The Livelihoods Fund for Family Farming (L3F) is the second fund created by Livelihoods. Like the Livelihoods Carbon Fund (LCF), it follows the belief that environmental degradation, climate change and rural poverty are interlinked. Its model provides a solution to address all three challenges at once, linking them to sustainable sourcing.
L3F’s mission is to offer companies innovative solutions to build a win-win relationship with small producers. L3F projects allow farmers to adopt more efficient and more eco-friendly agricultural practices. Farmers are also more efficiently connected to the value chain of companies, improving the incomes of farmers and their living conditions, while securing the supply of businesses. L3F projects generate direct benefits for water and biodiversity preservation but also for the fight against climate change through the sequestration of carbon in the soil.
L3F is supported by Danone, Mars Incorporated, Firmenich and Veolia. L3F will invest in the key raw materials of its investors: milk, vanilla, water conservation (watersheds), cocoa, etc.
This is the first time that performance indicators are reported for the fund.
5 active projects
In 2017, the Livelihoods Fund for Family Farming has five active projects.
6.8 M€ of total investment volume
By the end of 2017, the total investment volume was up to 6.8 million euros. The long term objective is to reach 120 million euros.
Objective number of positively impacted people.
FARMS CONVERTED TO SUSTAINABLE AGRICULTURAL PRACTICES
In 2017, 80 000 farmers were empowered and converted to sustainable agricultural practices. The long term objective is to reach 200,000 farmers.
By the end of 2017, 84 000 hectares were put under sustainable land management. The long term objective is to reach 200 000 hectares.
By the end of 2017, 40,000 farms were connected to markets or supply chains of investors in the funds. The long term objective is to reach 200,000 farms.