By Sophie Kevany for Sentient.
Broadcast version by Nadia Ramlagan for Kentucky News Connection reporting for the Sentient-Public News Service Collaboration

Fifteen development banks and a fund tasked with supporting sustainable economic growth are investing billions of dollars to expand factory farming in the global south and other lower income countries, a new analysis from the non-profit Stop Financing Factory Farming finds. The lower income countries where banks are funding industrial agriculture are often the same countries that are more vulnerable to the extreme weather linked to climate change, which itself is fueled by industrial meat and dairy operations. The analysis finds 15 banks and one fund, including the World Bank Group and the United Nations' Green Climate Fund, invested just over $3 billion on animal agriculture in 2023, with over three quarters of the funded projects described by the researchers as factory farms. Another $3.4 billion was marshaled from other private and public funders.

Factory farms are responsible for between 11 and 20 percent of global greenhouse emissions, as well as a host of other impacts like water pollution, pandemic risks and animal suffering. The analysis is based on data from a civil society database called the Early Warning System, which collects funding information from project websites.

Development Bank Investments May Contradict Climate Goals

A number of climate models predict populations in developing countries will consume more meat as incomes increase, yet the new analysis finds the investments from development banks encourage the production of feed crops for farm animals, not humans, worsening food insecurity. Many of those animals are exported: a 2021 paper found developing countries provide nearly 80 percent of international poultry exports by volume, for instance.

"These investments often generate negative consequences for local communities and for animal welfare... [creating] hurt at many levels, locally, globally and for the environment, the climate, people and animals," Alessandro Ramazzotti, a researcher with the International Accountability Project, tells Sentient. The International Accountability Project is a member of the Stop Financing Factory Farming coalition.

Factory farm investments hurt the financiers themselves, as well, Ramazzotti says. "Development banks have climate change goals and if they keep investing in animal agriculture, especially when this is industrial, large-scale, they are not going to meet those commitments."

This tension is especially clear at the World Bank Group, the largest development investor by volume in factory farming projects. The bank says it is aligned with the Paris climate agreement goal of keeping warming to 1.5 degrees Celsius. It also published a report suggesting subsidies be redirected away from "emissions-intensive, animal-source foods," which account for almost 60 percent of total food-related emissions.

Despite its climate goal and the report, one of the World Bank's members, the International Finance Corporation, invested $501 million in factory farming in 2023, including a $47 million loan for a multi-story pig farm, the analysis finds.

A statement from the International Finance Corporation reads in part: "Animal protein is important for nutrition, especially in several of our client countries where early childhood and maternal undernutrition and micronutrient deficiencies remain pervasive and animal-source foods consumption is far below the recommended amount. There are 1.3 billion people whose livelihoods are tied to livestock and we also know this sector is responsible for over 30 percent of the global GHG emissions...IFC works with livestock clients that are committed to enhancing animal health and welfare, protecting the environment, and promoting food safety...By investing in sustainable solutions that intensify production and improve efficiency in livestock operations, it is possible to reduce global GHG emissions and eliminate deforestation in direct and sourcing operations while providing affordable and safe food in emerging markets."

Shifts from Beef to Pork Present Risks and Tradeoffs

In the past several years, analysts for development banks have also argued for shifts from large-scale beef operations to pork and poultry, citing the lower emissions associated with these foods. A 2021 document drafted by the European Investment Bank, described non-ruminant meat - essentially pork and poultry farms - as a climate-friendly investment option. Last year, the same bank invested $427 million in factory farming, the new analysis says.

Shifting factory farms from one animal to another because they produce lower emissions does not make it a good idea, says Ramazzotti. "In the case of the multi-story pig farm in China, that is supposed to limit the environmental impact, yes, but then what about animal welfare?" There are other impacts to consider, Ramazzotti adds. "Farms like that are a big risk for human health, because they are a great place for viruses to develop."

A spokesperson for the European Investment Bank responded in part that "EIB Group's lending policies for farming, agriculture and the bioeconomy are fully aligned with the EU's strict legal framework, including European Green Deal policies, as well as with legislation regarding animal welfare." The full statement is here.

The spokesperson also criticized the report's characterization of some projects as "entirely unrelated to animal production."

In an email to Sentient, Ramazzotti provided a specific description of each of these projects, and responded more generally: "those three projects have been included because the EIB's project disclosures are among the worst of all MDBs in terms of transparency - and therefore one of the most challenging institutions to analyze and hold accountable." The full response is here.

The contradiction between climate goals and climate investments are not unique to development banks. The United Nations has reported that animal agriculture is a disproportionate threat to biodiversity and the environment, and that eating more plants would reduce those threats, improve human health and lower the risk of pandemics. Meanwhile, the United Nations' Green Climate Fund, an initiative that aims to help reduce greenhouse gas emissions in developing countries, invested $175 million on industrial animal agriculture last year, the analysis finds.

