General objective
The overall objective of PARM is to contribute to sustainable agricultural growth, reduce food insecurity, de-risk investments in the agricultural sector and improve livelihoods of rural and poor farming households in developing countries.
Created in 2013 following the G20 discussions on agricultural growth and food security, PARM provides technical support to governments of Least Developed Countries and Lower Middle-Income Countries for the integration of ARM into policies, institutional capacities and investments in order to move away from a culture of coping with disasters towards smart gender sensitive risk management, building resilience in the agricultural sector.
The platform represents a unique and strategic global multi-stakeholder partnership in the area of Agricultural Risk Management guided and supported by the European Commission (EC), the French Development Agency (AFD), the Italian Agency for Development Cooperation (AICS), the International Fund for Agricultural Development (IFAD), and the German Development Bank – KFW (through AUDA-NEPAD).
It also benefits from the technical assistance of a pool of international and regional multilateral partners such as the World Bank Group, the Food and Agriculture Organization (FAO), World Food Programme (WFP), African Risk Capacity (ARC); knowledge Partners (Agrinatura, International Food Policy Research Institute – IFPRI, etc.); farmers organizations (ROPPA, EAFF) and private sector (EAGC, MUNICH RE) among others.
The Platform for Agricultural Risk Management (PARM) focuses on making risk management an integral part of policy planning and implementation in the agricultural sector in developing countries, with a gender lens.
PARM Horizon 2
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Mission
As a global Platform, PARM is set up to generate, facilitate access to, and exchange knowledge in the field of agricultural risk management. This includes holistically assessing agricultural risks by value chains and proposing gender-transformative risk management strategies in an inclusive and participatory approach.
For the past years, many international institutions and organizations have placed considerable importance on Agricultural Risk Management (ARM): they stressed the need for a supportive facility that fosters the exchange of knowledge and experience to assist the public and the private sector in developing countries to build a more structured knowledge-based approach towards agricultural risk management. The discussions at the G8 and G20 Summits of 2010, 2011 and 2012 created a positive momentum around ARM and it led to the decision to establish a Platform on Agricultural Risk Management (PARM).
By December 2013, PARM was set up and mandated to support the development of holistic approaches to ARM and to facilitate knowledge exchange in the field. Since the 2020, the COVID-19 pandemic and then the most recent war in Ukraine, added an entirely new layer of risks to farmers and governments across the world. Both the pandemic and the war in Ukraine showed that poor smallholder farmers face the greatest risks: production and yield risks, food insecurity, price and market risks, financial risks, political risks, and human or personal risks.
In this framework, PARM continues to deliver its demand-driven services to assist governments in managing agricultural sector risks and turn the most significant risks of our time into an opportunity to reshape the way risks are managed.
Objectives
PARM's specific objectives include providing technical support to its partners by: (i) assessing and prioritizing agricultural risks by value chains in a systematic and holistic way; (ii) identifying the most appropriate tools to manage the prioritized risks; (iii) translating the proposed tools into investment projects; (iv) strengthening local expertise and institutional capacities to manage agricultural risks; and (v) facilitating the generation, access, and exchange of knowledge, as well as stimulating partnerships on ARM.
For the past years, many international institutions and organizations have placed considerable importance on Agricultural Risk Management (ARM): they stressed the need for a supportive facility that fosters the exchange of knowledge and experience to assist the public and the private sector in developing countries to build a more structured knowledge-based approach towards agricultural risk management.
The discussions at the G8 and G20 Summits of 2010, 2011 and 2012 created a positive momentum around agricultural risk management and it led to the decision to establish a Platform on Agricultural Risk Management (PARM).
By December 2013, PARM was set up and mandated to support the development of holistic approaches to agricultural risk management and to facilitate knowledge exchange in the field. Since the 2020, the COVID-19 pandemic and then the most recent war in Ukraine, added an entirely new layer of risks to farmers and governments across the world. Both the pandemic and the war in Ukraine showed that poor smallholder farmers face the greatest risks: production and yield risks, food insecurity, price and market risks, financial risks, political risks, and human or personal risks.
In this framework, PARM continues to deliver its demand-driven services to assist governments and other partners in managing agricultural sector risks and turn the most significant risks of our time into opportunities to reshape the way risks are managed.
