This paper briefly summarizes the impacts of the European Union's Common Agricultural Policy (CAP) reforms on the European agricultural sector and on international agricultural trade. Objectives of the CAP reform (as stated in EU Commission documents) are to ensure the environmental viability of...

The Food and Agricultural Policy Research Institute (FAPRI) prepares a preliminary agricultural outlook on world agricultural production, consumption, and trade every fall. This is followed by an outside review, re-evaluation of projections, and completion of the final baseline in January. The...

Using a world agricultural multimarket model, the authors analyze the consequences of enlargement of the European Union (EU) to include the Czech Republic, Hungary, and Poland for agricultural markets and produce a market outlook through the year 2010 for two enlargement scenarios. These two...

How can economists estimate consumption parameters by income classes? The approach used in this paper combines price elasticities estimated from aggregated market data and income-class-specific elasticities derived from household expenditure surveys using Slutsky relationships to calculate...