OECD Panel: Private investment in food and agriculture can enhance productivity

Posted on by on January 29th, 2013 | 0 Comments »

Organisation for Economic Co-operation and Development (OECD)The Organisation for Economic Co-operation and Development (OECD) hosted a panel in Berlin, Germany, on January 18 that concluded more private investment is needed to enhance food security and agricultural development.

Christoph Wigger, vice president of sales and marketing for Europe, CIS, North Africa, and the Middle East, represented Global Harvest Initiative member John Deere.

Panelists agreed on the urgent need to attract private agricultural investment to stimulate job growth in rural areas and increase food production.

During the event, panelists underlined the importance of public policy to secure land and water rights, adequate infrastructure, open and reliable trade, competitive markets, and agricultural research and development as key elements of an enabling environment for agricultural investment.

These findings echo many of Global Harvest Initiative’s policy priorities: enhancing private sector involvement in agricultural and rural infrastructure development, removing barriers to global and regional trade in agriculture, and improving agricultural research funding, structure and collaboration.

The Global Harvest Initiative supports the OECD’s efforts to call attention to the importance of investment in agriculture. A successful approach to this matter will increase global crop yields and alleviate concerns of food insecurity in the developing world.

OECD panel participants also included Louxon Kazabu, Zambia vice minister of agriculture and livestock; Dr. Bui Ba Bong, Vietnam vice minister of agriculture and rural development; and Detlef Schoen, Aquila Capital Farms managing partner.

More information on GHI’s policy priorities is available at www.globalharvestinitiative.org/index.php/policy-wheel.

Learn more about the OECD discussion in Berlin at www.oecd.org/investment/highlevelpanelonprivateinvestmentinthefoodandagriculturesectors.htm.

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