Guide to the Use of Digital Financial Services in Agriculture

Christine Martin, Nandini Harihareswara , Elizabeth Diebold, Harsha Kodali, Carrie Averch

Smallholder farmers are the frontlines of every developing country’s food supply. They serve as the linchpin in poverty-reduction strategies, such as Feed the Future. However, most farmers lack access to financial services and products to enable them to invest in their farms. Evidence suggests that there is a $430 billion shortfall in serving this population’s demand for finance. Farmers face a range of roadblocks in managing their farms as a business, from purchasing inputs, to accessing financial services, to storing and selling produce. Digital financial services (DFS) present a promising opportunity to address some of these pressing needs and complement USAID’s past and current portfolio of work to achieve greater impact.