The Asian Brown Marmorated Stink Bug (BMSB) first appeared in Georgia in 2015. Since then, great damage has been caused to agricultural cultures, especially in the western Georgia region of Samegrelo. The extent of its widespread damage may ruin up to 70% of the crop’s value. The Government of Georgia has already started implementing measures against the Asian BMSB. How should farmers protect themselves from the Asian BMSB? (In Georgian)
“To make agriculture sustainable, the grower has got to be able to make a profit.”
—Sam Farr, American politician
When we sit down to eat a meal, seldom do we think about where the food that makes up our meal comes from or whose hands helped cultivate it. In fact, when most people think about agriculture, a simple idea comes to mind: put seeds in the ground; make sure there is enough water; harvest the crops; repeat next season. The realities of modern agriculture, however, are much more complex. Today’s farmers need to worry not only about the increasingly-complex craft of growing food but also about the business side of the industry, including ensuring enough funds are available to have a successful season and finding ways to guard against risks such as floods, droughts, hail and late frosts.
The SDC funded PAFAI project changed the landscape of agricultural finance and insurance in Georgia. The key to this success lay in forging new partnerships and facilitating long-term cooperation.
Unity creates strength
Life teaches us that even the best-made plans rarely go according to schedule and, more frequently than not, require us to adapt in order to succeed. This has been a guiding principle at BFC since our inception.
On April 28, 2017, Business and Finance Consulting organized the PAFAI (Promoting Access to Finance and Agri Insurance) project closing event. The representatives from the Ministry of Agriculture, Swiss Cooperation Office (SCO) for the South Caucasus, Georgian insurance companies (Aldagi, GPI Holding, Ardi and IC Group), government institutions, non-governmental organizations and international development organizations attended the event.
On April 8, the project ‘Promoting Access to Finance and Agricultural Insurance’ (PAFAI), implemented by Business and Finance Consulting and funded by the Swiss Agency for Cooperation and Development, held a conference for 30 female farmers promoting specialized banking products from Terabank and financial literacy training sessions.
A delegation of representatives from the Georgian government, microfinance institutions and agribusinesses made a visit to Cluj-Napoca and Bucharest in Romania between March 5 and March 9, 2017. The visit, organized by Business & Finance Consulting (BFC), took place within in the context of the PAFAI (Promoting Access to Finance and Agri Insurance) project, which is funded by the Swiss Cooperation Office for the South Caucasus (SCO).