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

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 m³ 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.