1945

Supply of agricultural products in the developed market countries continued to exceed demand in 1987. Prices were low, especially for cereals and oilseeds, although dairy and meat prices strengthened a little as production controls began to take effect. Real farm incomes declined, despite increased assistance, and above all price supports. In all countries, calls for reform continued to grow as policy-makers recognized the need for freer agricultural markets and better international policy coordination.

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