Conclusions and Future Work

Resúmen

In developing the AGMEMOD model of European agricultural commodity markets the AGMEMOD Partnership has shown that it is possible to establish an econometric, dynamic, multi-product partial equilibrium model of European agriculture based on a “bottom up” approach. A total of 27 country level dynamic, multi-product partial equilibrium models of agriculture have been developed and integrated to form a coherent partial equilibrium model of EU27 agriculture. This model is used to generate (baseline) agricultural commodity market outlook information and analysis and to conduct policy change impact (scenario) analysis.