New analysis reveals that US$443 billion a year in climate finance is needed to help small-scale family farmers adapt to climate change impacts. This is less than the US$470 billion a year that is spent on agricultural subsidies which are harmful to people and planet, and is equivalent to an annual average investment of US$953 for a 1 hectare farm. The analysis was conducted by Climate Focus for Family Farmers for Climate Action (FFCA) – a farmer-led campaign representing 95 million small-scale producers in Africa, Latin America, Asia and the Pacific. Smallholder farms produce half of the world’s food calories and support over 2.5 billion livelihoods across the globe. With adaptation high on the COP30 agenda, and current finance flows to smallholders amounting to just 0.36% of what is needed, FFCA is calling for a major boost in adaptation finance and the establishment of a ‘Farmers Fund’ to ensure money gets to where it will have the most impact.