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Reforms needed to production and market-distorting policies as agricultural support reaches record highs
01 Novembre 2023
LIBREVILLE, November 1 (Infosplusgabon) - 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.
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