The New Vision for Agriculture, defined by World Economic Forum partners in 2009, holds that to meet the world’s needs sustainably agriculture must simultaneously deliver food security, environmental sustainability and economic opportunity. The Vision sets a goal of 20% improvement in each area per decade until 2050. Achieving those goals requires a transformation of the agriculture sector, leveraging market-based approaches through a coordinated effort by all stakeholders, including farmers, government, civil society and the private sector. The key success factors of agriculture-sector transformation at the national level include setting the right direction through effective leadership,
strategy and investment models, and scaling the transformation through finance, infrastructure, institutions and monitoring.
The World Economic Forum’s New Vision for Agriculture initiative engages over 350 organizations in its work to strengthen collaboration among relevant stakeholders. At a global level, it has partnered with the G7 and G20, facilitating informal leadership dialogue and collaboration. At the regional and country level, it has catalysed multistakeholder partnerships in 16 countries in Africa, Asia and Latin America, including two regional partnerships called Grow Africa and Grow Asia. Together, these efforts have mobilized over US $10 billion in investment commitments, of which US$1.2 billion has been implemented, reaching over 3.6 million smallholder farmers.
The World Economic Forum’s New Vision for Agriculture initiative supports national and regional partnership platforms engaging 16 countries across Africa, Asia and Latin America. These partnerships are:
• Country-led, driven by local stakeholders in partnership with global organizations
• Multistakeholder, engaging government, private sector, international organizations, civil society, farmers associations and others
• Market-based, focusing on catalysing and expanding sustainable, inclusive investments and market-based activity
• Aligned with national plans, regional strategies and global goals