Anal ysi soft heBer l i nAccor dRef or msoft heEur opeanUni on’ s Common Agricultural Policy FAPRI Staff* Food and Agricultural Policy Research Institute Briefing Paper 99-BP 24 June 1999 Center for Agricultural and Rural Development Iowa State University Ames, Iowa 50011-1070 www.card.iastate.edu *FAPRI Staff who contributed to this paper are Bruce A. Babcock, John C. Beghin, Samarendu Mohanty, Frank Fuller, Jacinto Fabiosa, Sudhir Chaudhary, Phillip Kaus, Cheng Fang, Chad Hart, and Karen Kovarik. This paper is available online on the CARD Web site: www.card.iastate.edu. Permission is granted to cite this information with appropriate attribution to the authors. Questions or comments about the contents of this paper should be directed to John Beghin, 578 Heady Hall, Iowa State University, Ames, Iowa 50011-1070; Ph: (515) 294-5811; Fax: (515) 2946336; E-mail: beghin@iastate.edu. Iowa State University does not discriminate on the basis of race, color, age, religion, national origin, sexual orientation, gender identity, sex, marital status, disability, or status as a U.S. veteran. Inquiries can be directed to the Director of Equal Opportunity and Diversity, 3680 Beardshear Hall, (515) 294-7612. ANALYSIS OF THE BERLIN ACCORD REFORMS OF THE EUROPEAN UNION’S COMMON AGRICULTURAL POLICY This document 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 European agriculture, and •= to protect the livelihood of European farmers. DURING THE BERLIN European Council meeting in March, 1999, European Union (EU) heads of state reached an agreement on the political and financial guidelines of the Agenda 2000 reforms (reforms to the EU’s Common Agricultural Policy [CAP]). The guidelines were officially adopted by the Council two months later. An analysis of the Berlin Accord reforms (summarized in the briefing paper) was conducted by this Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University as part of a study of the impacts of enlarging the EU to include the Central and Eastern European countries (CEECs).1 The initial Agenda 2000 reform proposal was drafted in 1997, and, after several revisions, the proposal now constitutes the most comprehensive plan for reform of the CAP since the “MacSharry” reforms in 1991-92. As with the MacSharry reforms, the Agenda 2000 proposal is intended to reduce support for commodities through market interventions and increase support to farmers through direct payments. The specifics of the proposed reforms are outlined in the next section. Assumptions of the Analysis The FAPRI modeling system was employed to simulate the implementation of the proposed CAP reforms. This modeling system incorporates forecasts of macroeconomic variables–such as gross domestic product (GDP), inflation rates, and exchange rates–that were obtained from Standard and Poors DRI, Project Link, and WEFA. FAPRI researchers assume that average weather will prevail in the projection period. Apart from the policy changes contained in the Agenda 2000 proposal, domestic agricultural and commercial policies embodied in existing legislation and trade agreements are assumed to remain intact. The analysis uses the reform proposal outlined by the Agricultural Directorate General of the European Commission (DG VI 1999; DG VI 1999a). The proposal includes the following commodity-specific policy changes. 1 The Midwest Agribusiness Trade Research and Information Center (MATRIC) funded the EU enlargement analysis. Crops The cereals intervention price is reduced by 15 percent in two equal steps, with the first reduction occurring during the 2000/01 marketing year. Cereals producers will be compensated for the price support reduction by increasing compensation payments from 54.34 to 63 euros per metric ton. The base rate for compulsory set-aside is 10 percent through the 2006/07 marketing year. Direct payments to oilseed producers will be progressively reduced to the level for cereals by the 2002/03 marketing year. Protein crops will receive a direct payment of 9.5 euros per metric ton in addition to the basic direct payment Beef The beef intervention price is reduced by 20 percent over a three-year period. In July 2002, the intervention price will be replaced by a beef basic price of 2224 euros per metric ton, and a private storage aid scheme will be introduced. Beef producers will be compensated for the decline in market prices by a phased increase in the special premium for steers and bulls and the suckler cow premium to 300, 210, and 200 euros per head, respectively. In addition, a slaughter premium is introduced, paying 80 euros per head for adult animals and 50 euros per head for calves. All producer premiums are capped at the regional level to contain expenditures; however, national governments may supplement producer payments up to the national financial expenditure limit established for each country. Finally, the extensification premium is increased to encourage reduced stocking densities. Dairy The current milk quota system is retained under Agenda 2000; however, quotas are increased in two stages. In 2000 and 2001, quotas for Greece, Spain, Ireland, Italy, and Northern Ireland are increased to more accurately reflect current production. Quotas for all countries are increased by 1.5 percent over the three-year period beginning in 2005. Butter and skim milk powder (SMP) intervention prices are reduced by 15 percent in three equal steps beginning in 2005. Producers will be compensated for the price reduction by the introduction of a payment of 17.24 euros per metric ton of milk delivered under the quota system. The Agenda 2000 proposal also outlines new regulations governing wine production and rural development policy. These regulations are an integral part of the proposed reforms, particularly the rural development policy; nevertheless, they do not affect the analysis described in this document and are ignored in the following discussion of the analysis results. Results The commodity policy changes described above were implemented in the FAPRI international agricultural policy model, and the model simulated the Agenda 2000 reforms through the 2008/09 crop year. The simulation results are compared to the 1999 FAPRI world agricultural baseline (FAPRI 1999) to assess the impacts of the policy changes on European and international agricultural markets. Impacts on Crops. The impacts on the crop sector largely depend on the assumed EU set-aside rate, both in the baseline and the Berlin Accord analysis. In the baseline, the set-aside rate was Analysis of the Berlin Accord Reforms / 3 raised from 10 percent in 1999/00 to 15 percent in 2008/09 based on market conditions. For the Berlin Accord scenario, a 10 percent set-aside is maintained throughout the period, as indicated in the accord. With a set-aside rate of 10 percent for 2000/01 and 2001/02, both in the baseline and the scenario, the Berlin Accord is not projected to have any significant impact on crop production. Total crop area declines slightly during this period, due to an increase in voluntary set-aside area in response to the lower intervention price. After 2001, the total area devoted to cereals and oilseeds increases because the set-aside rate is below the baseline level. The 2 percent reduction in set-aside each year during 2002 to 2004 and the 5 percent reduction during 2005 to 2008 increases crop area by little over 1 and 3 percent 43000 16 42500 14 42000 12 41500 10 41000 8 40500 6 40000 Percent Thousand Hectares Figure 1. EU Crop Area and Set Aside Rates 4 39500 2 39000 0 38500 1 9 9 8 /9 9 B ase line A r ea 2 0 0 0 /0 1 2 0 0 2 /0 3 A G 20 0 0 A rea 2 0 0 4 /0 5 2 0 0 6 /0 7 B a selin e S et A sid e 2 0 0 8 /0 9 A G 20 00 S et A sid e respectively (see Figure 1). Most of the rise in total area is likely to go into wheat production because the expected net return for wheat does not decline as much as for corn and barley. The addition of less productive land in production and lower prices cause a small decline in EU cereal yields. A modest change is projected for domestic use of cereals, with feed use rising mainly because of lower prices. In the baseline, EU wheat stock rises steadily until 2005/06 because weaker world prices restrict EU exports to the maximum level allowed by the Uruguay Round Agreement on Agriculture (URAA). After 2005, commercial exports expand as the worldprice strengthens. However, under the Berlin Accord, the decline in the intervention price enables the EU to export wheat without subsidy from 2001/02, and commercial exports expand above the baseline levels (see Figure 2). The increase in wheat exports results in a steady reduction of cereal intervention stocks. Figure 2. EU Wheat Exports and Price Million Metric Tons 125 20 120 15 115 10 110 105 5 100 95 0 1998/99 2000/01 Baseline Exports 2002/03 AG 2000 Exports 2004/05 2006/07 Baseline Price 2008/09 AG 2000 Price EURO per Metric Ton 130 25 Analysis of the Berlin Accord Reforms / 5 By equalizing the direct payments for both cereals and oilseeds, the Berlin Accord puts an end to restrictions on oilseed plantings contained in the Blair House Agreement; thus, planting decisions should be driven by market factors. Based on relative returns, oilseed area is projected to decline in the Berlin Accord scenario. Impacts on the U.S. and World Markets Implementation of the Berlin Accord is likely to expand EU exports and reduce world prices for most crops. However, changes in world market prices are likely to be small. The United States and the EU compete most heavily in the world wheat market. Because the EU would produce and export more wheat under the Berlin Accord, the world reference price for wheat is expected to decline by an average of 2 to 3 percent (see Figure 3). Similarly, U.S. wheat exports are likely to fall by 2 to 3 percent. In addition to the United States, wheat exports by other major exporters such as Argentina, Australia, and Canada also decline by 1 to 2 percent. Unlike wheat, U.S. corn and soybean prices are projected to fall by less than 1 percent. The reduction in EU oilseed production under the Berlin Accord increases U.S. soybean and soybean meal exports slightly. 