Support for agriculture the developing world has been neglected, but is vital for development of rural areas, where most of the world's poorest people live, the foundation said in a statement, released at annual World Economic Forum meeting.
"If we are serious about ending extreme hunger and poverty around the world, we must be serious about transforming agriculture for small farmers -- most of whom are women," Bill Gates, chairman of Microsoft Corp said in the statement.
"These investments -- from improving the quality of seeds, to developing healthier soil, to creating new markets -- will pay off not only in children fed and lives save," Gates said.
The Gates Foundation, founded in 2000, supports projects to improve health, reduce poverty and increase access to technology.
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