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Farmers reached
Farmers and companies within the agricultural value chain reached with agricultural assets, inputs and services
Definition
This indicator includes farms and farmers (including fishers and fisheries), as well as companies in the agricultural value chain receiving assets, services, inputs, or resources. “Services” refers to financial products or services such as loans, microloans, savings funds, microinsurance/insurance, remittances, and membership in a community-based financial organization (e.g., a savings and loan group). “Services” also refers to training and business development services that aim to improve the performance of the farm enterprise, its market access, and its ability to compete (e.g., market access, input supply, technology and product development, training and technical assistance, policy or advocacy, infrastructure and equity financing). “Assets/Inputs” refers to fertilizers and chemicals, seeds and planting materials, and machinery and equipment. For operations through financial intermediaries benefiting the agriculture sector, the number of loans provided can be used as a proxy for number of benefiting companies when the number of distinct companies is not reported by the client.
Project interventions supporting groups of farmers (such as cooperatives and associations) should count all the members of the group. The indicator counts all farmers, regardless of sex. Whenever female farmers are disaggregated, they are also included in the indicator "Number of women beneficiaries of economic empowerment initiatives".
This indicator reflects the aggregate results of all projects completed in the public sector, or those that have reached Early Operation maturity in the private sector. The OFRF presents both the most recent year’s results (for the 12 months leading up to June 30th of the stated year) and three-year rolling cumulative values (for the 3 years leading up to June 30th of the stated year), to address annual data variability and provide a longer-term perspective on development results achieved.
Why it matters for the OPEC Fund
Strengthening agricultural value chains improves productivity, enhances food security, supports rural livelihoods, and increases the resilience of farmers and agribusinesses to economic and climate-related shocks. The OPEC Fund advances these outcomes through operations in priority areas as outlined in the Review and Update of OPEC Fund Strategic Framework 2030—specifically Private Sector and Trade, Food Security, and Climate Action—by supporting access to agricultural inputs, technologies, services and markets. This indicator aligns with SDG 2 (Zero Hunger), SDG 8 (Decent Work and Economic Growth) and SDG 9 (Industry, Innovation, and Infrastructure).