| Abstract: | World agricultural production is at an all-time high and is climbing fast, especially in the developing countries. Even Africa has ample land and technology to feed its population, given more effective national policies. Higher agricultural output has been stimulated primarily by new technology, but also by investments and improved government policies. Constraints such as cropland shortage, soil erosion, and higher oil prices have been readily surmounted. High-technology agriculture has even overcome some major "systems breaks." Thus U.S. farmers will continue to face commercial surpluses of farm products in world markets in the years ahead. |
