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Tuesday, 23 October 2012

Principles for responsible investment in agriculture

A two-year consultation process to develop principles for responsible investment in agriculture that respect rights, livelihoods and resources was approved by the 39th Session of the Committee on World Security (CFS), which ended on 20 October 2012 at FAO headquarters.  Consultations will be carried out at global and regional levels under the auspices of CFS.
The principles should be seen as complementary to the "Voluntary guidelines on the responsible governance of tenure of land, fisheries and forests in the context of national food security" endorsed by CFS in May this year after inclusive and participatory negotiations. They will build on existing frameworks and guidelines, and not duplicate work by others.
FAO estimates that the investments required in developing countries to support the required expansion in agricultural output to meet projected demand in 2050 amount to an average net annual investment of $83 billion. This total includes investment needs in primary agriculture and necessary downstream services such as storage and processing facilities. This represents an increase of about 50 percent a year over current levels.

Source: FAO