U.S. and EU Agricultural Support: Overview and Comparison
Randy Schnepf, Charles E. Hanrahan
Abstract
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Randy Schnepf, Charles E. Hanrahan
Abstract
Open-access reader
This report uses data from two public sources to compare agricultural support between the United States and the European Union (EU): (1) estimates of domestic support for agricultural programs based on World Trade Organization (WTO) notifications; and (2) the Organization for Economic Cooperation and Development's (OECD's) country-level policy database. Each of these data sources uses a slightly different metric to evaluate agricultural support. The report includes an overview of farm programs in the U.S. and EU, comparisons of support based on the metrics, and conclusions with policy implications.
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This report uses data from two public sources to compare agricultural support between the United States and the European Union (EU): (1) estimates of domestic support for agricultural programs based on World Trade Organization (WTO) notifications; and (2) the Organization for Economic Cooperation and Development's (OECD's) country-level policy database. Each of these data sources uses a slightly different metric to evaluate agricultural support. The report includes an overview of farm programs in the U.S. and EU, comparisons of support based on the metrics, and conclusions with policy implications.
Key concepts: Agriculture, European union, Public support, Agricultural policy, Common Agricultural Policy, International trade, Business, Metric (unit)