Major Factors Affecting World Agriculture
Economic slowdown of Asia and Latin America in the short-run with possible spillover effect around the world.
Recent devaluation of Brazilian currency and projected devaluation of Chinese currency in next few years.
World economic growth recovers close to pre-crisis level in the next four years (world real GDP grows between 3 and 4 percent)
Continued uncertainties involving transition economies, particularly Russia and other FSU republics.
Slowing population growth in the developing countries translates into increasing per capita income.
Continuing trade liberalization and market access commitments.
Proposed Agenda 2000 and EU enlargement to accommodate Central and Eastern European countries.
Technological development and adoption including genetically modified organisms (GMOs).