Smallholder farmers AGRA to unlock income opportunities for African farmers

The Consortium members include Bayer, GrowAfrica, the International Finance Corporation, Rabobank, Syngenta, the World Food Programme and Yara International.

  • Published: , Refreshed:
Photo Credit: AGRA play

Photo Credit: AGRA

24/7 Live - Subscribe to the Pulse Newsletter!

The Alliance for a Green Revolution in Africa (AGRA), has announced a new initiative,  the Patient Procurement Platform, with a consortium to unlock income opportunities for smallholder farmers in the developing world during the World Economic Forum in Davos.

The consortium members include Bayer, GrowAfrica, the International Finance Corporation, Rabobank, Syngenta, the World Food Programme and Yara International.

In a blogpost, AGRA said its participation in the partnership is part of its "broader effort to harness the power of private sector ventures to become a force for social change for Africa’s smallholder farmers."

"The Patient Procurement Platform complements and helps expand AGRA’s existing work with African governments and organizations, including small-to-medium sized enterprises and farmers organizations."

"It facilitates access to fair harvest contracts before planting begins, helps farmers obtain the agricultural inputs they need to increase yields, and offers other support, including trainings from consortium members and other providers."

AGRA also said the partnership provides great opportunities for farmers to increase their income and boost food security through planting and harvesting.

“We are excited to be part of this new partnership with the World Food Program because we are committed to making markets and financial systems work for the benefit of African farmers,” said AGRA President Dr. Agnes Kalibata.

“The initiative is attractive to us because it’s trying to build an inclusive business model that places the welfare and success of Africa’s smallholder farmers at the center.”


The platform aims to engage 1.5 million farmers across 25 countries with US$750 million in contracts from a wide array of local, regional, and international buyers over the next three years.

 

Do you ever witness news or have a story that should be featured on Pulse Ghana?
Submit your stories, pictures and videos to us now via WhatsApp: +233507713497, Social Media @pulseghana: #PulseEyewitness & DM or Email: eyewitness@pulse.com.gh.

Recommended Articles

Recommended Videos




Top Articles

1 Salaries In 2018 Here are the dates public workers will be paid in 2018bullet
2 In Singapore Government to pay bonus to all citizens after surplus budgetbullet
3 David Ampofo Writes Is Ghana's cashew another cocoa?bullet
4 Taxes In Ghana 3% VAT flat rate takes off in July 1bullet
5 Retirement How to calculate your SSNIT pensionbullet
6 Youth in Sanitation module YEA calls for more companies to...bullet
7 Collapsed Banks Assets of UT Bank and Capital Bank for salebullet
8 In Accra Susu collectors give gov’t 1 week ultimatum to...bullet
9 Excise Tax Stamp Act Gov’t threatens to sanction...bullet
10 Menzgold Ghana Don't deposit money with Menzgold – BoG...bullet

Top Videos

1 New Discovery Ghana discovers new mineral, lithium in commercial quantitiesbullet
2 Forbes 2018 Africa's billionaires rich listbullet
3 Money Alert Meet Africa's richest womanbullet
4 Support Finance minister buys Kantanka carbullet
5 Dr Joseph Siaw Agyepong Nobody can collapse my company – JOSPONGbullet
6 Plane Crash Starbow suspends operations following plane crashbullet
7 Bozoma Saint John 10 quotes from Uber top official, Bozoma,...bullet
8 MTN Mobile Money Adbullet
9 Entrepreneurship How To Get Ready To Get Started |...bullet
10 Tech 6 reasons you should buy an iPhone SE instead of...bullet

Business