BMI View: We believe the grain sector in France will continue to outperform other agribusiness sectors interms of production growth. This will be reinforced by ongoing reforms of Common Agricultural Policysubsidies that are likely to have more of an effect on dairy and livestock farmers because they are oftensmaller than grain farmers. The agriculture minister''s proposal to shift part of EU subsidies from cropfarmers to dairy or livestock farmers could support production growth in the latter, even though we do notsee this as sufficient to turn around current production trajectories for each sector.Key Forecasts? Wheat production growth to 2016/17: 12.7% to 40.6m...
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