Rural Agriculture and Poverty Trap: Can Climate-Smart Innovations Provide Breakeven Solutions to Smallholder Farmers?
Agriculture is widely recognized as a solution to food insecurity and poverty, especially in rural areas. However, 75% of the world’s poor live in rural areas, and agriculture is the primary source of their livelihood. One may wonder if the observed correlation between agriculture and poverty also suggests causation. If that is the case, then what such causal relationship might exist? Is agriculture a vehicle for poverty alleviation or a source of poverty trap?