The Agricultural Situation in Western Europe: Review of 1972 and Outlook for 1973

Developed Countries Branch, Foreign Demand and Competition Division, Economic Research Service

No 316743, Miscellaneous Publications from United States Department of Agriculture, Economic Research Service

Abstract: Agricultural output in Western Europe continued at a high level in 1972. Grain output reached a new record, but red meat output declined as cattle herds were built up. Milk production increased, resulting in butter surpluses. U.S. agricultural exports to Western Europe grew in 1972. The recent enlargement of the European Community will adversely affect some U.S. agricultural exports. Inflation and a new currency crisis are major factors affecting the West European outlook. The structure of European agriculture's being modernized, but the pace is very gradual.

Keywords: Agricultural and Food Policy; Crop Production/Industries; International Relations/Trade; Livestock Production/Industries; Political Economy (search for similar items in EconPapers)
Pages: 54
Date: 1973-04
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersmp:316743

DOI: 10.22004/ag.econ.316743

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