Oluchi Chibuzor and Jessica Erobomhan
The global average gross agricultural income per worker is projected to increase by 9 per cent by 2035, driven by productivity gains and broadly stable agricultural prices.
This is according to a new report released today by the Food and Agriculture Organisation of the United Nations (FAO) and the Organisation for Economic Co-operation and Development (OECD).
The report projected that global cereal (grain) production will increase steadily, reaching a record 3.22 billion tonnes by 2035.
The growth, according the report, will be driven mainly by yield improvements of 0.9 per cent annually, while the land area under cereal cultivation is expected to expand by just 0.1 per cent annually, less than half the rate recorded during the previous decade.
