Agricultural Policy Monitoring and Evaluation 2021
Addressing the Challenges Facing Food Systems
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.
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.