Starbucks Adds 'Innovation Farms' In Central America To Climate-Proof Coffee – CoffeeTalk

Starbucks has acquired two Central American “innovation farms” to protect its supply chain from the effects of climate change, which can lead to increased consumer prices. The farms, located in Guatemala and Costa Rica, will focus on growing hybrid varieties of coffee beans at different elevations and soil types. Starbucks, which buys 3% of the world’s coffee, plans to share information about developing disease-resistant coffee with other producers. The company plans to invest in more farms across Africa and Asia as it works to grow its “coffee innovation network.” Starbucks’ EVP of Global Coffee and Sustainability, Michelle Burns, said it will always work to ensure a sustainable future of coffee for all. Climate change has made coffee more difficult to grow by shifting temperatures and rain patterns, which can reduce supply and increase prices for consumers. Starbucks plans to invest in more farms across Africa and Asia as it works to grow its “coffee innovation network.” Starbucks shares fell about 1% to $95.62 on Thursday morning, but are little changed on the year.

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