The recent period of high agricultural commodity prices is most likely over, say the OECD and FAO in their latest 10-year Outlook. But the two organisations warn of the need to be vigilant as the probability of a major price swing remains high.
Governments need to implement more ambitious policies to address the global challenges facing agriculture, notably a shift away from direct support to farmers towards greater assistance for innovation systems that will improve productivity and sustainability, according to a new OECD report.
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.
Strong crop yields, higher productivity and slower growth in global demand should contribute to a gradual decline in real prices for agricultural products over the coming decade, but nonetheless, prices will likely remain at levels above those in the early-2000s, according to the latest Agricultural Outlook report produced by the OECD and FAO.
Structural reforms and policies that support long-term competitiveness would ensure that Colombia’s agriculture sector contributes to more sustainable and inclusive growth, according to a new OECD report.
Switzerland should reduce trade barriers and limit the level of direct payments to farmers, as part of wider efforts to improve competitiveness of the agriculture sector, according to a new OECD report.
Government support for agriculture in OECD countries remained on a downward trend in 2013, yet much of this support is still in a form that distorts markets, according to the OECD’s latest agricultural policy monitoring report.
The recent fall in prices of major crops is expected to continue over the next two years before stabilising at levels above the pre-2008 period, but markedly below recent peaks, according to the latest Agricultural Outlook produced by the OECD and FAO.