Global Agriculture Spending Hits Record $701 Billion, But Efficiency Slips – FAO
Governments worldwide spent a record $701 billion on agriculture in 2023, according to a new FAO report — yet the sector’s share of economic output continues to shrink. The “Tracking Progress on Food and Agriculture-Related SDG Indicators 2025” report shows that while absolute spending on agriculture has surged, the Agriculture Orientation Index (which measures agricultural…