THE 2024 GLOBAL AGRICULTURAL PRODUCTIVITY REPORT
1. Slowdown in Productivity Growth: The report notes a significant slowdown in global agricultural productivity growth, which has decreased from 1.9% annually (2001-2010) to 0.7% annually (2013-2022).
2. "Valley of Death": A major challenge identified is the "valley of death," which refers to the gap between the development of new agricultural innovations and their adoption by farmers. This gap hinders the potential impact of these innovations.
3. Bundling Tools: The report emphasizes the importance of bundling proven and emerging tools with effective distribution mechanisms, socio-economic tools, and policy levers to overcome barriers to technology adoption.
4. Sustainable Productivity Growth: Achieving sustainable productivity growth is crucial for meeting global food demands by 2050 and addressing environmental challenges. The report calls for increased innovation, partnerships, and reductions in food waste to meet these goals.
5. Focus on Smallholder Farmers: Tailored bundles of tools and technologies are particularly important for smallholder farmers, who often face the greatest barriers to adoption.
