Each day, more than 800 million people in the world struggle to put food on their table — and as a result of of the COVID-19 pandemic, this number is expected to double. Smallholders and family farms provide over 80% of the food in most parts of the developing world, but the volatile commodity markets and lack of agricultural innovation often have a devastating impact on both farmers and consumers in poor regions.
Until now, the food market in the developing world has been considered a terrible investment due to its quick depreciation and lack of market stability. Food is the world’s most inefficient market and its greatest opportunity — and the World Food Bank is working to prove the latter.
The World Food Bank has a mission to alleviate global food insecurity by revolutionizing the agricultural markets in the developing world and helping smallholder farmers scale their businesses. The non-profit operates similarly to a bank, using extended shelf-life foods as their core asset. The products are then held in reserve in a network of strategic locations around the globe and are available for purchase when and where food is needed to normalize volatility or correct inefficiencies in the local food markets.
The innovation in agricultural technology has made it possible to dry and store most types of grains, fruits and vegetables to increase their shelf life by more than twenty years. In fact, there is now an incredible opportunity to buy the products that might otherwise spoil, convert them into extended shelf-life commodities and sell them once the market prices increase.
To support the farmers affected by excess supply and low market prices, the World Food Bank runs a purchasing program that provides farmers all over the globe with a guaranteed offtake. As a result, farmers have access to a reliable market at higher prices, buyers have access to lower prices when supplies are depleted and investors earn strong risk-adjusted returns in the middle.
To support emerging agricultural markets and provide food where it's needed the most, the World Food Bank has developed three additional programs focusing on food security, production and infrastructure.
While the World Food Bank is advancing the agricultural industry, Overflow is working to revolutionize the philanthropy world, one donation at a time. With the help of our stock donation platform, we are building a world we all want to live in — a world where all people have access to food, education, healthcare and housing.
However, such a world can only become possible if we fund it. As a society, we don't have a shortage of solutions or resources, we simply need to help those with abundance to give out of the overflow.
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