The OECD has recently published its annual report monitoring and evaluating the agricultural policies in 54 countries, including the 38 OECD countries, the five non-OECD EU Member States, and 11 emerging economies.
The report, found that the continued rise in agricultural support has been slower than sector growth in recent years, but has been driven to record highs mainly by temporary factors. The share of general services to the sector (including innovation and infrastructure) in total support provided to the sector has decreased to 13%.
Furthermore, this year’s report focuses on the potential for agriculture and agricultural policies to contribute to climate change mitigation. It argues that short-term agricultural policy responses to global crises must simultaneously address current challenges and support reforms to combat climate change and distortions in international markets.
Read the full report here.