27/10/2021 - Agriculture

KEY POINTS

·        Notwithstanding the various start-ups’ attempts to harness the potential of mobile/smartphone telephony and internet penetration, the agricultural sector has been characterised by interlocked arrangements and exploitative credit, input, and output markets.

·        But the inequitable power structure and resource endowments confer differential abilities to economic agents to derive benefits from available data.

·        While there are privacy and security concerns to contend with, there are also issues of exploitation of farmers and unfair appropriation of traditional community knowledge.

·        While business can leverage granular data of agriculture for generating mutually beneficial outcomes, the absence of appropriate checks and balances can create avenues for exploitation.

·        They can also use unfair means to appropriate benefits from value creation. Such fears or apprehensions are more pronounced in the case of community-based traditional knowledge societies.

·        This knowledge evolved through years of experience in harmony with their natural environment seems suitable to facilitate value creation from locally available resources.

·        Because of their communal ownership, non-recorded and non-exclusive nature, community-based knowledge is vulnerable to unfair appropriation by businesses.

·        There is a need for other complementary interventions and appropriate safeguards against inequitable appropriation of traditional knowledge, decline in local employment opportunities, and businesses resorting to enhancing their topline and bottomline at farmers’ cost.

kindly review and provide suggestions sir 

please review

Please Evaluate

Pls review