The United Nations World Food Programme (WFP), the Bill & Melinda Gates Foundation, and the Howard G Buffett Foundation have unveiled a news initiative to help poor farmers across the developing world significantly increase their incomes.
The initiative, Purchase for Progress (P4P), aims to help hundreds of thousands of smallholder farmers access reliable markets to sell surplus crops at competitive prices, bolstering fragile local economies.
P4P will help change the way WFP purchases food locally, strengthening the role of smallholder farmers in agricultural markets, enabling them to gain more from supplying food to WFP's global operations. It will be launched in 21 pilot countries over the next five years, with a focus on sub-Saharan Africa and Central America.
The foundations, along with the Belgian government, have committed $76-million.
P4P aims to significantly increase incomes of at least 350 000 farmers in the pilot countries. Ultimately, the intention is to support farmers to capitalise on the market offered by WFP and to connect them to other local and regional food markets.
The Bill & Melinda Gates Foundation committed $66-million for projects in 10 African countries. The Howard G Buffett Foundation committed $9,1-million for projects in seven countries. The Belgian government contributed $750 000.00 for the Democratic Republic of Congo.