Compeer Financial is teaming up with PepsiCo and other industry partners to offer a pilot leasing program for strip-till equipment, helping offset upfront financial costs for farmers implementing soil conservation practices on their farms. Through RegenLend, Compeer Financial will lease the equipment to farmers, and PepsiCo will cover two annual lease payments to share the cost of investment with farmers. The Environmental Defense Fund (EDF) aided in the development of this program, and the Soil and Water Outcomes Fund (SWOF) are operational partners in its management and operations.
"As a leading farm lender, we listen to the priorities and concerns of farmers we serve. Soil conservation practices continue to evolve and opportunities abound for farmers to learn about and improve soil health. RegenLend is a program designed to use supply chain incentives to help bridge the financial investment in soil health technology, such as new strip tillage systems, that can be a burden to farmers' bottom line," said Bryan Stanek, managing director of new markets with Compeer Financial. "We are proud to work with PepsiCo in creating unique programs like RegenLend as they are committed to supporting our farmers in their journey to realizing the long-term gains their land and operations can experience from improved soil health."
Strip-till can be an initial steppingstone for farmers exploring soil conservation practices to improve soil health on their farms. Strip tillage can improve soil health and contribute to long-term yield and water retention enhancements. The practice also can deliver fuel and labor cost savings on the farm through reduced trips across the field, improved efficiency in preparing the seedbed for planting and more precise fertilizer placement.
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