31 180 30 170 29 160 28 150 27 140 26 130 25 120 24 110 100 23 1998/99 2000/01 Baseline Exports 2002/03 AG 2000 Exports 2004/05 2006/07 Baseline Price 2008/09 AG 2000 Price US Dollars per Metric Ton Million Metric Tons Figure 3. US Wheat Exports and Price 6 / FAPRI Staff Livestock The impacts of the Berlin Accord in the livestock sector are dominated by changes in the EU beef market. The phased reduction in the beef intervention price prompts the release of beef intervention stocks, reducing domestic beef prices. The magnitude of the decline in EU beef prices is determined, in part, by how the Commission handles export subsidies. If subsidized beef exports are maintained at the maximum levels allowed under the URAA, domestic beef prices will be supported, counteracting efforts to increase international competitiveness through the reduction in the intervention price. Consequently, we assume the EU Commission will reduce subsidized beef exports as long as industry revenues are as great as under the baseline. The net impact on the EU average beef producer price is a 6.44 and a 7.42 percent decline in 2000 and 2001 relative to the baseline projections. EU beef net exports are an average of 150 thousand metric tons below the baseline during those two years. By 2002, the intervention price reductions are complete, and intervention stocks are eliminated. We assume that private beef stocks will replace intervention stocks at a level near 2.5 percent of annual beef consumption. In 2002, EU beef prices are 5 percent below the U.S. price. Although U.S. and European beef are not perfect substitutes on international markets, it is assumed that with the 5 percent price discount, the EU can export beef without subsidy. The EU will most likely continue to subsidize beef exports to certain markets; however, beef exports will not be constrained by URAA limits. Consequently, EU beef prices move with international prices from 2002 onward, and beef exports exceed the baseline levels five of seven years from 2002 to 2008. Figure 4 summarizes the movements in the EU and U.S. beef prices and changes in beef exports. Beef producers in the EU respond to lower prices by decreasing beef production slightly relative to the baseline, averaging 0.5 percent lower. The downward pressures on beef production are offset partially by producer payments, changes in dairy cow inventories, and reductions in feed costs. We assume that most direct payments to producers are coupled to production over some range cattle inventories. Though the degree of coupling and the relevant ranges are not known, FAPRI researchers approximate the positive impacts on production by assuming the increases in the special premium to male animals if fully coupled. Lower beef prices encourage consumers in the EU to increase their consumption of beef between 1.5 and 3 percent over the baseline levels. Substitution effects away from pork and poultry consumption are fully compensated by lower pork and poultry prices. Lower cereal and oilseed prices prompt small increases in EU pork and poultry production, averaging less than 1 percent, inducing an average decline in EU pork and poultry prices of 3.8 to 4 percent relative to the baseline. 7 / FAPRI Staff 150 250 100 225 50 200 0 175 -50 150 -100 125 -150 -200 EURO/100 kg Deadweight Thousand Metric Tons Figure 4. EU and U S Beef Prices and Export C hanges 100 1998 20 00 EU Exports 2002 U .S. Exports 2004 E U P rice 2006 20 08 U .S. P rice Dairy The impacts of the Berlin Accord on the dairy sector are modest during the first five years of the simulation period. The increase in the milk quota in 2000 and 2001 raises milk production by less than 1 percent, depressing the milk price an average of 2.5 percent. The larger increase in the dairy quota beginning in 2005 raises milk production 1.6 percent above the baseline in 2008. As in the baseline, dairy cow inventories are expected to decline throughout the projection period in response to greater output per cow. Nevertheless, the increase in the dairy quota slows the decline in cow inventories, leaving cow numbers 1.52 percent above the baseline levels in 2008. Butter and SMP intervention prices are reduced concurrently with the second increase in the milk quota. The combination of lower market support and increased production pushes the milk price 9.5 percent below the baseline in 2007. Butter and SMP prices decline up to 10.95 and 11.54 percent, respectively, causing milk processors to shift milk away from butter and SMP production and into cheese and whole milk powder (WMP) production. EU cheese output rises 3 percent over the baseline, inducing a 7.6 percent decline in the domestic cheese price by 2007. As a consequence, EU cheese exports are projected to rise more than 5 percent over the baseline projection. Declines in SMP production coupled with increases in domestic consumption lead to a 17 percent decline in EU SMP exports in 2007. Figure 5 displays the changes in EU dairy product exports expressed in milk equivalent. Analysis of the Berlin Accord Reforms / 9 Figure 5. EU Dairy Product Export Changes in Milk Equivalent Thousand Metric Tons 1000 500 0 -500 -1000 -1500 -2000 2000 2001 2002 2003 Cheese 2004 Butter 2005 SMP 2006 2007 2008 WMP Concluding Remarks The CAP reforms resulting from the Berlin Accord are likely to create substantial changes in European agricultural markets. In particular, implementation of the Berlin Accord will expand cereal production in the EU, lowering wheat prices and enhancing the EU’s ability to export without subsidies. This will lead to lower world wheat prices and also lower U.S. exports. Prices of other crops, such as corn, soybeans, and barley are lower under the Berlin Accord, though the effects are much smaller than for wheat. Likewise, policy changes in the livestock and dairy sector will lower beef and dairy product prices between 5 and 15 percent. EU beef exports may no longer be constrained by export subsidy reduction commitments, as EU domestic beef prices fall below the world price. The impact of changes in the EU beef market on U.S. beef prices and exports is small. Expansion in EU milk output will be channeled predominately into cheese production, lowering EU prices and increasing cheese exports. The results reported in this analysis are dependent on series of assumptions relating to the functioning of EU markets and to the future world agricultural and macro-economic situations. Changes in the underlying assumptions could significantly alter the results reported in this study. References Directorate General VI (Agriculture). 1999. “Agriculture Council: Policy Agreement on CAP Reform.” DG VI Newsletter (Special Edition), March 11, 1999 <http://europa.eu.int/comm/dg06/publi/newsletter/spec1_en.htm> June 14, 1999. Directorate General VI (Agriculture). 1999a. “Berlin European Council: Agenda 2000, conclusions of the Presidency.” DG VI Newsletter (10), March 1999 < http://europa.eu.int/comm/dg06/publi/newsletter/10_en.htm> June 14, 1999. Food and Agricultural Policy Research Institute (FAPRI). 