Harnessing digital technology and agricultural finance for food system transformation. Enhancing food security and enabling opportunities for agriculture business development in smallholder farming communities in Africa.
The Opportunity
Recent breakthroughs in digital technology are poised to drive a transformation of food systems. AgriResilience will harness these innovations to accelerate progress by providing access to near real-time information that enable actions to improve food security and create opportunities for smallholder farm business development.
The Challenge
For agriculture to meet growing food and nutrition requirements it must produce more on a diminishing land resource that is experiencing climate change marked by extremes, resulting in increased drought, floods, pests, and disease. Meanwhile smallholder farmers, about two thirds of the developing world, are stewards of significant land areas. Smallholder farm practices can sustain resource lands while helping mitigate climate through climate smart action. But to make progress farmers first need to manage risks to ensure economic stability. In the absence of economic stability, smallholder’s survival is essentially season to season, with little room to make the investments needed to change the status quo.
The Response
AgriResilience will transform risk management by closing the digital divide, leveraging proven agricultural monitoring technologies and open data to provide early warning, risk assessment, and response information. The transition will:
Support finance measures, including low-cost input insurance products, benefitting farmers, and providing a more stable risk environment for Agri-finance and service expansion
Bundling finance services with information to inform on-farm decisions in response to pests, disease, and weather-related risk, resulting in a reduction of the yield gap
Improve crop monitoring services to provide timely local crop specific advisories informed by seasonal climate and production forecasts
Enable more effective disaster response at the national and international level, reducing the disruptive impact of large scale disasters (typhoon, drought, etc) by more effective response at national and international levels
The Actions
AgriResilience will build on proven, cost-effective, ag-finance, early warning, and crop monitoring initiatives by scaling up existing programs to the national level in multiple African countries. Specific actions include:
1. Expand the low-cost input insurance products by scaling up proven crop surveillance information to increase the economic resilience of smallholders and the agricultural input sector
2. Scale-up proven GEOGLAM crop monitoring activities at national level to support national agricultural early warning systems and seasonal forecasts that inform policies and programs supporting smallholder farmers, and influence farm management
View the GEOGLAM Crop Monitor here
Project Impact
AgriResilience will increase smallholder farmer resilience, opening the door to investments to reduce the yield gap and foster climate smart practices that improve the land resource, increase food production, and help mitigate and adapt to climate change.
Project timeline
2021: Q4 Detailed Project Planning
2022: Country Selection and Establish National Partner Networks
Crop Monitoring Information Systems and Products:
Global Crop Monitors
Incorporate Seasonal Forecasts and Crop Specific Metrics
Develop Historical Data (Climate and EO)
Develop Anomaly Thresholds
Co-Develop Enhanced National Crop Monitoring Systems
2023-2024: Operational Crop Monitoring
Implement Input Insurance Pilots
Develop Localized Near-Real-Time Farming Advisories and Climate Smart Action Guidelines
2025-2026: Operational Crop Monitoring
Scale-up Input Insurance Pilots to National Scale and Hand-off for Sustained Operations
The team
Partners and developers
Key contacts
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Disclaimer
The Sustainable Markets Initiative is a not-for-profit company limited by guarantee. The Sustainable Markets Initiative's role in bringing together potential project sponsors and potential investors forms part of its not-for-profit activities and does not have a commercial objective. This opportunity is directed only at investment professionals and high net worth companies, each as defined in the Financial Services and Markets Act (Financial Promotion) Order 2005.