| | | This week IFDC’s blog
series, Six
Pieces of the Innovation Puzzle, turns our
attention to increasing
farmer profits.
The world reached the
first Millennium Development Goal target (halving poverty by 2015) five years ahead of
schedule. However, the number of people in extreme poverty remains at 17 percent in developing
countries.
Strengthening farmer
income reduces poverty rates. Just a one percent annual increase in
agricultural investment leads to a 2.7
percent rise in incomes.
Public-private
partnerships can create significant economic gains for farmers. An IFDC
partnership in Rwanda links cassava farmers to a competitive market. This effort
will generate a total of $5 million in extra income for farmers.
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