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COVID-19: Impacts on Food and Agriculture

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Carlos Furche
POLICY SEMINAR
Virtual Event - The political economy of COVID-19: Impacts on agriculture and food policies
OCT 22, 2020 - 08:30 AM TO 10:00 AM EDT

Published in: Government & Nonprofit
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COVID-19: Impacts on Food and Agriculture

  1. 1. COVID-19: IMPACTS ON FOOD AND AGRICULTURE CARLOS FURCHE 22 October 2020 THE CASE OF CHILE
  2. 2. COVID 19: GLOBAL ECONOMIC & SECTORAL IMPACT Global impact GDP: -5%-6% Sectoral GDP: -3%-4% Unemployment: 15%-20% Most affected economic sectors: o services, construction Agriculture and rural sector o unemployment: increase from 4% to 8% o rural poverty: increase from 17% to 20%-25% o food and nutrition insecurity: from 3% to 5% (about 1 million people)
  3. 3. OPERATION OF AGRIFOOD CHAINS Mainly normal operation of domestic consumption chains Public support to keep financial flows (small agriculture) Public support to most vulnerable families (cash transfers and also food box) Agrifood export chains (fresh fruits and vegetables) o Depending on transport facilities (maritime and air transportation) o Depending on normal ports operation o Depending on additional regulations on biosecurity
  4. 4. POLITICAL ECONOMY POST PANDEMIC Less availability of public resources o Competence and dispute for scarce resources o Probably priority to other sectors (construction and services) Pressure to relax or reduce environmental regulations to promote private investments Impact on prices due to downturn in demand (domestic and external) Eventual impact of trade protectionism in industrial economies Climate Change Priority New regulations from public health concerns
  5. 5. OTHER CASES IN LATIN AMERICA Peru o Mostly similar to Chile Ecuador o Severe economic crisis previous to COVID-19 Central America o Unemployment o Remittances reduction o Agriculture crisis in some key commodities like coffee
  6. 6. GRACIAS carlos.furche@gmail.com

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