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  • Farmer's Weekly

    Predicting a straight-line future

    Jul 30, 2021 2 minutes

    The predictions of the Organisation for Economic Co-operation and Development (OECD) and the Food and Agriculture Organization of the United Nations’ (FAO) Agricultural Outlook 2021-2030 are based on a large, computable, general equilibrium model and, as usual, foresee a straight-line future.

    A reality check shows the future will not be a straight-line continuation of the past, and the only thing we know about it is that it will

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