IDH Farmfit is a program developed to promote inclusive and innovative smallholder agricultural investments. As part of this program, IDH Farmfit is using data to support smallholder farmers and help them increase their productivity, income, and resilience. One way that IDH Farmfit is using data is by collecting and analyzing information on smallholder farming practices, access to resources and markets, and other relevant factors. This data is used to understand the needs and challenges of smallholder farmers and identify potential areas for investment and intervention. IDH Farmfit is also using data to assess the feasibility and potential impact of different investment scenarios, including the expected increase in productivity, income, and resilience for smallholder farmers.
Recently, the organisation hosted a learning event dubbed “Learning into practice: New data-driven paradigm for inclusive agricultural development” whose aim was to explore and discuss with peers what IDH’s data (of over 2 million data points across 120 inclusive businesses, 20 countries and 25 value chains) and the collective experience of partners, investees and industry colleagues say about what drives business model performance for both companies and farmers, and what this means to how sector stakeholders invest on and engage with inclusive business models.
IDH Farmfit is also using data to monitor and evaluate the progress and impact of its smallholder agricultural investments. By collecting and analyzing data on the performance and impact of these investments over time, the organisation can assess the effectiveness of its interventions and make adjustments as needed. This data is also used to identify and address any unintended consequences of the investments, such as negative impacts on the environment or the exclusion of certain groups of smallholder farmers.
In addition to using data to support smallholder farmers, IDH is also using data to facilitate the sharing of knowledge and best practices among smallholder farmers and other stakeholders. By collecting and disseminating data on the successes and challenges of smallholder agricultural investments, it helps smallholder farmers learn from each other and adopt more innovative and sustainable practices. Data is also used to identify opportunities for collaboration and partnerships between smallholder farmers and other stakeholders, such as agribusinesses, NGOs, and research institutions.
Overall, IDH Farmfit is using data to promote inclusive and innovative smallholder agricultural investments by collecting and analyzing information on smallholder needs and challenges, assessing the feasibility and potential impact of different investment scenarios, monitoring and evaluating the progress and impact of investments, and facilitating the sharing of knowledge and best practices. By leveraging the power of data, IDH Farmfit is helping smallholder farmers increase their productivity, income, and resilience, and contribute to more sustainable and inclusive agricultural systems.