Report calls for Investment and Smart regulatory systems to stimulate Innovation during a volatile business cycle, as Agricultural Productivity Growth Stalls
Global demand for food and agriculture products is skyrocketing, driven by a growing population and middle class, yet in high-income countries, like the U.S., productivity growth rates have slowed and agricultural output has declined to levels not seen since the 1980s. This downward trend in productivity raises questions about the health of U.S. agriculture, which is a key driver of the economy, providing $2 trillion in revenue annually and employing 19 million people.
The GAP Report argues that the best way for farmers to improve their competitiveness is to adopt technologies and practices that make their operations more productive and sustainable. With precision agriculture, advancements in seed, fertilizer, biotechnologies and animal welfare practices, farmers can manage costs while producing more and protecting their soils, water quality, and animal health.
GHI calls for renewed commitment to public agricultural research and development (R&D) and improvements to regulatory systems to stimulate innovations that will improve productivity and support the development of resilient food and agriculture systems that adapt to and help mitigate climate change.
Illustration Photo: Filling the Planter with Precision Agriculture (Credit: United Soybean Board/Flickr CC BY 2.0) https://adalidda.net/posts/5iKSPRkWQPBCZMpqk/report-calls-for-investment-and-smart-regulatory-systems-to