Private Investors Play Key Role in Food Security
According to the report ‘Recurring Storms‘, published by the Center for Strategic and International Studies (CSIS), private investment into agriculture is needed to bolster the efforts made to meet the UN’s food security-related Sustainable Development Goals (SDG’s). The report cites how the food price spikes of 2007/2008 lead to increased attention to food security, predicting recurrence of acute incidents of food security in the future.
Private sector involvement is important to secure agricultural inputs and services, but is also key when it comes to deepening market orientation and economic sustainability of public investment in the economy, according to the report sponsored by the Bill and Melinda Gates Foundation. Particular emphasis is given to initiatives such as Growth Africa and the New Alliance for Food Security and Nutrition, which are designed to increase collaboration among private sector firms.
The report is especially relevant to private investors interested in Africa. Africa is estimated to behold 60% of the worlds non cultivated lands. Emmy Simmons, senior non-resident advisors to CSIS Food Security, stated that local African government would be well served to help facilitate private sector investments by agreeing to share some degree of financial risk on agricultural projects and/or by improving overal services such as transportation, energy and management of the economy. Learn more on the report by viewing the launch event below.