By Organisation for Economic Co-Operation and Development
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Extra info for Agricultural Trade and Poverty: Making Policy Analysis Count
Second, program crops (contract crops, oilseeds, sugar, and tobacco) benefit from producer price subsidies known as marketing assistance loans and/or loan deficiency payments, essentially the difference between the market price and the loan rate which acts as a price floor. Finally, “countercyclical” emergency payments under the “market loss assistance” program have been taking place since 1998 for contract crops, dairy and soybeans. Loan deficiency payments are contentious because they are directly linked to output and are trade distorting.
Yet, in Aglink, all countries should be represented in some form, even though many are included indirectly through the final “others aggregate”. In the context of the model scope, it is important to note that the model is in a constant state of development. For example, the representation of Russia is a recent development that was enabled through the assistance with officials of the Russian Ministry of Agriculture and through contributions by co-operators at Agriculture and Agra-food Canada and the Economic Research Service of the USA.
In this capacity, the Outlook text focuses on the main factors of supply or demand changes during the projection period, which may help the reader to understand what forces are more important for markets in the medium-term future. A second use of the Outlook projections is to provide a basis for scenario analysis, several examples of which are provided in each Outlook publication in order to highlight further critical assumptions or factors. ” scenarios that vary the assumptions. The implications for market prices and quantities of alternative levels of exchange rates or income growth, yields and policy parameters are measured against the neutral projections of the Outlook.
Agricultural Trade and Poverty: Making Policy Analysis Count by Organisation for Economic Co-Operation and Development