IDH Farmfit is a game changing private-public initiative to break the cycle of rural poverty. By providing data, insights and de-risking finance to banks and businesses, IDH Farmfit unlocks investment in smallholder agriculture that are now perceived too risky.
The 30M EUR IDH Farmfit Business Support is funded by the UK Department for International Development and the Bill & Melinda Gates Foundation. The 100M EUR IDH Farmfit Fund is backed by the Dutch government. multiple companies and a US treasury guarantee.
Lofa, where we work in Foya, used to be regarded as the breadbasket for Liberia. They used to produce large volumes of rice, year in year out, and everybody knew them for the volume of rice coming out of that region. The lowlands were developed with canals, dams, everything needed to store water throughout the year. They were able to farm and harvest three times a year. However, after forty years of civil war, total disrepair and lack of maintenance, those dams could no longer function properly and the canals were all closing up.
A couple of weeks ago my Brazilian colleague Daniella Mariuzzo ventured out to a supermarket for the first time in 18 months. With a mixture of trepidation and elation she left the safety of her family bubble to purchase one of the first packs of verified 100% deforestation-free Brazilian Beef from a Carrefour store in Sao Paulo. It was a big moment for both the Brazilian cattle sector and for all of us who want to stop illegal deforestation in the Amazon.
Local farmers, landowning communities, county officials, investors and nongovernmental organizations are implementing an agreement to combat climate change, tackle deforestation, improve food security, and strengthen land tenure and governance in Foya District, Lofa County, Liberia – all at the same time.
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