Government support fo agriculture 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. There are relatively low levels of innovation.
Monitoring of 54 countries showed that only 6% of all budgetary transfers to the sector, or USD 26 billion per year, was spent on agricultural innovation systems, despite their high social returns.
The annual report on Agricultural Policy Monitoring and Evaluation includes country specific analysis based on up-to-date estimates of support to agriculture. The 2021 report focuses on policy responses to the COVID-19 pandemic and analyses the implications of agricultural support policies for the performance of food systems.