A report by the Food and Agriculture Organization of the United Nations (FAO) and the Organisation for Economic Co-operation and Development (OECD) indicated that the global average gross agricultural income per worker is projected to increase by 9 percent by 2035.
Global agricultural incomes are projected to increase by 9% over the next decade, offering encouraging prospects for farmers worldwide, but South African agribusiness has warned that the country must urgently tackle infrastructure failures, crime and regulatory bottlenecks if it hopes to benefit from the expected growth.
The latest OECD-FAO Agricultural Outlook 2026-2035 projects that average gross agricultural income per worker will increase by 9% by 2035, driven by strong global demand for agricultural products and continued gains in productivity.
The report, jointly released by the Food and Agriculture Organization of the United Nations (FAO) and the Organisation for Economic Co-operation and Development (OECD), forecasts that global agricultural and fisheries production will expand by 13% over the next decade, with most of the growth expected to come from Asia, Sub-Saharan Africa and Latin America.
According to the report, if the frequency of shocks experienced in recent years continues, there is a 25% probability that agricultural incomes in 2035 could be lower than current levels.
