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OECD-FAO Agricultural Outlook 2007

image of OECD-FAO Agricultural Outlook 2007
This thirteenth edition of the annual Agricultural Outlook - and the third prepared jointly with the FAO - provides an assessment of agricultural market prospects based on projections that extend to 2016 for production, consumption, trade, stocks and prices of mainly temperate zone agricultural commodities. These projections are based on specific assumptions regarding global macroeconomic conditions, population growth, national agricultural and trade policies, production technologies, and weather conditions.  It shows how these markets are influenced by economic developments and government policies and highlights some of the risks and uncertainties that may influence market outcomes. In addition to OECD countries, the market projections in the report cover a large number of other countries and regions including the agricultural giants of India, China, Brazil and Russia as well as Argentina, South Africa and several least developed countries.

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Overview

The Agricultural Outlook is a collaborative effort of the OECD in Paris and the Food and Agriculture Organisation (FAO) of the United Nations in Rome. Its main purpose is to produce an updated annual 10-year assessment of global commodity markets that includes analysis of recent developments and emerging issues, bringing together the commodity, policy and country expertise of both Organisations. The projections for production, consumption, stocks, trade and prices described and analysed in this report cover the years 2007 to 2016. The projections are presented in the Statistical Annex. They reflect many specific assumptions concerning key external factors such as macroeconomic performance, agricultural and trade policies, and trends in technologies as well as consumer preferences. The projections do not take account of weather shocks and related impacts on crop yields and livestock production, nor are changes considered to agricultural and trade policies – anticipated or otherwise – that have yet to be adopted by legislation or international agreements. Such deviations from these assumptions constitute some of the important uncertainties in the Outlook, the potential impacts of which are also assessed in this report.

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