Bayer joins alliance for Better Life Farming 24th April 2018
Bayer, International Finance Corporation (IFC, a member of the World Bank Group), Netafim, and Swiss Re Corporate Solutions, have launched a global alliance, Better Life Farming, to provide holistic and innovative solutions for smallholder farmers in the developing world to enable them to grow their farms into sustainable businesses.
Together with multiple partners, the alliance will offer a comprehensive approach that covers planting seeds, precision irrigation, crop protection, finance and insurance – all tailored to the specific local and cultural needs of those who farm less than two hectares of land. About 450 million smallholders around the world are vulnerable to multiple challenges – lack of finance, adverse climate impacts, water scarcity, pests and crop diseases, rural migration, fluctuating commodity prices, and regulatory barriers – and realise only a fraction of their potential productivity. By connecting global expertise with local insights and partners, and providing advanced agronomic solutions, the alliance aims to help farmers realise their potential by farming not just to survive, but rather to thrive as a business focused on sustainability.
“We need a global step-change in innovation, collaboration and creativity to help farmers across the world grow more healthy, safe and affordable food in a more sustainable way,” Liam Condon, President of Bayer’s Crop Science division, said yesterday at the formal launch in Washington. “Better Life Farming is a great example of how a collective effort and commitment to innovation, sustainability and social responsibility can contribute to a better life, not only for smallholder farmers and their families, but also for their local communities.”
Sérgio Pimenta, IFC Vice President for Middle East and Africa explains: “IFC is pursuing an ecosystem approach to supporting smallholder farmers along all aspects of the value chain. This means bringing together input suppliers, financiers and off-takers along with training for business skills and agronomic practices through a relationship that is sustainable, mutually beneficial and reinforced by a conducive business environment.”
“Through the Better Life Farming initiative, we can protect even more smallholder farmers from existential threats like droughts, hail, floods and adverse weather. By offering financial compensation for crop shortfalls and income losses, crop insurance can help farmers to rebound quickly after a natural disaster – and continue growing their farming businesses and providing for their families” adds Agostino Galvagni, Chief Executive Officer for Swiss Re Corporate Solutions.
Rain Maidan, Chief Executive Officer of Netafim said: “This alliance aims to offer solutions to our most urgent global challenges, such as the growing demand for food and scarcity of water. By using precision irrigation, and other advanced farming practices the alliance brings, smallholder farmers can significantly increase their yields, reduce their vulnerability to weather changes and ensure economic growth.”
The alliance aims to help ensure more safe, nutritious and affordable food for the growing world population, advancing the United Nations Sustainable Development Goal of ‘ending hunger, achieving food security and improved nutrition, and promoting sustainable agriculture.’ The efficient use of available resources, such as water, fertilizer, and energy, will empower growers to produce more high quality crops, generate higher incomes, and make farming attractive for future generations so that rural communities can thrive.