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Closing agricultural operations or land temporarily or permanently for a variety of reasons is referred to as an agricultural closure. This can entail ceasing to cultivate a certain plot of land or to raise cattle there for financial or ecological reasons.
There are several possible causes for agricultural closures. Due to diminishing revenues, growing costs, or a lack of access to markets or resources, farmers may occasionally decide to temporarily or permanently shut down their businesses. Moreover, environmental issues like soil erosion, water scarcity, or pollution can cause agricultural closures.
In rural places where agriculture is a major employer and source of revenue, agricultural closures can have a considerable negative impact on local economies and communities. But, they might also be required to save the environment and advance organic farming methods.
At times of agricultural closures, governments and other stakeholders frequently try to support farmers by offering financial aid, retraining programmes, or other resources to aid with their transition to other livelihoods.
Moreover, initiatives are frequently made to encourage the regeneration of agricultural land that has been impacted by closures and promote sustainable land use practises.
Global agricultural closures market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The COVID-19 epidemic brought attention to weak points in the global food supply systems. Border closures, trade limitations, and incarceration policies have made it difficult for farmers to reach markets and for agricultural labourers to harvest crops, disrupting domestic and international food supply networks and limiting access to a variety of safe, wholesome diets. According to the ILO, the pandemic’s impact on the economy and society could result in an increase in undernourishment of up to 132 million people.
The crisis’ effects made it clear that more needs to be done to ensure that food production and consumption are resilient and consistent with equitable and sustainable development.
A key component of inclusive and sustainable industrialization is the improvement of food systems and agricultural value chains.
UNIDO fosters business opportunities for the rural population through its technical assistance efforts, supports the creation of inclusive market systems and sustainable food value chains, and strengthens markets to improve industrial linkages and economic changes.