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Farm aid that distorts the market, criticizes the OECD

2020-07-04T00:48:59.181Z


The international organization for economic development draws up a severe diagnosis of support policies that are "useless, even damaging".


Public policies that distort markets, curb innovation and harm the environment. Experts from the OECD, the international economic development organization, make a severe diagnosis of agricultural aid in a recent report. For Ken Ash, director of the agricultural division, they are "useless, even damaging". These support policies reviewed in 54 countries - all OECD and European Union countries, plus 12 large emerging economies - totaled € 542 billion in annual net transfers over the 2017-2019 period. The weight of emerging countries means that this aid has been increasing for twenty years. In China, total support for agriculture represented 1.7% of GDP over the 2017-2019 period, compared to 0.6% in the European Union (it was 1.1% in early 2000).

About three-quarters - or € 469 billion - were paid to farmers in the form of direct support. Many of these measures create distortions

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Source: lefigaro

All news articles on 2020-07-04

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