Are small farms a barrier to growth in developing countries?

The research suggests that having too many small farms creates a barrier to growth in developing countries, where agriculture accounts for, on average, more than 25% of GDP and employs at least 40% of the total workforce.

How does agriculture affect economic growth in developing countries?

However, the impact of agriculture on economic growth in developing countries is complex and depends on various factors. In many developing countries, rural communities are often marginalized and suffer from a lack of basic services, making rural development a crucial aspect of overall development efforts.

Why do developing countries need to increase agricultural innovation?

WASHINGTON, September 16, 2019 – Developing countries need to dramatically increase agricultural innovation and the use of technology by farmers, to eliminate poverty, meet the rising demand for food, and cope with the adverse effects of climate change, says a new World Bank report released today.