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U.S. agricultural policy reform should continue its recent shift towards less distortion of production and trade, notably with market-based approaches for support programmes and agricultural risk management, according to this study of reforms since 1985.
How have Common Agricultural Policy (CAP) reforms affected farms, sectors and regions in the European Union? These papers look at recent reforms, featuring the single payment scheme, quotas and restructuring in the sugar and dairy sectors, and the direct payment scheme.
Farm risk management in Canada is overcrowded with policies and unable to signal layers of risk that farmers should manage themselves. Canada should better define its risk programmes: income stabilization payments should focus on a middle range of risk, while farmers manage normal business risk.
Spain's agricultural insurance system must evolve to allow more competition, differentiate marketable and catastrophic risks and reduce subsidies for marketable lines. Spain should also develop a framework for catastrophic risk and facilitate a wider choice of risk management tools for farmers.
Farm risk management policy in New Zealand centres on natural disaster assistance and preventing pest and disease incursions. New Zealand should strengthen a 'multi-activity enterprise' view of farming, reduce uncertainty about future environmental regulations and improve knowledge on risks.
Dutch agricultural risk management should develop an ex ante policy framework for assistance in catastrophic events such as livestock epidemics and climatic disasters, as well as a longer-term strategy on insurance.
Australia should improve governance of its drought policy, consider developing an insurance market for drought risk and help farmers adapt to climate change, says this review of agricultural risk management in the country. (OECD Food, Agriculture and Fisheries Working Paper No. 39)
This report analyses the evolution of prices, farm receipts and support to agricultural producers in real terms in OECD countries and other economies. It sets out specific purchasing power parities for a range of commodities to compare developments in output volume and prices at aggregate level.
Fair trade, animal welfare, biodiversity and genetically modified organisms (GMOs) are complex and controversial issues relating to food and agriculture. In this collection of papers, international experts share experiences and discuss policies to deal with these issues.
Commodity prices surged in 2006-08 in Argentina, Brazil, China, Chile, India, Indonesia, Russia, South Africa, Ukraine and Vietnam. Government policy responses to these price surges were not always successful in minimising the impact on consumers and producers, this report finds.