1999. FAPRI 1999 World Agricultural Outlook. Staff Report 2-99, Ames, Iowa. Impacts of Agenda 2000 U.S. Wheat Trade 99/00 Exports Baseline Agenda 2000 Scenario Change % Change FOB Gulf Price Baseline Agenda 2000 Scenario Change % Change 28.35 28.39 0.04 0.13% 00/01 01/02 02/03 29.49 29.43 -0.06 -0.19% 30.72 30.25 -0.47 -1.53% 31.14 30.46 -0.68 -2.19% 03/04 04/05 05/06 (Million Metric Tons) 31.46 32.01 32.68 30.48 30.79 31.13 -0.98 -1.22 -1.55 -3.12% -3.82% -4.74% 06/07 07/08 32.50 31.46 -1.04 -3.19% 32.23 31.66 -0.57 -1.77% 08/09 31.88 31.99 0.11 0.34% (Dollars per Metric Ton) 134.69 141.93 145.98 149.92 155.20 158.66 162.80 163.71 165.32 167.11 134.83 142.03 144.58 147.55 151.48 154.28 156.92 160.26 162.87 166.89 0.14 0.10 -1.40 -2.37 -3.72 -4.38 -5.88 -3.45 -2.45 -0.22 0.10% 0.07% -0.96% -1.58% -2.40% -2.76% -3.61% -2.11% -1.48% -0.13% Impacts of Agenda 2000 U.S. Corn Trade 99/00 00/01 01/02 Exports Baseline Agenda 2000 Scenario Change % Change 44.29 44.34 0.05 0.12% 45.43 45.58 0.15 0.32% 47.52 47.91 0.39 0.82% FOB Gulf Price Baseline Agenda 2000 Scenario Change % Change 91.54 91.60 0.06 0.06% 94.05 94.23 0.18 0.19% 95.80 96.07 0.27 0.28% 02/03 49.10 49.48 0.38 0.77% 03/04 04/05 (Million Metric Tons) 50.27 51.67 50.83 52.40 0.56 0.73 1.10% 1.42% 05/06 53.73 54.23 0.50 0.94% 06/07 55.86 56.12 0.26 0.46% 07/08 57.90 58.20 0.30 0.51% 08/09 60.54 60.04 -0.50 -0.83% (Dollars per Metric Ton) 98.61 101.83 103.85 106.32 107.96 109.90 112.95 98.17 101.20 102.94 104.90 106.49 108.73 111.40 -0.44 -0.63 -0.91 -1.42 -1.47 -1.17 -1.55 -0.44% -0.62% -0.87% -1.34% -1.36% -1.07% -1.37% Impacts of Agenda 2000 U.S. Barley Trade 1 of 3 99/00 00/01 01/02 Exports Baseline Agenda 2000 Scenario Change % Change 0.71 0.71 0.00 -0.18% 0.77 0.77 0.00 -0.19% Portland Baseline Agenda 2000 Scenario Change % Change (Dollars per Metric Ton) 115.71 117.49 118.83 122.04 124.79 126.69 128.57 130.06 131.88 134.69 115.76 117.65 118.98 121.09 124.12 125.01 127.03 127.66 131.36 132.76 0.05 0.16 0.15 -0.95 -0.67 -1.68 -1.54 -2.40 -0.52 -1.93 0.04% 0.14% 0.12% -0.77% -0.54% -1.32% -1.20% -1.84% -0.40% -1.43% 0.82 0.82 0.00 0.61% 02/03 0.83 0.85 0.02 2.14% U.S. 03/04 04/05 05/06 (Million Metric Tons) 0.88 0.91 0.96 0.88 0.94 0.96 0.00 0.03 0.00 -0.12% 2.93% -0.19% 06/07 0.99 1.02 0.03 2.74% 07/08 1.02 1.00 -0.02 -2.24% 08/09 1.06 1.07 0.01 1.03% I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 U.S. Soybeans Trade 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 Exports Baseline Agenda 2000 Scenario Change % Change 25.97 25.97 0.00 -0.01% FOB Gulf Price Baseline Agenda 2000 Scenario Change % Change (Dollars per Metric Ton) 203.45 207.17 211.76 214.84 216.40 220.16 222.18 225.97 227.49 232.28 203.40 207.49 212.28 214.81 215.30 218.79 220.44 223.33 226.01 230.58 -0.05 0.32 0.52 -0.03 -1.10 -1.37 -1.74 -2.64 -1.48 -1.70 -0.02% 0.16% 0.24% -0.01% -0.51% -0.62% -0.78% -1.17% -0.65% -0.73% 26.25 26.25 0.00 0.00% 26.31 26.30 -0.01 -0.04% 26.56 26.57 0.01 0.05% (Million Metric Tons) 26.82 27.01 26.87 27.07 0.05 0.06 0.18% 0.23% 27.33 27.42 0.09 0.32% 27.59 27.70 0.11 0.38% 27.98 28.07 0.09 0.32% 28.31 28.41 0.10 0.35% Impacts of Agenda 2000 U.S. Soy Meal Trade 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 Exports Baseline Agenda 2000 Scenario Change % Change 7.29 7.29 0.00 -0.01% 48% Meal Price Baseline Agenda 2000 Scenario Change % Change (Dollars per Metric Ton) 156.25 163.03 170.23 177.19 181.65 186.76 191.11 195.63 197.70 203.32 156.24 163.62 171.18 177.35 180.95 185.59 189.56 193.69 196.64 201.64 -0.01 0.59 0.95 0.16 -0.70 -1.17 -1.55 -1.94 -1.06 -1.68 -0.01% 0.36% 0.56% 0.09% -0.39% -0.62% -0.81% -0.99% -0.54% -0.83% 7.27 7.30 0.03 0.43% 7.19 7.24 0.04 0.58% 7.29 7.34 0.06 0.77% (Million Metric Tons) 7.31 7.51 7.37 7.57 0.06 0.07 0.89% 0.91% 7.71 7.80 0.08 1.06% 8.00 8.10 0.09 1.18% 8.34 8.44 0.10 1.25% 8.58 8.68 0.10 1.12% Impacts of Agenda 2000 U.S. Soy Oil Trade 99/00 Exports Baseline Agenda 2000 Scenario Change % Change Price Decater Baseline Agenda 2000 Scenario Change % Change 2 of 3 1.089 1.089 0.00 0.01% 00/01 1.091 1.092 0.00 0.06% 01/02 1.076 1.076 0.00 0.08% 02/03 1.103 1.102 0.00 -0.11% 03/04 04/05 05/06 (Million Metric Tons) 1.124 1.172 1.227 1.123 1.170 1.224 0.00 0.00 0.00 -0.16% -0.16% -0.19% 06/07 1.298 1.296 0.00 -0.13% 07/08 1.385 1.387 0.00 0.15% 08/09 1.486 1.488 0.00 0.16% (Dollars per Metric Ton) 540.41 538.81 530.64 519.65 510.21 509.36 506.61 510.85 516.55 526.06 540.30 538.40 529.81 518.75 508.19 507.69 504.81 507.49 514.85 525.12 -0.11 -0.41 -0.83 -0.90 -2.02 -1.67 -1.80 -3.36 -1.70 -0.94 -0.02% -0.08% -0.16% -0.17% -0.40% -0.33% -0.35% -0.66% -0.33% -0.18% U.S. I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 U.S. Beef Trade 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Exports Baseline Agenda 2000 Scenario Change % Change 1,017 1,017 0.00 0.0% 1,126 1,223 97.15 8.6% 1,196 1,289 93.09 7.8% (Thousand Metric Tons) 1,260 1,363 1,469 1,219 1,317 1,464 -41.08 -46.81 -4.45 -3.3% -3.4% -0.3% 1,637 1,666 28.67 1.8% 1,813 1,856 43.44 2.4% 1,852 1,855 3.67 0.2% 1,810 1,760 -50.22 -2.8% Steer Price Baseline Agenda 2000 Scenario Change % Change 1,449 1,449 0.00 0.0% 1,528 1,559 31.46 2.1% 1,605 1,639 34.61 2.2% (Dollars per Metric Ton) 1,665 1,644 1,613 1,655 1,620 1,592 -9.81 -23.69 -21.22 -0.6% -1.4% -1.3% 1,563 1,552 -11.30 -0.7% 1,530 1,530 -0.67 0.0% 1,569 1,562 -7.09 -0.5% 1,644 1,621 -23.25 -1.4% 2005 2006 Impacts of Agenda 2000 U.S. Pork Trade 1999 2000 2001 2002 2003 2004 2007 2008 Exports Baseline Agenda 2000 Scenario Change % Change 642 642 0.00 0.0% 674 662 -11.43 -1.7% 709 696 -12.18 -1.7% (Thousand Metric Tons) 788 846 893 951 791 848 882 929 2.20 1.97 -11.37 -22.65 0.3% 0.2% -1.3% -2.4% 1,013 986 -27.19 -2.7% 1,079 1,060 -19.59 -1.8% 1,149 1,142 -7.41 -0.6% Barrow & Gilt Price Baseline Agenda 2000 Scenario Change % Change 781 781 0.00 0.0% 937 944 6.77 0.7% 980 984 3.97 0.4% (Dollars per Metric Ton) 958 805 922 994 948 795 917 993 -9.62 -9.68 -4.63 -1.03 -1.0% -1.2% -0.5% -0.1% 938 937 -0.47 -0.1% 864 859 -4.78 -0.6% 920 910 -9.76 -1.1% Impacts of Agenda 2000 U.S. Poultry Trade 1999 3 of 3 2000 2001 Exports Baseline Agenda 2000 Scenario Change % Change 1,987 1,987 0.00 0.0% 2,270 2,260 -9.49 -0.4% 2,365 2,351 -13.93 -0.6% Broiler 12 City Price Baseline Agenda 2000 Scenario Change % Change 1,310 1,310 0.00 0.0% 1,242 1,246 3.49 0.3% 1,258 1,260 2.11 0.2% 2002 2003 2004 2005 2006 2007 2008 (Thousand Metric Tons) 2,522 2,779 2,936 3,077 2,512 2,765 2,918 3,058 -9.39 -13.23 -17.19 -18.98 -0.4% -0.5% -0.6% -0.6% 3,228 3,211 -16.74 -0.5% 3,362 3,353 -8.61 -0.3% 3,451 3,449 -1.96 -0.1% (Dollars per Metric Ton) 1,252 1,256 1,253 1,248 1,251 1,247 -4.25 -5.47 -5.52 -0.3% -0.4% -0.4% 1,248 1,242 -5.97 -0.5% 1,240 1,232 -7.34 -0.6% 1,239 1,230 -9.41 -0.8% 1,254 1,244 -10.29 -0.8% U.S. I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on World Wheat Trade 1 of 3 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 Net Exporters Argentina Baseline Agenda 2000 Scenario Change % Change 5.98 5.98 0.00 0.0% 6.27 6.27 0.00 0.0% 6.48 6.48 0.00 0.0% (Million Metric Tons) 6.72 6.94 7.15 6.72 6.92 7.12 0.00 -0.02 -0.03 0.0% -0.3% -0.5% 7.37 7.32 -0.05 -0.7% 7.59 7.52 -0.07 -0.9% 7.80 7.72 -0.08 -1.1% 7.99 7.92 -0.07 -0.8% 8.19 8.15 -0.05 -0.6% Australia Baseline Agenda 2000 Scenario Change % Change 13.97 13.97 0.00 0.0% 14.95 14.95 0.00 0.0% 14.70 14.70 0.00 0.0% 14.41 14.41 0.00 0.0% 14.38 14.37 -0.01 -0.1% 14.61 14.59 -0.02 -0.1% 14.99 14.95 -0.04 -0.3% 15.42 15.36 -0.07 -0.4% 15.85 15.75 -0.10 -0.6% 16.24 16.12 -0.11 -0.7% 16.55 16.44 -0.12 -0.7% Canada Baseline Agenda 2000 Scenario Change % Change 15.30 15.30 0.00 0.0% 15.54 15.54 0.01 0.0% 15.66 15.66 0.00 0.0% 15.88 15.80 -0.07 -0.5% 16.15 16.00 -0.15 -0.9% 16.49 16.25 -0.24 -1.5% 16.83 16.50 -0.33 -1.9% 17.18 16.75 -0.43 -2.5% 17.52 17.13 -0.40 -2.3% 17.68 17.34 -0.33 -1.9% 17.85 17.65 -0.20 -1.1% Eastern Europe Baseline Agenda 2000 Scenario Change % Change 1.18 1.18 0.00 0.0% 0.67 0.65 -0.02 -3.2% 1.16 1.15 -0.01 -0.9% 1.40 1.35 -0.05 -3.4% 1.45 1.36 -0.09 -6.0% 1.45 1.32 -0.13 -9.2% 1.41 1.24 -0.17 -12.1% 1.40 1.17 -0.23 -16.4% 1.31 1.12 -0.19 -14.6% 1.28 1.14 -0.14 -11.2% 1.21 1.18 -0.03 -2.9% United States Baseline Agenda 2000 Scenario Change % Change 27.37 27.37 0.00 0.0% 25.90 25.94 0.03 0.1% 27.03 26.98 -0.05 -0.2% 28.26 27.80 -0.46 -1.6% 28.68 28.01 -0.67 -2.3% 29.01 28.03 -0.98 -3.4% 29.56 28.34 -1.22 -4.1% 30.25 28.68 -1.57 -5.2% 30.08 29.01 -1.07 -3.5% 29.83 29.21 -0.62 -2.1% 29.48 29.54 0.07 0.2% European Union Baseline Agenda 2000 Scenario Change % Change 15.24 15.24 0.00 0.0% 14.72 14.67 -0.05 -0.4% 13.29 13.29 0.00 0.0% 13.29 14.18 0.88 6.7% 13.29 15.05 1.76 13.2% 13.29 16.05 2.76 20.8% 13.29 16.95 3.65 27.5% 13.29 18.02 4.72 35.5% 15.16 19.08 3.92 25.9% 17.40 20.15 2.75 15.8% 20.62 21.48 0.86 4.2% Other Exporters Baseline Agenda 2000 Scenario Change % Change 22.23 22.23 0.00 0.0% 22.91 22.91 0.00 0.0% 24.41 24.43 0.01 0.1% 25.09 25.01 -0.08 -0.3% 25.97 25.64 -0.33 -1.3% 26.44 25.97 -0.47 -1.8% 27.01 26.33 -0.68 -2.5% 27.47 26.67 -0.79 -2.9% 27.75 26.89 -0.86 -3.1% 27.88 27.34 -0.54 -1.9% 27.64 27.34 -0.30 -1.1% Net Importers Japan Baseline Agenda 2000 Scenario Change % Change 5.80 5.80 0.00 0.0% 5.80 5.80 0.00 0.0% 5.79 5.79 0.00 0.0% 5.80 5.80 0.00 0.0% 5.81 5.81 0.00 0.0% 5.84 5.84 0.00 0.0% 5.87 5.87 0.00 0.0% 5.89 5.89 0.00 0.0% 5.93 5.93 0.00 0.0% 5.97 5.97 0.00 0.0% 6.01 6.01 0.00 0.0% China Baseline Agenda 2000 Scenario Change % Change 1.00 1.00 0.00 0.0% 0.98 0.97 -0.01 -1.2% 1.55 1.54 -0.01 -0.6% 2.17 2.25 0.08 3.7% 2.81 3.02 0.21 7.4% 2.57 2.99 0.42 16.2% 2.28 2.84 0.56 24.6% 1.88 2.69 0.81 43.0% 1.71 2.43 0.72 42.2% 1.63 2.28 0.65 39.8% 1.74 2.02 0.28 16.4% Brazil Baseline Agenda 2000 Scenario Change % Change 5.86 5.86 0.00 0.0% 5.96 5.96 0.00 0.0% 6.03 6.03 0.00 0.0% 6.10 6.10 0.00 0.0% 6.15 6.16 0.01 