Funding Better Projects

In Mongolia, Ramazzotti highlighted the irony of development bank funding for an industrial cattle project in a country already suffering from extreme weather known as the dzud. The dzud is characterized by dry summers and freezing winter temperatures, heavy snow and frozen ground. "And here, the International Finance Corporation is proposing an investment in an industrial cattle farm. As I understand, the investment is not likely to benefit, or only marginally, local people and it will increase the pesticides on feed crops and the methane produced by cattle, plus the farm is near a coal producer, and in a valley, which makes everything worse for the local people," he says.

Stop Financing Factory Farming is asking the financiers to stop funding industrial livestock operations at this scale, and instead shift investments toward farming systems that put "communities first and protect the planet."

In response to Sentient's request for comment on the report, the United Nations, the Green Climate Fund and the African Development Bank did not immediately comment on the analysis.

Yet a change of direction is entirely possible, the analysis finds, citing the same Green Climate Fund for supporting some low-carbon projects. One example is a fund to help women farmers in Cote D'Ivoire adapt to climate change in a variety of ways, including boosting financial literacy and knowledge of land rights.


Sophie Kevany wrote this article for Sentient.


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CLARIFICATION: In the initial release of this story, the photo caption included a typo that resulted in an unintentional racial slur. In discussions with every staff member involved in the story, it was clearly a typing error, with no intention of including an offensive term. We deeply apologize for the error. (9:35 a.m. CST, June 23, 2025

From poultry to beer, Minnesota has an avid interest in producing food with ingredients and practices mindful of the state's water resources and the latest recipients of specialized grants are taking charge.

The grants were awarded by the "Continuous Living Cover" program under the Minnesota Department of Agriculture. Food manufacturers and others in the supply chain use the funds to develop larger markets for crops that help stabilize the soil in which they are planted.

Sandy Boss Febbo, co-owner of Bang Brewing in St. Paul, said their grant allows them to use more "Kernza," a sustainable alternative to wheat. She called it a "beautiful grain."

"Once we tried it and saw how well it performs in beer and what it lends to beer flavor profiles, we were hooked," Boss Febbo explained.

Boss Febbo pointed out crops like Kernza have root systems that keep nitrates from flowing into waterways, preventing algae blooms and providing other environmental benefits. One catch is Kernza is more expensive than traditional beer ingredients. This legislative session, Minnesota lawmakers approved $450,000 for future grants under the cover crop program.

Boss Febbo noted the state aid is not just for the processing of Kernza at her brewery. Marketing is a key strategy as well. Bang Brewing plans to retrofit a van with a mobile tap setup so they can travel to licensed events around Minnesota and spread the word about this largely unknown crop.

"Agricultural practices have a massive impact on the health of our land and water," Boss Febbo emphasized. "To bring that message, to get more people involved and more people supporting, that is really our goal."

According to program backer Friends of the Mississippi River, other grantees include a hazelnut company, as well as a farm raising chickens on forested pastures. The farm will also use its grant money to help market its product to schools, retailers and restaurants across Minnesota.

With more than 95,000 farms, Missouri ranks among the top farming states in the nation. Now, a national agriculture group is warning that bills moving through Congress could hurt rural communities.
According to the National Sustainable Agriculture Coalition, the Senate's reconciliation bill, sometimes called "The Big Beautiful Bill Act," would deepen hunger and hinder small farmers. At the same time, the group contends the House's 2026 spending plan slashes funding for conservation, research and local food programs.

Mike Lavender, the coalition's policy director, said the consequences of these cuts will be felt directly by those working the land.

"These cuts, even to relatively small programs, are going to mean that fewer farmers have access to resources and information that help them have a successful livelihood, help their business work and help them be successful in providing for their family," he said.

Supporters have said the bills promote responsible budgeting by cutting spending and boosting efficiency. The Senate's agriculture bill awaits full debate, while the House's 2026 funding bill has cleared committee.

Nearly 90% of Missouri's farms are family-owned. Lavender said his organization has been working closely with members of the Senate and the Appropriations Committee to make sure they understand the importance of these programs for farmers across the country.

"Don't do what the House did. Don't undercut farmers, don't undercut rural communities by reducing funding for these programs," he said, "but rather they deliver funding for these programs based on demand, and we know there's a high demand and a high need for these programs across the country."

Lavender added that the 2026 spending bill has "one bright spot" in its support for direct purchases from local producers, but he said that's overshadowed by cuts that hurt those very farmers.


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By Jessica Scott-Reid for Sentient.
Broadcast version by Terri Dee for Ohio News Connection reporting for the Sentient-Public News Service Collaboration

Regenerative agriculture continues to capture attention - praised in star‑studded documentaries like "Kiss the Ground" and "Common Ground," and featured heavily in Biden's "climate-smart agriculture" programs. The promise sounds compelling. With the right type of cattle grazing and soil-enhancing farming practices, we can eat all the beef we want, guilt-free. But as climate scientist Jonathan Foley explained in a recent webinar hosted by the Food and Farming Journalism Network: "We're finding that the results of real field trials, replicated at scale, aren't producing the results we see in the movies." According to Foley, many of the promises of regenerative agriculture "have been overhyped."

