Scaling private sector investment in the digital agriculture landscape across low- and middle- income countries
Feb 17 2022
In January, Digital Agri Hub organised the first in a series of webinars designed to help accelerate private sector investment in digitalisation for agriculture (D4Ag) solutions. The event offered an opportunity for a peer-to-peer conversation among seasoned impact investors, analysing the current landscape, together with the financing gaps and solutions required to increase the pace of investments. The conversations focused on the scaleability of the solutions provided, as well as opportunities for incentivising behavioural change in small-scale producers through Digital Climate Advisory Services (DCAS). Also, under discussion was the scope for investing in smart farming to generate impact beyond yield improvement. The event was well attended with more than 150 participants, including investors who shared valuable insights during panels and presentations.
The world’s 600 million small-scale producers are critical to food and nutrition security for billions of people globally; in most low- and middle-income countries (LMICs), agriculture is the largest employer and the principle source of income and livelihoods. Small-scale producers face a range of challenges, including low crop and livestock productivity, limited information on the most appropriate agronomic practices for their particular context, inadequate access to inputs at affordable prices, limited collateral to access finance and invest in upgrading their practices and limited, if any, linkages to markets. In addition, women and other marginalised groups, including people with disabilities and those with low literacy levels, are subject to particular constraints in accessing sources to improve their productivity and adaptive capacity.