The Platform for Agricultural Risk Management (PARM) will be launched today at the headquarters of the
Smallholder farmers in developing countries face a variety of risks on a daily basis, from unpredictable weather to erratic market prices. Most do not have access to risk management instruments, such as insurance, that are available to farmers in developed countries.
In recent years, high risk exposure to climatic events in agriculture has been on the political agenda of both industrialized and developing nations. PARM aims to identify, assess, and quantify agricultural risks in partner countries and develop strategies to tackle those risks which can then be incorporated into policies and investment plans of partner countries. It will also work to increase the knowledge of all stakeholders on agricultural risk management and foster a better exchange of experience between all practitioners. PARM will also endeavour to improve the collaboration between public and private sectors and academia, to create strong public-private partnerships.
Through the Comprehensive Africa Agriculture Development Programme (CAADP), African countries are spearheading higher investment in agriculture and food security.NEPAD is a strategic partner of PARM which will focus on those African countries where the commitment of policymakers is strongest.
IFAD focuses on agricultural development, food and nutritional security and rural poverty reduction. Agricultural risk management is a central element of many IFAD-supported programmes and projects, and has synergies with other IFAD initiatives, such as the Adaptation for Smallholder Agriculture Programme and the IFAD-WFP Weather Risk Management Facility.
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