Droughts, floods and food systems risk dialogue – Part III: Turning Food System Risk into Food System Resilience: Innovative Solutions for Drought Management
Time
15:00 - 16:00 CET
About
As weather-related shocks intensify, they risk eroding agricultural productivity, increasing volatility in global commodity markets and disrupting supply chains. These disruptions weaken farmers’ income and resilience and impact food security at its core.
Preventing disasters and reducing exposure remain the most effective ways to protect agrifood systems. Yet even with strong risk reduction measures, a significant level of residual risk will remain. To buffer the impacts of these shocks, countries need stronger financial tools, including social safety nets, climate finance and well-designed insurance schemes that can help households and producers absorb losses and recover more quickly.
Existing knowledge on climate-smart and regenerative agriculture lays the foundation for creating more sustainable food systems. Scaling these solutions can be aided by precision farming techniques, AI-driven farm analytics and new products and services that accelerate knowledge transfer, learning and action.
In Somalia, the ODOROS dashboard for early warning and anticipatory action brings together satellite imagery, climate and weather data, socioeconomic indicators, displacement data and market information under a unified system. In principle, the system will be able to produce local drought analysis and predictive information in support of anticipatory assistance.
In Part III of the Risk Dialogue Series on “Droughts, Floods and Food Systems”, experts and participants will explore how risk-reduction finance can buffer against global food price shocks and volatility, and how investment in regenerative farming techniques and climate-smart agriculture can contribute to food-system resilience. The session will also explore how locally developed digital innovation can support early warning and anticipatory action.