0.1% 6.22 6.22 0.01 0.1% 6.29 6.30 0.01 0.1% 6.38 6.39 0.01 0.2% 6.48 6.49 0.01 0.1% 6.57 6.57 0.01 0.1% 6.66 6.67 0.00 0.1% Mexico Baseline Agenda 2000 Scenario Change % Change 2.25 2.25 0.00 0.0% 2.26 2.26 0.00 0.0% 2.32 2.32 0.00 0.0% 2.38 2.38 0.00 0.1% 2.47 2.48 0.01 0.3% 2.58 2.59 0.01 0.4% 2.69 2.70 0.01 0.5% 2.81 2.83 0.02 0.6% 2.95 2.96 0.02 0.5% 3.10 3.11 0.01 0.3% 3.26 3.26 0.00 0.1% Rest of World Baseline Agenda 2000 Scenario Change % Change 65.23 65.23 0.00 0.0% 64.06 64.06 0.00 0.0% 64.70 64.68 -0.02 0.0% 66.08 66.27 0.18 0.3% 66.84 67.23 0.39 0.6% 68.03 68.66 0.63 0.9% 69.56 70.40 0.84 1.2% 71.23 72.32 1.09 1.5% 73.45 74.30 0.85 1.2% 75.52 76.11 0.59 0.8% 77.92 78.06 0.14 0.2% Trade Selected Countries I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on World Corn Trade 2 of 3 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 Net Exporters Argentina Baseline Agenda 2000 Scenario Change % Change 9.00 9.00 0.00 0.0% 7.67 7.67 0.00 0.0% 7.62 7.62 0.00 0.0% (Million Metric Tons) 7.70 7.86 8.08 7.70 7.85 8.06 0.00 -0.01 -0.01 0.0% -0.1% -0.2% 8.34 8.33 -0.01 -0.2% 8.60 8.59 -0.01 -0.1% 8.85 8.84 -0.01 -0.1% 9.08 9.08 0.00 0.0% 9.30 9.30 0.00 0.0% United States Baseline Agenda 2000 Scenario Change % Change 42.46 42.46 0.00 0.0% 44.04 44.09 0.05 0.1% 45.18 45.33 0.15 0.3% 47.27 47.65 0.38 0.8% 48.85 49.23 0.38 0.8% 50.02 50.57 0.55 1.1% 51.41 52.15 0.74 1.4% 53.47 53.97 0.50 0.9% 55.60 55.86 0.26 0.5% 57.64 57.95 0.31 0.5% 60.27 59.78 -0.49 -0.8% Eastern Europe Baseline Agenda 2000 Scenario Change % Change 1.49 1.49 0.00 0.0% 1.36 1.36 0.00 -0.3% 1.76 1.77 0.01 0.7% 1.95 2.01 0.06 3.1% 2.17 2.21 0.04 2.1% 2.30 2.33 0.03 1.2% 2.30 2.34 0.03 1.4% 2.33 2.32 -0.01 -0.3% 2.31 2.28 -0.03 -1.1% 2.29 2.21 -0.08 -3.6% 2.30 2.21 -0.09 -3.7% Other Exporters Baseline Agenda 2000 Scenario Change % Change 2.10 2.10 0.00 0.0% 1.96 1.96 0.00 0.2% 1.94 1.95 0.01 0.3% 1.99 2.01 0.02 0.9% 2.06 2.06 0.01 0.4% 2.11 2.12 0.01 0.5% 2.17 2.18 0.01 0.4% 2.23 2.24 0.01 0.3% 2.31 2.29 -0.01 -0.5% 2.38 2.36 -0.02 -0.7% 2.48 2.44 -0.04 -1.7% Net Importers Japan Baseline Agenda 2000 Scenario Change % Change 15.50 15.50 0.00 0.0% 15.39 15.40 0.01 0.1% 15.26 15.26 0.00 0.0% 15.14 15.12 -0.02 -0.1% 14.96 14.95 0.00 0.0% 14.83 14.83 0.00 0.0% 14.53 14.53 0.00 0.0% 14.33 14.34 0.01 0.1% 14.20 14.21 0.01 0.1% 14.10 14.10 0.00 0.0% 13.97 13.97 0.00 0.0% China Baseline Agenda 2000 Scenario Change % Change -3.50 -3.50 0.00 0.0% -3.75 -3.76 -0.01 0.4% -3.42 -3.45 -0.03 0.9% -2.10 -2.10 0.00 0.0% -0.91 -0.15 -0.79 0.02 0.13 0.17 -14.0% -111.1% 0.91 1.10 0.20 21.8% 1.98 2.27 0.29 14.8% 3.11 3.27 0.17 5.4% 4.01 4.12 0.11 2.8% 5.29 4.82 -0.48 -9.0% South Korea Baseline Agenda 2000 Scenario Change % Change 6.50 6.50 0.00 0.0% 6.91 6.91 0.00 0.0% 6.86 6.86 0.00 -0.1% 6.94 6.93 -0.01 -0.2% 7.09 7.08 -0.01 -0.1% 7.23 7.22 -0.02 -0.2% 7.30 7.28 -0.02 -0.2% 7.39 7.38 -0.02 -0.2% 7.52 7.53 0.00 0.1% 7.64 7.64 0.01 0.1% 7.70 7.73 0.03 0.4% Rest of World Baseline Agenda 2000 Scenario Change % Change 36.55 36.55 0.00 0.0% 36.47 36.52 0.05 0.1% 37.80 37.99 0.19 0.5% 38.95 39.43 0.49 1.3% 39.80 40.11 0.31 0.8% 40.60 41.02 0.42 1.0% 41.49 42.08 0.58 1.4% 42.94 43.14 0.20 0.5% 44.24 44.27 0.03 0.1% 45.64 45.73 0.09 0.2% 47.38 47.22 -0.17 -0.4% Trade Selected Countries I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on World Barley Trade 3 of 3 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 Net Exporters Australia Baseline Agenda 2000 Scenario Change % Change 2.55 2.55 0.00 0.0% 2.53 2.53 0.00 0.0% 2.43 2.43 0.00 0.0% (Million Metric Tons) 2.41 2.40 2.39 2.42 2.41 2.40 0.00 0.01 0.01 0.2% 0.2% 0.4% 2.37 2.39 0.01 0.6% 2.36 2.38 0.02 0.8% 2.35 2.37 0.02 0.9% 2.35 2.37 0.02 0.8% 2.37 2.38 0.01 0.5% Canada Baseline Agenda 2000 Scenario Change % Change 1.59 1.59 0.00 0.0% 1.18 1.18 0.00 0.0% 1.04 1.04 0.00 0.0% 1.00 1.00 0.00 0.0% 1.04 1.03 -0.01 -0.6% 1.11 1.10 -0.01 -1.3% 1.18 1.16 -0.02 -1.5% 1.27 1.25 -0.03 -2.1% 1.37 1.34 -0.03 -2.4% 1.47 1.44 -0.03 -2.2% 1.58 1.55 -0.03 -1.6% Other Exporters Baseline Agenda 2000 Scenario Change % Change 8.16 8.16 0.00 0.0% 9.30 9.25 -0.05 -0.5% 9.75 9.75 0.00 0.0% 10.16 10.24 0.08 0.8% 10.50 10.65 0.14 1.4% 10.70 10.85 0.16 1.5% 10.86 11.15 0.29 2.7% 10.81 11.41 0.60 5.5% 10.91 11.51 0.60 5.5% 11.09 11.84 0.74 6.7% 11.39 12.21 0.82 7.2% Net Importers Eastern Europe Baseline Agenda 2000 Scenario Change % Change -0.04 -0.04 0.00 0.0% -0.11 -0.11 0.00 -0.4% -0.09 -0.09 0.00 -0.7% -0.10 -0.10 0.00 3.4% -0.12 -0.13 -0.01 9.3% -0.15 -0.17 -0.01 7.0% -0.18 -0.20 -0.02 9.3% -0.21 -0.23 -0.02 8.0% -0.24 -0.26 -0.02 8.2% -0.28 -0.29 -0.01 2.6% -0.32 -0.32 -0.01 2.6% Japan Baseline Agenda 2000 Scenario Change % Change 1.40 1.40 0.00 0.0% 1.36 1.36 0.00 0.0% 1.33 1.33 0.00 -0.1% 1.32 1.32 0.00 0.0% 1.31 1.31 0.00 0.2% 1.31 1.31 0.00 0.0% 1.26 1.26 0.00 -0.2% 1.24 1.24 0.00 -0.4% 1.23 1.22 0.00 -0.3% 1.22 1.22 0.00 -0.2% 1.19 1.19 0.00 -0.1% China Baseline Agenda 2000 Scenario Change % Change 2.00 2.00 0.00 0.0% 2.24 2.24 0.00 0.0% 2.28 2.28 0.00 0.0% 2.39 2.39 0.00 -0.1% 2.47 2.47 0.00 -0.1% 2.56 2.56 0.00 0.0% 2.68 2.68 0.01 0.2% 2.81 2.82 0.01 0.4% 2.96 2.97 0.01 0.5% 3.12 3.14 0.02 0.6% 3.29 3.31 0.02 0.5% Rest of World Baseline Agenda 2000 Scenario Change % Change 8.94 8.94 0.00 0.0% 9.52 9.48 -0.05 -0.5% 9.71 9.71 0.00 0.0% 9.96 10.04 0.09 0.9% 10.28 10.43 0.16 1.5% 10.48 10.64 0.16 1.5% 10.65 10.96 0.30 2.8% 10.61 11.21 0.60 5.7% 10.69 11.29 0.60 5.6% 10.86 11.58 0.72 6.7% 11.17 11.96 0.79 7.1% Trade Selected Countries I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on EU Wheat 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 Area Harvested Baseline Agenda 2000 Scenario Change % Change 16.75 16.75 0.00 0.0% 16.54 16.54 0.00 0.00% 16.56 16.57 0.00 0.01% 16.61 16.65 0.04 0.23% (Million Hectares) 16.30 16.32 16.34 16.72 16.73 16.74 0.42 0.41 0.40 2.59% 2.54% 2.45% 15.82 16.76 0.93 5.90% 15.84 16.76 0.92 5.80% 15.95 16.77 0.82 5.15% 16.02 16.80 0.78 4.86% Yield Baseline Agenda 2000 Scenario Change % Change 6.12 6.12 0.00 0.0% 5.72 5.72 0.00 0.00% 5.81 5.79 -0.02 -0.43% 5.88 5.83 -0.05 -0.87% (Metric Tons per Hectare) 5.96 6.03 6.11 5.88 5.96 6.04 -0.08 -0.07 -0.07 -1.37% -1.19% -1.13% 6.19 6.12 -0.07 -1.15% 6.26 6.20 -0.07 -1.08% 6.35 6.28 -0.08 -1.22% 6.42 6.35 -0.08 -1.21% Production Baseline Agenda 2000 Scenario Change % Change 102.59 102.59 0.00 0.0% 94.71 94.71 0.00 0.00% 96.27 95.87 -0.40 -0.42% 97.71 97.08 -0.63 -0.64% (Million Metric Tons) 97.10 98.44 99.77 98.25 99.74 101.06 1.15 1.30 1.28 1.19% 1.32% 1.29% 97.93 102.52 4.59 4.69% 99.23 103.86 4.62 4.66% 101.33 105.25 3.92 3.87% 102.92 106.61 3.69 3.58% Beginning Stocks Baseline Agenda 2000 Scenario Change % Change 12.70 12.70 0.00 0.0% 17.45 17.45 0.00 0.00% 14.73 14.73 0.00 0.00% 14.76 14.34 -0.41 -2.80% 15.85 13.75 -2.10 -13.24% 16.14 13.35 -2.79 -17.29% 17.43 13.09 -4.34 -24.92% 19.58 12.82 -6.77 -34.56% 19.70 12.76 -6.94 -35.21% 19.17 12.70 -6.47 -33.77% 18.24 12.65 -5.59 -30.65% Domestic Supply Baseline Agenda 2000 Scenario Change % Change 115.29 115.29 0.00 0.0% 112.16 112.16 0.00 0.00% 111.00 110.60 -0.40 -0.36% 112.47 111.43 -1.04 -0.93% 112.95 112.00 -0.95 -0.84% 114.58 113.09 -1.49 -1.30% 117.21 114.14 -3.06 -2.61% 117.52 115.34 -2.18 -1.85% 118.93 116.62 -2.31 -1.95% 120.50 117.94 -2.56 -2.12% 121.16 119.26 -1.90 -1.57% Feed Use Baseline Agenda 2000 Scenario Change % Change 37.00 37.00 0.00 0.0% 37.04 37.10 0.05 0.14% 37.23 37.31 0.08 0.22% 37.58 37.87 0.29 0.76% 37.75 37.95 0.20 0.52% 38.06 38.26 0.20 0.53% 38.46 38.62 0.16 0.41% 38.60 38.74 0.14 0.35% 38.67 38.98 0.31 0.81% 38.89 39.23 0.34 0.88% 39.13 39.41 0.28 0.71% Food Use Baseline Agenda 2000 Scenario Change % Change 45.60 45.60 0.00 0.0% 45.67 45.67 0.00 0.00% 45.72 45.65 -0.07 -0.15% 45.75 45.64 -0.11 -0.24% 45.76 45.65 -0.11 -0.24% 45.80 45.69 -0.11 -0.23% 45.87 45.76 -0.10 -0.22% 45.92 45.82 -0.10 -0.22% 45.93 45.86 -0.07 -0.16% 45.97 45.91 -0.06 -0.12% 46.00 45.97 -0.04 -0.08% Domestic Use Baseline Agenda 2000 Scenario Change % Change 82.60 82.60 0.00 0.0% 82.71 82.76 0.05 0.06% 82.95 82.96 0.01 0.01% 83.33 83.50 0.17 0.21% 83.51 83.60 0.09 0.10% 83.86 83.95 0.09 0.11% 84.33 84.38 0.06 0.07% 84.52 84.56 0.03 0.04% 84.60 84.84 0.24 0.28% 84.86 85.14 0.28 0.34% 85.14 85.37 0.24 0.28% Ending Stocks Baseline Agenda 2000 Scenario Change % Change 17.45 17.45 0.00 0.0% 14.73 14.73 0.00 0.00% 14.76 14.34 -0.41 -2.80% 15.85 13.75 -2.10 -13.24% 16.14 13.35 -2.79 -17.29% 17.43 13.09 -4.34 -24.92% 19.58 12.82 -6.77 -34.56% 19.70 12.76 -6.94 -35.21% 19.17 12.70 -6.47 -33.77% 18.24 12.65 -5.59 -30.65% 15.40 12.40 -3.00 -19.48% Net Trade Baseline Agenda 2000 Scenario Change % Change 15.24 15.24 0.00 0.0% 14.72 14.67 -0.05 -0.35% 13.29 13.29 0.00 0.00% 13.29 14.18 0.88 6.65% 13.29 15.05 1.76 13.22% 13.29 16.05 2.76 20.75% 13.29 16.95 3.65 27.48% 13.29 18.02 4.72 35.53% 15.16 19.08 3.92 25.86% 17.40 20.15 2.75 15.80% 20.62 21.48 0.86 4.17% Wheat Domestic Price Baseline Agenda 2000 Scenario Change % Change 120.00 120.00 0.00 0.00% 121.40 121.40 0.00 0.00% 121.76 