Investorideas.com – Agriculture News; New World Bank Report Sees Growing Global Demand for Farmland

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It says for investments to do no harm, be sustainable and contribute to development they should adhere to these principles: : 1) Respect land and resource rights; 2) Ensure food security; 3) Ensure transparency, good governance and a proper enabling environment; 4.) Consultation and participation; 5) Responsible agro-enterprise investing; 6) Social sustainability and 7) environmental sustainability.
The Bank is now working with governments and other stakeholders to translate the principles into practice. A multi-stakeholder e-discussion on the farmland report will take place later this month.
Hosted by the Global Donor Platform for Rural Development and facilitated by the International Institute for Sustainable Development, it will garner inputs from farmer groups, CSOs, private sector representatives and public policymakers on options for viable policies moving forward.
The Bank is now working with governments and other stakeholders to translate the principles into practice. A multi-stakeholder e-discussion on the farmland report will take place beginning Monday, September 13. Hosted by the Global Donor Platform for Rural Development and facilitated by the International Institute for Sustainable Development, it will garner inputs from farmer groups, CSOs, private sector representatives and public policymakers on options for viable policies moving forward. Join the e-discussion at http://ediscussion.donorplatform.org/
The report, a joint production of the Bank’s research and agriculture and rural departments, predicts the wave of interest will continue. By conservative estimates, in developing countries six million hectares of additional land will be under production each year to 2030. Two-thirds of the expansion over the next 20 years is likely to be in Sub-Saharan Africa and Latin America, where potential farmland is relatively abundant. Multi-stakeholder efforts to monitor and share experience about successful approaches and partnerships between investors and local producers will be of great importance.

Rising Global Interest in Farmland and the Importance of Responsible Agricultural Investment (pdf)http://siteresources.worldbank.org/INTARD/Resources/Joint_Issues_Note_54_v6.pdf
Contacts
Merrell Tuck-Primdahl: Mtuckprimdahl@worldbank.org, 202-473-9516Amy Stilwell: astilwell@worldbank.org, 202-458-4906

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