The FAPRI 2002 World Agricultural Outlook presents final projections of FAPRI’s agricultural outlook on world agricultural production, consumption, and trade. FAPRI projections assume average weather patterns worldwide, existing policy, policy commitments under current trade agreements, and recent policy changes such as the accession of China and Taiwan to the WTO. FAPRI projections do not include conjectures on potential policy changes. The major macroeconomic drivers of the 2002 FAPRI baseline are the deepening crisis in Argentina, the U.S. dollar’s continuing strength relative to most other currencies, and the progressive recovery of economic activities in most OECD countries over the next two years.
Iowa State University
Babcock, Bruce A.; Beghin, John C.; Fabiosa, Jacinto F.; De Cara, Stéphane; Elobeid, Amani E.; Fang, Cheng; Fuller, Frank; Hart, Chad; Isik, Murat; Matthey, Holger; Saak, Alexander E.; Kovarik, Karen; Womack, Abner W.; Young, Robert E. II; Westhoff, Patrick C.; Trujillo, Joe; Brown, D. Scott; Adams, Gary M.; Willott, Brian; Madison, Daniel; Meyer, Seth; Kruse, John; and Binfield, Julian, "FAPRI 2002 World Agricultural Outlook" (2002). FAPRI Staff Reports. 6.