Agriculture is expected to fare better than many other sectors in the current economic crisis. It has a relatively smaller financial exposure, demand is less sensitive to income falls, and the existing set of support policies in many countries can dampen the impact of the crisis. Governments are facing tighter fiscal conditions, which is likely to prompt further review of support policies, including for agriculture.
The 2008 United States Farm Act, the Health Check of the European Union’s Common Agricultural Policy and the new Growing Forward policy framework in Canada are also reviewed in the report. A special feature in the report focuses on agri-environmental policies in OECD countries.