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OECD-FAO Agricultural Outlook 2004

image of OECD-FAO Agricultural Outlook 2004

This tenth edition of the OECD Agricultural Outlook analyses how global and domestic forces are shaping agricultural markets to 2013.  It highlights some of the risks and uncertainties that may influence the agricultural outlook.  After presenting a broad overview of the situation and setting out the assumptions used, the report  presents detailed projections for production, consumption, trade, stocks, and prices for OECD countries as well as Argentina, Brazil, China, and Russia. Commodities covered include cereals, oilseeds, sugar, meat, and dairy.  Two special chapters cover medium term market impacts of the 2003 EU Common Agricultural Policy reform and Indian agricultural policy challenges and market prospects.

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Medium Term Market Impacts of the 2003 EU Common Agricultural Policy Reform

The Council of Agricultural Ministers of the European Union (EU) reached agreement, in Luxembourg on 26 June 2003, on a reform of the Common Agricultural Policy (CAP), based on the Commission’s proposals presented on 23 January 2003 (CEC, 2003a). It includes adjustments to the common market organisations (CMOs) for crops, beef and dairy products as well as the introduction of a Single Farm Payments largely decoupled from current production decisions. In addition, it covers Rural Development Regulation measures and a “financial discipline” mechanism to keep CAP spending in line with existing budgetary ceilings. While a broader discussion of the CAP Reform decision is ...

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