“If He holds back the waters, there is drought; if He lets them loose, they devastate the land”. To be fair, that was in the days before governments played “a key role in developing targeted policy responses to market failures that impede the mitigation and allocation of drought and flood risks”, as the OECD report on Mitigating Droughts and Floods in Agriculture puts it.
Climate change is expected to increase the frequency and magnitude of extreme weather events, notably of droughts and floods to which the agriculture sector is particularly exposed. While agricultural productivity growth and policy development have allowed to better cope with these risks and reduce overall impacts on the sector and commodity markets, there is substantial room to improve policy responses and co-ordinate across policy domains, including with respect to water rights and allocation, weather and hydrological information, innovation and education, and insurance and compensation schemes. Indeed, drought and flood risks are likely to become a major policy concern as increasing population will increase the demand for food, feed, fibre, and energy, not to mention the competition for water resources, and urbanisation will increase the demand for flood protection and mitigation, raising the issue of the allocation of flood risks across sectors and areas.
Drought in California has been in the headlines frequently these last three years, with startling pictures of empty reservoirs, rivers and canals, wildfires, disappearing snowpack and dry earth. Yet these dramatic effects have not stopped the agricultural sector from growing.
The food and agricultural system in the Netherlands is innovative and export-oriented, with high value-added along the food chain and significant world export shares for many products. To maintain and build on this performance, government policy should increasingly focus on measures to boost innovation and improve sustainability performance, according to a new OECD report.
Fisheries production in OECD countries has declined by more than 39% since 1988 as overfishing reduces the productive capacity of the resource, according to a new OECD report.
Economic reforms have generated impressive results in the Vietnamese agricultural sector, as farm production more than tripled over the 1990-2013 period, lifting rural incomes, reducing poverty, combatting under-nourishment and sending agro-food exports soaring.
Government support to fossil fuel consumption and production in OECD countries and key emerging economies remains high, at USD 160-200 billion annually, according to a new OECD report. This support is hampering global efforts to curb emissions and combat climate change.
This joint OECD/France conference to be held in Paris on 16 September 2015 will aim to lay the foundation for the international effort which is needed on public policy options and economic incentives to support food security, the fight against climate change and adaptation to climate change while integrating soil issues in that effort.
September 2015 agriculture newsletter from the Trade and Agriculture Directorate (OECD) featuring the latest work on issues on innovation, public goods and climate change.
OECD analysis shows that average levels of support to agricultural producers in OECD countries and in emerging economies are converging