Bayer and Pula Foundations Partner to Provide Insurance to 10 Million Smallholder Farmers.

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Bayer and Pula Foundations Unite to Provide Insurance Coverage to 10 Million Smallholder Farmers

In a significant commitment announced at the World Economic Forum, the Bayer and Pula foundations have pledged to provide insurance coverage to 10 million smallholder farmers in sub-Saharan Africa and South Asia by 2030. 

This ambitious collaboration aims to foster private-public partnerships and enhance climate resilience among smallholder farmers, shielding them from the escalating impacts of droughts and floods that threaten harvests, livelihoods, and global food security.

A substantial grant of €10 million ($10.4 million) from Bayer, supported by a donation from Bayer’s Crop Science Division, will unlock insurance coverage of up to $127 million for farmers working with national governments in eight countries: Bangladesh, Pakistan, Malawi, Ghana, Nigeria, Kenya, and Mali.

The Pula Foundation has developed innovative, scalable, and data-driven agricultural insurance solutions designed to safeguard smallholder farmers’ investments in their farms. By mitigating risks associated with extreme weather events such as droughts and floods, the Pula Foundation ensures that farmers receive financial compensation for yield losses, enabling them to recover, reinvest, and rebuild.

“Climate resilience is not just about recovery but also about dignity and empowerment. We believe that insurance enables smallholder farmers to prepare themselves for an increasingly volatile climate, rather than waiting for handouts,” said Pula Foundation director Rose Goslinga. 

“This partnership with Bayer Foundation will enable us to expand our reach and ensure that millions more farmers can secure their livelihoods.”

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