FAO Investment Centre

Initiative on soaring food prices now covers 54 countries

09/07/2008

"...The provision of seeds, fertilizers and other agricultural inputs to small farmers is intended to encourage donors, financial institutions and national governments to support the provision of inputs on a much larger scale, according to FAO experts who stress that their Initiative is intended to produce a salutary catalytic effect that will encourage development partners to contribute to similar projects, but on a larger scale.

According to FAO, countries most affected, especially in Africa, will need at least a total of US$1.7 billion to start reviving agricultural systems that have been neglected for several decades. And this amount is just for immediate and short term measures during 2008-2009."...

More information at : http://www.fao.org/newsroom/en/news/2008/1000877/index.html