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    Managing Future Agriculture

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    praydoc
    The way forward for managing future agriculture is drawn from the excerpt of joint report prepared by FAO, the World Bank and other multilateral agencies entitled, ‘Price Volatility in Food and Agricultural Markets: Policy Responses’.

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    Managing Future Agriculture

    Uploaded by

    praydoc
    36 views1 page
    The way forward for managing future agriculture is drawn from the excerpt of joint report prepared by FAO, the World Bank and other multilateral agencies entitled, ‘Price Volatility in Food and Agricultural Markets: Policy Responses’.

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    The way forward for managing future agriculture is drawn from the excerpt of joint report prepared by FAO, the World Bank and other multilateral agencies entitled, ‘Price Volatility in Food and Agricultural Markets: Policy Responses’.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    36 views1 page

    Managing Future Agriculture

    Uploaded by

    praydoc
    The way forward for managing future agriculture is drawn from the excerpt of joint report prepared by FAO, the World Bank and other multilateral agencies entitled, ‘Price Volatility in Food and Agricultural Markets: Policy Responses’.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
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    Managing future agriculture: The way forward

    The way forward for managing future agriculture is drawn from the excerpt of joint report prepared by FAO, the World Bank and other multilateral agencies entitled, Price Volatility in Food and Agricultural Markets: Policy Responses is given below: Dealing with the issue of climate change, the report notes that changes in timing of nitrogenous fertilizer application, use of slow release formulation and biological modification of plants can increase the efficiency of nitrogen use, reduce the amount converted to N2O and save farmers money. The report predicted a significant reduction in the use of fertilizers can have negative longer term effects on the livelihood of smallholders. The report mentioned that targeted input support to enhance the ability of smallholders to respond to the increase in food prices and contributes towards household and national food security. However, targeted input subsidies involve high costs, while the management of such programs is difficult, especially during periods characterized by volatile food and input prices. As for nutrient and water efficiency, the report has called for adoption of innovations such as optimized nitrogen application in developing countries through sensor technology for nitrogen fertilizer dosing (NVDI). It says improved weather forecasts, fertilizer response predictions and crop modelling should be combined to produce real-time decision guides that can be transmitted rapidly and efficiently by SMS to thousands of farmers. It opined that underlying competition problems that have led to the development of cartels or of monopsonistic/monopolistic market structure should also be tackled. It has called for a producer safety net for certain farmers in a situation where there is a significant and rapid increase in the international price of fertilizers or other inputs. The report emphasized the need to encourage private sector investment at all stages in the value chain upstream of the farm, in seed and fertilizer production and distribution, and downstream in processing, marketing and distribution.

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