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World Food Bank

World Food Bank

World Food Bank (WFB) leverages extended shelf-life food storage technologies to resolve the world's most pressing food security challenges. The World Food Bank™ was created to function as an institutional investment entity that operates much like a traditional bank, but with food as the core asset rather than cash. We utilize our institutional buying power to provide price to support smallholder farmers who we believe are the key to lifting over one billion people out of poverty and ending hunger by sustain-ably nourishing a growing world population. The key to sustainable food systems lies in an ecosystem where participation from each stakeholder de-risks operational funding for other stakeholders. As an example, the World Food Bank utilizes its institutional purchasing power to provide price guarantees to smallholder farmers who will be paid more for their product when market prices crash. This price support allows smallholder farmers to become "bankable" in the eyes of financiers and insurers as their repayment risk for input finance or crop insurance is decreased considerably when farmers are guaranteed sale of their products. As a result, farmers are able to use higher quality seeds and fertilizers that increase the quality and quantity of their outputs, allowing their new product to meet global quality standards and access new markets, including that of dried food trade through Global Food Exchange. Domestically, when agro-processors can have dependable supply from an intermediary, like a World Food Bank, who holds product available year-round due to the inherent extended shelf-life properties of their commodities, domestic and foreign direct investment will naturally increase due to dependable reserves of supply. The presence of a World Food Bank entity creates a considerable amount of food security for the host nation and its people as the food reserves are available in the event imports are cut off, a natural disaster or humanitarian crisis hits, all while providing ongoing market price ...

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About World Food Bank

Founded

2016

Estimated Revenue

$1M-$10M

Employees

11-50

Category

Industry

International Affairs

Location

City

Littleton

State

Colorado

Country

United States

Tech Stack (0)

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