By OECD. Published by : OECD Publishing

The 9th variation of the OECD Agricultural Outlook analyses how international and household forces are shaping agricultural markets over the medium time period. carrying on with worldwide monetary weak point, compounded by means of drought-induced creation alterations in a few international locations, and govt help guidelines are conditioning marketplace results within the close to time period. The interplay of those elements, including an anticipated revival of the worldwide economic climate in 2004 can help form OECD and global agricultural markets as much as 2008. This ebook offers worthwhile info on marketplace traits and medium time period clients for the most agricultural items, together with sugar in this party. It additionally indicates how those are inspired via govt guidelines and highlights many of the hazards and uncertainties which may impression the rural Outlook. Tables supply special commodity projections to 2008 for creation, intake, alternate, shares and costs in OECD international locations and chosen info on different nations, together with China, Argentina, the Russian Federation and Brazil.

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The analysis also ignores some elements of the Farm Act, in particular the issue of Country of Origin Labelling (see Box 6), and the farmers’ option to update base acreage and yields, which could have some production increasing effect if farmers anticipate further update possibilities in future legislation. Main provisions of the FSRI Act The marketing loan assistance program (MLAP) for cereals, oilseeds and other commodities is re-authorised with modified loan rates, and extended to some additional products in the FSRI Act.

1. 02 20 8. 1. 20 02 7. 1. 02 20 6. 1. 5. 20 02 1. 4. 20 02 1. 3. 20 02 1. 20 2. 1. 1. 1. 00 Data from Bank of Canada (2003). 5 Pesos/USD before levelling of in the second half of the year 2002. 9 Pesos/USD by 2008, based on the latest World Bank projections. At the same time, other macroeconomic indicators are significantly affected as well. Not only does inflation rise with the depreciating currency, but economic growth is expected to suffer significantly as well (see Figure 10). Figure 10. 5 1990 1 1996 2002 2008 0 1990 Outlook 2002 1996 2002 2008 OECD Secretariat.

A tariff-rate quota, together with provisions for non-recourse loans supports sugar. Milk and dairy products are supported by minimum prices with government purchases of butter, SMP and cheddar cheese, and a payment per ton of milk marketed, as well as by tariffs, tariff-rate quotas and export subsidies. The 2002 Farm Act also contains provisions concerning product labelling requirements and organic production. … but at the start of the Outlook, support provided by US programs remain below OECD average The 2002 Farm Act continues and modifies agricultural export programmes designed to develop and expand commercial outlets.

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