Home CSR Content Cargill Partners With Vertical Farming Leader AeroFarms In First-of-Its-Kind Research Focused On...

Cargill Partners With Vertical Farming Leader AeroFarms In First-of-Its-Kind Research Focused On Cocoa Production

This latest research collaboration brings together AeroFarms’ expertise in controlled environment agriculture, with Cargill’s extensive knowledge of cocoa agronomy and production practices.

As part of ongoing efforts to build a more resilient and sustainable cocoa sector, Cargill has entered a multi-year research agreement with vertical farming pioneer and leader AeroFarms aimed at improving cocoa bean yields and developing more climate-resilient farming practices.

“Environmental challenges and growing demand for cocoa products are placing increased pressure on the global cocoa supply chain,” said Niels Boetje, managing director Cargill Cocoa Europe. “Through partnerships with research institutes, universities and innovative companies like AeroFarms, we are collaborating across sectors in bold experiments to bring greater productivity and resiliency to traditional cocoa farming operations. We look forward to sharing our findings with the farmer cooperatives in our cocoa supply chain to help ensure a thriving cocoa sector for generations to come.”

This latest research collaboration brings together AeroFarms’ expertise in controlled environment agriculture, with Cargill’s extensive knowledge of cocoa agronomy and production practices. Together, the two organizations will experiment with different indoor growing technologies including aeroponics and hydroponics, light, carbon dioxide, irrigation, nutrition, plant space and pruning to identify the optimal conditions for cocoa tree growth.

These findings will yield new insights, targeting factors such as faster tree growth and greater yields, accelerated development of varieties with enhanced pest and disease resistance, and unlocking the cocoa bean’s full flavor and color potential. These outcomes will help secure the future supply of cocoa beans in the face of climate change.

“AeroFarms shares a similar vision as Cargill to nourish the world in a safe, responsible and sustainable way,” said David Rosenberg, Co-Founder & CEO of AeroFarms. “We have grown over 550 different crops, and we are excited to be working on another project with them, this time focused on cocoa. At AeroFarms we think of our proprietary technology as a platform to optimize plant biology, genetics, mechanical systems, operational systems, environmental systems and digital controls, data capture and analytics. Genetics and speed breeding is one of the verticals where we focus. Applying our platform to optimize cocoa growing is one way that AeroFarms can have a broader positive impact on the world.”

Initial exploratory work has already begun at AeroFarms global headquarters in Newark, New Jersey, and will soon expand to the company’s state-of-the-art AeroFarms AgX Research & Development indoor vertical farm in Abu Dhabi, UAE, which is slated to open in early 2022.

About CargillCargill, A

Cargill’s 155,000 employees across 70 countries work relentlessly to achieve our purpose of nourishing the world in a safe, responsible and sustainable way. Every day, we connect farmers with markets, customers with ingredients, and people and animals with the food they need to thrive.

We combine 155 years of experience with new technologies and insights to serve as a trusted partner for food, agriculture, financial and industrial customers in more than 125 countries. Side-by-side, we are building a stronger, sustainable future for agriculture. For more information, visit Cargill.com and our News Center.

No Offer or Solicitation

This press release does not constitute an offer to sell or a solicitation of an offer to buy, or the solicitation of any vote or approval in any jurisdiction in connection with a proposed potential business combination among Spring Valley and AeroFarms or any related transactions, nor shall there be any sale, issuance or transfer of securities in any jurisdiction where, or to any person to whom, such offer, solicitation or sale may be unlawful. Any offering of securities or solicitation of votes regarding the proposed transaction will be made only by means of a proxy statement/prospectus that complies with applicable rules and regulations promulgated under the Securities Act of 1933, as amended (the “Securities Act”), and Securities Exchange Act of 1934, as amended, or pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.


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