The Korea National University of Agriculture and Fisheries (KNUAF)'s innovative program is helping South Korea overcome issues relating to its ageing rural population while simultaneously developing elite human resources to establish and promote a highly competent agriculture sector. Since its inception, the KNUAF has been producing young highly competent professionals to manage its high tech agriculture either as entrepreneurs or farm managers.
In order to bring about sustainable transformation and business orientation into the Indian Agriculture sector, there have been schematic interventions to promote unique forms of social capital for farmers, called Farmer Producer organizations (FPOs). Many stakeholders, particularly NGOs, are involved in promoting and handholding these FPOs in a target-driven mode by promoting a large number of such institutions across the country.
India is witnessing dwindling gains from agriculture for the smallholder farmers because of high cost of inputs, changing climate impacting production, fluctuating market prices of outputs, and weak delivery of services at the last mile. The value share of farmers in the commodity supply chain needs to be increased to ensure that farming remains a remunerative livelihood option. There has to be a wider acceptance of the fact that the country needs partnerships among multiple players with complementary knowledge and expertise for its agricultural development.
The Commission on Sustainable Agriculture Intensification (CoSAI) and the Foreign, Commonwealth and Development Office (FCDO) jointly commissioned a gap study to determine how far away innovation investment is from helping agri-food systems achieve zero hunger goals and the Paris Agreement while reducing impacts on water resources in the Global South. The results show that the world can come much closer with some well-placed investments.
Considering the new opportunities that ICT innovations bring to improve performance of financial and extension services, this study looks at the potential contribution of financial and extension services to the Sustainable Development Goals (SDGs). The approach used extends the standard Data Envelopment Analysis (DEA) model to include longer-term management goals and find a solution that balances the efficient use of innovation investments and the achievement of policy goals, making this approach well suited for the analysis of the SDGs.
A range of approaches and financial instruments have been used to stimulate and support innovation in agriculture and resolve interlocking constraints for uptake at scale. These include innovation platforms, results-based payments, value chain approaches, grants and prizes, incubators, participatory work with farmer networks, and many more.
Innovation for sustainable agricultural intensification (SAI) is challenging. Changing agricultural systems at scale normally means working with partners at different levels to make changes in policies and social institutions, along with technical practices. This study extracts lessons for practitioners and investors in innovation in SAI, based on concrete examples, to guide future investment.
A huge increase in investment in innovation for agricultural systems is critical to meet the Sustainable Development Goals and Paris Climate Agreement. Most of this increase needs to come from reorienting existing funding for innovation. However, understanding whether an investment will fully promote environmentally sustainable and equitable agri-food systems can be difficult.
Finance is a key lever for turning agriculture from a potential source of environmental harm and social inequity to a driver of conservation and social inclusiveness. Private and public sector funding for farmers to combat climate change and protect and restore nature (‘Paying for Nature’) is rapidly increasing. Yet this new funding may not reach its aims without drastically improving farm-level reward mechanisms.