Date: Tue Jul 23, 2019
Time: 1:00 PM - 3:00 PM
Moderator: Sally Flis
As the largest U.S. food company, Tyson has set bold sustainability goals including a 30% reduction in Greenhouse Gas (GHG) emissions and a two million-acre Land Stewardship commitment. Tyson’s Land Stewardship commitment provides opportunity to improve our food system to sustainably feed the world. In January 2019, Tyson announced a partnership with the Environmental Defense Fund to accelerate sustainable food production. The first project between Tyson and EDF focuses on land stewardship and aims to pilot and scale agriculture practices on 500,000 acres of corn to improve environmental and economic footprint. Cloud-based agricultural technologies MyFarms and Farmers Business Network (FBN) are providing the opportunity to participate. The entities collect information on agricultural production practices while protecting farmer data privacy. This project will inform the path we take to meet our land stewardship goal of working with farmers to improve environmental practices across two million acres of corn production by 2020.
Grainchain introduces blockchain technology to an untapped multi-trillion-dollar global industry, agriculture. This innovation provides instant payment to suppliers and farmers, and immediate access of commodities to buyers. It attacks fraud and corruption through certification and accountability. It streamlines procedures for all farmers, buyers, and participants in the commodities market. Grainchain is a comprehensive platform that modernizes the agricultural ecosystem and tracks farm goods from field to the financial markets. Grainchain provides individuals and organizations in the agricultural industry with a secure and verified method of exchanging commodities. The full power of blockchain innovation allows all participants in the industry to use smart contracts to efficiently and quickly exchange commodities. The benefits include safe, verifiable, and quick payments, matching farmer production to buyer order, real time audit trails, agreement creation and enforcement.
From dirt to shirt, The Seam acknowledges that traceability in cotton production is essential to each step of the supply chain. Being able to identify and trace the history, distribution and location of cotton is increasingly important to today’s conscious consumers. With agritech developments and the implementation of data standards, consumers are now able to trace the source of the products they buy, and that means crop producers and manufacturers are held accountable for meeting exceptional standards. Technology has become more accessible and affordable, and the success of blockchain and online trading platforms mean more farms are able and expected to enforce sustainable farming and transparency practices. In an agricultural landscape where consumers can compare products and make precise decisions on crop investments, we can expect to see growth in farming technologies that succeed in advancing traceability within the cotton supply chain.