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The Food and Agriculture Organization`s (FAO) initiative of `Globally Important Agricultural Heritage System (GIAHS)` is designed to protect and promote traditional farming systems.
Let`s break down each option:
1. The first option suggests using modern farming technology and financial support to increase agricultural productivity in GIAHS. This is actually contradicting the concept of GIAHS which is about preserving traditional farming methods. Therefore, option 1 is incorrect.
2. The second option is accurate as it aligns with the goal of GIAHS to safeguard environmentally sustainable traditional farm practices, landscapes, biodiversity, and the knowledge systems of local communities. So, option 2 is correct.
3. The third option deals with Geographical Indication status for all agricultural varieties in GIAHS. While this provides economic protection, it`s not the overall goal of the GIAHS initiative. Hence, option 3 is incorrect.
Thus, the correct answer is only option 2. The aim of the GIAHS initiative is to protect, not to modernize or commercially exploit traditional farming systems and their associated landscapes and biodiversity.