Social Impact
AgDevCo projects deliver major benefits for smallholder farmers and local communities, in a number of ways including:
Agriculture drives rural and national economic development
- Provision of affordable irrigation services
- Improved access to agricultural inputs, expertise and markets
- A share of profits from large-scale commercial farming activity
- Ability to add-value through processing and storage facilities
- Job creation throughout the value chain
Agriculture drives rural and national economic development
1Based on data from 42 countries during the period 1981-2003; Expenditure is equivalent to income in growth accounting.
‘Realizing a New Vision for Agriculture: A road map for stakeholders’ (World Economic Forum: Prepared in collaboration with McKinsey & Company)
Original Source: Ligon and Sadoulet 2007 “Estimating the Effects of Aggregate Agricultural Growth on the Distribution of Expenditures.” Background paper for World Development Report 2008
‘Realizing a New Vision for Agriculture: A road map for stakeholders’ (World Economic Forum: Prepared in collaboration with McKinsey & Company)
Original Source: Ligon and Sadoulet 2007 “Estimating the Effects of Aggregate Agricultural Growth on the Distribution of Expenditures.” Background paper for World Development Report 2008
