Sep
13

ADB to discuss challenges pertinent to food security issues and opportunities in farm investment at 2nd Global Large Scale Farm Forum.

Author admin    Category Large Scale Farm News     Tags

MANILA – ASIA and the Pacific, home to two-thirds of the world’s one billion hungry people, need increased investment in agriculture of US$120 billion (S$166 billion) a year for the next 40 years to contain hunger and future spikes in food prices, United Nations and Asian Development Bank officials said on Wednesday.

They said agricultural investments in the region, currently at US$80 billion, will need to rise by 50 per cent to US$120 billion yearly until 2050 – when world population is expected to swell to 9.1 billion from the today’s 6.5 billion. The onus for funding the investments would be on private sources and governments.

‘These statistics belie a crisis that will only get worse in the years to come unless immediate action is taken,’ Mr Kuroda said. ‘Add to this rapid population growth, climate change and water shortages, and the need for action is blindingly apparent.’ He said ADB has committed US$2 billion a year for its food security plan for the region, focusing on boosting productivity, agricultural research, and the food supply chain.

Source: Straits Times: Asia Needs Farm Investment

More on the above will be unravelled at 2nd Global Large Scale Farm Forum on 30th Nov & 1st Dec 2010 in Siem Reap as ADB presents a paper on:

ASIA’S FOOD SECURITY CHALLENGE : OPPORTUNITIES FOR THE NOVEL PARTNERSHIP IN AGRICULTURAL / LAND INVESTMENTS

  • Asia’s food security challenges
  • Land / agricultural investment for food security
  • Need for the novel public / private partnership
  • Steps towards building the new food security partnership in Asia – ADB’s new initiative and strategy

To be presented by: Katsuji Matsunami, Advisor, RSOD cum Practice Leader (Agriculture, Food Security & Rural Development) ADB

Click here for the latest agenda.

Post comment