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Agriculture

Agriculture

About 100 Million Farmers (100MF)

16 Jun 2024 Zinkpot 1125
About 100 Million Farmers (100MF)

WHAT IS IT?

 

The "100 Million Farmers" initiative is a World Economic Forum initiative aimed at accelerating the transition to net-zero, nature-positive food and water systems by reaching out to 100 million farmers. It focuses on unlocking transformative finance, data innovation, and policy change to create a tipping point for sustainable agricultural practices. It aims to reach 100 million farmers and a billion consumers by 2030. 

 

100 Million Farmers is a multistakeholder platform catalysing action towards net-zero and nature-positive food systems by 2030. It supports local solutions that incentivize farmers and empower consumers to place climate, nature and resilience at the core of the food economy. 100 Million Farmers works to identify transformative agricultureand finance pathways to incentivize conservation agriculture.


 

100MF works to bridge the knowledge gap on why and how soil matters, focusing on science-based solutions that foster better and more efficient implementation, on-farm management, policy-making, partnerships for healthy soils. 100 Million Farmers supports a global agenda for the adoption of regenerative agriculture and climate adaptation practices at the farm level.

 

WHY?

 

Individual farmers face many barriers – particularly economic risks – when adopting more sustainable production practices, technologies and inputs. 100MF seeks to accelerate the transition by proposing a clear roadmap for more effective collective action and finding breakthrough models of financing and collaboration to support farmers. 

 

While agriculture is responsible for approximately 33% of greenhouse gas (GHG) emissions, 80% of tropical deforestation, and 70% of global fresh water extraction, it can be transformed into a key solution for fighting and adapting to climate change. Ambitious and integrated action across sectors is needed to rebuild the food and agriculture economy with climate and nature. Therefore there is an initiative of 100 Million farmers by World Economic Forum (WEF).

 

Food systems generate  approximately 1/3 of global greenhouse gas emissions, yet it only receives less than 4% of climate finance. However, farmer finance has the potential to generate $4.5 Trillion in new market opportunities each year and 20% emissions reduction needed to reach 2050 Paris climate goals.

 

95% of our food supply relies on healthy soils, yet nearly 1/3 of agricultural land globally is degraded. Understanding the components of healthy soil, including stored organic carbon, nutrient density, biodiversity and water retention will transform the food system into a carbon sink rather than an emitter.

 

 

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