Global agricultural market trendsand their impacts onEuropean Union agriculture

The economic, political and climatic conditions in which farmers around the world have tomake their production and investment decisions are changing dramatically. This studyanalyses the driving forces of changes in agricultural world markets and their implications forEuropean Union agriculture for the time period 2003/05 - 2013/15. The impacts on EuropeanUnion agriculture are quantified using of a multi-market-model.The mega-trend of declining world market prices has ended. Since the turn of the millenniumworld market prices for agricultural goods have been increasing. This trend can be expected tocontinue. Not only will prices have a tendency to increase, but also fluctuations of agriculturalworld market prices are likely to be higher in the future than they have been in the past...