Australia markets closed
  • ALL ORDS

    7,490.10
    -178.80 (-2.33%)
     
  • ASX 200

    7,175.80
    -166.60 (-2.27%)
     
  • AUD/USD

    0.7187
    -0.0041 (-0.56%)
     
  • OIL

    84.83
    -0.72 (-0.84%)
     
  • GOLD

    1,836.10
    -6.50 (-0.35%)
     
  • BTC-AUD

    49,750.86
    -4,514.55 (-8.32%)
     
  • CMC Crypto 200

    870.86
    +628.18 (+258.85%)
     
  • AUD/EUR

    0.6333
    -0.0054 (-0.85%)
     
  • AUD/NZD

    1.0702
    +0.0008 (+0.07%)
     
  • NZX 50

    12,348.00
    -149.10 (-1.19%)
     
  • NASDAQ

    14,438.40
    -408.06 (-2.75%)
     
  • FTSE

    7,494.13
    -90.88 (-1.20%)
     
  • Dow Jones

    34,265.37
    -450.02 (-1.30%)
     
  • DAX

    15,603.88
    -308.45 (-1.94%)
     
  • Hang Seng

    24,965.55
    +13.20 (+0.05%)
     
  • NIKKEI 225

    27,522.26
    -250.67 (-0.90%)
     

Bayer and CHS Collaborate to Bring Carbon Program Access to More Farmers

·4-min read
  • First-of-its-kind agreement brings together two industry leaders to drive adoption of carbon-smart practices by more than 75,000 additional U.S. growers

ST. LOUIS & INVER GROVE HEIGHTS, Minn., November 02, 2021--(BUSINESS WIRE)--Bayer, an industry leader and innovator in the carbon marketplace, announced today with CHS Inc., the largest agriculture cooperative in the United States, a unique agreement that makes Bayer Crop Science the carbon program partner for CHS and the most accessible carbon program for U.S. farmers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20211102005285/en/

The agreement brings together two major agriculture industry leaders to help more farmers participate in and benefit from carbon-smart practices. CHS is owned by more than 900 local cooperatives and 75,000 farmers and ranchers across the nation; the relationship will extend the Bayer Carbon Program to CHS farmer-owners across 17 states already covered by the program, and also in Colorado, Montana, Oklahoma and Texas.

"CHS chose to collaborate with Bayer because its carbon program is simple, established and built on the industry’s most connected and widely used platform, Climate FieldView," said Dean Hendrickson, vice president, Agronomy, CHS. "Bayer’s program is easy for growers to use and provides them with flexibility to adopt climate-smart farming practices like strip- and no-till and cover crops."

"CHS is a trusted farm advisor and we’re looking forward to strengthening our long-term relationship to expand our carbon program to CHS customers," said Leo Bastos, who leads Global Commercial Ecosystems for Bayer, including its carbon program. "The Bayer Carbon Program is a natural extension to grow our relationship, since we’re both highly committed to agriculture sustainability and to providing farmers with the latest tools and technologies to promote profitability."

"While agriculture is listed by the EPA as a contributor to greenhouse gas emissions, it also is one of the few industries with the ability to do something about it," said Terry Herzig, director, Retail Agronomy, CHS. "To demonstrate our commitment to helping our farmer-owners be part of the solution, we are offering an incremental incentive to growers who participate in the Bayer Carbon Program through CHS."

Growers can earn additional incentives by purchasing enhanced efficiency fertilizer products, such as N-Edge®, Trivar® and Levesol® from CHS.

"CHS is proud to work with Bayer to offer incentives for practices and products that can enhance soil health, improve yields and drive sustainable outcomes," said Herzig.

The Bayer Carbon Program is just one way that Bayer is fulfilling its vision by driving innovation to help farmers maximize yield per acre while using fewer resources and reducing greenhouse gas emissions through climate-smart growing practices. For more information about Bayer’s commitment to sustainability visit www.cropscience.bayer.com.

CHS was built on the foundation of sustainability with a commitment to helping farm and ranch families, local cooperatives and rural communities thrive. Helping customers participate in carbon programs and markets is another way CHS is creating connections to empower agriculture. To learn more about sustainability at CHS, visit chsinc.com/about-chs/sustainability.

* based on total global subscribed acres.

About Bayer

Bayer is a global enterprise with core competencies in the life science fields of health care and nutrition. Its products and services are designed to help people and planet thrive by supporting efforts to master the major challenges presented by a growing and aging global population. Bayer is committed to drive sustainable development and generate a positive impact with its businesses. At the same time, the Group aims to increase its earning power and create value through innovation and growth. The Bayer brand stands for trust, reliability and quality throughout the world. In fiscal 2020, the Group employed around 100,000 people and had sales of 41.4 billion euros. R&D expenses before special items amounted to 4.9 billion euros. For more information, go to www.bayer.com.

About CHS Inc.

CHS Inc. (www.chsinc.com) is a leading global agribusiness owned by farmers, ranchers and cooperatives across the United States. Diversified in energy, agronomy, grains and foods, CHS is committed to creating connections to empower agriculture, helping its farmer-owners, customers and other stakeholders grow their businesses through its domestic and global operations. CHS supplies energy, crop nutrients, seed, crop protection products, grain marketing services, production and agricultural services, animal nutrition products, foods and food ingredients, and risk management services. The company operates petroleum refineries and pipelines and manufactures, markets and distributes Cenex® brand refined fuels, lubricants, propane and renewable energy products.

View source version on businesswire.com: https://www.businesswire.com/news/home/20211102005285/en/

Contacts

Media:

Bayer: Susan Luke: 314-412-5406
Susan.Luke@Bayer.com

CHS: Brittany Voss: 651-355-4596
Brittany.Voss2@chsinc.com

Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting