Land O'Lakes SUSTAIN and Tate & Lyle Announce Sustainably-Sourced Corn Collaboration
ARDEN HILLS, Minn. and HOFFMAN ESTATES, Ill., Nov. 14, 2018 /PRNewswire/ -- Land O'Lakes SUSTAIN and global ingredient supplier Tate & Lyle today announced a new collaboration to advance conservation practices on Midwest farms – specifically in sourcing sustainable corn. The relationship enables Tate & Lyle, a significant user of U.S.-grown corn, to enhance sustainable agriculture by helping corn farmers target and measure the impact of their environmental stewardship efforts, using the latest technology.
The collaboration leverages the Truterra™ Insights Engine, a new interactive on-farm digital platform from Land O'Lakes SUSTAIN, that helps farmers scale their environmental stewardship efforts and assess return-on-investment in real time, acre-by-acre. In turn, the Truterra Insights Engine supports Tate & Lyle to have greater visibility of its environmental footprint beyond the factory gates, enabling the company and its customers to make informed decisions about their supply chain environmental strategies.
"This collaboration bolsters Tate & Lyle's efforts to increase sustainability throughout the value chain, using the industry-leading Truterra Insights Engine," said Matt Carstens, Senior Vice President of Land O'Lakes SUSTAIN. "Our on-farm conservation practices and technology support a two-pronged approach to sustainability – helping protect natural resources while improving farmer livelihoods. Consumers care deeply about how their food is produced. Land O'Lakes SUSTAIN can aid in implementing specific conservation practices to achieve broader sustainability goals for food companies like Tate & Lyle – and help them demonstrate the results in clear terms."
"At Tate & Lyle, we recognize our responsibilities when it comes to environmental stewardship and, with this partnership, we are strengthening the sustainability of our agricultural supply chain," said Jim Stutelberg, President Primary Products at Tate & Lyle. "By utilizing the expertise and network of Land O'Lakes SUSTAIN and employing the Truterra Insights Engine, we can build on the great work farmers are already doing to care for the air, land and water and partner and provide greater visibility to drive sustainability in our business."
Farmers are supported through the Land O'Lakes SUSTAIN agricultural retailer network in the Midwest, including Ceres Solutions, The Equity and Premier Ag. These well-known agricultural retailers are trusted advisors to farmers and are well positioned to provide insights and information to farmers to enable them to make meaningful changes to their ways of working, spreading best practice throughout the farming community.
"True sustainability starts on the farm," said Betsy Bower, Agronomist at Ceres Solutions, a leading agricultural retailer in Indiana. "In order to deliver large-scale corporate sustainability commitments, we need to work with the farmer on every acre in a way that works for them and their business. Utilizing the Truterra Insights Engine through partnerships like this one make scalable impact possible. Together, we continuously adapt to improve the delicate balance between productivity, profit and preservation."
The Truterra Insights Engine is designed to facilitate collaboration and impact throughout the industry. The full suite of the Truterra offering uses technology and collaboration to advance the food and agricultural industry's ability to enable conservation at scale across a variety of crops, commodities and commitments.
About Land O'Lakes SUSTAIN
Land O'Lakes SUSTAIN is a leading stewardship solutions provider, advancing and connecting stewardship efforts throughout the food system with scale – from farmers to ag retailers to partners like food companies. Land O'Lakes SUSTAIN positions farmers for success by providing them tools and resources to track progress on every acre they farm. Land O'Lakes SUSTAIN's network brings together the best in agricultural technology and on-farm business management to drive sustainability across the food system, feeding people, helping farmers safeguard natural resources and supporting farmer livelihoods. Land O'Lakes SUSTAIN was launched in 2016 by Land O'Lakes, Inc., a member-owned cooperative that spans the spectrum from agricultural production to consumer foods. With 2017 annual sales of $14 billion, Land O'Lakes is one of the nation's largest cooperatives, ranking 216 on the Fortune 500. Land O'Lakes, Inc. corporate headquarters are located in Arden Hills, MN. For more information on Land O'Lakes SUSTAIN, visit www.landolakessustain.com.
About Tate & Lyle
Tate & Lyle is a global provider of solutions and ingredients for food, beverage and industrial markets.
Tate & Lyle operates through two global divisions, Food & Beverage Solutions and Primary Products, supported by the Innovation and Commercial Development and Global Operations teams. Food & Beverage Solutions is focused on growth by building leading positions globally in the categories of beverages, dairy, and soups, sauces and dressings. Primary Products is focused on delivering steady earnings and generating cash.
Food & Beverage Solutions consists of: Texturants, including speciality starches; Sweeteners, including low- and no-calorie sweeteners; and a Health and Wellness portfolio comprising mainly speciality fibres; and Stabilisers and Functional Systems, which are bespoke ingredient blends that ensure foods retain their structure.
Primary Products consists of high-volume sweeteners, industrial starches and fermentation products (primarily acidulants). It also sells co-products from the corn milling process as animal nutrition.
Tate & Lyle is listed on the London Stock Exchange under the symbol TATE.L. American Depositary Receipts trade under TATYY. In the year to 31 March 2018, Tate & Lyle sales totalled £2.7 billion. For more information, please visit www.tateandlyle.com.
SOURCE Land O’Lakes, Inc.; Tate & Lyle
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