In many developing countries, agriculture is the main driver of the economy and the primary source of income for the population. But it is more than just an economic activity: it is a fundamental pillar of development and opportunity. Why is investing in the sector so important?
🌾 Job creation: In rural areas, agriculture provides employment for millions of people. According to the World Bank, forty-three percent of the population lives in rural areas, while 26% of women and 27% of men depend on agriculture for their livelihoods. Agricultural growth is 2x-4x more effective than other sectors in raising the incomes of the poorest segments of society.
🌱 Food security: Improving agricultural productivity means ensuring access to nutritious and affordable food for all. Since 2000, cereal yields per hectare have increased from 3,069 kg/ha to 4,182 kg/ha (World Bank).
💧 Innovation and sustainability: Technology and efficient irrigation systems help boost productivity, conserve natural resources, and reduce poverty. The UN estimates that an additional $140 billion per year is needed for agriculture and rural development to end poverty and hunger, $50 billion of which should come from the private sector.
🌍 Infrastructure development: Investment in agricultural projects not only improves crop yields, but also drives the creation of essential infrastructure, such as roads, storage systems, and cold chains that link farmers to local and global markets.
Ultimately, strengthening the agricultural sector is key to achieving inclusive economic development, reducing inequalities, and moving toward a more equitable and sustainable future.
