FMC Corporation (NYSE: FMC), a global frontrunner in agricultural sciences, has pledged $30.5 million to the Zero Hunger Private Sector Pledge. Originating from the UN Food Systems Summit Action Track 1, the Pledge encourages businesses to synchronize their ventures with the worldwide objective of eradicating hunger by 2030. FMC’s dedication encompasses initiatives to enhance smallholder farmers‘ income and productivity, offer training for rural women and youth, and promote digital farming technologies in Asia, Africa, and Latin America.
Julie DiNatale, FMC’s vice president and chief sustainability officer, expressed, “The escalating global food insecurity is alarming. Companies like FMC must harness their expertise and resources to address this hunger crisis.” She added, “By aligning with the Zero Hunger Private Sector Pledge, FMC reinforces its commitment to aiding farmers, ensuring food security, and realizing the Zero Hunger goal by 2030.”
Highlights of FMC’s Pledge:
- Precision Agriculture Technology: A significant portion of FMC’s pledge focuses on precision farming technology, assisting farmers in adapting to erratic growing conditions. This includes unpredictable weather shifts leading to evolving pest challenges. FMC plans to introduce its Arc™ farm intelligence platform in countries like Cameroon, Burkina Faso, South Africa, India, Pakistan, Indonesia, Philippines, Colombia, and Mexico by 2030. This platform offers real-time pest data, enabling farmers to address pest issues proactively. All necessary monitoring equipment is provided for free, ensuring that underserved farmers benefit from advanced solutions.
- Empowering Smallholder Farmers: These farmers are pivotal to the global food production system, especially in Asia. FMC’s commitment includes the Sustainable, Transformational Initiative toward Development (STRIDE) program, launched in India, Pakistan, and the Philippines. This initiative aims to provide these farmers with innovative crop protection technologies and services, enhancing their yield, income, and overall quality of life. Over three years, the program is set to impact over 175,000 smallholder farmers.
- Additional Investments: FMC’s further commitments involve partnerships and programs like a development initiative in Kenya, training youths to offer extension services to regional smallholder farmers. In collaboration with G.B. Pant University of Agriculture and Technology, FMC trains Indian rural women in beekeeping, providing a sustainable income source. Moreover, in Brazil, FMC’s alliance with fintech startup Traive aids small to medium farmers access credit for essential crop inputs.
DiNatale concluded, “Traditional methods won’t suffice to achieve Zero Hunger by 2030. Innovation is paramount. This global movement paves the way for innovative collaborations, revolutionizing food production.”
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