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Definition: |
Multifunctionality, or multifunctional agriculture are terms used to indicate generally that agriculture can produce various non-commodity outputs in addition to food.
The working definition of multifunctionality used by the OECD associates multifunctionality with particular characteristics of the agricultural production process and its outputs:
(i) the existence of multiple commodity and non-commodity outputs that are jointly produced by agriculture; and that (ii) some of the non-commodity outputs may exhibit the characteristics of externalities or public goods, such that markets for these goods function poorly or are non-existent.
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Source
Publication: |
Agricultural Policies in OECD Countries: Monitoring and Evaluation 2000: Glossary of Agricultural Policy Terms, OECD.
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Statistical
Theme: Agriculture and fisheries statistics - Agricultural policy indicators |
Created
on Tuesday, September 25, 2001 |
Last
updated on Monday, March 10, 2003 |
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