The 2020 CSAF State of the Sector Report also reflects on the present and future impact of COVID-19 across the agriculture sector.
CSAF is an alliance of lending institutions with a shared commitment to building an inclusive and sustainable financial market for small- and medium-sized enterprises (SMEs) in the agriculture sector in developing countries worldwide. Founded in 2012 as a forum for lenders to share learning, CSAF now includes 15 members and affiliates committed to market growth and impact.
Sjoerd Melsert, Principal Investment Manager at Triodos Investment Management, is actively involved in this industry initiative: “This report not only presents CSAF activities and accomplishments over the past year. It also sheds a light on the impact of the COVID-19 pandemic on the food and agriculture sector. The good news is that most value chains continue to function, as most governments view agriculture as an essential sector. However, we also see that imports of farm inputs and crop exports have slowed in certain producer countries, some buyers have cancelled purchase contracts while others delay signing commitments because of market uncertainty, and processors have been forced to adopt social distancing measures. This will have a ripple effect throughout agricultural supply chains. These developments only strengthen our commitment to continue to support the growth and development of a diverse finance market for agricultural businesses, thereby catalysing the huge benefits this brings for millions of small-scale farmers.”
Explore the full 2020 State of the Sector report to learn more about the impact of COVID-19 for the agricultural sector, and to explore the trends, opportunities and challenges associated with smallholder agricultural finance.
Visit the Sustainable Food and Agriculture strategy page on our website.