Australian Modern Agricultural Policy and Its Enlightenment to China

Abstract

In recent decades there has been an important policy reform process in Australia and other developed economies toward the adoption of more efficient market-based mechanisms to address market failures in agriculture. The OECD noted that Australia has made substantial and continuing progress since the mid-1980s in removing policies that distort agricultural production and trade. This paper takes Australia as an example, analyzing the changes of agricultural policy support level and structure in recent 30 years. On this basis, combined with the actual situation of China's agriculture, puts forward some suggestions.