AGRICULTURE

Project location: Twelve polders in the coastal region - Satkhira, Khulna, Bagherhat, Pirozpur, Barguna, Patuakhali, Bhola, Noakhali, Lakshmipur, Feni, Chittagong and Coxs Bazaar. Approach: The main approach will be to work through lead firms (LFs) in the agribusiness sector that are disposed to taking risks, but see the opportunities to promote climate smart agriculture in project areas. The LF approach involves working directly with identified companies to strengthen their supply chain, ability to provide products and services in markets with high demand, and improve their organizational capacity. Three LFs will be engaged in the pilot phase and optimally two additional LFs will be engaged to scale-up activities. Interventions should also result in viable business models in terms of adoption of climate resilient farming practices, climate change risk management capacity of the private sector (including farming communities); market linkages established at input and output levels. Key components of the project: Component-1: Build capacity of agribusiness to better cope with climate change risks in the supply chain Component-2: Build capacity of farmers to better cope with climate change induced production risks Component-3: Facilitate increased access to finance for farmers in the climate risk prone areas through introducing risk management products like Cyclone Index Insurance.

Bangladesh