People want to know how their food is being made these days. Interest for food transparency has also picked up recently. As a result, sustainable farming gets more spotlight now more than ever.
Rabobank and the United Nations have entered a deal worth $1 billion to support sustainable farming. The focus is on food practices and how food travels from the farm to the kitchen to our kitchen and dining table. Rabobank and the United Nations had to split the bill to finance sustainable farming but in the end, decided it was worth it.
There are risks involved. Sustainable practices are not cheap and the yield could potentially be lower but in the long run, it would help boost food security. Changing the mindset of farmers to adopt new methods prove to be a bigger challenge. The $1 billion fund would hopefully ease the transition from conventional farming to sustainable farming.
“We have to incentivize farmers to change their practices,” claims Rabobank’s Berry Marttin. Rabobank plans to spread the budget to include grants, affordable loans, and insurance products. The bank started a project in Brazil about soil productivity, and it successfully convinced farmers to stop deforestation.
Meanwhile, food giants Mars Inc. and Mondelez International Inc. have pledged more transparency in their supply chains and to provide healthier options than traditional packaged food.
The three-year program called the Kickstart Food initiative will focus on four areas: Earth, waste, stability, and nutrition. The Earth area involves setting up facilities which will boost environmentally sound food production. On the other hand, the waste program will feature waste reduction in the food chain to make it more efficient. Stability will handle resilient food and agricultural sector while nutrition program will make sure of a balanced diet for everyone.
The threat of overpopulation is real. The world’s population is about to reach 9 billion. Climate change has affected food production and the remaining part of healthy soil suitable for agriculture has decreased. The general aim is to increase global food production by as much as 60 percent by 2050.
Per Conserve Energy Future, sustainable farming has five advantages:
- Environment Preservation
- Economic Profitability
- Most efficient use of non-renewable resources
- Protection of Public Health
- Social and Economic Equity
In a basic sense, sustainable farming is farming that is most in line with how nature does its work. It veers away from biotechnology, use of fertilizers, chemical pesticides and mechanization. These practices are responsible in making food more available and cheaper, but it has negative effects on the environment. Simply put, the practices are not sustainable in the long run.
According to The Guardian, crop switching is becoming more mainstream now. As crops tend to suffer due to climate change, alternatives are being thought of to replace them. In Mexico, the government is trying to look into the possibility of cocoa replacing coffee crops. Searching for new methods and crop varieties which could withstand harsh conditions mean more funds for research. A $1 billion pledge might not be enough, but it is a start.
The basics of business investing: What you need to know
There are rules that investors should follow in business investing. Some of these include starting early and investing what you...
Most Americans agree to decriminalize marijuana
More than 60 percent of Americans surveyed want to legalize the use of marijuana, an increase from the 40 percent...
Dow Jones earnings hit a new all-time high
Following the US midterm elections, the Dow Jones advanced 2.13 percent with more all-time highs to follow before the year...
Gold and silver dip as the greenback continues to climb
Gold and silver prices are continuing to go down in favor of a stronger U.S. dollar, so what happens now?
A light that never goes out: Longtime Marvel writer and publisher Stan Lee passes away at 95
Stan Lee, a well-known publisher and writer of Marvel Comics, died this Monday in his Los Angeles home. Lee was...
Featured4 days ago
Portfolio diversification: How to allocate eggs in several baskets
Featured4 days ago
Why women must step up their financial knowledge
Business4 days ago
How can artificial intelligence make ed-tech industry bloom?
Featured2 days ago
How Americans still have money for favorite leisure activities despite loans
Featured3 days ago
Examining the importance of organizational health
Featured3 days ago
Smart money management: 7 apps to keep your finances in order
Business3 days ago
How costume designs contribute to the success of a show
Economy3 days ago
Why pay taxes? It’s a surprising secret to living the good life