The current rate of agricultural productivity growth is lagging the world's expanding demands, according to a new report released today at the 2010 World Food Prize Symposium in Des Moines, Iowa. The Global Harvest Initiative's 2010 GAP Report, developed with the Farm Foundation and USDA's Economic Research Service (ERS), quantifies for the first time the difference between the current rate of global agricultural productivity growth and the pace required to meet future needs.
Doubling agricultural output to meet global demand by 2050 will require an annual average growth of at least 1.75% in total factor productivity or TFP, says Neil Conklin, president of the Farm Foundation and author of the report. Total factor productivity is the increase in output per unit of total resources employed in production. Between 2000 and 2007, ERS estimates global ag TFP growth averaged 1.4% per year.
Doubling agricultural output to meet global demand by 2050 will require an annual average growth of at least 1.75% in total factor productivity or TFP, says Neil Conklin, president of the Farm Foundation and author of the report. Total factor productivity is the increase in output per unit of total resources employed in production. Between 2000 and 2007, ERS estimates global ag TFP growth averaged 1.4% per year.
Published: Oct 13, 2010
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