It is time to rethink how we address poverty. Inclusive business and partnering with the private sector is an integral way to alleviate poverty, create employment and increase access to important goods and services.
One-third of the world’s 7.3 billion people are smallholder farmers. These people are some of the poorest on earth. About 90% of farmers lack strong, consistent relationships with buyers, and access to finance, inputs, agronomic training and other support. Finding solutions for these farmers means finding solutions that engage one-third of humanity in addressing food security, climate stability, biodiversity conservation and rural employment.
Business for Development are channelling markets to support this underserved, marginalised population and focus on the creation of increased income earning opportunities in partnership with governments, business, investors, multilaterals, communities and NGO’s.
Experts are telling us there will be two billion more people by 2050, but there is not enough food to feed this increased population if we stay at current production levels. As a result we will need to produce more food using fewer environmental resources while reinvigorating rural economies. Having reached the limit of arable land worldwide, our only option is to figure out how to increase yields on land already being cultivated. Given that more than half of all farmland is cultivated by smallholder farmers, they are increasingly seen as the solution for transforming the way the world manages the new global food and agribusiness paradigm.
Everyone deserves a chance to succeed. By 2025 we have the vision to put over 500,000 smallholder farmers on the pathway to exit extreme poverty.