What Works for Digital Financial Services in Agricultural Development?

Speeches Shim

Digital Development for Feed the Future — a collaboration between USAID’s Global Development Lab and Bureau for Food Security — is focused on integrating a suite of coordinated digital tools and technologies into Feed the Future activities to accelerate agriculture-led economic growth and improved nutrition. Feed the Future is the U.S. Government’s global hunger and food security initiative.

This case study is part of a series highlighting the integration of digital technologies into agricultural programs. Over the past 10 years, and particularly over the past five, the use of mobile phones and Internet-based, digital tools in farming activities has risen dramatically. This is largely due to the widespread adoption of mobile phones in developing and emerging markets, coupled with the spread of 3G and 4G connectivity. What has emerged is a broad set of digitally based applications that have driven greater financial inclusion, more precision in agriculture, better data collection and analysis, and more effective information dissemination. Agricultural organizations and programs are increasingly embracing these tools to advance their goals. Each of the first six case studies highlights specific organizations and their approaches to adoption of digital tools, including ways that these tools affect organizational culture, operations and programming.

This case study takes a slightly different approach, gathering existing evidence of the role of technology to reduce the transaction costs, overcome information assymetrics, and improve the product targeting for financial service providers to serve farmers.

Date 
Tuesday, June 11, 2019 - 10:30am

Last updated: June 11, 2019