BrightSpace Horizon Europe Project reposted this
Reforming public support to agriculture would boost innovation and help the sector meet productivity and sustainability goals. Today OECD - OCDE Secretary-General Mathias Cormann launched the 🆕 Agricultural Policy Monitoring & Evaluation 2024 report. Here’s everything you need to know: 1️⃣ International agricultural markets continue to be affected by war, conflict, extreme weather events, and export restrictions. Amidst these challenges, agricultural policies boosted the sector’s capacity to respond, helping to ensure that food systems are fit for purpose as future conditions evolve. 2️⃣ Support to agriculture remains high but has declined since its peak in 2021. Across the 54 countries covered in the report, government support now stands at USD 842 billion per year from 2021 to 2023. This decline comes mostly from higher world market prices, not policy reforms. 3️⃣ Significant reforms in the agriculture sector are needed to achieve both productivity and sustainability goals. Reorientation of support towards general services, including well-targeted investments in innovation, will need to be made to boost robust and sustainable productivity growth and reduce environmental impact. 🔗https://oe.cd/AgME2024