AGRIBUSINESS
Growing and feeding vibrant economies
With more than 1 billion young people in developing countries expected to reach working age over the next decade, the need to create jobs has never been more urgent. Agriculture accounts for roughly 40 percent of jobs in those same countries. A thriving agribusiness sector offers a huge opportunity for overall economic growth, jobs along the entire value chain, and the means to feed a rapidly growing population. But there are huge challenges as well. The sector and the people at the heart of it are chronically underfunded. Only 10 percent of farmers have access to commercial finance, and too many cannot grow their businesses beyond subsistence farming. Vulnerability to flooding, droughts, and other climate disasters adds to the burdens.