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Abstract

There are 2.6 billion people in the world that earn less than $2USD/day and over three quarters of them acquire their living either directly from agriculture production or are very closely associated with it. Economic growth in the agriculture and rural sectors is more important than economic growth in non-agricultural sectors in reducing poverty in many developing countries. Governments in developing countries should make sure that the conditions for economic growth are provided and support the agricultural and rural sectors through the conduct of research that is appropriate for the conditions within developing economies. Developed economies should continue to reduce their support for their own agriculture or change it so that it is trade neutral and developing economies are not adversely affected. The transfer of financial resources directly to the poor either though remittances from relatives working abroad or from governments through schemes like food stamps or cash transfers should be considered.

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