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Global Agriculture And Food Security Program (GAFSP), Its Mission And Role Of Agriculture In Global Economy

The Global Agriculture and Food Security Program (GAFSP) is a multilateral mechanism to assist in the implementation of pledges made by the G20 in Pittsburgh in September 2009. The objective is to improve incomes and food and nutrition security in low-income countries by boosting agricultural productivity.

Approximately 75% of the poor live in rural areas and most depend on agriculture for their livelihoods. Agriculture growth is two to four times more effective at reducing poverty than growth in any other sector. GAFSP addresses the underfunding of country and regional agriculture and food security strategic investment plans that are already being developed by countries in consultation with donors and other stakeholders at the country-level.

Launched by the G20 in response to the 2007–2008 food price crisis, the Global Agriculture and Food Security Program (GAFSP) is a multilateral financing instrument dedicated to fighting hunger, malnutrition, and poverty in the world’s poorest countries. GAFSP work to support smallholder farmers and their families by strengthening sustainable and resilient food and agriculture systems.

The Global Agriculture and Food Security Program (GAFSP) was launched in response to the food price crisis to address a clear need for increased investment in agriculture and food security. Since 2010, GAFSP have been providing additional financial and technical resources to reduce poverty, hunger, and malnutrition in low-income countries.

Since 2010, GAFSP have provided $1.7 billion in financial and technical resources to projects along the entire agriculture value chain. These funds are delivered through partnerships with multilateral development agencies and private sector actors with presence and expertise on the ground.

Mission Of Global Agriculture and Food Security Program (GAFSP)

Global Agriculture and Food Security Program (GAFSP) has three major missions. These missions are discussed below:

Reduce Poverty

Through long-term investments in agriculture, food and nutrition security, GAFSP projects create employment opportunities, generate incomes, and reduce rural poverty.

Fight Hunger

Globally, more than 820 million people go to bed hungry every day. GAFSP amplify the impact of development assistance with the goal of fighting hunger.

Empower Farmers

80% of the world’s food is grown on small or family farms. GAFSP support resilient and sustainable agriculture systems that benefit and empower vulnerable smallholder farmers and their families.

Every day, GAFSP help empower millions of farmers. More than 16 million rural people, including approximately 6.3 million women, have received direct support through our public sector projects.

GAFSP have channeled $1.7 billion to fight hunger, malnutrition and poverty, with $1.3 billion in grant financing, $416.5 million in private sector financing, and $13.2 million to producer organization-led projects.

GAFSP’s public sector investments directly address climate change through mitigation and adaption technologies such as resistant seed varieties, more efficient irrigation and drought resistant mulching.

GAFSP is a leading global financing instrument dedicated to fighting hunger, malnutrition, and poverty in the world’s poorest countries. GAFSP works to strengthen agriculture and food systems to improve the lives of smallholder farmers and their families.

Role of Agriculture In The Global Economy

Agriculture plays a crucial role in the economy of developing countries, and provides the main source of food, income and employment to their rural populations.

According to FAO (2000), it has been established that the share of the agricultural population in the total populace is 67% that agriculture accounts for 39.4% of the GDP and that 43% of all exports consist of agricultural goods.

It has become increasingly evident in the last few years that the conception of both economist and policy- makers regarding the role of agriculture in economic development has undergone an important evolution.

Roughly one quarter of the Earths terrestrial surface is now under cultivation with more land converted to crop production in the 30 years after 1950 than in the previous 150 years. In many regions – including Europe, North America, Australia and recently Brazil, China and India-humanity has also become skillful at raising yields through using inputs like fertilizers, pesticides and organic manures.

Yet in many poorer countries with low productivity rates and growing populations, agriculture continues to expand into marginal and fragile lands. In much of sub-Saharan Africa and large parts of Asia – according to estimates compiled by the Millennium Ecosystem Assessment (MEA)- almost no highly productive land is left. However, improvements in agriculture and land use are fundamental to achieving food security, poverty alleviation and overall sustainable development.

Agriculture in the United States is becoming increasingly trade oriented and trade sensitive. Agricultural trade issues are seen to be much more complex now compared to earlier days. Since the mid-1980s, the value of the dollar has been falling on world currency exchanges and few people (including economists) agree on whether this is good, bad, or no big deal.

What do you think?

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