Prospects for agricultural markets and income 2007-2014 was published last 4th April by the DG  Agriculture and Rural Development. It provides a picture of the likely medium-term developments of agricultural markets, based on a certain number of assumptions and on the statistical information available at the end of December 2007.

The report covers the market and income prospects for the period 2007-2014 within the EU for the following products: cereals, oilseeds, meat, eggs, milk and the main dairy products. The changes in legislation proposed or adopted since January 2008, e.g. the latest decision to increase milk quotas by 2% from the 2008 marketing year, have not been taken into account. Furthermore, the projections do not take into account the potential outcome of the multilateral trade negotiations within the framework of the Doha Development Round. Medium-term income projections display a rather favourable outlook as the EU-27 agricultural income are forecast to grow by 18 % between 2006 and 2014 in real terms and per labour unit (7 % in the EU-15, 21 % in the EU-10 and 88 % in EU-2). However, the overall outlook for EU agricultural markets and income over the next seven years remains subject to some important uncertainties. These include the Doha Round, the macro-economic environment, policies on renewable energy, future climatic conditions and developments on GMOs. The report is available at the DG Agriculture and Rural Development to be downloaded.