Capital Requirements for Agriculture in Developing Countries to 2050
No hay miniatura disponible
Fecha
Título de la revista
ISSN de la revista
Título del volumen
Editor
Resumen
Descripción
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.