113.49 -8.27 -6.79% 121.81 107.79 -14.02 -11.51% (Euro per Ton) 123.01 123.09 123.18 109.82 110.91 112.77 -13.19 -12.18 -10.41 -10.73% -9.90% -8.45% 124.46 114.01 -10.45 -8.39% 124.56 115.51 -9.05 -7.27% 125.62 116.65 -8.96 -7.14% 126.82 118.98 -7.83 -6.18% 1 of 5 EU I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on EU Corn 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 Area Harvested Baseline Agenda 2000 Scenario Change % Change 4.13 4.13 0.00 0.0% 3.92 3.92 0.00 0.00% 3.93 3.93 0.00 0.00% 3.93 3.91 -0.02 -0.45% (Million Hectares) 3.85 3.85 3.86 3.91 3.89 3.88 0.06 0.04 0.02 1.43% 1.05% 0.61% 3.74 3.87 0.13 3.48% 3.74 3.85 0.11 3.03% 3.71 3.83 0.12 3.25% 3.68 3.80 0.12 3.21% Yield Baseline Agenda 2000 Scenario Change % Change 8.34 8.34 0.00 0.0% 8.65 8.65 0.00 0.00% 8.77 8.69 -0.07 -0.83% 8.89 8.75 -0.14 -1.60% (Metric Tons per Hectare) 9.01 9.13 9.25 8.84 8.93 9.02 -0.17 -0.20 -0.22 -1.88% -2.15% -2.41% 9.36 9.12 -0.24 -2.57% 9.47 9.21 -0.26 -2.72% 9.57 9.31 -0.26 -2.77% 9.70 9.40 -0.30 -3.11% Production Baseline Agenda 2000 Scenario Change % Change 34.40 34.40 0.00 0.0% 33.93 33.93 0.00 0.00% 34.44 34.16 -0.28 -0.82% 34.92 34.21 -0.71 -2.04% (Million Metric Tons) 34.70 35.18 35.66 34.53 34.78 35.01 -0.16 -0.40 -0.65 -0.47% -1.12% -1.82% 34.97 35.26 0.29 0.82% 35.39 35.47 0.08 0.23% 35.54 35.68 0.14 0.40% 35.75 35.75 0.00 0.00% Beginning Stocks Baseline Agenda 2000 Scenario Change % Change 4.56 4.56 0.00 0.0% 4.80 4.80 0.00 0.00% 4.35 4.35 0.00 0.00% 4.40 4.16 -0.24 -5.55% 4.45 3.86 -0.59 -13.29% 4.43 3.84 -0.59 -13.30% 4.63 3.83 -0.80 -17.34% 4.88 3.74 -1.14 -23.37% 4.81 3.73 -1.08 -22.42% 4.85 3.67 -1.18 -24.28% 4.86 3.64 -1.23 -25.25% Domestic Supply Baseline Agenda 2000 Scenario Change % Change 38.96 38.96 0.00 0.0% 38.73 38.73 0.00 0.00% 38.79 38.51 -0.28 -0.73% 39.32 38.37 -0.96 -2.43% 39.15 38.39 -0.75 -1.93% 39.61 38.62 -0.98 -2.49% 40.28 38.83 -1.45 -3.60% 39.85 39.00 -0.85 -2.14% 40.20 39.20 -1.00 -2.48% 40.39 39.35 -1.04 -2.57% 40.61 39.38 -1.23 -3.02% Feed Use Baseline Agenda 2000 Scenario Change % Change 28.00 28.00 0.00 0.0% 28.36 28.40 0.04 0.14% 28.35 28.47 0.12 0.42% 28.45 28.61 0.15 0.54% 28.42 28.62 0.21 0.73% 28.50 28.75 0.26 0.91% 28.65 28.96 0.31 1.09% 28.61 28.97 0.36 1.27% 28.83 29.09 0.26 0.88% 28.94 29.13 0.19 0.67% 29.06 29.19 0.14 0.47% Food and Other Baseline Agenda 2000 Scenario Change % Change 7.70 7.70 0.00 0.0% 7.63 7.63 0.00 0.00% 7.61 7.63 0.02 0.29% 7.59 7.61 0.02 0.21% 7.58 7.62 0.04 0.47% 7.58 7.62 0.04 0.59% 7.59 7.65 0.06 0.75% 7.58 7.65 0.07 0.91% 7.69 7.71 0.02 0.23% 7.77 7.77 0.00 -0.02% 7.86 7.84 -0.01 -0.15% Domestic Use Baseline Agenda 2000 Scenario Change % Change 35.70 35.70 0.00 0.0% 36.00 36.04 0.04 0.11% 35.96 36.10 0.14 0.39% 36.05 36.22 0.17 0.47% 36.00 36.24 0.24 0.67% 36.08 36.38 0.30 0.84% 36.24 36.61 0.37 1.02% 36.19 36.62 0.43 1.20% 36.52 36.80 0.27 0.75% 36.71 36.90 0.19 0.53% 36.91 37.04 0.13 0.34% Ending Stocks Baseline Agenda 2000 Scenario Change % Change 4.80 4.80 0.00 0.0% 4.35 4.35 0.00 0.00% 4.40 4.16 -0.24 -5.55% 4.45 3.86 -0.59 -13.29% 4.43 3.84 -0.59 -13.30% 4.63 3.83 -0.80 -17.34% 4.88 3.74 -1.14 -23.37% 4.81 3.73 -1.08 -22.42% 4.85 3.67 -1.18 -24.28% 4.86 3.64 -1.23 -25.25% 4.88 3.49 -1.39 -28.50% Net Trade Baseline Agenda 2000 Scenario Change % Change -1.54 -1.54 0.00 0.0% -1.62 -1.66 -0.04 2.47% -1.57 -1.75 -0.18 11.54% -1.18 -1.71 -0.53 45.47% -1.28 -1.69 -0.41 31.77% -1.10 -1.58 -0.49 44.19% -0.83 -1.51 -0.68 81.74% -1.15 -1.35 -0.21 18.01% -1.17 -1.27 -0.09 7.84% -1.18 -1.18 0.00 0.08% -1.19 -1.15 0.04 -3.27% Corn Domestic Price Baseline Agenda 2000 Scenario Change % Change 120.30 120.30 0.00 0.00% 121.89 121.89 0.00 0.00% 121.99 112.30 -9.69 -7.94% 122.18 106.95 -15.23 -12.47% (Euro per Ton) 122.85 122.91 122.99 107.86 108.38 109.45 -14.99 -14.53 -13.54 -12.21% -11.82% -11.01% 123.77 109.91 -13.86 -11.20% 123.86 110.47 -13.39 -10.81% 123.88 111.74 -12.14 -9.80% 124.02 113.50 -10.52 -8.48% 2 of 5 EU I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on EU Barley 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 Area Harvested Baseline Agenda 2000 Scenario Change % Change 11.36 11.36 0.00 0.0% 11.06 11.06 0.00 0.00% 11.06 11.10 0.03 0.32% 11.07 11.07 0.00 -0.01% (Million Hectares) 10.85 10.85 10.86 11.12 11.09 11.08 0.27 0.24 0.22 2.52% 2.19% 2.07% 10.53 11.05 0.52 4.97% 10.54 11.02 0.48 4.60% 10.50 10.99 0.49 4.63% 10.49 10.96 0.47 4.51% Yield Baseline Agenda 2000 Scenario Change % Change 4.64 4.64 0.00 0.0% 4.58 4.58 0.00 0.00% 4.63 4.63 0.00 -0.01% 4.68 4.68 0.00 -0.01% (Metric Tons per Hectare) 4.73 4.78 4.83 4.73 4.78 4.83 0.00 0.00 0.00 -0.01% -0.01% -0.01% 4.88 4.88 0.00 -0.01% 4.92 4.92 0.00 -0.01% 4.97 4.97 0.00 -0.01% 5.02 5.02 0.00 -0.01% Production Baseline Agenda 2000 Scenario Change % Change 52.73 52.73 0.00 0.0% 50.68 50.68 0.00 0.00% 51.26 51.42 0.16 0.31% 51.81 51.80 -0.01 -0.02% (Million Metric Tons) 51.32 51.86 52.41 52.60 52.99 53.49 1.29 1.13 1.08 2.51% 2.18% 2.06% 51.34 53.89 2.55 4.96% 51.89 54.26 2.38 4.58% 52.22 54.63 2.41 4.62% 52.69 55.06 2.37 4.50% Beginning Stocks Baseline Agenda 2000 Scenario Change % Change 13.32 13.32 0.00 0.0% 15.30 15.30 0.00 0.00% 14.58 14.58 0.00 0.00% 14.32 13.62 -0.70 -4.89% 14.35 12.46 -1.89 -13.16% 13.80 12.01 -1.79 -12.96% 13.58 11.80 -1.78 -13.14% 13.61 11.68 -1.93 -14.18% 12.57 11.64 -0.93 -7.36% 11.64 11.61 -0.03 -0.28% 10.81 11.58 0.77 7.13% Domestic Supply Baseline Agenda 2000 Scenario Change % Change 66.05 66.05 0.00 0.0% 65.98 65.98 0.00 0.00% 65.84 66.00 0.16 0.24% 66.13 65.42 -0.71 -1.08% 65.67 65.07 -0.60 -0.92% 65.67 65.00 -0.66 -1.01% 65.99 65.29 -0.71 -1.07% 64.96 65.57 0.62 0.95% 64.45 65.91 1.45 2.26% 63.86 66.24 2.38 3.73% 63.50 66.64 3.14 4.94% Feed Use Baseline Agenda 2000 Scenario Change % Change 31.60 31.60 0.00 0.0% 31.52 31.56 0.04 0.14% 31.51 32.30 0.79 2.50% 31.65 32.68 1.04 3.27% 31.63 32.64 1.00 3.17% 31.74 32.68 0.94 2.95% 31.93 32.87 0.94 2.94% 31.90 32.86 0.96 2.99% 32.06 32.96 0.90 2.79% 32.17 32.99 0.82 2.56% 32.28 33.09 0.81 2.50% Food and Other Baseline Agenda 2000 Scenario Change % Change 11.13 11.13 0.00 0.0% 11.30 11.30 0.00 0.00% 11.35 11.43 0.07 0.65% 11.41 11.51 0.10 0.92% 11.46 11.56 0.10 0.85% 11.52 11.61 0.09 0.75% 11.58 11.66 0.08 0.69% 11.64 11.72 0.08 0.66% 11.70 11.77 0.07 0.62% 11.75 11.82 0.07 0.56% 11.81 11.87 0.06 0.53% Domestic Use Baseline Agenda 2000 Scenario Change % Change 42.73 42.73 0.00 0.0% 42.82 42.86 0.04 0.10% 42.87 43.73 0.86 2.01% 43.06 44.20 1.14 2.65% 43.10 44.20 1.10 2.56% 43.27 44.29 1.02 2.37% 43.52 44.53 1.02 2.34% 43.54 44.58 1.03 2.37% 43.76 44.73 0.97 2.21% 43.92 44.81 0.89 2.03% 44.09 44.96 0.87 1.98% Ending Stocks Baseline Agenda 2000 Scenario Change % Change 15.30 15.30 0.00 0.0% 14.58 14.58 0.00 0.00% 14.32 13.62 -0.70 -4.89% 14.35 12.46 -1.89 -13.16% 13.80 12.01 -1.79 -12.96% 13.58 11.80 -1.78 -13.14% 13.61 11.68 -1.93 -14.18% 12.57 11.64 -0.93 -7.36% 11.64 11.61 -0.03 -0.28% 10.81 11.58 0.77 7.13% 10.05 11.56 1.51 15.01% Net Trade Baseline Agenda 2000 Scenario Change % Change 8.02 8.02 0.00 0.0% 8.59 8.54 -0.04 -0.51% 8.65 8.64 0.00 -0.03% 8.72 8.76 0.04 0.44% 8.77 8.86 0.08 0.97% 8.82 8.92 0.10 1.13% 8.87 9.07 0.21 2.32% 8.85 9.35 0.51 5.76% 9.05 9.57 0.52 5.72% 9.12 9.84 0.72 7.88% 9.36 10.12 0.76 8.12% Barley Domestic Price Baseline Agenda 2000 Scenario Change % Change 114.00 114.00 0.00 0.00% 118.04 118.00 -0.04 -0.03% 118.30 110.69 -7.61 -6.43% 118.32 106.86 -11.46 -9.68% (Euro per Ton) 118.94 119.03 119.13 107.53 108.58 109.21 -11.41 -10.45 -9.92 -9.59% -8.78% -8.32% 119.91 109.45 -10.46 -8.73% 120.02 109.72 -10.30 -8.58% 120.06 110.41 -9.65 -8.04% 120.16 110.63 -9.53 -7.93% 3 of 5 EU I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on EU Soybean 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 Area Harvested Baseline Agenda 2000 Scenario Change % Change 533 533 0.00 0.00% 517 517 0.00 0.00% 516 516 0.33 0.06% 517 517 0.64 0.12% (Thousand Hectares) 518 520 524 519 519 522 0.29 -0.86 -1.56 0.06% -0.16% -0.30% 528 525 -2.45 -0.46% 534 530 -3.96 -0.74% 539 535 -3.65 -0.68% 548 544 -4.26 -0.78% Yield Baseline Agenda 2000 Scenario Change % Change 3.26 3.26 0.00 0.00% 3.40 3.40 0.00 0.00% 3.41 3.41 0.00 0.01% 3.42 3.42 0.00 0.01% (Metric Tons per Hectare) 3.43 3.44 3.45 3.43 3.44 3.45 0.00 0.00 0.00 0.00% -0.02% -0.02% 3.46 3.46 0.00 -0.02% 3.47 3.47 0.00 -0.03% 3.47 3.47 0.00 0.00% 3.48 3.48 0.00 -0.01% Production Baseline Agenda 2000 Scenario Change % Change 1,738 1,738 0.00 0.00% 1,760 1,759 -0.18 -0.01% 1,760 1,761 1.21 0.07% 1,769 1,772 2.32 0.13% (Thousand Metric Tons) 1,779 1,788 1,808 1,780 1,785 1,802 0.95 -3.27 -5.66 0.05% -0.18% -0.31% 1,825 1,816 -8.80 -0.48% 1,851 1,837 -14.22 -0.77% 1,873 1,860 -12.74 -0.68% 1,908 1,893 -14.98 -0.78% Beginning Stocks Baseline Agenda 2000 Scenario Change % Change 820 820 0.00 0.00% 884 884 0.00 0.00% 940 940 0.21 0.02% 924 923 -1.39 -0.15% 905 903 -2.05 -0.23% 893 893 0.00 0.00% 887 892 4.14 0.47% 873 878 4.95 0.57% 866 872 6.25 0.72% 853 862 9.13 1.07% 848 853 5.02 0.59% Domestic Supply Baseline