The research presents an overview of the possibilities and challenges of using geo-data and ICTs to improve agricultural production and access to finance for smallholder farmers.
NpM, the Platform for Inclusive Finance of which ICCO is a member, has presented the research 'Geodata and ICT Solutions for Inclusive Finance and Food Security'. The research is carried out by ICCO Terrafina Microfinance and Fair & Sustainable Advisory Services.
Geo-data to boost smallholder’s production
In light of a growing demand for food, smallholder farmers are crucial in supplying the world with sufficient food. Besides access to finance, smallholder farmers need more and better information for their farming decisions. This could improve agricultural production and market access, ultimately increasing their incomes and food security. The innovations we see today have a huge potential to improve agriculture and access to finance. Geo-data and information and communication technologies (ICTs) such as geographic information systems, drones, and cloud computing are now being used to boost smallholder’s production and their income.
Geo for Agriculture and Water
From the research, it becomes clear that innovative partnerships are required. This is especially shown in the Geo for Agriculture and Water (G4AW) programme. ICCO has two projects running under the G4AW programme, GREENCoffee in Vietnam and SMARTSeeds in Indonesia.