Dearth of Agriculture Research Funding Hits Farm Productivity

y5579e0iLast week The Associated Press shined a light on the global fall in agricultural research funding. In the article, the impacts of this fall are outlined.

Philip Pardey, professor of science and technology policy at the University of Minnesota, talks about the decline:

The ultimate consequences of the productivity slowdown are that we’re going to move away from a 50-year trend of declining real prices of food to moving back into a trend for increasing food prices.

Making agriculture R&D a top priority is key to ensuring, as Professor Pardey says, that food prices don’t increase.

However rising food prices have been a recent trend, according to the United Nations:

The U.N. World Food Program executive director Josette Sheeran said in Canberra on Monday that most of the developing world is paying more for food despite drops in commodity market prices during the global economic slowdown, with 200 million people joining the ranks of the hungry in the past two years.

By pushing on with greater agriculture investment funding, more can be done to battle against global food shortages and ensure more efficient food production.

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