Spain's Entry into the European Community. Effects on the Feed Grain and Livestock Sectors

摘要

Spain's expected entry into the European Community (EC) in the mideighties would raise internal feed grain prices, slowing growth in livestock production and feed grain use over a 5- to 10-year transition period. Accession would not cause major changes in U.S. exports of corn, sorghum, or soybeans. Effects on Spain's import needs will be small, and increased imports elsewhere in the EC will probably offset any reduction in Spain's imports from the United States. Eventual surpluses of barley, milk, and pork are possible. Spain's accession would do little to alleviate the EC's current farm surplus and budget problems.