Risk Management Policy

There are risks involved in farming. This is where the core business of iFarmer comes in, providing structures that reduce risks and increases profitability. The risks in farming are faced and endured by our smallholder farmers every day. Their limited resources and financial debts hinder them from opportunities to enhance their lifestyle. iFarmer plays a part in reducing these risks, to protect both the users and the farmers.

All farmers have been verified and selected through the assistance of the local government unit. Farmers are required to submit an application form and have to undergo an interview with iFarmer. Only those who pass the process will be allowed to join the program.
This usually occurs when farmers have very limited capital. With the access to capital, pests can be prevented. Farmers are also provided with access to agriculturist to infuse best practices in pest prevention/mitigation. Crop insurance also covers damages from pests.
For high-value crops, prices are volatile and may drop and spike at different times, depending on the supply and demand in the market. This is managed by recommending diversification of crops for each farmer, and by clustering different farmers together to further distribute the risks.