How market-correcting subsidies could reconfigure agricultural trade (Chatham House, 2019)

A new paper on trade-related issues affecting the food and land use systems suggests that in order to reconfigure the global trade in agriculture products, policymakers should remove perverse incentives for farmers.

In particular, Bellmann, Lee and Hepburn (2019) assert that subsidies encouraging the overuse of pesticides or the overproduction of certain commodities should be replaced with market-correcting subsidies that would internalize costs to sustainability and health.

The authors also identify a more general need for an SDG-oriented agenda for agricultural trade. Read the full paper here or read Chatham House’s summary here.