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COINTURK FINANCE > Business > Mars Launches Initiative to Preserve Peanut Crops from Climate Threats
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Mars Launches Initiative to Preserve Peanut Crops from Climate Threats

Overview

  • Mars introduces plan to address climate risks for peanut crops.

  • Company invests $5 million to strengthen peanut resilience.

  • Scientific collaborations enhance crop resistance to environmental threats.

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Mars Inc. has unveiled a new initiative dedicated to addressing challenges faced by peanut crops due to environmental changes. The confectionery and food giant aims to mitigate the impacts of climate change on peanut production through a series of scientific endeavors. With peanuts being a key ingredient in popular products like M&Ms and Snickers, Mars’s commitment underlines the necessity of ensuring a reliable supply chain.

Contents
Why is Mars Investing Now in Peanut Research?What is the Plan’s Strategy for Peanut Preservation?

This unveiling builds upon the company’s previous efforts in agricultural research, notably its financial and scientific contributions towards peanut genomics. Mars has already invested $10 million in studying the peanut genome, and shares this scientific data openly with the industry. In the past, Mars co-founded the Peanut Genome Initiative, allowing the mapping of a significant portion of the peanut’s DNA. These continuous investments highlight Mars’s strategic focus on long-term agricultural solutions.

Why is Mars Investing Now in Peanut Research?

Peanut crops are experiencing intensified challenges from severe weather patterns, pests, and diseases, leading to substantial crop losses. As a major consumer of peanuts, Mars annually buys over 300 million pounds, directly influencing its product lineup’s success. Recognizing this dependence, the company is investing an additional $5 million in genomic science techniques to cultivate more resilient peanuts that can withstand adverse conditions.

What is the Plan’s Strategy for Peanut Preservation?

The Mars Protect the Peanut Plan includes partnerships with esteemed organizations such as the University of Georgia Tifton Campus, HudsonAlpha Institute for Biotechnology, and the USDA Agricultural Research Service. These collaborations focus on the development of peanut varieties resistant to drought and diseases. The plan seeks to employ genomic-based strategies to foster hardier crops capable of enduring extreme climates, ensuring a steady peanut supply from farm to consumer markets.

Mars’s strategic partnerships involve leveraging expertise from various agricultural and biotechnological institutes. For instance, collaboration with the National Institute of Agricultural Technology (INTA) emphasizes the creation of disease-resistant peanut strains. By fostering these ties, Mars aims to innovate agricultural practices and enhance the resilience of its peanut supply chain.

Amanda Davies, who leads Mars’s R&D, Procurement, and Sustainability, highlights the science-driven focus of the initiative:

“We have long believed that Mars can play a unique role as an engine of innovation, which is why we’re thinking in generations and betting big on science to protect the peanut.”

This statement reflects Mars’s commitment to sustainable practices that align with broader environmental challenges.

Mars’s dedication to advancing agricultural science illustrates a proactive approach to ensure sustainability in the face of climate unpredictability. Through investment in scientific research, Mars aims to uphold its role in sustainable agriculture, reflecting a balance between environmental stewardship and business sustainability. As the industry navigates these challenges, Mars’s initiative represents a tangible commitment towards securing the future of peanut crops.

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Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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