BMI View: We believe the grain sector in France will continue to outperform other agribusiness sectors in terms of production growth. This will be reinforced by the ongoing reforms of Common Agricultural Policy subsidies, which are likely to have more of an effect on dairy and livestock farmers than grain farmers. The agriculture minister’s proposal to shift some EU subsidies from crop farmers to dairy or livestock farmers could support production growth in the latter, even though we do not see this as sufficient to turn around the current production trajectories of each sector. Still Focused On Grains France – …
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