Brussels, 07/01/2016 (Agence Europe) - A number of agricultural players (Limagrain, Euralis, In Vivo, PNPSMS, Crédit Agricole and La Coop Fédérée du Québec) decided on Thursday 7 January to launch the first rating agency reserved to agriculture and food.
It is to be called the Momagri Agency, after the name of the think tank behind the initiative which wants to show that agriculture is a matter of major global strategic importance. The Momagri Agency has set itself the task of better analysis and understands the risks that impact on world agricultural and food production so that decision makers may more easily anticipate crises and take more appropriate measures to address current upheavals, says a press release from Momagri. New instruments have been designed which take account of the instability of agricultural markets, food security and states' agricultural strategies.
Since the founders of the new agency believe that the power of states depends on their “food solvability”, their food solvability indicator (ISA) assesses the assets which determine states' “agricultural power” and, thus, their ability to ensure domestic food security, and also the growth potential of these assets. The ISA will be applied to 36 countries. The Momagri Agency has two further indicators: - the SGPAA (Global Support to Agricultural and Food Production), developed to provide an alternative to official indicators, giving it a more realistic view of agricultural aid granted by states; - the FAPSI (Food and Agricultural Policies Stability Index), an indicator of the stability of agricultural policies, jointly designed with the FAO.
Publications on market and country analyses will be available from 8 January 2016 at http://www.agence-momagri.com (Original version in French by Lionel Changeur)