US Agricultural Policy Shifts Lead to Decline in Global Market Share.
The United States and the European Union are major players in global agricultural trade, with strong support for their agricultural sectors. US farm policies have evolved over time, shifting from supply controls to direct income support payments. This has led to increased productivity but a decline in export market share since the 1980s due to competition from other countries. Challenges include the need to increase high-value exports, concerns about subsidies benefiting landowners, and the negative impact on developing countries.