Study – Harmful Agricultural Subsidies – Economy

87% of global agricultural subsidies distort competition and harm the environment and small businesses, according to a UN study. This is why the Food and Agriculture Organization of the United Nations (FAO) and the United Nations Development Program (UNDP) are calling for a drastic redistribution of agricultural aid. According to information, a total of 540 billion US dollars (about 457 billion euros) per year is currently provided in aid to agriculture; 470 billion dollars (nearly 400 billion euros) of this sum should be used differently and sustainably, is calculated in the report published on Tuesday. The study is “a wake-up call to governments around the world,” FAO Director-General Qu Dongyu said. The head of the United Nations Environment Program (UNEP), Inger Andersen, urged states to seize the opportunity “to make agriculture a main engine of human well-being and a solution to threats posed by climate change, natural losses and environmental pollution “.

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