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PARM Annual Report 2017: progress towards boosting investments and improving the resilience of smallholder farmers

04.06.2018

The Platform for Agricultural Risk Management (PARM) has a mandate to sustainably enhance growth, boost investments, and improve the resilience of smallholder farmers. The year 2017-2018 represents a crucial year for PARM as it approaches the completion of its first phase.

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The 2017 Annual Report was published on 1st June 2018. The report confirms that the Platform is increasingly being recognized as the main global reference point for methodology, policy process and delivery of solutions for Agricultural Risk Management (ARM). Notably, the year 2017 was very fulfilling as PARM received recognition in several strategic documents of the G20, G7 and the United Nations SDGs Partnership Exchange. It also finalized the agreement with World Bank to hand over the FARMD knowledge platform.

At the country level, PARM developed new locally adapted ARM tools such as the Plant Health Monitoring and Control in Uganda and Warehouse Receipts and Future Contracts in Niger. It also dialogued with stakeholders on the integration of the tools into projects and programmes implementation in the respective countries.

The report highlights that PARM;

  • Brought evidence to improving risk perception through robust, participatory and holistic assessment of agricultural risks in respective countries. So far, PARM has carried out risk assessment studies (RAS) in 7 countries (Uganda, Ethiopia, Niger, Senegal, Cabo Verde, Cameroon, and Liberia) and finalized the second phase on risk assessment with national validation workshops in each respective countries.
  • Increased stakeholders’ awareness on ARM. PARM has developed local and global expertise for managing agricultural risks through country and regional level capacity development training organized with the respective countries’ governmental bodies, educational/research institutions, and regional level agencies as well as high-level workshops at the head office.
  • Identified agricultural risks priorities and risk management tools in most of the countries. Through collaborative efforts with key strategic partners, the Platform identified relevant ARM tools to manage risks in 6 countries, including crop pests and diseases, finance and information risks in Uganda, commodity storage risk in Niger and market risk in Cabo Verde.
  • Strengthened its mission of providing a global to local platform and partnerships for agricultural risk management. For instance, the Platform was presented at the G20 Agriculture Ministers Meeting Communiqué (held in Xi’an, 3 June 2016), and in the G20 Action Plan on the 2030 Agenda for Sustainable Development (of the Hangzhou Summit, 4-5 September 2016). By July 2017, PARM was requested to report back to the G20 under the Argentinian Presidency and in October it became the subject of the G7 Agriculture Ministers’ Meetings under the Italian Presidency.

PARM expresses sincere thanks to all its partners and donors for contributing to the numerous achievements in 2017. The Platform looks forward to a fulfilling 2018 as it is progressing to finalizing the phase one. Meanwhile, PARM will continue to enhance actions to increase the G7-G20 Development Working Group’s commitments on ARM, and complete the PARM processes in all countries by the end of 2018.

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PARM Annual Report 2017