Business
Small holder farmers are the solution to poverty — UN
Publish Date: Feb 21, 2014
Small holder farmers are the solution to poverty — UN
Supporting smallholder agriculture breaks the vicious cycle of poverty while preserving scarce natural resources
  • mail
  • img
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
BATU ends tobacco leaf business
British American Tobacco Uganda (BATU) will discontinue its leaf growing and export business after 86 years with a new player set to enter the market at the end of the year....
Police close illegal micro finance; over sh20m in savings lost
Police in Njeru Town Council has closed an illegal micro finance bank over defrauding unsuspecting members of the public over sh20m...
More oil resources found in Albert region
The Petroleum Exploration and Production Department has said that the oil resource confirmed is now 6.5 billion barrels from the fields studied....
Chinese firm CHEC given $8bn railway deal
The Government has finally given away the giant and lucrative deal to upgrade and expand Uganda’s railway network to standard gauge to a Chinese firm....
Tourism industry goes professional
IN a bid to make Uganda a preferred destination for tourists, the Ministry of Tourism is in advanced stages of professionalizing the chain of service...
Providers to pay PPDA fees online
COMPANIES that register with PPDA are all listed in the RoP. Hitherto, providers were paying fees exclusively through commercial banks...
Do you think banning the sale of single cigarette sticks will help regulate tobacco production?
yes
No
Can't Say
follow us
subscribe to our news letter