The world’s population is growing at a rapid pace since 1950’s and is estimated to reach 9 billion by 2050. That’s almost a 7 billion increase in just 100 years. The rapid increase has been putting a lot of pressure on the existing resources. Over the years, agriculture production has increased effectively and there is enough food for everyone, yet approximately a billion people go to bed hungry every day. As climate change imposes threats to agricultural production, climate smart agriculture is the way forward to tackle food security and climate change challenges in the years to come. Innovative Financial Advisors Pvt. Ltd. believes that agriculture and allied sectors are crucial for food security and rural livelihood, apart from essential products such as energy, fiber and feed among others.
The approach towards achieving food security and agricultural development is focused on increasing agricultural productivity and income, enhancing resilience of livelihood and ecosystem, and reduction of green house emissions. Innovative Financial Advisors Pvt. Ltd. understands that India needs to focus on the interaction between environmental features, land use patterns and man-made objects. Along with this, there should be provision of landscape functions for society and costs of maintaining and enhancing landscape value. Besides implementing modern agricultural practices, it is crucial to combine forestry, fisheries, animal husbandry to reduce the impacts on climate change. In India, majority of the people are dependent on agriculture and allied sectors for their livelihood and institutional and financial support. There must be provisions for the farmers, fishers and forest dwellers for transition to climate smart agriculture.
Innovative Financial Advisors Pvt. Ltd. complaints some of the climate smart approaches already exist and there is a need to scale them up. However, this can only happen once there is a provision for creation of knowledge base and effective dissemination of information. Technological advancement and agricultural skill development are crucial for increasing the overall productivity. India’s agricultural productivity per hectare is way lower than countries such as China, US and Australia. India is home to 25 per cent of the world’s undernourished people. Ironically, global agricultural produce is more than enough to feed the entire 7.3 billion people, yet more than a billion people go to bed hungry every day. One of the reasons for this dichotomy is food wastage. It is one of the biggest parasites of the 21st century.
Therefore, to ensure a food-secure world, investments in climate smart agriculture and reduction in food wastage from farm to fork is the need of the hour. Innovative Financial Advisors Pvt. Ltd. urges the corporations to invest in climate smart agriculture through their CSR programmes and CSR livelihood projects. Linking financial services from private sectors and incorporation of the sustainable development goals in climate-smart-agriculture initiatives will be beneficial in the years to come. The organic approach will be crucial for land restoration, and organic products will fetch higher price than inorganic ones in international market. Assistance by corporations through their C SR grant for Infrastructural development in rural areas to help curb wastage will be a win-win situation for both consumers and producers. With these approaches, we can make the world food secure and also tackle climate change.
“There are people in the world so hungry, that God cannot appear to them except in the form of bread.”― Mahatma Gandhi
Media Team – Innovative Financial Advisors Pvt. Ltd.