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OECD-FAO Agricultural Outlook 2011

image of OECD-FAO Agricultural Outlook 2011

This is the seventeenth edition of the Agricultural Outlook and the seventh co-edition prepared jointly with the Food and Agriculture Organization of the United Nations (FAO). This report provides world market trends for biofuels, cereals, oilseeds, sugar, meats, dairy products and, for the first time, the fisheries sector over the 2011-20 period. This edition also includes an evaluation of recent developments, key issues and uncertainties in those commodity markets. The projections are the result of close co-operation with national experts in OECD and non-OECD countries. A jointly developed modelling system, based on the OECD’s AGLINK and on the FAO’s COSIMO models, facilitates consistency in the projections.  In the context of the G20 discussions on agriculture, a section of the report is devoted this year to the policy responses to price volatility.

English Also available in: French, Spanish

Methodology

This section provides information on the methodological aspects of the generation of the present Agricultural Outlook. It discusses the main aspects in the following order: First, a general description of the agricultural baseline projections and the Outlook report is given. Second, the compilation of a consistent set of the assumptions on macroeconomic projections is discussed in more detail. A third part presents an important model element that has been improved for last year Outlook, i.e., the representation of production costs in the model’s supply equations. Then the 4th part presents the methodology developed for the stochastic analysis conducted with the AGLINK-COSIMO model.

English Also available in: French, Spanish

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