AGRICULTURE AND DEVELOPMENT: INTERNATIONAL FUND FOR AGRICULTURAL DEVELOPMENT (IFAD). Muhammad Daaniyall bin Abd Rahman133539 Mohd Faizal bin Abdullah133575 Muhammad Hamdi bin Amir Hamzah133301 Ainih binti Md Yusof131236 Nor Ashikin binti Mohd Mokhtar131861
International Fund for Agricultural Development
The International Fund for Agricultural Development (IFAD), a specialized agency of the United Nations, was established as an international financial institution in 1977 as one of the major outcomes of the 1974 World Food Conference.
IFAD is dedicated to eradicate rural poverty in developing countries.
IFAD's goal is to empower poor rural women and men in developing countries to achieve higher incomes and improved food security.
We have highlighted 4 major issues:
Since the end of World War II, the public sector of developed countries has helped transfer agricultural technologies to developing countries. During this period, most developing countries in Latin America and Africa, as well as some countries in Asia (like India and Thailand), have depended heavily on agricultural production to support their economies. So general development activities were often aimed at modernizing the agricultural sector.
Technology had change since Technologies have become embodied in physical products, like farm machinery or agrochemicals. Exponential growth in such industries has led to a rapid expansion of private firms that create, manufacture and sell technology. Private firms have also seen opportunities to profit by using complex seed improvement research to create and then distribute new crop hybrids. And so, the role of the public sector has also had to change.
After World War II, the United States began a number of initiatives to build up agricultural science in developing countries and help transfer technology.
Technologies that exist as marketable products, like seeds, agrochemicals and agricultural machinery, have grown quickly.
This has, in turn, fuelled private investment in agricultural research and technology, particularly by international corporations that benefit from economies of scale, and have access to world markets. But research activities in the private sector have limited scope.
Boosting farmer profit trough better links to market
Poor farmers in Tanzania are using modern information and communication technologies like mobile phones and even the Internet to get access to market information, and to learn how to build better and more collaborative market chains from producer to consumer.
Trading commodities via SMS
Lack of access to reliable and up-to-date market price information is a serious problem for smallholder farmers across Africa. Without this information, they are vulnerable to unscrupulous traders giving them prices at below-market rates. Furthermore, they are reluctant to diversify into different cash crops for fear of not finding a profitable market for their output
1.Reducing rural poverty
- diversified their farming activities.
- improving the productivity of land.
2.Creating business opportunities
- domestic markets :
- dairy farming in Kenya
- aquaculture in Bangladesh
- vegetables for supermarkets in Latin America.
- international markets :
- coffee in Rwanda
- horticulture in Chile
- 85% of the developing worlds’ fresh water withdrawal and 42% of its lands.
- managing watershed and reducing deforestation.