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Agricultural Policy Monitoring and Evaluation 2018

image of Agricultural Policy Monitoring and Evaluation 2018

This report is the 31st in the series of OECD reports that monitor and evaluate agricultural policies across countries, and the 6th report to include all 35 OECD countries, the 6 non-OECD EU Member States and a set of emerging economies: Brazil, the People’s Republic of China, Colombia, Costa Rica, Kazakhstan, the Philippines, the Russian Federation, South Africa, Ukraine and Viet Nam. This annual report is a unique source of up-to-date estimates of support to agriculture and uses a comprehensive system of measuring and classifying support to agriculture – the Producer and Consumer Support Estimates (PSEs and CSEs), the General Services Support Estimate (GSSE) and related indicators. These estimates provide insight into the increasingly complex nature of agricultural policy and serve as a basis for OECD’s agricultural policy monitoring and evaluation. Detailed data and documentation for the calculation of support are available on line www.oecd.org/agriculture/PSE.

Comprehensive country chapters and the Statistical Annex containing detailed background tables with indicators of agricultural support are available in electronic form at the publication website http://dx.doi.org/10.1787/agr_pol-2018-en.

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China

After two decades of gradual growth, the level of support to agricultural producers in the People’s Republic of China (hereafter “China”) has stabilised in recent years with the share of support in gross farm receipts (%PSE) fluctuating in a range of 14-16% in 2015-17. This partly reflects recent policy reforms undertaken with respect to the market intervention systems for soybeans, rapeseed, cotton, and maize, as well as to the minimum support price system for wheat and rice. Another factor is the nominal depreciation of the CNY vis-à-vis USD since 2013 after a long period of gradual appreciation.

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