Agenda 2000 Scenario Change % Change 2,558 2,558 0.00 0.00% 2,644 2,643 -0.18 -0.01% 2,700 2,701 1.42 0.05% 2,693 2,694 0.93 0.03% 2,685 2,684 -1.10 -0.04% 2,682 2,678 -3.27 -0.12% 2,695 2,694 -1.53 -0.06% 2,698 2,695 -3.85 -0.14% 2,717 2,709 -7.97 -0.29% 2,726 2,722 -3.62 -0.13% 2,756 2,746 -9.96 -0.36% Crush Baseline Agenda 2000 Scenario Change % Change 15,700 15,700 0.00 0.00% 16,291 16,293 1.09 0.01% 16,469 16,471 1.62 0.01% 16,514 16,515 1.31 0.01% 16,615 16,612 -2.83 -0.02% 16,713 16,725 11.61 0.07% 16,813 16,825 11.93 0.07% 16,966 16,982 16.12 0.10% 17,102 17,137 35.54 0.21% 17,287 17,310 23.55 0.14% 17,476 17,494 18.57 0.11% Other Use Baseline Agenda 2000 Scenario Change % Change 1,252 1,252 0.00 0.00% 1,291 1,291 0.00 0.00% 1,288 1,288 -0.22 -0.02% 1,285 1,284 -0.35 -0.03% 1,282 1,282 0.00 0.00% 1,280 1,280 0.77 0.06% 1,276 1,277 0.96 0.08% 1,274 1,275 1.26 0.10% 1,271 1,272 1.91 0.15% 1,269 1,270 1.09 0.09% 1,265 1,266 1.25 0.10% Ending Stocks Baseline Agenda 2000 Scenario Change % Change 884 884 0.00 0.00% 940 940 0.00 0.00% 924 923 -1.39 -0.15% 905 903 -2.05 -0.23% 893 893 0.00 0.00% 887 892 4.14 0.47% 873 878 4.95 0.57% 866 872 6.25 0.72% 853 862 9.13 1.07% 848 853 5.02 0.59% 832 837 5.50 0.66% Domestic Use Baseline Agenda 2000 Scenario Change % Change 18,058 17,836 -222.13 -1.23% 18,130 18,524 393.23 2.17% 18,305 18,682 376.75 2.06% 18,363 18,703 340.20 1.85% 18,438 18,787 348.85 1.89% 18,503 18,897 394.24 2.13% 18,556 18,980 423.89 2.28% 18,630 19,129 499.09 2.68% 18,647 19,272 624.68 3.35% 18,647 19,433 786.20 4.22% 18,647 19,598 950.70 5.10% Net Trade Baseline Agenda 2000 Scenario Change % Change 15,278 15,278 0.00 0.00% 15,879 15,880 1.51 0.01% 15,982 15,980 -1.41 -0.01% 16,011 16,009 -2.02 -0.01% 16,105 16,103 -1.74 -0.01% 16,199 16,219 19.79 0.12% 16,267 16,287 19.36 0.12% 16,407 16,435 27.48 0.17% 16,508 16,562 54.54 0.33% 16,678 16,711 33.28 0.20% 16,816 16,851 35.28 0.21% 4 of 5 EU I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on EU Rapeseed 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 06/07 07/08 08/09 Area Harvested Baseline Agenda 2000 Scenario Change % Change 3,113 3,113 0.00 0.00% 3,229 3,204 -25.01 -0.77% 3,134 3,082 -51.57 -1.65% 3,113 3,050 -62.57 -2.01% (Thousand Hectares) 3,151 3,047 2,993 3,012 2,962 2,923 -138.47 -85.33 -69.94 -4.39% -2.80% -2.34% 3,025 2,880 -144.16 -4.77% 2,997 2,866 -130.99 -4.37% 2,967 2,855 -111.96 -3.77% 2,982 2,877 -104.91 -3.52% Yield Baseline Agenda 2000 Scenario Change % Change 3.05 3.05 0.00 0.00% 3.06 3.06 0.00 -0.01% 3.08 3.08 0.01 0.19% 3.10 3.12 0.01 0.38% (Metric Tons per Hectare) 3.12 3.14 3.16 3.14 3.15 3.18 0.01 0.02 0.02 0.48% 0.49% 0.59% 3.17 3.20 0.02 0.70% 3.19 3.22 0.02 0.73% 3.21 3.24 0.03 1.02% 3.23 3.27 0.04 1.16% Production Baseline Agenda 2000 Scenario Change % Change 9,492 9,492 0.00 0.00% 9,877 9,800 -77.09 -0.78% 9,648 9,506 -141.07 -1.46% 9,662 9,503 -158.30 -1.64% (Thousand Metric Tons) 9,843 9,559 9,453 9,456 9,337 9,287 -387.61 -222.03 -165.96 -3.94% -2.32% -1.76% 9,598 9,204 -393.65 -4.10% 9,573 9,222 -351.43 -3.67% 9,516 9,250 -266.06 -2.80% 9,640 9,408 -231.28 -2.40% Beginning Stocks Baseline Agenda 2000 Scenario Change % Change 114 114 0.00 0.00% 112 112 0.00 0.00% 132 132 0.05 0.04% 130 129 -1.44 -1.11% 120 117 -2.64 -2.20% 112 109 -3.15 -2.82% 105 102 -3.17 -3.02% 96 92 -3.88 -4.05% 88 84 -4.54 -5.14% 79 75 -4.63 -5.84% 72 66 -6.68 -9.23% Domestic Supply Baseline Agenda 2000 Scenario Change % Change 9,606 9,606 0.00 0.00% 9,989 9,912 -77.09 -0.77% 9,780 9,639 -141.02 -1.44% 9,792 9,632 -159.74 -1.63% 9,963 9,573 -390.25 -3.92% 9,670 9,445 -225.18 -2.33% 9,558 9,388 -169.13 -1.77% 9,693 9,296 -397.53 -4.10% 9,661 9,305 -355.96 -3.68% 9,595 9,325 -270.68 -2.82% 9,712 9,474 -237.96 -2.45% Crush Baseline Agenda 2000 Scenario Change % Change 8,646 8,646 0.00 0.00% 8,991 8,926 -64.98 -0.72% 8,847 8,723 -124.45 -1.41% 8,887 8,744 -143.31 -1.61% 8,995 8,658 -337.32 -3.75% 8,869 8,669 -199.67 -2.25% 8,828 8,674 -153.96 -1.74% 9,001 8,653 -347.47 -3.86% 9,039 8,725 -314.61 -3.48% 9,062 8,815 -247.25 -2.73% 9,234 9,015 -219.46 -2.38% Other Use Baseline Agenda 2000 Scenario Change % Change 736 736 0.00 0.00% 788 788 0.00 0.00% 801 801 -0.04 -0.01% 816 816 -0.09 -0.01% 834 834 -0.13 -0.02% 854 854 -0.15 -0.02% 877 877 -0.22 -0.02% 904 904 -0.30 -0.03% 934 934 -0.36 -0.04% 968 968 -0.60 -0.06% 1,007 1,006 -0.77 -0.08% Ending Stocks Baseline Agenda 2000 Scenario Change % Change 112 112 0.00 0.00% 132 132 0.05 0.04% 130 129 -1.44 -1.11% 120 117 -2.64 -2.20% 112 109 -3.15 -2.82% 105 102 -3.17 -3.02% 96 92 -3.88 -4.05% 88 84 -4.54 -5.14% 79 75 -4.63 -5.84% 72 66 -6.68 -9.23% 62 55 -7.24 -11.63% Domestic Use Baseline Agenda 2000 Scenario Change % Change 9,494 9,494 0.00 0.00% 9,911 9,846 -64.93 -0.66% 9,778 9,652 -125.93 -1.29% 9,824 9,678 -146.05 -1.49% 9,941 9,600 -340.59 -3.43% 9,828 9,625 -202.99 -2.07% 9,801 9,643 -158.06 -1.61% 9,993 9,641 -352.30 -3.53% 10,052 9,733 -319.60 -3.18% 10,103 9,848 -254.53 -2.52% 10,303 10,076 -227.48 -2.21% Net Trade Baseline Agenda 2000 Scenario Change % Change 112 112 0.00 0.00% 77 65 -12.17 -15.74% 1 -14 -15.09 -1068% -32 -46 -13.70 42.33% 23 -27 -49.65 -220% -158 -180 -22.19 14.07% -243 -254 -11.07 4.55% -300 -345 -45.22 15.08% -391 -427 -36.37 9.30% -507 -524 -16.15 3.18% -591 -602 -10.48 1.77% 5 of 5 EU I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on World Beef Trade 1999 2000 2001 2002 2003 Net Exporters Argentina Baseline Scenario Change % Change 310 310 0 0.00% 353 355 2 0.51% 392 395 2 0.61% Australia Baseline Scenario Change % Change 1,188 1,188 0 0.00% 1,172 1,178 5 0.44% 1,156 1,161 5 0.45% 1,148 1,147 -1 -0.06% 1,137 1,137 -1 -0.06% Canada Baseline Scenario Change % Change 126 126 0 0.00% 123 129 7 5.29% 147 152 5 3.59% 178 174 -4 -2.16% New Zealand Baseline Scenario Change % Change 508 507 0 0.00% 507 508 1 0.22% 508 509 0 0.09% United States Baseline Scenario Change % Change -249 -249 0 0.00% -194 -110 84 -43.46% Net Importers Former Soviet Union Baseline Scenario Change % Change 418 418 0 0.00% 416 413 -4 -0.91% 470 466 -4 -0.82% Japan Baseline Scenario Change % Change 928 928 0 0.00% 904 893 -12 -1.30% Mexico Baseline Scenario Change % Change 235 235 0 0.00% Rest of World Baseline Scenario Change % Change 784 784 0 0.00% 1 of 3 2004 2005 (Thousand Metric Tons) 428 452 461 430 453 465 2 1 4 0.41% 0.17% 0.91% 2006 2007 2008 447 452 5 1.13% 439 443 4 0.95% 435 434 -1 -0.18% 440 432 -8 -1.79% 1,133 1,135 2 0.13% 1,135 1,138 3 0.28% 1,139 1,141 2 0.22% 1,145 1,144 -1 -0.11% 1,149 1,144 -5 -0.40% 204 201 -3 -1.33% 215 216 1 0.36% 222 225 3 1.55% 231 235 4 1.70% 247 247 0 0.01% 254 249 -5 -1.92% 514 513 -1 -0.20% 521 520 -1 -0.12% 530 529 0 -0.07% 539 538 0 -0.04% 548 548 0 -0.06% 559 558 -1 -0.19% 569 568 -1 -0.23% -124 -37 -45 -75 79 -38 -63.40% 100.87% 103 66 -37 -35.70% 245 250 5 1.92% 426 459 33 7.78% 578 622 43 7.47% 600 605 6 0.94% 543 501 -42 -7.74% 522 524 2 0.35% 580 583 3 0.52% 627 629 2 0.33% 668 668 0 0.00% 710 709 -1 -0.17% 740 741 1 0.14% 758 761 3 0.45% 901 890 -12 -1.28% 907 911 4 0.40% 954 962 8 0.84% 1,019 1,026 8 0.75% 1,088 1,092 4 0.37% 1,149 1,148 -1 -0.08% 1,172 1,175 2 0.18% 1,188 1,198 9 0.79% 262 257 -5 -1.91% 276 272 -4 -1.55% 287 291 3 1.20% 300 304 4 1.32% 308 310 1 0.43% 314 313 -1 -0.47% 320 317 -3 -0.92% 319 319 0 -0.02% 325 329 4 1.27% 758 738 -20 -2.60% 735 713 -21 -2.91% 721 727 6 0.82% 707 722 14 2.03% 699 712 13 1.85% 704 710 7 0.97% 722 723 0 0.05% 718 722 4 0.59% 673 687 14 2.07% Livestock I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on EU Beef 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 Ending Beef Cow Inventory Baseline Scenario Change % Change 11,887 11,887 0 0.00% 11,813 11,813 0 0.00% 11,787 11,764 -23 -0.19% 11,732 11,689 -44 -0.37% (Thousand Head) 11,678 11,622 11,634 11,598 -44 -24 -0.38% -0.21% 11,564 11,543 -21 -0.18% 11,505 11,446 -59 -0.51% 11,441 11,332 -109 -0.95% 11,373 11,231 -142 -1.25% Ending Cow Inventory Baseline Scenario Change % Change 32,956 32,956 0 0.00% 32,609 32,684 75 0.23% 32,316 32,420 104 0.32% 32,000 32,089 88 0.28% 31,689 31,773 84 0.26% 31,383 31,484 100 0.32% 31,082 31,256 174 0.56% 30,790 30,979 189 0.62% 30,491 30,688 197 0.65% 30,199 30,342 143 0.48% Total Slaughter Baseline Scenario Change % Change 27,385 27,385 0 0.00% 27,739 27,658 -81 -0.29% 27,508 27,440 -68 -0.25% 28,149 28,080 -69 -0.24% 27,914 27,832 -82 -0.30% 27,680 27,625 -55 -0.20% 27,438 27,425 -13 -0.05% 27,208 27,212 3 0.01% 26,977 27,036 60 0.22% 26,751 26,828 77 0.29% Average Slaughter Weight Baseline Scenario Change % Change 273 273 0.0 0.00% 271 271 -0.7 -0.27% 273 272 -0.7 -0.27% (Kilograms per Head Carcass Weight) 276 278 279 281 276 277 278 279 -0.5 -0.7 -1.0 -1.2 -0.17% -0.24% -0.34% -0.44% 282 281 -1.4 -0.49% 283 282 -1.1 -0.39% 285 284 -0.6 -0.22% Beef Production Baseline Scenario Change % Change 7,470 7,470 0 0.00% 7,528 7,486 -42 -0.56% 7,514 7,475 -39 -0.52% (Thousand Metric Tons) 7,777 7,754 7,730 7,745 7,712 7,688 -32 -42 -42 -0.42% -0.54% -0.54% 7,701 7,663 -37 -0.49% 7,674 7,637 -37 -0.48% 7,646 7,633 -13 -0.17% 7,619 7,625 5 0.07% Beef Consumption Baseline Scenario Change % Change 7,273 7,273 0 0.00% 7,244 7,357 114 1.57% 7,215 7,334 119 1.65% 7,181 7,281 100 1.39% 7,146 7,288 142 1.99% 7,118 7,299 181 2.54% 7,100 7,322 223 3.14% 7,080 7,326 246 3.48% 7,062 7,271 208 2.95% 7,046 7,190 145 2.06% Beef Net Exports Baseline Scenario Change % Change 446 446 0 0.00% 426 273 -153 -35.91% 427 279 -148 -34.68% 429 488 59 13.74% 428 504 76 17.79% 427 446 19 4.34% 426 392 -34 -7.91% 425 365 -60 -14.15% 426 432 6 1.35% 428 526 98 22.79% Beef Ending Stocks Baseline Scenario Change % Change 323 323 0 0.00% 243 241 -2 -0.94% 177 167 -11 -6.09% 409 208 -201 -49.18% 653 193 -460 -70.43% 903 202 -700 -77.61% 1,142 217 -925 -81.04% 1,375 229 -1146 -83.38% 1,597 225 -1372 -85.92% 1,809 200 -1609 -88.93% Beef Producer Price † Baseline Scenario Change % Change 236 236 0.00 0.00% 235 220 -15.17 -6.44% 236 218 -17.48 -7.42% (Euro per 100 Kilograms Carcass Weight) 235 235 235 234 219 214 210 204 -16.10 -21.29 -25.82 -30.25 -6.85% -9.05% -10.97% -12.91% 233 201 -32.71 -14.02% 233 204 -28.25 -12.14% 232 212 -20.51 -8.83% † Producer prices are projections of the MLC reference price. 