OECD and FAO Report – Agricultural Outlook 2012-2021

Citation

(2013), "OECD and FAO Report – Agricultural Outlook 2012-2021", Management of Environmental Quality, Vol. 24 No. 1. https://doi.org/10.1108/meq.2013.08324aaa.009

OECD and FAO Report – Agricultural Outlook 2012-2021

OECD and FAO Report – Agricultural Outlook 2012-2021

Article Type: Books and resources From: Management of Environmental Quality: An International Journal, Volume 24, Issue 1.

OECDParisJuly 2012288 pp.ISBN 9789264173026£54

This 18th edition of the Agricultural Outlook gives an overview of market trends and prospects for production, consumption, trade stocks and prices of agricultural commodities. The report suggests that agricultural commodity prices will remain high throughout the next decade, based on an assumption that oil prices will continue to rise. The report indicates a need for a 60 per cent increase in agricultural production over the next 40 years, if rising demands for food and expanding biofuel production needs are to be met. The report also identifies an urgent need to improve the sustainable use of available land, water, marine ecosystems, fish stocks, forests and biodiversity. Based on its findings, the report identifies key agricultural policy challenges for the future, including: creating the right commercial, technical and regulatory environment; strengthening agricultural innovation systems; and encouraging better agronomic practices.