Pandemic, Conflict, and Extreme Weather Highlight the Need to Protect Global Food Systems

Rhea-AI Summary

Economist Impact has released the 2022 Global Food Security Index (GFSI), highlighting a decline in global food security due to challenges such as the COVID-19 pandemic, rising food costs, and extreme weather. The report shows a 4% drop in food quality and safety from 2019 to 2022. It emphasizes the need for long-term investments in agriculture, especially in R&D and infrastructure, to combat rising food prices and hunger. Corteva Agriscience supports the GFSI, underlining its commitment to innovation in agriculture to enhance food security.

Positive

• Improved agricultural inputs reflected in GFSI scores.
• Corteva's commitment to innovation aids food security efforts.

Negative

• Food quality and safety decreased by 4% from 2019 to 2022.
• Lowest scoring GFSI indicators relate to agricultural R&D and irrigation.

Economist Impact releases the findings of the 2022 Global Food Security Index (GFSI) supported by Corteva Agriscience

INDIANAPOLIS, Sept. 20, 2022 /PRNewswire/ -- The COVID-19 pandemic, political instability, inflation, rising food costs and extreme weather events in 2022 have showcased the fragility of the global food system and its consequences, especially within global food security. Today, Economist Impact released the eleventh annual Global Food Security Index (GFSI) report, which scores the state of food systems in 113 countries. The Index shows the global food security environment continued to deteriorate after hitting its peak in 2019.

Developed by Economist Impact and supported by Corteva Agriscience, the Index presents an in-depth analysis into how the core pillars of affordability, availability, quality and safety, and sustainability and adaptation impact food security across the world. New this year is the inclusion of critical metrics that link agricultural efforts, such as access to agricultural inputs and investment in R&D, to food security.

The new metrics present a full picture of the food system, highlighting areas that have weakened over the years, including the quality and safety of food that fell by 4% between 2019 and 2022. The food system also remains very vulnerable to climate-related impacts, such as drought, flooding and lack of adequate water for agriculture.

While metrics in the Index show agricultural inputs have had some of the biggest relative improvement in GFSI scores in the past few years, the lowest scoring indicators overall remained in agriculture, including a lack of public expenditure on agricultural R&D, irrigation infrastructure, and the quality of soil organic content.

Building greater resilience within the food system is of the utmost importance, Economist Impact notes in the global report. GFSI indicators reveal that countries are faced with skyrocketing food prices and hunger on an unprecedented scale. We are at a critical crossroads. To avert significant risks in the global food system, long-term structural investments need to be made. 

"Building long-term, systemic resilience should be a priority if the larger trend towards greater food insecurity worldwide is to be reversed" said Pratima Singh, Principal, Policy & Insights at Economist Impact. "This requires engagement and action by all players in the food system—governments, businesses, multilaterals, NGOs and consumers."

Corteva is committed to enriching farming and agriculture while providing farmers with the tools needed to keep growing. Reviewing these critical metrics can help empower farmers and promote the importance of investment in agricultural R&D.

"Long-term food security depends on addressing some of the major challenges in the agriculture industry that affect farmers," said Tim Glenn, Executive Vice President, Seed Business Unit, Corteva Agriscience. "Sponsoring the Global Food Security Index aligns with Corteva Agriscience's commitment to growing progress. With global food security declining again, there is an urgent need to renew our collective commitment to innovation and collaboration to combat food insecurity."

The availability of food, and the environmental sustainability and adaptation that underpins it, highlights the vulnerability of the food system. Identifying the challenges, and subsequent solutions, of a complex and interconnected food system requires monitoring all sections of that system, including what happens on the farm.

Corteva is committed to delivering breakthrough technological solutions to enable farmers to be more productive and sustainable, including innovations in crop protection and seed that drive the ultimate goal of ensuring high-yield potential for farmers and thus helping improve food security worldwide.

To learn more about the 2022 GFSI and to hear experts present the data from this year's Index, visit:
https://impact.economist.com/sustainability/project/food-security-index/ 

About the GFSI:

The Global Food Security Index (GFSI) is the preeminent source of intelligence on the drivers of global food security. Developed by Economist Impact and supported by Corteva Agriscience, it evaluates food security in 113 countries across four key pillars: food Affordability, availability, Quality and Safety, and Sustainability and Adaptation. The index is based on a dynamic benchmarking model constructed from 68 qualitative and quantitative drivers of food security. This report is a compilation of 11 years of research conducted by Economist Impact between 2012 and 2022.

About Corteva

Corteva, Inc. (NYSE: CTVA) is a publicly traded, global pure-play agriculture company that combines industry-leading innovation, high-touch customer engagement and operational execution to profitably deliver solutions for the world's most pressing agriculture challenges. Corteva generates advantaged market preference through its unique distribution strategy, together with its balanced and globally diverse mix of seed, crop protection, and digital products and services. With some of the most recognized brands in agriculture and a technology pipeline well positioned to drive growth, the company is committed to maximizing productivity for farmers, while working with stakeholders throughout the food system as it fulfills its promise to enrich the lives of those who produce and those who consume, ensuring progress for generations to come. More information can be found at  www.corteva.com.

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FAQ

What does the 2022 Global Food Security Index reveal about food security?

The 2022 GFSI indicates a deterioration in global food security, with food quality and safety declining by 4% from 2019 to 2022.

How does Corteva support food security initiatives?

Corteva supports the GFSI by emphasizing long-term investments in agricultural innovation and R&D to enhance food security.

What are the main challenges identified in the 2022 GFSI report?

The report identifies challenges such as rising food costs, political instability, and climate-related impacts affecting food security globally.

What new metrics were included in the 2022 GFSI?

The 2022 GFSI includes new metrics linking agricultural inputs and R&D investments to food security outcomes.

What is the significance of the findings in the 2022 GFSI?

The findings stress the urgent need for systemic resilience and investment in agriculture to combat rising food insecurity worldwide.