SETTING THE STAGE: AMERICAN AGRICULTURE TODAY AND WHAT WE CAN EXPECT OVER THE NEXT 5 TO 10 YEARS
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According to estimates made by the Food and Agricultural Policy Research Institute in March of 1999, there are several macro factors that will significantly impact U.S. and global agriculture over the next decade. Factors leading to near-term price pressure are contrasted with likely implications for the longer term. In general, the longer run estimated consequences for global agriculture are more positive, but with the strong likelihood of low price pressure lingering over the next two to three years.