Sustainable food and cash crop production

Sustainable food and cash crop production

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Sustainable food and cash crop production
Sustainable food and cash crop production
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SectorMost major industry classification systems use sources of revenue as their basis for classifying companies into specific sectors, subsectors and industries. In order to group like companies based on their sustainability-related risks and opportunities, SASB created the Sustainable Industry Classification System® (SICS®) and the classification of sectors, subsectors and industries in the SDG Investor Platform is based on SICS.
Food and Beverage
Food and Agriculture
Business Model Description

Undertake sustainable production of cash crops and food crops, especially coffee, tea, coconuts, nuts and oils crops, maize, sugar and horticulture.

Expected Impact

Contribute to food security, reduce food costs and minimize environmental degradation.

How is this information gathered?
Updated: 25 Jul, 2022 Date of Production: 1 Feb, 2021
Kenya
Indicative ReturnDescribes the rate of growth an investment is expected to generate within the IOA. The indicative return is identified for the IOA by establishing its Internal Rate of Return (IRR), Return of Investment (ROI) or Gross Profit Margin (GPM).
15% - 20% (in ROI)
Investment TimeframeDescribes the time period in which the IOA will pay-back the invested resources. The estimate is based on asset expected lifetime as the IOA will start generating accumulated positive cash-flows.
Long Term (10+ years)
Market SizeDescribes the value of potential addressable market of the IOA. The market size is identified for the IOA by establishing the value in USD, identifying the Compound Annual Growth Rate (CAGR) or providing a numeric unit critical to the IOA.
Average annual expenditure on food per capita of USD 729 million.
Average Ticket Size (USD)Describes the USD amount for a typical investment required in the IOA.
< USD 500,000
Direct ImpactDescribes the primary SDG(s) the IOA addresses.
No Poverty (SDG 1) Zero Hunger (SDG 2)
Indirect ImpactDescribes the secondary SDG(s) the IOA addresses.
Good health and well-being (SDG 3) Decent Work and Economic Growth (SDG 8) Life on Land (SDG 15)
Olive trees
Photo by 3BL Media / Olivado
Case Study: Olivado Group integrates small scale farmers into international avocado value chains
Olivado Group, a major supplier of avocado and other edible oils worldwide, entered the Kenyan market in 2007 and Tanzania in 2018 with a unique inclusive business model involving a Fair Trade and Organic out-grower scheme offering a consistent sales channel to 7,000 smallholder farmers.
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Sector Sources
  • 1) World Bank (2020). Kenya Economic Update: Turbulent Times for Growth in Kenya. 2) World Bank database, 2020. https://data.worldbank.org/ 3) ISIC Classification Revision. Comparative Industry Forecast Tables - Agriculture. 4) World Bank (2019). Unbundling the Slack in Private Sector Investment: Transforming Agriculture Sector Productivity and Linkages to Poverty Reduction. April 2019 | Edition No. 19. 5) Sachs, J., Schmidt-Traub, G., Kroll, C., Lafortune, G., Fuller, G., Woelm, F. (2020). The Sustainable Development Goals and COVID-19. Sustainable Development Report 2020. Cambridge: Cambridge University Press. 6) Ministry of Agriculture (2019). Agricultural Sector Transformation and Growth Strategy: Towards Sustainable Agricultural Transformation and Food Security in Kenya 2019-2029. 7) Government of Kenya. National Agriculture Investment Plan (NAIP) 2019-2024. http://extwprlegs1.fao.org/docs/pdf/ken189052.pdf 8) World Bank (2020). Kenya Economic Update: Turbulent Times for Growth in Kenya, 9) Food and Agriculture Organization of the United Nations. Agriculture Policies Database for Kenya.
IOA Sources
