Farm subsidies on the rise in the world’s biggest economies

“Farm subsidies in the world’s biggest economies rose in 2012, the OECD said, reversing a long-term trend as governments poured more funding into agriculture despite strained budgets and high food prices.  In its annual report on global farming, the OECD said state support for farming stood at an average of one-sixth of gross farm receipts in the 47 countries covered in the assessment, about 17 percent of total receipts in 2012 compared to 15 percent in 2011.  The Organisation for Economic Cooperation and Development said the rise was unnecessary as high prices for farmers made the timing opportune for governments to cut subsidies that skew food markets and disrupt trade.”

http://www.rawstory.com/rs/2013/09/18/farm-subsidies-on-the-rise-in-the-worlds-biggest-economies/

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