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FAPRI 2005 U.S. and World Agricultural Outlook

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

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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.

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File URL: http://www.fapri.iastate.edu/Outlook2005/text/FAPRI_OutlookPub2005.pdf
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Publisher Info
Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12273.

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Date of creation: 05 Apr 2005
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Handle: RePEc:isu:genres:12273

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
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Web page: http://www.econ.iastate.edu
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Find related papers by JEL classification:
Q1 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture

Cited by:
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  1. von Braun, Joachim, 2007. "The world food situation: New driving forces and required actions," Food policy reports 18, International Food Policy Research Institute (IFPRI). [Downloadable!]
  2. McPhail, Lihong Lu & Babcock, Bruce A., 2008. "Short-Run Price and Welfare Impacts of Federal Ethanol Policies," Staff General Research Papers 12943, Iowa State University, Department of Economics. [Downloadable!]
    Other versions:
  3. Samarendu Mohanty & E. Wesley Peterson, 2005. "Food security and government interventions: A study of Indian grain markets," Journal of International Trade & Economic Development, Taylor and Francis Journals, vol. 14(3), pages 337-352, September. [Downloadable!] (restricted)
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This page was last updated on 2008-10-6.


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