In low- and lower middle-income countries, on the other hand, small and medium sized farms are significant also in terms of share of land and food production. In low-income countries, farms smaller than 2 hectares occupy about 40% of the farmland and farms smaller than 5 hectares about 70%. In lower middle-income countries, these shares are about 30% and 50%, respectively. As can be observed in Figure 1 (from Lowder, Skoet and Singh, 2014), most farms are in East Asia, South Asia and the Pacific. More than a third of the world’s farmers live in.the People’s Republic of China (herafter “China”) and slightly less than a quarter live in India.