FAO reports on disasters and drought finance in agriculture

According to FAO, over the last 30 years, an estimated $3.8 trillion worth of crops and livestock production has been lost due to disaster events, corresponding to an average loss of $123 billion per year or 5 per cent of annual global agricultural gross domestic product (GDP).

The impact of disasters on agriculture and food security brings the first-ever global estimation of the impact of disasters on agricultural production focused on crops and livestock. The report stresses the need for urgently improving data and information on the impact of disasters on all subsectors of agriculture to create data systems that can serve as the foundation upon which effective action can be built and informed.

Enabling pathways for drought finance in agriculture offers a comprehensive analysis of drought finance, outlining innovative strategies to support global efforts in building drought resilience through increased financial flows. FAO believes that creating an enabling environment for the financial sector is crucial to intensifying investments, and must be done by aligning the interest of various actors, including public and private stakeholders, the development and scientific community, and the impacted sectors.

• Explore and download The impact of disasters on agriculture and food security and Enabling pathways for drought finance in agriculture.