This article was originally featured on the East African Business Times website and can be found here.
World Food Bank (WFB) has made it a necessity to resolve one of the major problems faced globally which is the scarcity of food and hunger. With more than 800 million people worldwide being food insecure, attaining a zero hunger Challenge is one of its formation’s convictions.
Biden-Harris Administration recently announced commitments to Advance Food Security in the Western Hemisphere just around the same time the World Food Bank embarked on the road to changing that globally with a goal of helping 51,000,000 people get out of poverty.
One of its core objectives is to resolve the great inefficiency in commodity price volatility that exists in many developing countries and their local markets.
As it embarks on generating returns from the timely sales of food commodities into regions of the world where there is the most need for food to curb the food scarcity factor.
Richard Lackey Founder of the World Food Bank is on a mission to cure Worldwide Food Insecurity with a Sustainable System that Elevates the Small Farmer as he believes that when the farmer is empowered both technically, innovatively, and commercially then it can be attained.
Alleviating hunger means alleviating poverty, and the World Food Bank is creating an impact model that joins small-hold farmers with the education, tools, financing, and marketplace they need for success to make a real and permanent change.
“By teaching farmer’s best practices to share with others, and providing access to the tools, marketplace, and the financing – it all creates a sustainable business model for small-hold farmers to find success, relieving poverty, and leading to sustained food availability,” said Richard Lackey Founder of WFB.
WFB seeks to destruct worldwide poverty and hunger with a systemic approach that seeks to fill the gap in the global food system when resources are scarce.
A challenge the founder Richard believes can be alleviated through better integration of industry and political systems, especially systems that are market-driven, regenerative, and sustainable systems.
The World Food Bank seeks to integrate major sectors within global agriculture systems and create a balanced and mutually-beneficial ecosystem that lifts smallholder farmers out of poverty and allows for the efficient distribution of food to those who need it.
“The World Food Bank is a unique model to cure food insecurity. We are a for-profit company for one, and we’ve designed a system across multiple connected geographies, typically a country or countries, in order to create a suitably diversified system. We connect farmers with everything needed to build an integrated agricultural system,” added Richard Lackey, CEO, and Chairman of the World Food Bank.