2 of 3 Livestock I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on EU Livestock and Poultry 1999 2000 2001 2002 Pork Production Baseline Scenario Change % Change 17,138 17,138 0 0.00% 17,185 17,183 -3 -0.01% 17,246 17,289 43 0.25% Pork Consumption Baseline Scenario Change % Change 16,058 16,059 0 0.00% 16,105 16,096 -8 -0.05% Broiler Production Baseline Scenario Change % Change 6,458 6,458 0 0.00% Broiler Consumption Baseline Scenario Change % Change 2003 2004 2005 2006 2007 2008 (Thousand Metric Tons) 17,330 17,410 17,531 17,401 17,480 17,600 72 70 70 0.41% 0.40% 0.40% 17,632 17,692 61 0.34% 17,710 17,765 55 0.31% 17,786 17,841 55 0.31% 17,881 17,937 56 0.31% 16,165 16,198 33 0.20% 16,262 16,325 63 0.39% 16,394 16,455 61 0.37% 16,485 16,542 58 0.35% 16,571 16,619 48 0.29% 16,671 16,712 41 0.25% 16,774 16,819 45 0.27% 16,859 16,908 49 0.29% 6,556 6,553 -4 -0.06% 6,636 6,674 38 0.58% 6,700 6,767 67 1.00% 6,763 6,821 58 0.85% 6,834 6,879 45 0.66% 6,902 6,934 32 0.47% 6,966 6,994 27 0.39% 7,034 7,067 34 0.48% 7,109 7,149 40 0.56% 5,927 5,927 0 0.00% 6,056 6,047 -10 -0.16% 6,145 6,168 23 0.38% 6,220 6,270 49 0.79% 6,292 6,333 41 0.65% 6,373 6,403 29 0.46% 6,452 6,468 17 0.26% 6,527 6,540 13 0.19% 6,603 6,624 21 0.31% 6,683 6,712 29 0.43% Sheepmeat Production Baseline Scenario Change % Change 1,104 1,104 0 0.00% 1,091 1,090 -1 -0.13% 1,083 1,079 -5 -0.43% 1,075 1,068 -7 -0.66% 1,065 1,057 -9 -0.82% 1,054 1,043 -10 -0.98% 1,040 1,029 -12 -1.13% 1,026 1,013 -13 -1.26% 1,010 997 -13 -1.30% 994 982 -12 -1.20% Sheepmeat Consumption Baseline Scenario Change % Change 1,311 1,310 0 0.00% 1,307 1,304 -3 -0.22% 1,308 1,301 -6 -0.49% 1,313 1,304 -9 -0.67% 1,320 1,309 -11 -0.83% 1,327 1,314 -13 -0.97% 1,336 1,321 -15 -1.10% 1,344 1,328 -16 -1.19% 1,351 1,335 -16 -1.17% 1,362 1,348 -14 -1.02% Pork Producer Price † Baseline Scenario Change % Change 118 118 0.00 0.00% 123 121 -1.43 -1.17% 127 123 -3.84 -3.02% (Euro per 100 Kilograms) 130 131 134 137 125 125 128 131 -5.19 -5.68 -6.13 -6.29 -4.00% -4.34% -4.57% -4.59% 139 133 -6.40 -4.60% 141 135 -6.03 -4.26% 145 139 -5.23 -3.62% Poultry Producer Price † Baseline Scenario Change % Change 115 115 0.00 0.00% 115 114 -1.38 -1.20% 118 114 -4.07 -3.45% 121 115 -5.71 -4.73% 124 118 -5.94 -4.80% 126 120 -5.91 -4.68% 129 123 -5.82 -4.51% 132 126 -6.00 -4.54% 135 129 -5.88 -4.36% 138 133 -5.27 -3.82% Sheep Producer Price † Baseline Scenario Change % Change 320 320 0.00 0.00% 328 324 -4.31 -1.31% 335 329 -5.22 -1.56% 336 332 -4.53 -1.35% 337 331 -5.08 -1.51% 339 333 -5.50 -1.62% 338 332 -5.84 -1.73% 338 332 -5.90 -1.75% 339 335 -4.17 -1.23% 338 336 -1.95 -0.58% † Producer prices are projections of the MLC reference price. 3 of 3 Livestock I:\BHEMPE\FAPRI\0699 Briefing Paper Ag2000.xls Impacts of Agenda 2000 on EU Milk 1999 1 of 6 2000 2001 2002 2003 2004 2005 2006 2007 2008 Milk Production Baseline Agenda 2000 Change % Change 120,530 120,530 0 0.00% 120,449 121,093 644 0.53% 120,405 121,514 1,109 0.92% 120,376 121,471 1,095 0.91% (Thousand MT) 120,360 120,350 121,405 121,361 1,044 1,011 0.87% 0.84% 120,337 121,723 1,386 1.15% 120,309 122,014 1,706 1.42% 120,282 122,300 2,018 1.68% 120,259 122,177 1,918 1.59% Prod. per Cow Baseline Agenda 2000 Change % Change 5,721 5,721 0.00 0.00% 5,792 5,802 9.97 0.17% 5,865 5,883 17.71 0.30% 5,939 5,954 15.19 0.26% (Kilograms) 6,015 6,090 6,028 6,103 13.69 12.76 0.23% 0.21% 6,165 6,175 9.33 0.15% 6,238 6,247 8.12 0.13% 6,314 6,318 4.38 0.07% 6,388 6,393 4.83 0.08% Milk Cows Baseline Agenda 2000 Change % Change 21,069 21,069 0.00 0.00% 20,796 20,871 75.22 0.36% 20,529 20,656 126.74 0.62% 20,268 20,400 132.12 0.65% (Thousands) 20,011 19,762 20,139 19,886 127.76 124.40 0.64% 0.63% 19,518 19,713 194.89 1.00% 19,285 19,533 247.96 1.29% 19,050 19,356 306.19 1.61% 18,825 19,111 285.74 1.52% Fluid Milk Cons. Baseline Agenda 2000 Change % Change 32,441 32,441 0.00 0.00% 32,367 32,416 48.92 0.15% 32,271 32,377 105.63 0.33% 32,150 32,284 134.06 0.42% (Thousand MT) 32,026 31,895 32,174 32,040 148.87 145.17 0.46% 0.46% 31,763 32,046 282.87 0.89% 31,626 32,021 395.57 1.25% 31,485 32,015 530.25 1.68% 31,347 31,850 502.77 1.60% EU Milk Price Baseline Agenda 2000 Change % Change 29 29 0.00 0.00% 29 29 -0.24 -0.82% 29 29 -0.52 -1.79% 30 29 -0.67 -2.29% (Euro/100 kg) 30 30 29 29 -0.76 -0.76 -2.56% -2.52% 30 29 -1.51 -4.96% 31 29 -2.15 -7.00% 31 28 -2.94 -9.48% 31 29 -2.85 -9.08% Dairy Impacts of Agenda 2000 on EU Butter and Cheese 1999 2 of 6 2000 2001 2002 Butter Production Baseline Agenda 2000 Change % Change 1,750 1,750 0.00 0.00% 1,758 1,775 16.93 0.96% 1,757 1,784 26.46 1.51% 1,756 1,779 22.80 1.30% Butter Consumption Baseline Agenda 2000 Change % Change 1,649 1,649 0.00 0.00% 1,641 1,641 -0.04 0.00% 1,639 1,639 -0.29 -0.02% Butter Stocks Baseline Agenda 2000 Change % Change 228 228 0.00 0.00% 231 240 9.22 3.99% Butter Exports Baseline Agenda 2000 Change % Change 160 160 0.00 0.00% EU Butter Price Baseline Agenda 2000 Change % Change 2003 2004 2005 2006 2007 2008 (Thousand MT) 1,755 1,754 1,774 1,773 19.29 19.01 1.10% 1.08% 1,752 1,764 11.94 0.68% 1,750 1,758 7.99 0.46% 1,748 1,746 -1.46 -0.08% 1,745 1,747 1.76 0.10% 1,638 1,637 -1.11 -0.07% 1,635 1,633 -2.26 -0.14% 1,633 1,631 -2.11 -0.13% 1,629 1,647 18.05 1.11% 1,626 1,656 30.14 1.85% 1,622 1,667 44.95 2.77% 1,618 1,658 39.88 2.46% 228 248 19.78 8.67% 221 245 23.90 10.80% 213 238 24.74 11.62% 204 229 24.87 12.20% 195 201 6.61 3.40% 186 171 -14.48 -7.80% 177 135 -41.74 -23.57% 169 118 -51.30 -30.37% 194 201 7.75 4.00% 200 216 16.19 8.10% 204 224 19.79 9.70% 207 228 20.72 10.02% 209 230 20.99 10.05% 211 223 12.14 5.75% 212 211 -1.06 -0.50% 213 194 -19.15 -8.98% 214 186 -28.56 -13.34% 353 353 0.00 0.00% 356 354 -1.73 -0.49% 357 353 -3.73 -1.05% 358 353 -4.53 -1.26% (Euro/100 kg) 360 362 355 357 -4.71 -4.73 -1.31% -1.31% 364 345 -18.54 -5.10% 366 337 -28.29 -7.74% 367 327 -40.22 -10.95% 369 331 -37.65 -10.20% Cheese Production Baseline Agenda 2000 Change % Change 6,010 6,010 0.00 0.00% 6,050 6,076 26.54 0.44% 6,103 6,153 50.60 0.83% 6,153 6,210 57.06 0.93% (Thousand MT) 6,206 6,259 6,266 6,317 60.56 57.71 0.98% 0.92% 6,313 6,424 110.81 1.76% 6,367 6,516 148.45 2.33% 6,423 6,619 196.50 3.06% 6,478 6,654 175.34 2.71% Cheese Consumption Baseline Agenda 2000 Change % Change 5,681 5,681 0.00 0.00% 5,745 5,763 18.31 0.32% 5,800 5,838 38.45 0.66% 5,850 5,897 47.56 0.81% 5,901 5,953 52.17 0.88% 5,951 6,003 51.03 0.86% 6,004 6,091 87.08 1.45% 6,056 6,176 120.24 1.99% 6,109 6,268 159.58 2.61% 6,163 6,317 154.50 2.51% Cheese Stocks Baseline Agenda 2000 Change % Change 1,332 1,332 0.00 0.00% 1,334 1,339 5.76 0.43% 1,333 1,345 12.10 0.91% 1,331 1,346 14.91 1.12% 1,329 1,346 16.30 1.23% 1,328 1,343 15.92 1.20% 1,326 1,353 27.14 2.05% 1,324 1,361 37.45 2.83% 1,322 1,372 49.69 3.76% 1,320 1,368 47.99 3.64% Cheese Exports Baseline Agenda 2000 Change % Change 427 427 0.00 0.00% 419 421 2.47 0.59% 419 424 5.80 1.39% 420 427 6.69 1.59% 422 429 7.00 1.66% 425 432 7.06 1.66% 426 439 12.51 2.93% 428 446 17.90 4.18% 431 456 24.68 5.73% 433 455 22.55 5.21% EU Cheese Price Baseline Agenda 2000 Change % Change 469 469 0.00 0.00% 470 466 -3.93 -0.84% 474 465 -8.40 -1.77% 478 468 -10.57 -2.21% (Euro/100 kg) 483 489 471 477 -11.82 -11.78 -2.45% -2.41% 494 473 -20.51 -4.15% 499 470 -28.89 -5.79% 504 465 -39.12 -7.76% 510 471 -38.65 -7.58% Dairy Impacts of Agenda 2000 on EU Milk Powder 1999 3 of 6 2000 2001 2002 2003 2004 2005 2006 2007 2008 992 965 -26.97 -2.72% 974 915 -59.15 -6.07% 956 908 -47.90 -5.01% SMP Production Baseline Agenda 2000 Change % Change 1,086 1,086 0.00 0.00% 1,088 1,114 25.84 2.37% 1,073 1,111 37.62 3.51% (Thousand Metric Tons) 1,057 1,041 1,026 1,009 1,086 1,062 1,046 1,001 28.33 20.37 20.50 -8.17 2.68% 1.96% 2.00% -0.81% SMP Consumption Baseline Agenda 2000 Change % Change 894 894 0.00 0.00% 888 890 2.11 0.24% 