Total support to agriculture reached record levels of USD 851 billion per year during 2020-22 for the 54 countries covered by a new OECD report, as governments sought to shield consumers and producers from global crises and high inflation. Just under half of this government support was in the form of measures with the greatest potential for market distortions, such as border tariffs and subsidy payments based on output.
The global agrifood sector faces fundamental challenges over the coming decade, particularly the need to feed an ever-increasing population in a sustainable manner, the impacts of the climate crisis and the economic consequences and disruptions to food supply linked to the war in Ukraine, according to a report released today by the FAO and the OECD.
Public support for agriculture has reached record levels as governments enacted measures to shield both consumers and producers from the COVID-19 pandemic and other crises, according to a new report from the OECD. Only a small share of this support has been directed at longer-term efforts to combat climate change and other food systems challenges.
Agricultural support has continued to grow worldwide in recent years, but is often failing to meet its stated aims of improving food security, livelihoods and environmental sustainability, according to a new report from the OECD.
Water is an indispensable ingredient to agricultural production and without water, farmers would not be able to grow their crops and feed their animals. Therefore water insecurity means food insecurity.
Food systems face the triple challenge of providing food security and nutrition for a growing global population, and livelihoods to farmers and others working in food supply chains around the world, all while improving environmental sustainability.
Transparency on market conditions and policies is critical in helping reduce market uncertainty, exposing bottlenecks and highlighting risks, all of which help market participants and policy makers develop more effective responses in times of crisis.
The COVID-19 pandemic health crisis continues to have devastating impacts on the world economy – and important impacts on food systems. Many governments are responding with short-term emergency measures, but they also need to create conditions for global food systems to “build back better” to meet the challenges of the future.
Fisheries and aquaculture provide nutritious food for hundreds of millions of people around the world and livelihoods for over 10% of the world’s population. All aspects of fish supply chains are strongly affected by the COVID-19 pandemic, with jobs, incomes and food security at risk. Government and industry responses are needed to address the immediate economic and social hardships that the crisis is provoking in the fish sector.
Ending inefficient and environmentally harmful support would free up resources for a more forward-looking policy package. The unanticipated shock of COVID-19 underscores the urgency of moving away from “business as usual”.