Financial forecasting for self-sufficiency and food security in poultry meat

Abstract

This study estimates the need for financing and water to achieve self-sufficiency and food security in the poultry meat industry in Saudi Arabia. This study was based on secondary data and economic and statistical equations. The indexes related to the food security applied and the need for financing and water for poultry meat were calculated. According to the study, poultry meat's strategic stock is estimated at 658.1 thousand tons, which is enough for local consumption for 152.7 days. Meanwhile, the food security factor for poultry meat is estimated at 0.42 for the end of the period 1995–2018. The required investments to achieve full self-sufficiency and food security for poultry meat are estimated at 218.19 million Riyals and 671.21 million Riyals, respectively. Achieving self-sufficiency and food security in poultry meat also requires 6.29 billion m 3 water worth 3.03 billion Riyals. This study recommends that industry leaders increase their investment in the private sector to achieve self-sufficiency and food security for poultry meat. This suggestion is consistent with the national transformation program and the Kingdom’s 2030 vision, in addition to population growth, through the Agricultural Development Fund, which should increase the loans and investments needed to create new projects or expand the existing projects’ production capacity.

Link between structural risk factors for adverse impacts of COVID-19 and food insecurity in developed and developing countries

“…However, in times of political or socio-economic turmoil, national efforts to strengthen such systems determine the impact on overall levels of food security (EIU, 2020). COVID-19 has had major implications for global nutrition security, as lockdowns In the literature, there are studies focused solely on food insecurity (Allee et al, 2021;Alnafissa et al, 2021;Caccavale & Giuffrida, 2020;Odhiambo et al, 2021;Zidouemba et al, 2020); on structural risk factors for COVID-19 impacts (Arsalan et al, 2020;Huang et al, 2020;Moldes-Anaya et al, 2021); as well as studies focusing on both aspects jointly but for a single country such as Nigeria (Amare et al, 2021), Bangladesh (Ahmed et al, 2021), Mali (Adjognon et al, 2021), the United Kingdom (Ranta & Mulrooney, 2021), Belgium (Vandevijvere et al, 2021), USA (Nagata et al, 2021), India (Mishra & Rampal, 2020), Jordan (Elsahoryi et al, 2020) and Burkina Faso (Zidouemba et al, 2020). In this research, we perform a joint analysis of the ICRI and the FII for a sample of countries with widely differing socio-economic characteristics.…”