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Ag investment yields the greatest social, economic, and environmental impacts says new FAO Report
On December 10, the Food and Agriculture Organization of the United Nations (FAO) released the findings of a new report calling for greater investment in agriculture. The State of Food and Agriculture (SOFA 2012): Investing in agriculture for a better future report connects investing in agriculture to reducing hunger and malnutrition and increasing sustainable food production.
The Global Harvest Initiative is pleased this is a focus of FAO’s SOFA series, as investment in agriculture is a cornerstone to improved productivity. The FAO reports that public and private investment in agriculture yields the greatest social, economic, and environmental impacts.
The FAO report stresses the importance of building a strategy centered on farmers, as data indicate farmers are the largest investors in agriculture in developing countries. In low- and middle-income countries, total investment by farmers in their own farms is more than four times greater than government investment in the agriculture sector.
Echoing the themes in the FAO report, the relationship between increasing public- and private-sector investments and greater agricultural output is explored in the Global Harvest Initiative’s 2012 GAP Report® that was released earlier this fall, including research and development and science-based technologies.
This is a timely discussion following the formation of the New Alliance for Food Security and Nutrition, an initiative by G8 nations and private-sector partners designed to lift 50 million people out of poverty in Ethiopia, Ghana, Tanzania, Burkina Faso, Cote d’Ivoire and Mozambique. The SOFA series is a valuable resource for policy makers and organizations, such as GHI, to articulate to decision-makers the critical importance of investing in agriculture.
Read the entire publication here, or click the following image for the executive summary.