Business
Small holder farmers are the solution to poverty — UNPublish Date: Feb 21, 2014
Small holder farmers are the solution to poverty — UN
  • mail
  • img
Supporting smallholder agriculture breaks the vicious cycle of poverty while preserving scarce natural resources
newvision

By Vision Reporter

The UN agricultural development fund has been asked to focus more on promoting small holder farmers to reduce poverty. The call was made during the 37th session of the Governing Counsel of IFAD in Rome.


Fabrizio Saccomanni, the Italian minister for economy and finance, asserted that ensuring small holder family farmers have adequate access to credit and investment is of paramount importance for poverty reduction.

Speaking to international policy makers, farmer leaders and private sector representatives, Saccomanni said that while some progress had been made, much remains to be done to eliminate hunger and poverty.

“The challenges ahead require a radical increase in agricultural productivity, but this has to be pursued in a sustainable way,” he said.

“Supporting smallholder agriculture is the way-out, as evidence and research show; it breaks the vicious cycle of poverty while preserving scarce natural resources.”

IFAD is a specialised UN agency and international financial institution that provides investment funding aimed at creating a route out of poverty for rural people in developing countries, most of which are involved in Agriculture.

Uganda is one of the developing countries where 67% of the population is said to be vulnerable to poverty with about a third of that number living under poverty line. The 2012 expenditure review said that 92% of the poor live in rural areas and overall 89% of the country’s estimated 36m people are classified as rural.

The country’s mainstay is agriculture, but most of the farmers are subsistence farmers, whose livelihoods are threatened by the changing climate and lack of assistance to mitigate increasing loss of soil fertility and droughts.

In his statement, Abdullah Jummah Al-Shibli, Assistant Secretary-General for Economic Affairs of the Cooperation Council for the Arab States of the Gulf Cooperation Council (GCC) underscored that farming families are important for socio-economic development and stability.

Women have a particular role to play in food security and through their empowerment, poverty can be eradicated, he emphasized

IFAD President, Kanayo Nwanze, welcomed farmers’ representatives and delegates from IFAD’s 173 Member States, including its newest member, the Russian Federation, which announced its commitment to support the replenishment of IFAD’s resources.

In his speech, Nwanze stated that today agriculture has an unprecedented potential to drive economic development and inclusive growth.
 

The statements, comments, or opinions expressed through the use of New Vision Online are those of their respective authors, who are solely responsible for them, and do not necessarily represent the views held by the staff and management of New Vision Online.

New Vision Online reserves the right to moderate, publish or delete a post without warning or consultation with the author.Find out why we moderate comments. For any questions please contact digital@newvision.co.ug

  • mail
  • img
blog comments powered by Disqus
Also In This Section
Gov’t allocates sh10b for tarmacking roads
GOVERNMENT has earmarked sh10b for the tarmacking of roads intended to enhance commerce, reduce dust and facilitate mobility in 26 town councils...
Local govt asked to participate in alternative energy planning
Ministry of energy officials and experts from GIZ have urged local government leaders to participate in developing affordable and efficient sources of energy at district level to light up districts instead of the long waiting for the central government to do for them what they can do themselves....
Central Bank begins financial literacy campaign in schools
Bank of Uganda has started a campaign to boost people’s understanding of economic issues affecting them so that they can identify opportunities to exploit....
Shipping firm chief accountant charged in MTN $3.8m fraud
The chief finance officer of Three Ways Shipping Company has been charged with embezzling $3.8m (about sh10b), belonging to telecom company MTN....
Kabila fires CEO of state miner Gecamines for "gross negligence"
Democratic Republic of Congo's President Joseph Kabila has fired the chief executive of the country's state mining company Gecamines for "gross negligence", according to a presidential decree read out on the state television channel....
Nissan says April-June net profit jumps 37% on-year to $1.1 bn
Nissan said Monday that net profit for the April-June quarter soared 37 percent to $1.1 billion, crediting robust overseas demand that offset weaker sales at home....
Should voters be given poer to recall their MPs?
Yes
No
Can't Say
follow us
subscribe to our news letter