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Agricultural development is one of the most powerful tools to end extreme poverty, boost shared prosperity, and feed a projected 9.7 billion people by 2050. Growth in the agriculture sector is two to four times more effective in raising incomes among the poorest compared to other sector.
Product innovations” are created by downstream industries, and include new and improved products, such as healthier foods, or new chemical or pharmaceutical products. “Marketing and organisational innovations” are also increasingly important throughout the supply chain.
Agricultural inventions and discoveries have been instrumental in making farming easier, faster, and more productive. Some examples of agricultural inventions include the cattle feeding robot, the refrigerator truck, and precision agriculture1