Agriculture plays a key role in achieving food security, reducing poverty and promoting development worldwide. However,
in order to respond to rapid population growth and meet the growing food demand of an expanding middle class, global
agricultural output needs to almost double by 2050. At the same time, climate change is posing an increasing threat:
for each degree Celsius the global temperature rises, the potential grain crop yield loss is about 5 percent. Already,
since 1980, global wheat and maize production is 3-5 percent lower than if warming trends had not occurred.
In order to respond to rapid population growth and meet the growing food demand of an expanding middle class, global
agricultural output needs to almost double by 2050.
In Latin America and the Caribbean, agriculture faces significant challenges, including both low productivity and
climate change impacts. For example, changes in temperature and rainfall triggered a recent coffee leaf rust outbreak
in Central America that halved coffee production and generated an estimated US$ 500 million in losses for the 2012-2013
crop year. Moreover, greenhouse gas emissions from agriculture in the region, including crops and livestock, have
doubled in the last fifty years, growing from 388 to over 900 million tons of CO2 equivalent. In view of the importance
of agriculture and the related challenges ahead, the MIF is focusing on Climate-Smart Agriculture (CSA), which
involves the efficient use of resources focused on protecting the environment, implementing best available practices
and technologies, and adopting a value chain approach that increases market access and improves resilience along
the value chain.