Inclusive agribusiness under climate change: a brief review of the role of finance

Remco Oostendorp, Marcel van Asseldonk, John Gathiaka, Richard Mulwa, Maren Radeny, John Recha, Cor Wattel, Lia van Wesenbeeck

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Abstract

Inclusive agribusiness models aim at benefitting broad layers of the farming population in developing countries, not only farmers in well-structured value chains, but also (remote) subsistence smallholders producing for local markets. Under climate change, inclusive business models also need to be made climate-smart to increase the farmers’ resilience. In this paper we provide a brief review of the role of inclusive finance as an inherent as well as synergetic component of inclusive agribusiness models. Financial institutions have difficulty in reaching out to remote smallholders, and community-based organizations often lack capacity to upscale financial services. This limits many farmers in their capability to deal with increasing climate risks. Closing this finance gap requires innovations in delivery models, and in financial products and services. Developing such adapted products requires better insight into the financial lives of smallholders, particularly under climate change, for instance from further research into climate-smart financial diaries.

Original languageEnglish
Pages (from-to)18-22
Number of pages5
JournalCurrent Opinion in Environmental Sustainability
Volume41
Early online date1 Nov 2019
DOIs
Publication statusPublished - Dec 2019

Funding

This article is part of the NWO-CCAFS research project ‘Climate-Smart Financial Diaries for Scaling in the Nyando Basin, Kenya’. The research project benefits from support of NWO ’s Food and Business Global Challenges Programme and the CGIAR Research Program on Climate Change, Agriculture and Food Security (CCAFS) [ 33 ]. It is carried out with support from CGIAR Fund Donors and through bilateral funding agreements. For details please visit https://ccafs.cgiar.org/donors . The views expressed in this document cannot be taken to reflect the official opinions of these organizations.

FundersFunder number
CCAFS
CGIAR
CGIAR Fund Donors and
Climate Change, Agriculture and Food Security
NWO ’s Food and Business Global Challenges Programme
NWO-CCAFS
Nederlandse Organisatie voor Wetenschappelijk Onderzoek

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