Calgary, Canada, March 22, 2010 --(PR.com
)-- According to a report by the United Nations, capital shortages created by the financial crises have caused a sharp uptick in global hunger levels with over 1 billion people now undernourished. Farmers in the developing world in particular are having more trouble sourcing working capital and investment into critical agriculture infrastructure in these markets is being delayed or cancelled. According to the report virtually all the world's undernourished live in developing countries.
§ 642 million in Asia and the Pacific.
§ 265 million in sub-Saharan Africa.
§ 95 million in Latin America, the Caribbean, the Near East and North Africa.
Stephen Johnston, a partner at Agcapita Partners LP a Calgary based farmland investment fund, commented that "The financial crisis serves to highlight the value of 1) first world agriculture infrastructure and 2) of the much deeper pool of working capital financing available to western farmers. Farmers in the developed world have been much less affected by the financial crisis than their peers in the developing world. In western Canada in particular, the farming community has felt very little effect from the crisis with land values continue to rise throughout this period.”