Information Technology Mitigates Effects of Climate Events in the Developing Countries

Information technology is being used to address PHL in smallholder African farming communities, by giving access to market information, preventing price exploitation by speculators, and through the provision of warehouse receipts. Esoko in Ghana is partnered with the International Finance Corporation and the Soros Economic Development Fund on a project which sends crop price text messages to farmers, as well as warehouse receipts. IFPRI utlilizes a tool called the Food Security Media Analysis system which compares international media coverage to global agricultural production and food price stocks to determine if media coverage accurately depicts the global food situation.

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