{"id":306585,"date":"2024-08-06T19:48:21","date_gmt":"2024-08-06T14:18:21","guid":{"rendered":"https:\/\/forumias.com\/blog\/?p=306585"},"modified":"2024-08-06T19:48:21","modified_gmt":"2024-08-06T14:18:21","slug":"international-conference-of-agricultural-economists","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/international-conference-of-agricultural-economists\/","title":{"rendered":"International Conference of Agricultural Economists"},"content":{"rendered":"

Source-<\/strong>This post on International Conference of Agricultural Economists<\/strong> has been created based on the article \u201cInternational Conference of Agricultural Economists: A chance to cement India-Africa partnership in food security<\/strong>\u201d published in \u201cThe Indian Express<\/strong>\u201d on 6 August 2024.<\/p>\n

Context-<\/strong> India is hosting the 32nd International Conference of Agricultural Economists (ICAE) in Delhi from August 2-7. Prime Minister Narendra Modi will be the chief guest, and Agriculture Minister Shivraj Singh Chouhan will be the guest of honor. This is a notable event, as the last time India hosted the ICAE was in Mysore in 1958 with Prime Minister Jawaharlal Nehru.<\/p>\n

India’s G20 presidency in 2022 and Brazil’s in 2023 shaped global food security and hunger policies. India also helped include the African Union in the G20, boosting South-South cooperation. The G20 presidencies from 2022 to 2025 (Indonesia, India, Brazil, South Africa) marks a shift towards prioritizing Global South interests in food systems governance.<\/p>\n

What were the key findings from the ICAE session ?<\/strong><\/h2>\n

A special ICAE session compared experiences of 20 major Indian states with 15 African countries from 2004-05 to 2019-20. Key findings include:<\/p>\n

A) High debt service ratios lead to lower agricultural spending relative to social protection.<\/p>\n

B) African countries consistently underfund agriculture compared to Indian states.<\/p>\n

C) Both regions underinvest in high-return areas like agricultural R&D and extension.<\/p>\n

D) The need for subsidy reforms and resource reallocation to boost agricultural growth and improve child nutrition outcomes.<\/p>\n

What are global food security challenges?<\/strong><\/h2>\n

1) Agriculture and Food Security<\/strong>– Achieving global food and nutritional security faces significant challenges due to climate change and geopolitical conflicts<\/p>\n

2) Global Hunger and Investment-<\/strong> A study by the University of Bonn and FAO suggests that reaching zero hunger by 2030 is becoming unrealistic. It estimates that an extra $21 billion per year is needed in agriculture and rural areas to end global hunger by 2040.<\/p>\n

What should be the way forward?<\/strong><\/h2>\n

1) Bioeconomy Strategies<\/strong>– India and Brazil\u2019s G20 focus on bioeconomy, along with China\u2019s new strategy, highlights the growing global interest in this field. Building a bioeconomy would benefit from global investments, such as those from the Global Climate Fund.<\/p>\n

Read More<\/strong>–<\/strong> Strengthening China-India Relations<\/a><\/p>\n

2) Climate Resilience and System Transformation-<\/strong> It’s important to invest in climate resilience by focusing on adaptation, mitigation, and systemic changes.<\/p>\n

3) Leveraging the Role of G20 and FAO-<\/strong> The G20 can positively influence global food security and hunger solutions. To advance these goals, the G20 should remain active, with the FAO offering crucial studies and investment advice.<\/p>\n

4) India’s Leadership in South-South Cooperation-<\/strong> India can enhance agri-food connections between Africa and itself, benefiting a third of the world\u2019s population. It should use its expertise at the G20 to address global food security challenges.<\/p>\n

Question for practice<\/strong><\/p>\n

What are the challenges to global food security, and what steps should be taken to address them?<\/p>\n","protected":false},"excerpt":{"rendered":"

Source-This post on International Conference of Agricultural Economists has been created based on the article \u201cInternational Conference of Agricultural Economists: A chance to cement India-Africa partnership in food security\u201d published in \u201cThe Indian Express\u201d on 6 August 2024. Context- India is hosting the 32nd International Conference of Agricultural Economists (ICAE) in Delhi from August 2-7.… Continue reading International Conference of Agricultural Economists<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1230,167],"tags":[216,8184,10500],"class_list":["post-306585","post","type-post","status-publish","format-standard","hentry","category-9-pm-daily-articles","category-economy-subject","tag-gs-paper-3","tag-indian-economy","tag-indian-express","entry"],"jetpack_featured_media_url":"","views":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/306585","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=306585"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/306585\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=306585"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=306585"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=306585"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}