FareShare will help secure enough food and increase climate action mitigation with one million meals in two years
Duluth, Georgia, November 28, 2022🇧🇷Business Wire)–The AGCO Agricultural Foundation (AAF)A visionary private foundation to prevent and reduce hunger through sustainable agricultural development, today announced the grant. $300,000 The fee It will ensure surplus food reaches vulnerable communities across the UK, while tackling food waste.
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AAF grant to Fareshare to secure 475 tons of surplus food. (Photo: BusinessWire)
The two-year partnership is expected to help FareShare secure 475 tons of surplus food and redistribute more than one million meals. The program will help grow the award-winning surplus through a purpose fund, which will cover the cost of diverting farmers’ harvests and wasted food.
The Intergovernmental Panel on Climate Change estimates that food waste contributes 8% to 10% of the world’s greenhouse gas emissions, so dealing with food waste is a pressing issue. Funding will directly help agribusinesses by reducing the environmental impact of food waste through interventions to harvest surplus fresh produce such as fruits and vegetables. Over the next 24 months, for every tonne of surplus Fareshare and AAF food redistributed through this project, around 1.6 tonnes of embodied CO2 could be saved and 3.8 tonnes prevented from alternative and harmful disposal.
“As a foundation, our support for the FareShare Surplus Food Program comes at a critical time and aligns with AAF’s vision of preventing and alleviating hunger. We look forward to meeting the food needs of vulnerable families while combating climate change and up the food chain by combating food waste,” said AGCO Agriculture. Roger Batkin, chairman of the foundation’s board, said.
The AAF-funded Surplus Food Program contributes to four 17 United Nations Sustainable Development Goals: zero hunger, health and wellness, climate action as well as responsible consumption and production. The project will provide food to thousands of vulnerable people, tackle food waste to address the impact of climate change, improve overall well-being through access to good nutrition and provide a scalable solution to food recovery.
“We should never waste good food, especially in the midst of a cost of living crisis. Millions of people are struggling with the rising cost of food, fuel and housing bills. We are seeing the impact of food demand on our network rising. We are grateful to the AAF for funding the UK at this critical time for cost-sharing. This partnership will help us expand our reach and make a significant difference in getting surplus food from farms to people’s plates,” said Lindsay Boswell, Managing Director of FareShare.
AGCO (NYSE:AGCO) is a world leader in the design, manufacture and distribution of agricultural machinery and precision agriculture technology. AGCO delivers customer value through its portfolio of unique brands, including flagship brands Challenger®, Fendt®, GSI®, Massey Ferguson®, Precision Planting® and Valtra®. Powered by Fuse® Smart Farming Solutions, AGCO’s full range of equipment and services help farmers sustainably feed our world. Founded in 1990 and headquartered in Duluth, Georgia, USA, AGCO is expected to achieve net sales of approximately $11.1 billion by 2021. For more information, visit www.AGCOcorp.com🇧🇷 For company news, information and events, follow us on Twitter: @AGCOCorp. For financial news on Twitter, follow the hashtag #AGCOIR.
About AGCO Agricultural Foundation (AAF).
The AGCO Agricultural Foundation (AAF), launched in 2018 by AGCO Corporation (NYSE: AGCO ), is a private foundation with a mission to prevent and alleviate hunger. The Foundation initiates impactful projects that support food security, promote sustainable agricultural development and build much-needed agricultural infrastructure in marginalized farming communities. The AAF is headquartered in Vaduz, Liechtenstein and operations are managed in Duluth, Georgia, USA. For more information, visit https://www.agcofoundation.org/
FareShare is the UK’s largest charity fighting hunger and food waste since 1994. The foundation was born out of the belief that no good food should go to waste, especially when people are hungry. FareShare redistributes your surplus food through a network of nearly 9,500 charities and community organizations.
For more information, visit our website https://fareshare.org.uk/
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Arin Trady, Director of Corporate Communications
Holly Howells Fareshare
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