OECD – Agricultural Policy Monitoring and Evaluation, 2024

The "Agricultural Policy Monitoring and Evaluation 2024" report by the Organisation for Economic Co-operation and Development (OECD) provides an in-depth analysis of agricultural policies across 54 countries, including 38 OECD members, five non-OECD EU member states, and 11 emerging economies. The report reveals that, despite modest declines in recent years, support to agriculture remains near historical highs, averaging USD 842 billion annually between 2021 and 2023. It emphasizes the need for governments to reorient support towards innovation and sustainable productivity growth, highlighting that only 12.6% of total subsidies are allocated to general services such as research and development, biosecurity, and infrastructure. The OECD identifies a seven-point policy agenda aimed at making agriculture more sustainable, productive, and resilient, while improving the effectiveness and efficiency of agricultural support and markets. This agenda includes phasing out the most distorting forms of support, ensuring well-functioning risk management systems, and reducing income support transfers with low transfer efficiencies. The report underscores the importance of clearly defined targets and measurable indicators to ensure that policies achieve their stated objectives.