Agriculture is a vital sector that will feed a projected global population of 9.5 billion by 2050. Smallholder farmers produce more than 70 percent of the world's food. Globally, there are approximately 570 million smallholder farmers, who own less than two hectares of land. However, smallholders in most developing countries face challenges such as access to finance and insurance, unfair wages, access to agricultural resources and lack of market access.

The global food supply is increasingly facing disruptions from extreme heat and storms. It is also a major contributor to climate change, responsible for one-third of all greenhouse gas emissions from human activities.This tension is why agriculture innovation is increasingly being elevated in international climate discussions.