Food Security and Poverty

Ahmet Suayb Gundogdu ()
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Ahmet Suayb Gundogdu: Istanbul Sabahattin Zaim University

Chapter Chapter 3 in Food Security, Affordable Housing, and Poverty, 2023, pp 57-86 from Palgrave Macmillan

Abstract: Abstract This chapter elaborates on the root causes of food insecurity in the world. It presents Islamic economic empowerment programs to ensure the participation of smallholder farmers to ensure a healthy supply of agricultural commodities. The chapter deals with the supply-side issue. In doing so, the role of Zakat and Islamic microfinance is explained. The chapter identifies the root cause of global food insecurity as price volatility in agricultural input and output markets due to Shari’ah non-compliant conventional financial derivatives. Price instability in the agricultural sector’s input and output markets undermines the sector’s smooth functioning. The chapter explains why the agricultural sector architecture should be designed to promote many smallholder farmers rather than solely focusing on big farmers for long-term sustainability. In such a design, the economic policy should not allow unfair price formation in input and output markets at the expense of smallholder farmers.

Keywords: Islamic microfinance; Smallholder farmers; Warehousing; Agricultural commodity trade; Financial derivatives; SDGs; Islamic Organization of Food Security (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:pal:psibcp:978-3-031-27689-7_3

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DOI: 10.1007/978-3-031-27689-7_3

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