Abstract
During the last few decades we have been experiencing production surpluses in the developed world and stagnating growth in the developing part of the world — most of it being the result of (intended) policies. It is the policy reforms combined with the economic growth in emerging economies that the world is now and has been experiencing which led to changing patterns in the demand/supply relationships for most agricultural commodities. It has turned the agricultural industry into a market-driven environment ready to accept investments. This has also led to an increase in agricultural trade relations and volumes — a phenomenon the developing nations of the world have been benefiting from most. Despite the technology improvements in the industry, it is likely to experience a decline of productivity in the short to medium term. Although projections conclude that supply should keep track of increasing global demand, the margin is minimal, and therefore it is to be expected that agricultural prices will stay relatively high.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
Copyright information
© 2014 Luc Nijs
About this chapter
Cite this chapter
Nijs, L. (2014). Future Agricultural Dynamics. In: The Handbook of Global Agricultural Markets. Palgrave Macmillan, London. https://doi.org/10.1057/9781137302342_18
Download citation
DOI: https://doi.org/10.1057/9781137302342_18
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-45383-2
Online ISBN: 978-1-137-30234-2
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)