The document discusses IFAD's priorities and role in promoting bioenergy and smallholder agriculture. It notes that IFAD has supported over 300 million rural poor people through 829 projects in 115 countries. Smallholder farms are important, with 500 million farms worldwide supporting over 2 billion people. The document discusses opportunities and risks for agriculture, and the role of smallholders and options like cash crops, livestock integration and agro-processing in closing the poverty gap. It advocates using biofuels to expand opportunities for rural smallholders while ensuring food security and environmental sustainability.