Food Fight: Reinventing Agricultural Business Models to Feed the World
Shruthi Baskaran, MBA Candidate, MS Candidate in Environment and Resources
The world produces enough food to nourish every human being who’s alive. Yet every night one in nine people goes to bed on an empty stomach. That’s a failure not of agriculture but of the economy. Shruthi Baskaran has worked to fix that failure. She has helped shape and implement a United Nations program that has linked small farmers in Africa with large commodity traders, ensuring a steady market for the producers and a steady supply for the buyers. She and her colleagues at the U.N. World Food Program harnessed a financial instrument common in commodity trading -- the forward contract -- to move these growers from subsistence farming to a market-based agriculture that can supply plentiful, locally grown food.