The Bayer Foundation and the Pula Foundation announced today at the World Economic Forum their plans to provide insurance coverage for 10 million smallholder farmers by 2030.

By 2030, the €10 million grant will unlock a potential $127 million in insurance coverage for 10 million farmers collaborating with national governments in Bangladesh, Pakistan, Malawi, Ghana, Nigeria, Kenya and Mali.

This collaboration aims to strengthen farmers' climate resilience by protecting them from the increasing impacts of droughts and floods, which threaten crops, livelihoods and global food security.

Bayer aims to support a total of 100 million smallholder farmers by 2030 by improving their access to agricultural products and services.

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