Africa’s growth lies with smallholder farmers
As the world’s population surges towards nine billion by midcentury, food production has failed to keep pace, creating rising food shortages and a global food crisis ahead, according to the United Nations. To avoid mass starvation, the world needs to produce 70% more food by 2050.
The greatest potential to deliver that growth exists in Africa. The African continent is home to 25% of the world’s agricultural land. Yet it produces just 10% of the world’s food. That compares with China, which has just 10% of the world’s agricultural land, but produces 20% of the global food supply.
If Africa can now rise to the challenge of upgrading its agricultural output, it will open the way to a takeoff in GDP, greater youth employment, and the potential of positive trade balances and rising currencies.