Around a third of global greenhouse gas emissions come from food, with most of those emissions driven by meat -- especially beef. Regenerative agriculture has remained a popular initiative for many, but the math that its carbon-saving calculations are based on simply doesn't pencil out.

There's no way to make regenerative agriculture work, at least not if Americans and others in Global North countries continue to eat the same amount of meat. "Regenerative [agriculture] can only happen if our thinking, our philosophy, our diet and our food, changes," Rattan Lal, distinguished professor of soil science at Ohio State University, tells Sentient. That includes drastically reducing meat consumption, not just making meat "better."

What Does 'Regenerative Agriculture' Mean?

Regenerative agriculture doesn't have a single, universally accepted definition, but core practices of regenerative farming tend to include planting cover crops, avoiding soil tillage and rotating livestock - especially cattle - across pastures to graze. Mainly drawn from Indigenous knowledge, these practices can benefit soil health.

As a climate solution, however, the evidence doesn't stack up. The basic idea behind regenerative meat as a climate solution goes like this: whatever emissions that are produced as a result of raising beef are offset by regenerative farming practices. Those practices, the argument goes, can capture carbon out of the air and into the soil permanently, which is what you need for an offset to be effective, so that the climate pollution from the meat doesn't count.

But research shows regenerative farming is not effective at permanent, or even long-lasting, carbon sequestration (again, that's what you need for a carbon offset to work).

Foley, who is also the Executive Director for the climate solutions research group Project Drawdown, summed it up this way in the webinar: "if you don't cherry pick the data, and you look at it more systematically, regenerative grazing in particular doesn't look quite as strong as it might at first appear."

Regenerative Grazing Has a Land Problem, Which Is Also a Climate Problem

Regenerative grazing can only do so much with carbon. Unlike what happens in native forests, prairies and wetlands, on a farm, carbon is indeed added into the ground, but only transiently and only in the topsoil.

At that depth, rapid microbial turnover releases much of the carbon back into the atmosphere, and does not store it permanently. In order to be an effective offset, the carbon needs to be stored in the ground permanently.

Regenerative grazing also uses more land. In addition to the methane burps, that's a big part of why beef - no matter how you farm it - has such a massive climate cost is the land.

A 2020 study found that regenerative ranching requires up to 2.5 times more land than conventional beef production. In practical terms, that means to produce the same amount of meat that we consume now but with regenerative farming practices, the "footprint of animal agriculture" would have to increase substantially.

Even switching from factory-farmed to grass-fed beef in the U.S. would take a heavy toll. Research shows that grass-fed beef production actually emits more greenhouse gas emissions than conventional farming.

That's because factory farms, for all of their problems, are just far more efficient at raising meat. And efficiency is a good thing, at least if you are solely focused on greenhouse gas emissions (critics of this perspective sometimes call this view "carbon tunnel vision"). Grass-fed beef production, being far less efficient, emits more methane per cow and requires more land.

One study from 2018 estimated that shifting the beef cattle population to grass-fed cows would require increasing the national cattle herd from 77 million to 100 million - about a 30 percent jump.

Eat Less Meat and Rewild More Land

Lal, who is supportive of regenerative agriculture, says that the only way for the regenerative approach to work at-scale is with a reduction in meat production and consumption, and a return of some agricultural lands to nature, otherwise known as rewilding.

"Agriculture has been a problem," Lal says, because over time, we humans have deforested massive amounts of carbon-storing forests and other native landscapes to produce food for a growing global population.

But that deforestation came with a major climate pollution cost, and our ongoing deforestation to feed our global meat habit today is only adding to that cost.

Now, both global temperatures and populations are continuing to increase, and if we want to stave off the worst effects of climate change, while also feeding a lot more people, we need to take a few important steps, both Lal and Foley agree.

According to Foley, "we've got to cut the emissions in the first place." One way of doing that is by eating less beef. In 2018, a report from the World Resources Institute found that U.S. beef consumption needs to be reduced by about 40 percent to limit global warming effectively.

There are other measures needed too. In addition to eating less meat, Foley said during the webinar, we need to "restore nature, shrink the footprint of agriculture, put back the forest, put back the natural prairies, put back the mangroves. If we could do that through curbing our diets and curbing our waste, that would be a great, great idea."

Lal describes the task ahead in stark terms. We have an obligation, he says, "not only technologically and economically, but also morally and ethically, to return some of that extra land back to nature."

In order to do that through regenerative practices, "some productivity has to be sacrificed. So we [have to] change our diet, [to eat less meat]." After all, "Do we need to eat meat three times a day?" asks Lal, rhetorically. "Three times a day meat-based, is not healthy for people and not healthy for the planet."

Lal has many big changes in mind: "our thinking, our diet, our way of life, our food habits, our food system - all that has to change. It is really transformation and regeneration [that's needed], not only of agriculture, but of our own thinking and lifestyle as well."


Jessica Scott-Reid wrote this article for Sentient.


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