Ridiculous subsidies to the agricultural industry is not a worldwide phenomenon.
Lucky! Are you outside the OECD? I haven’t looked into it heavily, but I was under the impression that all of those countries had rather massive agricultural supports.
Given that I mentioned my background I assume you mean lucky for everyone else. Subsidies may not be efficient but the actual recipients tend to benefit. More government based income would have been handy.
Are you outside the OECD? I haven’t looked into it heavily, but I was under the impression that all of those countries had rather massive agricultural supports.
New Zealand then Australia (here) are the most efficient agricultural producers in the OECD in terms of Producer Subsidy Estimate (PSE). About one fifth of the average. We tend to be the ones bitching about subsidies (and tariffs). Their impact on us is primarily to damage our export market.
Lucky! Are you outside the OECD? I haven’t looked into it heavily, but I was under the impression that all of those countries had rather massive agricultural supports.
Given that I mentioned my background I assume you mean lucky for everyone else. Subsidies may not be efficient but the actual recipients tend to benefit. More government based income would have been handy.
New Zealand then Australia (here) are the most efficient agricultural producers in the OECD in terms of Producer Subsidy Estimate (PSE). About one fifth of the average. We tend to be the ones bitching about subsidies (and tariffs). Their impact on us is primarily to damage our export market.