371. Private-Sector Engagement in Food Security and Agricultural Development
- Author:
- Johanna Nesseth Tuttle
- Publication Date:
- 03-2012
- Content Type:
- Working Paper
- Institution:
- Center for Strategic and International Studies
- Abstract:
- With the introduction of Feed the Future (FTF)—the U.S. government's program to refocus foreign assistance on agricultural development—the private sector has been named a priority partner. President Barack Obama made a bold statement in his 2009 inaugural address, pledging that the United States would work with countries to support and promote food security. Private companies are enthusiastic about engaging in development efforts, and FTF may provide that avenue. The food and agriculture sector has significant capabilities, and market opportunities in developing countries are large and growing. Many companies have engaged in discussions with FTF leadership, and a number of partnerships have been launched. These are important efforts, and more are under way. The fact remains, however, that funding for agricultural development is relatively small—a three-year, $3.5 billion budget, compared to a six-year, $63 billion budget for health—and the investments needed in agriculture are massive: it would take $88.7 billion to meet U.S. global agricultural development goals.
- Topic:
- Agriculture, Development, Emerging Markets, Foreign Aid, Food, and Foreign Direct Investment
- Political Geography:
- United States