Developing countries alone need approximately $212 billion per year by 2030 to adapt to increasingly inhospitable growing conditions in agriculture. The adaptation project pipeline is lacking, with unclear financial incentives for the world’s Smallholder Farmers (SHFs), who contribute to one-third of the world’s food supply.
The positive news is that corporations have made adaptation investments, predominantly through their venture arms, contributing $1.1 billion in funding—nearly 20% of the total $5.7 billion in adaptation agrifoodtech funding—across 85 deals.
Source: Agfunder
