Agricultural Policy Monitoring and Evaluation 2021
Addressing the Challenges Facing Food Systems
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This annual report monitors and evaluates agricultural policies in 54 countries, including the 38 OECD countries, the five non-OECD EU Member States, and 11 emerging economies. The report includes country specific analysis based on up-to-date estimates of support to agriculture that are compiled using a comprehensive system of measurement and classification – the Producer and Consumer Support Estimates (PSE and CSE) and related indicators. This year’s report focuses on policy responses to the COVID-19 pandemic and analyses the implications of agricultural support policies for the performance of food systems.
Also available in: French
Korea
Korea reduced its support to agriculture over the past thirty years. Producer support declined from 62.3% of gross farm receipts in 1986-88 to 46.7% in 2018-20, still well above the OECD average. Potentially most-distorting transfers dominate producer support, due to tariff rate quotas (TRQ) with high out-of-quota tariffs. Since 2015, all import restrictions on agricultural products apply in the form of tariffs and TRQs.
Also available in: French
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