Nestle CEO Mark Schneider explains why the company is investing more than $1.4 billion over the next decade to help cocoa farming families earn more.
In contrast, a true solution should benefit producers of all sizes while offering social and financial services that build durable economic stability over time. And it would encourage, and share the costs of, regenerative agricultural practices that benefit the environment, local communities and generations to come.
For example, under the new initiative, farmers and their families would receive payments if all children aged 6-16 are enrolled in school. If they perform certain agricultural activities to increase yields, like pruning, they receive additional compensation. The same goes for good agroforestry practices, such as planting shade trees, which increases output without converting new forestland. Diversifying their household income by planting other crops or raising livestock is also incentivized.
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