Help 500 Smallholder Farmers in Sub-Saharan Africa

The 2024 season was a year of resilience and progress across our country programs: we served over 5 million smallholder families and delivered more than $420 million in total impact to our clients! As we transition into the 2025 season, we are proud to share our final quarterly update for 2024, including preliminary impact and financial estimates for the year. Here are a few highlights:

• Social Return on Investment (SROI): We measure the new profits generated for farmers for every $1 of donor investment. Although preliminary 2024 estimates indicate below-target core program impact, we achieved an SROI of 5.4 (our highest-ever) in our core program and 10.5 in our systems-change program. This strong efficiency reflects initiatives like increasing farmer-to-Field Officer ratios (e.g., testing higher ratios in Nigeria), and digital efficiency gains from our new tech systems.
• Scale: We served 2.12 million farm families through our core program in 2024, exceeding our target and achieving a strong ~36% growth from 2023. Additionally, we reached 2.95 million farmers through our systems-change work. While this represents a year-over-year decline due to ongoing conflict in Ethiopia and delays in Rwanda’s seed processing program, we maintained momentum in scaling systems-change initiatives with high farmer revenue potential—including agroforestry, market access, and input production. We anticipate a return to stable growth across these programs in 2025.
• US Government Funding Pause: On January 27th, a 90-day pause on foreign aid disbursements was issued by the US government, requiring us to halt important food security, agroforestry, and insurance programs. While One Acre Fund's diversified revenue base has ensured this pause does not present a significant risk, prolonged delays or cancellations of these grants could require replacement funding or force the cancellation of these programs. We look forward to providing updates as the situation evolves.

• 2024_Q4_One_Acre_Fund_Performance_Report.pdf (PDF)