Year of publication 2009

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Author Josef Schmidhuber, Jelle Bruinsma and Gerold Boedeker

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Product type Document

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Category Other document

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Edition 1

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Synopsis (short abstract) Cumulative gross investment requirements for developing countries’ agriculture add up to a total of nearly US$9.2 trillion over the next 44 years (2005/07-2050). This amount would be necessary to remain consistent with FAO’s long-term outlook for global agriculture (World agriculture: towards 2030/50). Broken down by type of investment, more than US$5.5 trillion or 60 percent of the total would be required to replace the existing capital stock (or new capital items that are being added a nd subsequently depreciated over the 44 year period to 2050); the rest, i.e. about US$3.6 trillion would need to be added to the existing capital stock to increase (nearly double) output and raise productivity. Broken down by activity, primary agriculture accounts for about US$5.2 trillion of the total, while the remaining US$4.0 trillion is absorbed by downstream needs (processing, transportation, storage, etc.). Within primary agriculture, mechanization accounts for the single bigges t investment item (25 percent) followed by expansion and improvement of irrigation (nearly 20 percent). Broken down into annual amounts, the cumulative investments result in yearly averages of about US$210 billion gross and US$83 billion net, respectively. All estimates, gross and net, cumulative and annual, are in constant 2009 dollars.

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Language English

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