The U. S. Department of Agriculture (USDA) will release new 10-year agricultural projections February 16, 2017, at 12:00 p.m. EST. USDA Agricultural Projections to 2026 will be posted to the Office of the Chief Economist’s (OCE) website atwww.usda.gov/oce and will be available in MS Word and PDF formats. Projections data will be located at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1192, as Excel spreadsheets. Custom database queries, for the new report as well as prior issues, will be available at https://www.ers.usda.gov/data-products/agricultural-baseline-database/.
USDA’s Agricultural Projections to 2026 includes selected projections that were made available to the public as Excel spreadsheets November 29, 2016. Those projections are unchanged, and include long-term supply, use, and price projections to 2026 for major crops and livestock products, along with supporting U.S. and international macroeconomic assumptions. The complete USDA Agricultural Projections to 2026 report contains a full discussion of the commodity supply and use projections and the assumptions used.
USDA publishes the complete projections report each year in February. The projections are developed by interagency committees in USDA, led by the World Agricultural Outlook Board in the Office of the Chief Economist, with the Economic Research Service (ERS) having the primary role in the preparation of the report. The projections cover crop and livestock commodities, agricultural trade and aggregate indicators, such as farm income through 2026. The projections do not represent a USDA forecast, but a conditional, long-run scenario based on specific assumptions, completed in October, 2016, about farm policy, weather, the economy and international developments. The Agricultural Act of 2014 is assumed to remain in effect through the projection period. The projections reflect a composite of model results and judgment-based analyses and were prepared during October through December 2016.
Background on USDA’s long-term projections and past issues of the report are available on the ERS website at http://www.ers.usda.gov/topics/farm-economy/agricultural-baseline-projections.aspx.
