FAPRI 2005 U.S. and World Agricultural Outlook

John Beghin (), Fengxia Dong (), Amani Elobeid, Jacinto F. Fabiosa, Frank H. Fuller, Chad Hart (), Karen P. Kovarik, Holger Matthey, Alexander Saak, Simla Tokgoz, Eric Wailes and Columbia FAPRI University of Missouri

Staff General Research Papers from Iowa State University, Department of Economics

Abstract: The FAPRI 2005 U.S. and World Agricultural Outlook presents final projections of world agricultural production, consumption, and trade. The projections assume average weather patterns, existing farm policy, and policy commitments under current trade agreements and custom unions. Major drivers of the 2005 baseline include continuing strong economic growth worldwide, recovery from past weather shocks in key producing countries, recent SPS shocks, and the U.S. dollar’s weakness in industrialized countries and its strength in Latin America. U.S. agricultural exports will remain strong for the outlook period, although SPS problems continue to plague meat markets in the short term and partially offset strong gains in the volume and value of coarse grain exports.

JEL-codes: Q1 (search for similar items in EconPapers)
Date: 2005-04-05

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http://www.fapri.iastate.edu/Outlook2005/text/FAPRI_OutlookPub2005.pdf (application/pdf)

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