FAO
- INTERNATIONAL
News: Farmers lost $3.8 trillion to
disasters over 30 years: FAO’s first-ever global estimation
What's
in the news?
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An estimated $3.8 trillion worth of crops
and livestock production has been lost due to natural disasters over the last
30 years, with Asia experiencing the largest share of the total economic
losses, according to a report by the Food and Agriculture Organization (FAO).
Key
takeaways:
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The loss corresponded to an average of
$123 billion per year, or 5 per cent of annual global agricultural gross
domestic product (GDP). This is the first-ever global estimation of the impact
of disasters on agricultural production focused on crops and livestock.
FAO:
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The Food and Agriculture Organization is a
specialized agency of the United Nations
that leads international efforts to defeat hunger and improve nutrition and
food security.
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Its Latin motto, Fiat Panis,
translates to “let there be bread”.
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Headquarters: Rome, Italy.
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Founded: 16 October 1945, Quebec City,
Canada.
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Parent organization: United Nations Economic and Social Council.
Members:
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195 members – 194 countries and the
European Union.
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FAO works in over 130 countries worldwide.
Objective:
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To achieve food security for all and make
sure that people have regular access to enough high-quality food to lead
active, healthy lives.
Associated
Organisations:
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World Food Programme
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International Fund for Agricultural
Development (IFAD)
Reports:
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The State of World Fisheries and
Aquaculture (SOFIA).
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The State of the World’s Forests (SOFO).
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The State of Food Security and Nutrition
in the World (SOFI).
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The State of Food and Agriculture (SOFA).
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The State of Agricultural Commodity
Markets (SOCO).
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Food Price Index.