The gain would be less pronounced in the Sustainable world, where the focus on trade cost reductions across world regions is smaller compared to trade costs within these regions. Nevertheless, farm incomes could be about 5% higher in 2050 on average for South and Central America. While farm incomes in North America would benefit mainly from reduced costs in trade outside of the Americas, Oceanian gains are most pronounced in their efforts focusing on regulatory convergence within the Asia-Oceania region - a consequence of their respective export markets. European farm incomes could be about 4% lower in the Individual scenario, although the two CGE models disagree about the size of the farm income loss. South Asia and Asia would also see prices and hence farm incomes reduce, but the effects are found to be rather small.