Report Encourages Investment in Small-Scale Agriculture
The More and Better Network recently published a report, Investments in Small-Scale Sustainable Agriculture, shedding light on the lack of financial investment plans available to small-scale food producers across the globe. The More and Better Network is an international network for support of food, agriculture, and rural development to eradicate hunger and poverty, and this report emphasizes the major challenges small-scale food producers face in maintaining their businesses and enhancing food security, as well as the importance of community organization.
According to the United Nations Global Compact, small-scale agriculture provides food for approximately 70 percent of the world’s population. Additionally, there are approximately 2 billion people living in poverty in developing countries that depend on some form of agriculture for their livelihoods, according to the Initiative for Smallholder Finance. While small-scale producers are shown here to play a major role in global food systems, The More and Better Network highlights that global investments in small-scale agriculture constitute a small share of governmental budgets and investments in developing countries, which results in a decline in food security and an increase in overall hunger and poverty levels.
To illustrate this, the report draws on statistics published by the U.N. Food and Agriculture Organization (FAO), which states that, globally, governments have allocated less than two percent of central government expenditures to small-scale agricultural development between 2001 and 2015; and, that Official Development Assistance (ODA) —which refers to the flow of international financial aid for developing countries— for agriculture declined by 50 percent globally by 2004.
Read the full article: Food Tank