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Globally, smallholders need an additional $170 billion for their livelihoods, according to the most recent Rural and Agricultural Finance State of the Sector Report. Advanced production or value-add processing represents a promising pathway for smallholders to transition from a state of subsistence to wealth generation. While financing options are often available for expensive, high-tech solutions, such as solar-powered irrigation systems or maize millers, the monthly repayments are too costly for subsistence farmers. In fact, there are still low-cost, low-tech solutions, such as cycle-powered tools or treadle pumps, where monthly repayments are much more affordable for subsistence farmers. Yet, foreign investment has shifted to financing the research, development, and distribution of high-tech solutions - has this come at the expense of subsistence farmers? Or, have subsistence farmers lost interest in low-cost, low-tech solutions?
In this session we will explore the benefits and challenges of financing high-tech versus low-tech solutions for subsistence farmers.
Registration for this event is now closed.