Leveraging Proven Solutions for Large Scale Poverty Alleviation - Richard Lackey, World Food Bank |
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There is a path to zero hunger, and ironically when we follow that path we also largely solve for poverty. While millions upon millions have been lifted out of poverty over the many decades in which the task has been adopted by the wealthier market driven world, the task grows harder as we move from helping the poor to the poorest. Thankfully, technology and years of research and testing have given us some very dependable insights into what works and what does not in the mission to lift more than one billion of the world’s poorest out of poverty.
More than 800 million of the world’s poor are directly involved in agriculture. The quality and quantity of what they grow is typically 1/8th of what is found in developed countries. If these farmers were given just four things, they would not only be transported from poverty to middle income, but they would grow enough to fill the gap in the global food challenge for 2050 when we will have two billion more people on the planet. The solution requires the adoption of an efficient ecosystem that incorporates these four things. We will discuss them as well as the unique delivery method for the most important one. Mr. Richard Lackey is a serial entrepreneur with a unique background that includes several years in emergency medical response and medical missions as well as almost three decades as an active trader and fund manager. He has appeared as an expert in the field in magazines, and on radio and television. Mr. Lackey has held eight different securities licenses spanning equity, options and futures markets. Mr. Lackey has served as the Managing Director for five private funds. His expertise in emergency response management as well as the inefficiencies of markets led him along with a world-class team of experts to create the World Food Bank. The World Food Bank is responsible for establishing the world’s most valuable commodities as the world’s newest and potentially safest asset class. Mr. Lackey is also passionate about utilizing the World Food Bank as a solution for the inefficiencies that exist between small farmers and regional and global markets. Mr. Lackey has authored three books on technical analysis and investment management and is a co-developer of the market prediction software, PTI. In addition to leading the World Food Bank, he regularly consults for startup companies needing innovative solutions, marketing direction, or board leadership. He holds dual undergraduate degrees in Marketing and Management from the University of Georgia, and did graduate studies in Hotel Finance and Management at Cornell University. |