The Agricultural Situation in Western Europe: Review of 1972 and Outlook for 1973
2022
Developed Countries Branch, Foreign Demand | Competition Division, Economic Research Service
Agricultural output in Western Europe continued at a high level in 1972. Grain output reached a new record, but red meat output declined as cattle herds were built up. Milk production increased, resulting in butter surpluses. U.S. agricultural exports to Western Europe grew in 1972. The recent enlargement of the European Community will adversely affect some U.S. agricultural exports. Inflation and a new currency crisis are major factors affecting the West European outlook. The structure of European agriculture's being modernized, but the pace is very gradual.
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