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World Bank, 2010
Rising global interest in farmland: Can it yield sustainable and equitable benefits?
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Interest in farmland is rising. And, given commodity price volatility, growing human and environmental pressures, and worries about food security, this interest will increase, especially in the developing world. Many countries have suitable land available that is either not cultivated or produces well below its potential. This was a development challenge even before the food price rise of 2008. 75% of the world’s poor are rural, and most are engaged in farming. The need for more and better investment in agriculture to reduce poverty, increase economic growth and promote environmental sustainability was already clear when there were "only" 830 million hungry people before the food price rise. The case is even clearer today when, for the first time in human history, over a billion people go to bed hungry each night. The lack of reliable information has made it difficult to understand what has been actually happening. Against this backdrop, the World Bank, under the leadership of Managing Director Ngozi Okonjo-Iweala, along with other development partners, has highlighted the need for good empirical evidence to inform decision-makers, especially in developing countries. One result is this report.
Added on 20 September 2010
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