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Agribusiness (including agriculture) accounts for almost one third of South Asia's GDP and has the potential to almost double over the next fifteen years (reaching 1.5 trillion US dollars by 2030). This increase will be driven by rapid growth in population, incomes and urbanization, as well as accelerated transformation of the sector towards higher value products and downstream activities. The highest growth will come from processed food and related services, such as food retail and restaurants which will create millions of productive jobs outside agriculture and positive backward linkages for farmers. Removing restrictions on trade, markets and prices would support this transformation; reforms in these areas are already showing promising effects. In addition, governments should continue to support smaller and poorer farmers, who may not benefit from this transformation. More targeted and pro-active support should be provided to raise productivity, rather than blanket subsidies and price controls that encourage the status quo and threaten the sustainability of the sector in the face of climate change (for example, large untargeted water subsidies).
Agribusiness --- Agricultural Trade --- Agriculture --- Competitiveness and Competition Policy --- Export Competitiveness --- Financial and Private Sector Development --- Infrastructure Services For Private Sector Development --- Micro, Small and Medium Enterprise Support --- Private Sector Development --- Productivity --- Regulation and Competition Policy --- Trade Policy --- Value Chains
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A proper understanding of the risks faced by the agricultural sector and effective strategies to manage those risks is vital to creating a diversified and resilient economy for sustained growth and economic transformation. Increasing Agricultural Resilience through Better Risk Management in Zambia provides a rigorous analysis of the production, marketing, and enabling environment risks faced by Zambia's agricultural sector and prioritizes solutions to manage the risks. In terms of the severity and frequency of adverse impacts, the analysis shows that droughts, floods, price volatilities, and trade restrictions are the principal risks affecting agriculture in the country. Exposure to the consequences of these and other risks can be effectively limited through risk management systems tailored to the country's context. Three areas of risk management are found to warrant priority, with significant potential for synergizing actions undertaken across them: Strengthen early warning system to detect threats to food security; Develop climate-smart agriculture and increase resilience to climate-related shocks through diversification; and Develop the Zambian Commodity Exchange (ZAMACE) and build a shock-responsive safety net.
Agricultural Extension --- Agricultural Finance --- Agricultural Productivity --- Agricultural Sector --- Agricultural Sector Economics --- Agriculture --- Climate Change and Agriculture --- Crops --- Crops and Crop Management Systems --- Food Security --- Livestock --- Livestock and Animal Husbandry --- Natural Resources --- Risk Management
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