Developing countries need $83 bn a year to feed 9.1bn people in 2050

by Dave

Primary agriculture investment needs include some $20 billion a year earmarked for crop production and $13 billion for livestock, the FAO said in a paper ahead of a forum on how to feed the world in 2050 it is due to hold on 12 Oct-13 Oct in Rome.

A further $50 billion a year would be needed for downstream services, such as storage and processing facilities, it said. Most of this investment would have to come from private investors: farmers buying seeds, fertilisers and machinery and businesses investing in processing facilities, the agency said.

On top of this, public investments are needed in agriculture research and development, in big infrastructure projects such as building roads, ports, storage and irrigation systems as well as into education and healthcare, the FAO said.

Up to $29 billion of the $83 billion projected annual net investments in agriculture would need to be spent in the two countries with the largest populations — India and China.

Sub-Saharan Africa would need about $11 billion, Latin America and the Caribbean region would require some $20 billion, the West Asia and North Africa $10 billion, South Asia $20 billion and East Asia $24 billion, it said.