Europe, UK, Ireland, Sustainability, Trade/Markets/Prices

‘Green chips’: McCain invests further £35m in sustainable farming in the UK

New contracts with suppliers promise to help farmers cope with rising fertiliser and energy costs while supporting new regenerative farming practices.

McCain has today confirmed a further £35m of investment in its supply chain, as it seeks to boost supplies of UK potatoes and bolster its regenerative farming initiatives, as James Murray reports for BusinessGreen.

The frozen chips giant said that its indexation model for determining payments to the farmers who supply the company had resulted in a 31 per cent increase in contract pricing to “ensure its growers continue to be fairly compensated in light of soaring inflation”. 

The hike in contract prices – which comes in response to soaring energy and fertiliser costs across the farming industry, as well as the fallout from last summer’s record heat wave – means McCain’s will pay an additional £35m to its farmers this year.

Source: BusinessGreen. Read the full story here
Photo: Credit McCain via BusinessGreen

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