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World food security depends on
increased, and above all, better directed
investment in agricultural development in the
developing world. This requires greater
commitment from both developed and developing
countries.
Official aid to agriculture in the
developing countries rose from some US$11 000
million a year in the early 1980s to US$14 000
million in 1988, but has now plummeted to less
than US$10 000 million a year in today's values.
The private sector, including farm households,
provides 80 percent of all investment.
Public spending on agriculture within
developing countries has also fallen. It is
difficult to calculate exactly how much is spent
every year, but FAO data suggest that between
1977 and 1992 some US$26 000 million a year was
invested in on-farm improvements and some US$16 000 million a year in post-harvest facilities
and in agro-industry.
Estimates suggest that the level of net
investment will not have to increase much in
most of the world to meet the needs of the next
two decades; the exception is sub-Saharan
Africa, where investment must double. However,
gross investment, including capital stock
maintenance, needs to grow by about US$39 000
million a year in primary and post-production
operations. Of this, US$5 000 million must be
spent on rural infrastructure and social
services, which have been neglected by both
national governments and donors. Less than 10
percent of the US$200 000 million spent on
infrastructure in the developing world in 1993
went to the countryside.
Priorities for investment have shifted in
recent years as a result of diminishing per
caput availability of land, environmental
concerns and a greater focus on people and
poverty. Future needs include the development of
new technology; intensification (via irrigation,
land improvement, mechanization and the use of
purchased inputs); the upgrading or construction
of facilities to handle, store, process,
transport and market produce; and the
improvement of rural roads, power supplies and
telecommunications. These priorities vary from
region to region. In Asia and Latin America, for
example, rapid urban growth calls for relatively
large investment in marketing and processing,
while in Africa rural infrastructure is a top
priority.
Issues such as locust and desertification
control, early warning systems for drought and
famines, outbreaks of plant and animal disease
and shared fishery and water resources involve
more than one country at a time. Investment is
particularly weak and difficult to organize
unless the countries concerned are committed to
finding solutions.
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