MAGNET (Modular Applied GeNeral Equilibrium Tool) is a global general equilibrium model. A distinguishing feature of the model is its modular structure, which allows the model to be tailored to the research question at hand. MAGNET has been widely used to simulate the impacts of agricultural, trade, land and bioenergy policies on the global economy with a particular focus on the impacts on land use, agricultural prices, nutrition and household food security. It is listed in the MIDAS, the inventory of models used by the European Commission for impact assessment.
The MAGNET consortium, includes Wageningen Economic Research (lead), the European Commission’s Joint Research Centre (JRC) and the Thünen-Institute (TI).
The BrightSpace project, coordinated by Wageningen Economic Research was selected for funding within the Horizon Europe funding schema. The objective of BrightSpace is to design effective and sustainable strategies for assessing and addressing the challenges of EU agriculture to navigate within a safe and just operating space, including planetary boundaries.
Soil isn’t the only thing that we are losing from erosion. A new study estimates $8 billion in global economic losses caused by soil erosion reducing crop yields and increasing water usage.
Today at the parliament (COMAGRI), Commissioner Wojciechowski will present a report that analyzes the impact of 12 Free Trade Agreements on EU agri-food, based on MAGNET analysis. According to the new study, the EU trade agenda is set to have an overall positive impact on the EU economy and the agri-food sector.