Adaptation Asia – Panra Fund is a USD 50M agribusiness debt fund to improve the ecological health of croplands in the Philippines, using a digital platform connected to remote sensors that can measure and monetize adaptation benefits.  It provides flexible, revenue-based financing and technical support to 15-20 climate-smart agribusinesses.

Southeast Asia is highly vulnerable to climate change, standing out globally as being at the nexus of very high climate vulnerability and relatively low readiness. Agriculture is already affected, reducing crop yields, livestock production, and rural incomes, particularly for small farmers who make up 40% of the workforce. Yet adaptation efforts remain underfunded: only 12% of climate finance in the region targets adaptation, and 88% of needs remain unmet, leaving agrifood systems exposed and resilience investments severely constrained.

Adaptation Asia – Panra Fund, a climate adaptation debt fund by Adaptation Asia and Planetary X, integrates biodiversity credits, known as Ecosystem Resilience Assets (ERAs), into agribusiness lending. The Fund will provide patient, revenue-based, and convertible loans to regenerative agriculture enterprises, while a digital platform verifies and monetizes outcomes like improved soil health and biodiversity. This creates a dual-return model, delivering financial returns to investors and direct, performance-based ecosystem payments to farmers.

According to Adaptation Asia and Planetary X, Panra aims to support more than 1.8 million farmers, 60% of them women, across 5 million hectares in adopting climate-resilient practices over the next decade. By financing smallholder-focused agribusinesses, the fund seeks to reduce climate vulnerability, strengthen adaptive capacity, and improve ecosystem health. ERA-linked revenues provide direct financial incentives for farmers, advancing food security, gender equity, and measurable adaptation outcomes in some of Southeast Asia’s most climate-exposed communities.