Long term outlook for global agricultural markets: Implications for farm prices and profitability

Mike Dwyer,Global Policy Analysis Director, Foreign Agricultural Service/USDA, presented at an Agbiz event: "The Long Term Outlook for Global Agricultural Markets: Implications for Farm Prices and Profitability".

Factors impacting US and global food and agricultural markets over the next decade:
1. Global economic growth and the rise of the “middle class” in developing countries
2. Value of the U.S. dollar
3. Worldwide biofuels production
4. Role of trade and trade liberalization
5. Energy and agricultural input prices
6. Additional crop land
7. Biotech developments


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