880 886 6.15 0.70% 871 881 9.82 1.13% 862 874 12.39 1.44% 845 857 11.86 1.40% 829 846 17.35 2.09% 813 836 23.00 2.83% 797 828 30.79 3.86% 781 810 28.80 3.69% SMP Stocks Baseline Agenda 2000 Change % Change 209 209 0.00 0.00% 216 234 17.78 8.23% 215 264 49.26 22.90% 208 276 67.77 32.61% 199 270 70.19 35.21% 195 265 69.45 35.55% 193 225 32.22 16.67% 191 177 -14.41 -7.53% 189 129 -59.96 -31.77% 186 111 -75.07 -40.39% SMP Exports Baseline Agenda 2000 Change % Change 265 265 0.00 0.00% 273 279 5.94 2.18% 273 273 0.00 0.00% 273 273 0.00 0.00% 267 273 5.56 2.08% 264 273 9.40 3.56% 261 273 11.71 4.48% 260 256 -3.34 -1.29% 258 214 -44.38 -17.18% 256 195 -61.59 -24.02% EU SMP Price Baseline Agenda 2000 Change % Change 206 206 0.00 0.00% 207 206 -1.47 -0.71% 209 205 -4.33 -2.07% 211 204 -6.89 -3.26% (Euro/100 kg) 214 216 205 208 -8.72 -8.52 -4.08% -3.94% 219 205 -13.81 -6.31% 221 202 -18.97 -8.58% 224 198 -25.81 -11.54% 226 201 -24.79 -10.96% WMP Production Baseline Agenda 2000 Change % Change 1,032 1,032 0.00 0.00% 1,002 1,003 1.54 0.15% 991 996 4.76 0.48% (Thousand Metric Tons) 991 990 988 996 995 993 5.55 5.41 4.85 0.56% 0.55% 0.49% 987 997 10.06 1.02% 985 1,002 16.66 1.69% 983 1,011 27.25 2.77% 981 1,009 27.16 2.77% WMP Exports Baseline Agenda 2000 Change % Change 485 485 0.00 0.00% 452 453 1.19 0.26% 440 444 4.06 0.92% 438 443 4.69 1.07% 434 438 3.91 0.90% 431 440 8.41 1.95% 429 443 14.43 3.36% 427 451 24.37 5.71% 424 449 24.45 5.76% EU WMP Price Baseline Agenda 2000 Change % Change 258 258 0.00 0.00% 254 251 -2.69 -1.06% 255 249 -5.48 -2.15% 258 251 -6.88 -2.67% (Euro/100 kg) 260 263 253 256 -7.77 -7.72 -2.98% -2.93% 266 252 -13.93 -5.24% 269 250 -19.14 -7.12% 272 246 -25.32 -9.32% 274 250 -24.31 -8.86% Dairy 436 440 4.46 1.02% Impacts of Agenda 2000 on World Cheese Markets 1999 4 of 6 2000 2001 2002 2003 EU Net Exports Baseline Agenda 2000 Change % Change 316 316 0.00 0.00% 304 306 2.47 0.81% 304 309 5.80 1.91% New Zealand Net Exports Baseline Agenda 2000 Change % Change 216 216 0.00 0.00% 237 237 0.18 0.08% 244 244 -0.40 -0.17% 252 252 -0.35 -0.14% 260 260 0.21 0.08% Australia Net Exports Baseline Agenda 2000 Change % Change 121 121 0.00 0.00% 130 131 0.59 0.45% 137 138 0.51 0.38% 140 141 0.48 0.34% Argentina Net Exports Baseline Agenda 2000 Change % Change 21 21 0.00 0.02% 28 27 -0.58 -2.11% 32 31 -1.17 -3.69% Russia Net Imports Baseline Agenda 2000 Change % Change 230 230 0.00 0.00% 243 243 0.71 0.29% Japan Net Imports Baseline Agenda 2000 Change % Change 192 192 0.00 0.00% U.S. Net Imports Baseline Agenda 2000 Change % Change 2004 (Thousand MT) 305 307 310 312 314 317 6.69 7.00 7.06 2.19% 2.28% 2.28% 2005 2006 2007 2008 311 324 12.51 4.02% 313 331 17.90 5.72% 316 341 24.68 7.81% 318 340 22.55 7.10% 270 271 0.89 0.33% 280 281 0.98 0.35% 290 290 -0.56 -0.19% 302 298 -4.32 -1.43% 313 307 -5.75 -1.84% 144 145 0.81 0.56% 149 150 1.31 0.88% 154 155 1.09 0.71% 158 158 -0.68 -0.43% 163 158 -4.89 -2.99% 168 160 -7.85 -4.68% 35 33 -1.54 -4.46% 37 35 -1.47 -3.99% 40 39 -1.01 -2.55% 41 40 -0.93 -2.27% 41 40 -0.79 -1.91% 42 41 -0.92 -2.18% 43 41 -1.09 -2.57% 259 261 1.82 0.70% 268 270 2.00 0.75% 276 277 0.93 0.34% 285 286 1.28 0.45% 288 291 3.12 1.08% 285 288 3.32 1.16% 286 285 -0.23 -0.08% 282 276 -5.95 -2.11% 196 197 0.07 0.03% 204 204 0.13 0.06% 214 214 0.23 0.11% 225 226 0.34 0.15% 238 238 0.35 0.15% 251 251 0.49 0.20% 264 265 0.69 0.26% 278 279 0.89 0.32% 292 294 1.17 0.40% 115 115 0.00 0.00% 117 117 0.00 0.00% 117 117 0.00 0.00% 117 117 0.00 0.00% 118 118 0.00 0.00% 118 118 0.00 0.00% 118 118 0.00 0.00% 118 118 0.00 0.00% 119 119 0.00 0.00% 119 119 0.00 0.00% Rest of World Net Imports Baseline Agenda 2000 Change % Change 150 150 0.00 0.00% 145 145 0.15 0.10% 141 141 0.39 0.28% 142 143 1.03 0.73% 144 146 1.56 1.08% 146 148 1.41 0.96% 149 152 2.53 1.69% 154 158 4.56 2.97% 156 164 8.00 5.11% 160 172 11.19 6.98% Cheese, FOB N.Eur. Baseline Agenda 2000 Change % Change 2,316 2,316 0.00 0.00% 2,351 2,346 -4.47 -0.19% 2,436 2,430 -6.56 -0.27% (U.S. Dollar per MT) 2,443 2,448 2,463 2,431 2,432 2,450 -11.78 -15.58 -13.84 -0.48% -0.64% -0.56% 2,469 2,447 -21.79 -0.88% 2,471 2,444 -27.41 -1.11% 2,485 2,451 -33.72 -1.36% 2,488 2,446 -42.34 -1.70% Dairy Impacts of Agenda 2000 on World Butter Markets 1999 5 of 6 2000 2001 2002 2003 2004 EU Net Exports Baseline Agenda 2000 Change % Change 80 80 0.00 0.00% 115 122 7.75 6.76% 121 137 16.19 13.39% (Thousand MT) 125 128 130 145 149 151 19.79 20.72 20.99 15.83% 16.20% 16.17% New Zealand Net Exports Baseline Agenda 2000 Change % Change 322 322 0.00 0.00% 327 326 -0.83 -0.25% 331 330 -0.77 -0.23% 335 334 -0.87 -0.26% 337 336 -1.13 -0.33% Australia Net Exports Baseline Agenda 2000 Change % Change 104 104 0.00 0.00% 104 103 -0.49 -0.47% 105 105 -0.33 -0.31% 108 108 -0.22 -0.20% Argentina Net Exports Baseline Agenda 2000 Change % Change 5 5 0.00 0.04% 7 7 -0.32 -4.57% 8 8 -0.34 -4.10% Russia Net Imports Baseline Agenda 2000 Change % Change 175 175 0.00 0.00% 189 190 1.03 0.54% Ukraine Net Exports Baseline Agenda 2000 Change % Change 54 54 0.00 0.00% U.S. Net Exports Baseline Agenda 2000 Change % Change 2005 2006 2007 2008 132 144 12.14 9.19% 133 132 -1.06 -0.79% 134 115 -19.15 -14.26% 135 107 -28.56 -21.14% 340 338 -1.25 -0.37% 342 342 -0.67 -0.19% 345 347 1.18 0.34% 348 353 4.83 1.39% 351 357 6.16 1.75% 111 111 -0.22 -0.20% 114 114 -0.10 -0.08% 117 118 0.36 0.31% 120 122 1.24 1.03% 124 127 2.91 2.35% 127 131 3.44 2.70% 9 9 -0.41 -4.38% 10 9 -0.51 -5.22% 10 10 -0.56 -5.50% 11 10 -0.32 -3.00% 11 11 0.43 3.95% 11 13 1.87 17.03% 11 13 2.37 21.46% 199 201 2.25 1.13% 207 210 2.34 1.13% 213 215 1.99 0.93% 219 221 1.92 0.88% 225 226 1.05 0.47% 228 228 0.04 0.02% 227 225 -1.71 -0.75% 223 219 -3.27 -1.47% 51 50 -0.40 -0.78% 51 51 -0.78 -1.52% 53 52 -0.86 -1.63% 53 52 -0.92 -1.72% 54 53 -1.02 -1.90% 54 54 -0.61 -1.13% 54 54 -0.01 -0.03% 53 54 0.83 1.57% 52 54 1.27 2.42% -7 -7 0.00 0.00% -8 -8 0.00 0.00% -4 -4 0.00 0.00% -5 -5 0.00 0.00% -2 -2 0.00 0.00% 0 0 0.00 0.00% 1 1 0.00 0.00% 3 3 0.00 0.00% 5 5 0.00 0.00% 6 6 0.00 0.00% Rest of World Net Imports Baseline Agenda 2000 Change % Change 338 338 0.00 0.00% 354 356 2.49 0.71% 362 369 7.45 2.06% 364 375 10.23 2.81% 365 376 11.06 3.03% 366 377 11.08 3.03% 366 373 6.66 1.82% 369 371 1.65 0.45% 376 374 -2.32 -0.62% 386 381 -5.05 -1.31% Butter, FOB N.Eur. Baseline Agenda 2000 Change % Change 1,798 1,798 0.00 0.00% 1,761 1,749 -12.07 -0.69% 1,778 1,746 -31.82 -1.79% (U.S. Dollar per MT) 1,801 1,826 1,848 1,765 1,791 1,815 -35.96 -34.45 -32.62 -2.00% -1.89% -1.77% 1,875 1,864 -11.87 -0.63% 1,886 1,888 1.98 0.11% 1,882 1,890 7.61 0.40% 1,875 1,887 11.61 0.62% Dairy Impacts of Agenda 2000 on World SMP Markets 1999 6 of 6 2000 2001 2002 2003 EU Net Exports Baseline Agenda 2000 Change % Change 186 186 0.00 0.00% 194 200 5.94 3.06% 194 194 0.00 0.00% New Zealand Net Exports Baseline Agenda 2000 Change % Change 211 211 0.00 0.00% 225 224 -1.31 -0.58% 237 236 -0.90 -0.38% 248 247 -1.04 -0.42% 257 255 -1.62 -0.63% Australia Net Exports Baseline Agenda 2000 Change % Change 195 195 0.00 0.00% 200 199 -1.10 -0.55% 207 206 -0.54 -0.26% 216 215 -0.37 -0.17% Poland Net Exports Baseline Agenda 2000 Change % Change 95 95 0.00 0.00% 94 94 -0.34 -0.36% 91 91 0.09 0.10% Mexico Net Imports Baseline Agenda 2000 Change % Change 132 132 0.00 0.00% 134 134 0.43 0.32% Brazil Net Imports Baseline Agenda 2000 Change % Change 41 41 0.00 -0.01% U.S. Net Exports Baseline Agenda 2000 Change % Change 2004 (Thousand MT) 194 188 185 194 194 194 0.00 5.56 9.40 0.00% 2.95% 5.09% 2005 2006 2007 2008 182 194 11.71 6.42% 181 177 -3.34 -1.85% 179 135 -44.38 -24.74% 177 116 -61.59 -34.71% 266 264 -2.00 -0.75% 275 273 -1.28 -0.47% 284 286 1.96 0.69% 293 301 8.77 3.00% 302 313 11.22 3.72% 225 224 -0.58 -0.26% 233 233 -0.50 -0.22% 242 242 0.14 0.06% 251 253 2.28 0.91% 260 267 6.90 2.65% 269 278 8.60 3.19% 94 94 0.44 0.46% 99 99 0.06 0.06% 102 102 -0.47 -0.46% 106 105 -0.93 -0.88% 109 109 -0.31 -0.28% 112 113 1.34 1.20% 115 117 2.13 1.85% 130 130 0.04 0.03% 131 131 0.32 0.24% 134 135 0.79 0.59% 137 138 1.00 0.73% 141 143 1.42 1.00% 145 146 0.52 0.36% 150 148 -1.95 -1.30% 154 151 -2.70 -1.76% 46 46 0.71 1.55% 43 43 0.25 0.58% 42 42 0.30 0.72% 43 43 0.74 1.75% 44 45 1.02 2.31% 47 47 0.56 1.19% 49 48 -1.65 -3.35% 53 46 -6.38 -12.12% 56 48 -7.87 -14.00% 120 120 0.00 0.00% 116 116 0.00 0.00% 88 88 0.00 0.00% 69 69 0.00 0.00% 68 68 0.00 0.00% 68 68 0.00 0.00% 68 68 0.00 0.00% 67 67 0.00 0.00% 67 67 0.00 0.00% 67 67 0.00 0.00% Rest of World Net Imports Baseline Agenda 2000 Change % Change 73 73 0.00 0.00% 78 79 0.46 0.59% 73 73 -0.41 -0.55% 70 70 -0.51 -0.72% 69 69 0.26 0.37% 68 69 0.97 1.43% 68 71 2.25 3.30% 68 70 1.36 1.99% 68 64 -3.62 -5.34% 67 60 -6.83 -10.17% SMP, FOB N.Eur. Baseline Agenda 2000 Change % Change 1,260 1,260 0.00 0.00% 1,289 1,281 -8.14 -0.63% 1,413 1,418 4.53 0.32% (U.S. Dollar per MT) 1,460 1,486 1,518 1,460 1,475 1,501 0.28 -11.19 -16.90 0.02% -0.75% -1.11% 1,540 1,509 -30.68 -1.99% 1,568 1,557 -11.04 -0.70% 1,604 1,657 52.89 3.30% 1,640 1,711 70.62 4.31% Dairy