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Around 850 million people worldwide are undernourished, mostly living on less than a dollar a day. Two-thirds of the world’s poor live in rural areas where farming is the principal economic activity.
How do small farms in developing countries manage risk? This paper assesses farm-level agricultural risk management strategies in Brazil, China and Viet Nam. Farmers in developing countries often rely on community strategies such as crop sharing, or deplete their assets and so perpetuate poverty. Policies to promote investment, such as access to credit and insurance, can help smallholders move out of poverty or into the non-farm sector.
Governments must create the right enabling environment for growth and trade. We have much to learn from China in this regard. China’s agricultural reforms have played a key role in its remarkable progress in expanding production and improving domestic food security, said Angel Gurría.
Global agricultural production is expected to grow 1.5% a year on average over the coming decade, compared with annual growth of 2.1% between 2003 and 2012, according to a new report published by the OECD and FAO today.
Global agricultural production is expected to grow 1.5% a year on average over the coming decade, compared with annual growth of 2.1% between 2003 and 2012, according to the latest OECD-FAO agricultural market projections for production, consumption, trade, stocks and prices of featured commodities.
The growing food security and poverty challenges that we face deserve our special attention. Experience has shown that only through sharing best practices and lessons learned can we develop more targeted policies and coordinate our efforts at promoting agricultural development through innovation, said Angel Gurría, OECD Secretary-General.
How will global agriculture develop over the coming decade and what role will China play? With limited expansion of farmland and rising production costs, will supply be able to keep pace with demand to ensure food security?
The problems of Japanese agriculture – in particular low productivity and the prevalence of part-time farmers and small plots have been evident for the past 50 years.
Large farm size, low age profile, high educational level and use of financial leverage are factors in high economic performance of farms, according to this analysis of data from nine OECD countries and regions. The analysis shows significant differences in farm economic performances within countries as well as across countries.
Small farms in Turkey are threatening productivity in the agricultural sector and provide a meagre living for workers in this sector. Government policies have begun to change this for the better, but more needs to be done.