  • 10) Ministry of Agriculture (2019). Agricultural Sector Transformation and Growth Strategy: Towards Sustainable Agricultural Transformation and Food Security in Kenya 2019-2029. 11) Fengler, W. (2010). Demographic Transition and Growth in Kenya. World Bank. 12) Oxford Business Group. Consumer goods producers benefit from Kenya's growing middle class. 13) Knoema (2018). Kenya - Expenditure on food per capita. 14) PwC analysis based on Prof. A. Damodaran data, 2020. 15) World Bank (2019). Agricultural Productivity Program KAPP I and II: Kenya. https://ieg.worldbankgroup.org/sites/default/files/Data/reports/ppar_kenyaagriculture.pdf 16) Birch, I. (2018). Agricultural Productivity In Kenya: Barriers And Opportunities. https://assets.publishing.service.gov.uk/media/5c70028ee5274a0ecbe9a1c2/483_Agricultural_Productivity_in_Kenya_Barriers_and_Opportunities.pdf 17) Kari.org. (2019). The Major Challenges Of The Agricultural Sector In Kenya. https://www.kari.org/the-major-challenges/ 18) Gashu, D., Demment, M. and Stoecker, B. (2019). 'Challenges And Opportunities To The African Agriculture And Food Systems'. African Journal of Food, Agriculture, Nutrition and Development. https://www.ajol.info/index.php/ajfand/article/view/185585 19) National Geographic Society (2020). Environmental Impacts of Agricultural Modifications. https://www.nationalgeographic.org/article/environmental-impacts-agricultural-modifications/ 20) Food and Agriculture Organization of the United Nations (FAO) (1997). Irrigation Potential In Africa: A Basin Approach. Rome: FAO Land and Water Development Division. http://www.fao.org/3/W4347E/w4347e00.htm#Contents 21) Pennock, D. and McKenzie, N. (2015). Status of the World’s Soil Resources. Food and Agriculture Organization of the United Nations (FAO). http://www.fao.org/3/a-i5126e.pdf 22) Kenya Vision 2030. Economic and Macro Pillar: Moving the Economy Up the Value Chain. https://vision2030.go.ke/economic-pillar/#88 23) Ministry of Agriculture, Livestock and Fisheries (2020). Food Crops Industry Bill. Republic of Kenya. https://www.kilimo.go.ke/wp-content/uploads/2020/10/DRAFT-FOOD-CROPS-INDUSTRY-BILL-FINAL.pdf 24) Ministry of Agriculture, Livestock and Fisheries (2020). Coffee Bill. Republic of Kenya. https://www.kilimo.go.ke/wp-content/uploads/2020/10/THE-COFFEE-BILL-2020.pdf 25) Ministry of Agriculture, Livestock and Fisheries (2020). Nuts And Oil Crops Bill. Republic of Kenya. https://www.kilimo.go.ke/wp-content/uploads/2020/11/NUTS-AND-OIL-CROPS-BILL-2020-1-9-2020.pdf 26) Ministry of Agriculture, Livestock and Fisheries (2020). Fibre Crops Bill. Republic of Kenya. https://www.kilimo.go.ke/wp-content/uploads/2020/10/DRAFT-Fibre-Crops-Bill-2020-Changes-Accepted.pdf 27) Ministry of Agriculture, Livestock and Fisheries (2020). Horticultural Crops Authority Bill. Republic of Kenya. https://www.kilimo.go.ke/wp-content/uploads/2020/10/HCD-BILL.pdf 28) Department of Economic and Social Affairs (2019). Growing at a slower pace, world population is expected to reach 9.7 billion in 2050 and could peak at nearly 11 billion around 2100. 29) United Nations General Assembly (2009). Food Production Must Double by 2050 to Meet Demand from World’s Growing Population, Innovative Strategies Needed to Combat Hunger, Experts Tell Second Committee. GA/EF/3242. https://www.un.org/press/en/2009/gaef3242.doc.htm#:~:text=Food%20production%20must%20double%20by%202050%20to%20meet%20the%20demand,a%20panel%20discussion%20on%20%E2%80%9CNew 30) Viffa Consult (2020). State of coconut commodity market in Kenya: SME Market Opportunity Outlook. http://viffaconsult.co.ke/wp-content/uploads/2020/07/State-of-Coconut-Commodity-Market-in-Kenya.pdf 31) KENCAFFEE (2020). Kenya's coffee growing regions. https://www.kencaffee.coop/coffee-growing-regions-in-kenya/ 32) International Finance Corporation (2014). Development Impact Case Study: Supporting Sustainable Coffee Production in Kenya. https://www.ifc.org/wps/wcm/connect/news_ext_content/ifc_external_corporate_site/news+and+events/news/za_ifc_study_kenya_coffee 33) Deutsche Welle (2013). Women take over Kenya's farming sector. https://www.dw.com/en/women-take-over-kenyas-farming-sector/a-16716322 34) SDG Tracker (2021). End poverty in all its forms everywhere. https://sdg-tracker.org/no-poverty