Investing in the Future of Rural Non-farm Economies

Development strategies that focus solely on urban development and leave rural communities behind are not adequate to overcome the development challenges we face. The in-situ development of rural economies and societies must be a central objective of development if nations are to achieve the goals of the 2030 Agenda. A precondition for substantial rural transformation and growth is higher agricultural productivity and the subsequent reallocation of productive resources towards expanding the non-agricultural rural sector. A dynamic local rural economy can benefit from and complement urban growth, alleviate poverty, and reduce migratory pressures on growing cities. Country examples show that it is possible to accelerate in-situ development by investing in infrastructure, offering educational opportunities, expanding financial services, and speeding up the adoption of technologies in food and non-food producing sectors. These investments help create a virtuous circle of agricultural productivity and non-agricultural development.