The US Department of Agriculture’s mandatory budget in 2023 included an estimated $7 billion dedicated to conservation, with an additional $17 billion in conservation funding mandated by the Inflation Reduction Act through 2031. However, average 2021–22 global finance flows for agriculture were only $43 billion, compared with $515 billion for energy systems and $336 billion for transport.
7 And adoption of sustainable-farming practices is not increasing fast enough to meet the sustainability goals of food processors and consumer goods companies.
A McKinsey survey finds that 90 percent of farmers are aware of sustainable-farming practices, but holistic adoption remains low; they seek more operational and financial support.
Source: Mckinsey 2024
