A Multi-Billion Opportunity: Repurposing Agricultural Support to Transform Food Systems
Some eighty-seven percent of $540 billion annual support to agricultural producers is either price distorting or harmful to nature and health. This FAO-UNDP-UNEP report argues that if current trends continue, this support could reach USD 1.8 trillion by 2030. There is a need for action at country, regional and global levels to phase out the most distortive, environmentally and socially harmful support, notably price incentives and coupled subsidies and redirect it towards investments in public goods and services for agriculture like research, development, infrastructure, and decoupled fiscal subsidies. The report presents six steps that governments can consider to develop and implement strategies to repurpose agricultural support.
http://www.fao.org/3/cb6562en/cb6562en.pdf
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