The OECD Agricultural Policy Monitoring and Evaluation Outlook 2024 has just been published and provides a comprehensive analysis and global reference on government support to agriculture across 54 countries, which shows that total support to agriculture averaged USD 842 billion per year during the 2021-23 period.
Support remains concentrated in a few large economies, with
China, the United States, India and the European Union representing 37%, 15%,
14% and 13% of the total respectively. Although public support for agriculture
has declined since 2021 it remains near historic highs and is still not
sufficiently directed at critical innovation, productivity and sustainability
goals, according to a new report from the OECD.
In this context, the share of estimated support dedicated to general services such as innovation, biosecurity or infrastructure averaged only 12.6% of total support in 2021-23. While it has been fairly stable since 2020, this share is well below the 16% seen at the beginning of the 21st century. These services are key elements in countries’ efforts towards sustainable productivity growth – the ability to produce more with less while reducing demands on the environment.https://doi.org10.1787/74da57ed-en
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