The Directorate-General for Agriculture and Rural Development of the European Commission Has Published “Prospects for Agricultural Markets and Income 2010-2020”.
(IEA Bioenergy Task 39) The outlook consists of a set of market and sector income prospects elaborated on the basis of specific assumptions regarding macroeconomic conditions, the agricultural and trade policy environment, weather conditions and international market developments.
The medium term prospects for agricultural markets and income in the EU feature some considerable improvements, including an extended time horizon and product coverage (including biofuels, detailed oilseed complex and whole milk powder) as well as an attempt to identify and quantify the main areas of uncertainty. The validation procedure was extended to an external review of the baseline and uncertainty scenarios in a workshop in October 2010 in Brussels, gathering high-level policy makers, modelling and market experts from the EU, the United States and international organisations such as the Organisation for Economic Co-operation and Development, the United Nation’s Food and Agriculture Organisation and the World Bank. READ MORE