United Nations Calls For G8 To Boost Investment in Agriculture

July 7, 2008 07:00 PM

AgWeb.com Editors

The United Nations is calling on the Group of Eight (G8) that is currently meeting in Japan to substantially boost investment in agriculture.

The UN Food and Agriculture Organization (FAO), the International Fund for Agricultural Development (IFAD) and the World Food Programme (WFP), each based in Rome, said in a joint press release that the decline in agricultural investment over the past three decades is one of the main causes of the current food crisis.

Boosting public and private investment in agricultural development would contribute to tackling the global food crisis, they stated.

The silver lining to the current surge in food prices is that high prices would make agriculture attractive to private investors, the agencies noted.

The agencies' stated goal is to double global food production by the middle of the century to feed the world population, by which time is expected to reach over nine billion.

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