Is climate-smart technology affordable for smallholder farmers ?
Climate-smart technology is essential for farmers to adapt to climate change, but its affordability is a concern for smallholder farmers. Key factors influencing affordability include the cost of technology, access to financing, potential returns on investment, the need for training and education, and market access. Governments can offer subsidies and grants, while microfinance institutions provide tailored loans. Partnerships and research focused on local conditions can also make technology more affordable. Capacity building initiatives like extension services and community workshops further support farmers in adopting these technologies. Addressing these factors can help smallholder farmers benefit from climate-smart technology.