Shik, Olga
Analysis of agricultural policies in Trinidad and Tobago - Inter-American Development Bank 2018 - 104 pages
Although the agricultural sector contributes only 0.5% to Trinidad and Tobago’s GDP, it accounts for over 4% of employment and is important for the diversification of the economy. The Government of Trinidad and Tobago supports agriculture through a combination of incentives to agricultural producers, support for research and infrastructure, and border protection measures. Support to producers averaged 22.4% of gross farm receipts in 2013-2015, and a significant share of that support (44%) was provided in the form of transfers to general services. At the same time, total transfers arising from agricultural policy amounted to only 0.34% of the national GDP. Reorienting agricultural policy towards goals and actions that are less production-distorting, and that address agricultural productivity and profitability, will help create a possibly small, but efficient agricultural sector, as well as exploit certain specific competitive advantages.
SUSTAINABLE DEVELOPMENT
FARM PRODUCE
AGRICULTURE AND STATE
AGRICULTURE PRICIES
FARM
MARKETS
AGRICULTURE
FOOD POLICIES
AGRICULTURAL POLICIES
TRINIDAD AND TOBAGO
Analysis of agricultural policies in Trinidad and Tobago - Inter-American Development Bank 2018 - 104 pages
Although the agricultural sector contributes only 0.5% to Trinidad and Tobago’s GDP, it accounts for over 4% of employment and is important for the diversification of the economy. The Government of Trinidad and Tobago supports agriculture through a combination of incentives to agricultural producers, support for research and infrastructure, and border protection measures. Support to producers averaged 22.4% of gross farm receipts in 2013-2015, and a significant share of that support (44%) was provided in the form of transfers to general services. At the same time, total transfers arising from agricultural policy amounted to only 0.34% of the national GDP. Reorienting agricultural policy towards goals and actions that are less production-distorting, and that address agricultural productivity and profitability, will help create a possibly small, but efficient agricultural sector, as well as exploit certain specific competitive advantages.
SUSTAINABLE DEVELOPMENT
FARM PRODUCE
AGRICULTURE AND STATE
AGRICULTURE PRICIES
FARM
MARKETS
AGRICULTURE
FOOD POLICIES
AGRICULTURAL POLICIES
TRINIDAD AND TOBAGO