Looking for a specific product?

Make a search for products & suppliers, articles & news.

Benefit Sharing Fund strengthened by almost NOK 700,000

The Ministry of Agriculture and Food, on behalf of Norway, recently contributed NOK 683,000 to a Benefit Sharing Fund that has been created under the International Treaty on Plant Genetic Resources for Food and Agriculture (ITPGRFA).

The fund has been created to stimulate the preservation and development of plant genetic resources among individual farmers, especially in developing countries.
Norway has played an active role in both the work of formulating the treaty and its implementation. Among other things, the treaty is a foundation for the establishment of the Svalbard Global Seed Vault.
 Norway makes a financial contribution to the fund equivalent to 0.1 per cent of the value of sales of seeds in Norway - or approximately NOK 600,000 - 700,000 a year. The contribution is financed from the Ministry of Agriculture and Food's budget.

Food production must be doubled
"We believe this is the most direct method of increasing the developing countries' ability to improve, preserve and exploit cultivated plants in their own fields - and of course ensure food for their families," says Minister of Agriculture and Food Trygve Slagsvold Vedum.

"The world's food production must be doubled over the course of the next 40 years if we are to meet the global population increase and prevent famine. All countries will be dependent on having plant material that can tolerate climate difficulties and make the best possible use of growing conditions," continues Slagsvold Vedum.

Fair distribution
The International Treaty on Plant Genetic Resources for Food and Agriculture (ITPGRFA) is the most important international agreement for ensuring secure access to genetic resources across national borders for farmers, plant breeders and researchers.

The fair distribution of revenues and benefits from the use of the resources is one of the treaty's fundamental principles, which is why the Benefit Sharing Fund has been set up.

Improved organisation of small farmers and ensuring their access to production resources such as earth, water and seeds is central to securing the world's food supplies. (Photo: Jørgen Schytte/Scanpix)
 

Related news

Latest news

Wind powered oil recovery concept moves closer to implementation

The DNV GL-led joint industry project,

Feeding the future with AKVA

AKVA group has seen a strong market response to the new AKVAconnect feeding system, released late 2016 into the Chilean market. Customer feedback has been very positive resulting in a strong increase in sales.

The Mohammed bin Rashid Al Maktoum Solar Park Phase II will be managed by GreenPowerMonitor monitoring solutions

The project forms part of the larger 1 GW Mohammed bin Rashid Al Maktoum Solar Park

Chalet and chaletino, oak flooring of exceptional length and width

Chalet and Chaletino from BOEN is parquet flooring made with exceptionally wide and long planks of the finest timber.

Fire in Vestdavit offices – Possible disruption of service

Vestdavit and all staff would like to express sincere thanks for the inquiries and good wishes sent to us by our industry partners,

TechnipFMC and DOF Subsea announce delivery of Sk

Technip FMC and DOF Subsea announce the delivery of Skandi Búzios and commencement of contract with Petrobras.

DNV GL Receives APS’s Supplier of the Year Award

DNV GL has been awarded Arizona Public Service Company (APS) 2017 Supplier of the Year Award for Customer Service in recognition of its work helping APS deliver the Solutions for Business energy efficiency program.

DNV GL advises on GBP 210 million investment for three new UK wind farms

DNV GL advises respected lenders, including Santander, on their GBP 210 million investment in a new 151 MW onshore wind portfolio.

Semcon Initiative for more Women as Engineers

In a new survey, half of the young women who want to study technology say that they lack female role models. With a mentoring programme for high schools and the browser extension Re-Search, technology company Semcon hopes ...