Agribusiness is crucial to food security in Asia and the Pacific, which will need to boost its food production systems by 70% to feed 5.2 billion people by 2030. In particular, inclusive business firms engaging smallholder farmers are making waves. A 2015 report from Hystra noted how inclusive business firms that work with smallholders help increase the income and livelihoods of farmers through sourcing produce from them or selling products to them.
These companies share technology to boost yields, make smallholders less risk-averse in terms of new business models, reward ‘early adopters,’ and integrate farmers them into the value chain. Governments are also becoming increasingly aware of the importance of enabling the environment for inclusive business companies, especially in agribusiness. ADB has assisted the Government of the Philippines in piloting an inclusive business accreditation system. — blogs.adb.org/blog