Global Agribusiness Leverages TraceX Platform for Sustainable Land Restoration with Regenerative Practices

In a quest to champion sustainability within the agricultural sector, a leading agribusiness leveraged TraceX’s sustainability platform to revolutionize land restoration practices by implementing regenerative agriculture techniques.

About the Company

A global food brand looking to source ingredients from regenerative agriculture practices partners with an international non profit to create a sustainable model with the help of a local on ground implementation partner for Restoration of barren land into cultivable land through improvement in soil health and water footprint.

Industry

Agribusiness, Foundation

Region

Andhra Pradesh, India

Use Case

Land Restoration through Regenerative Agriculture

Features Used

Farmer Onboarding
Farm Plotting
Baselining of Project parameters
Crop and Field activity
Dashboards and Reporting

The conversion of land used for conventional farming alone threatens 86% of species at the risk of extinction and accounting for 24% of global greenhouse gas emissions.

Organizations have a unique opportunity to lead the transformation to regenerative agriculture by supporting farmers who adopt these practices. Organization need to work to make agriculture more sustainable by partnering with farmers and forest communities around the world to use methods that protect the land as well as their livelihoods.

Sustainability needs to be a Journey and Regeneration as the Goal.

Challenges

Identifying Suitable Projects: One of the primary challenges is identifying and selecting restoration projects that align with the organization’s sustainability goals. These projects need to be not only effective in reducing emissions but also fit the organization’s industry and expertise.

Data Collection and Monitoring: Robust data collection and monitoring systems are crucial to track the effectiveness of insetting projects. Organizations must overcome the challenges of collecting accurate data, ensuring data integrity, and implementing monitoring processes that comply with industry standards.

Complex Accounting: These projects can involve complex carbon accounting, where organizations must accurately calculate the emissions reductions achieved through their projects.

Integration with Operations: Integrating these projects into an organization’s daily operations can be a significant challenge.

Measuring Impact: Demonstrating the real impact of projects is a challenge. Organizations must be able to measure and communicate the environmental and social benefits of these projects effectively.

Stakeholder Engagement: Engaging with various stakeholders, including employees, local communities, and customers, is essential for the success of such projects.

Regulatory and Compliance Issues: These projects may be subject to various regulatory and compliance requirements, adding complexity to project implementation. Organizations must navigate these requirements to avoid legal and regulatory challenges.

Scalability: Scaling up projects to make a significant impact on an organization’s carbon footprint can be challenging.

Solutions

TraceX’s blockchain powered Sustainability Platform provides the farm level digitization to capture the various practices and the KPIs to realize the sustainability objectives. This encompasses Baselining of 4 major scopes viz. Soil Health, Water Footprint, Biodiversity and Farmer’s profitability.

Measuring the Impact of Regenerative Agriculture

This project aims to implement regenerative agriculture practices on 30 acres of land in Odulupalli village, Andhra Pradesh, India. To assess the project’s impact, a crucial first step is establishing a baseline for four key parameters:

Soil Health:

Assessment: Soil tests will be conducted to measure parameters like organic matter content, nutrient levels (e.g., nitrogen, phosphorus, potassium), pH, and microbial activity.

Trend Analysis: Comparing these results against historical data (if available) or data from a control plot will reveal trends in soil health over time.

Biodiversity:

Assessment: Surveys will be conducted to identify and quantify plant and animal species present within the project area. This could involve counting species, utilizing camera traps, or conducting ecological surveys.

Trend Analysis: Similar to soil health, comparing biodiversity data against historical records or control plots will reveal trends in species richness and ecosystem health.

Water:

Assessment: Water availability will be measured through methods like rainfall monitoring, groundwater level monitoring, and assessing existing irrigation systems. Additionally, soil moisture content will be tracked through probes or sensors.

Trend Analysis: Analyzing historical data on rainfall patterns, water usage, and groundwater levels will provide context for changes observed during the project.

Farmer Profitability:

Assessment: During the project, all costs incurred by the farmer (e.g., seeds, fertilizers, labor) will be meticulously documented. Additionally, revenue generated from the sale of crops will be carefully tracked.

Analysis: Comparing costs and revenue will provide a clear picture of the farmer’s profitability. By comparing this data to their past income or that of a control group, the impact of regenerative practices on profitability can be assessed.

Sustainability Platform

Establishing baselines for these parameters provides a crucial starting point. By comparing data collected throughout the project with these baselines, the project can quantitatively measure the impact of regenerative agriculture on soil health, biodiversity, water management, and ultimately, farmer profitability. This data will be valuable for demonstrating the success of the project and encouraging its potential future scale-up.

Key Takeaways

Data Accuracy: Provide accurate and reliable data collection, ensuring that organizations have precise information about their environmental impact, emissions, and other key performance indicators.

Transparency: Enhance transparency in reporting and tracking. This transparency is essential for building trust among stakeholders, customers, and regulatory bodies.

Efficiency: Automating data collection and reporting processes saves time and resources, allowing organizations to focus on improving sustainability and operational efficiency.

Cost Reduction: Organizations can identify areas where they can reduce costs, such as energy consumption, waste management, and emissions control.

Sustainability Improvement: Provide insights into an organization’s environmental impact, helping them identify areas for improvement and make informed decisions about sustainability initiatives.

Stakeholder Engagement: Transparent reporting can enhance an organization’s relationship with stakeholders, including customers, investors, and the public.

Compliance: Helps organizations to meet compliance requirements and regulations related to environmental reporting. This is critical for avoiding legal issues and financial penalties.

Improved Decision-Making: With access to accurate and timely data, organizations can make data-driven decisions that have a positive impact on the environment and their bottom line.

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Global Agribusiness Leverages TraceX Platform for Sustainable Land Restoration with Regenerative Practices

About the Company

Industry

Region

Use Case

Features Used

Challenges

Solutions

Measuring the Impact of Regenerative Agriculture

Sustainability Platform

Key Takeaways

Start using TraceX

Company

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Download your Global Agribusiness Leverages TraceX Platform for Sustainable Land Restoration with Regenerative Practices here

Download your Global Agribusiness Leverages TraceX Platform for Sustainable Land Restoration with Regenerative Practices here

Download your Global Agribusiness Leverages TraceX Platform for Sustainable Land Restoration with Regenerative Practices here

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