Global Agricultural Income to Rise 9% by 2035, FAO Reports

A report titled "OECD-FAO Agricultural Outlook 2026-2035" indicates that the global average gross agricultural income is expected to rise by 9% by 2035, primarily due to product gains and stable agricultural prices. The report, released by the Food and Agriculture Organization (FAO) and the Organisation for Economic Co-operation and Development (OECD), forecasts that global cereal grain production will steadily increase, reaching a record 3.22 billion tons by 2035.

This growth is attributed mainly to yield improvements of 0.9% annually, while the land area for cereal cultivation is expected to expand by just 0.1% annually, which is less than half the rate observed in the previous decade. Despite these projections, the report warns of a 25% probability that agricultural income in 2035 will be lower than current levels due to recent shocks, including energy price hikes that have reduced fertilizer use.

FAO Director-General Qu Dongyu emphasized the need for sustainable growth in agrifood systems to strengthen resilience against future shocks.