Food And Agriculture Organization - FAO

Definition of 'Food And Agriculture Organization - FAO'


A United Nations agency that works on international efforts to defeat hunger by helping developing countries modernize and improve agriculture, forestry and fisheries practices. Serving both developed and developing countries, the Food and Agriculture Organization also aims to be a neutral forum where nations can negotiate agreements and debate policy.

Investopedia explains 'Food And Agriculture Organization - FAO'


The FAO was established in 1945 and is composed of eight departments: administration and finance; agriculture and consumer protection; economic and social development; fisheries and aquaculture; forestry; knowledge and communication; natural resource management; and technical cooperation.

Rather than providing food to countries suffering from famine, the FAO strives to set up sustainable food sources in those countries. For example, after the 2010 earthquake in Haiti left the country in shambles, the FAO quickly launched a series of initiatives designed to keep domestic food production and farm incomes up. Among these was the Haiti Food Security Emergency Tool, which aggregated data on usable roads, crop calendars, land use, livelihood zones and damage information to help improve food production and distribution in the ravaged country.



comments powered by Disqus
Hot Definitions
  1. Federal Reserve Note

    The most accurate term used to describe the paper currency (dollar bills) circulated in the United States. These Federal Reserve Notes are printed by the U.S. Treasury at the instruction of the Federal Reserve member banks, who also act as the clearinghouse for local banks that need to increase or reduce their supply of cash on hand.
  2. Benchmark Bond

    A bond that provides a standard against which the performance of other bonds can be measured. Government bonds are almost always used as benchmark bonds. Also referred to as "benchmark issue" or "bellwether issue".
  3. Market Capitalization

    The total dollar market value of all of a company's outstanding shares. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of one share. The investment community uses this figure to determine a company's size, as opposed to sales or total asset figures.
  4. Oil Reserves

    An estimate of the amount of crude oil located in a particular economic region. Oil reserves must have the potential of being extracted under current technological constraints. For example, if oil pools are located at unattainable depths, they would not be considered part of the nation's reserves.
  5. Joint Venture - JV

    A business arrangement in which two or more parties agree to pool their resources for the purpose of accomplishing a specific task. This task can be a new project or any other business activity. In a joint venture (JV), each of the participants is responsible for profits, losses and costs associated with it.
  6. Aggregate Risk

    The exposure of a bank, financial institution, or any type of major investor to foreign exchange contracts - both spot and forward - from a single counterparty or client. Aggregate risk in forex may also be defined as the total exposure of an entity to changes or fluctuations in currency rates.
Trading Center