Geodata for Inclusive Finance and Food, 16 February 2017
Recent developments in technological applications based on satellite data provide useful information to increase outreach of financial services to rural areas and for smallholder farmers. The Dutch Ministry of Foreign Affairs committed EUR 60 million for the development of applications based on geodata for the purpose of agriculture. The Geodata for Agriculture and Water programme (G4AW) is implemented by the Netherlands Space Office (NSO). Early evidence suggests that these applications offer great promise to produce a higher and more stable crop supply of increased quality. By this, the risk profile of smallholder farmers reduces which is an important stimulus for financial institutions to provide financial services. At the same time, this information can directly reduce monitoring and transaction costs, further improving access to finance. As Rabobank’s strategy is focused on Banking for Food, and leading in agri-finance, they are the natural partner in promoting the use of these technologies in banking. Since much is unexplored yet from an organizational and economic point of view, the aim of the conference is threefold: 1. inspiration 2. knowledge exchange 3. networking.
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