Agricultural News
USDA Announces Early Release of Select Commodity Tables for USDA's Agricultural Projections to 2030
Mon, 26 Oct 2020 10:37:30 CDT
On November 6, 2020 at 3:00 p.m. EST, the U.S. Department of Agriculture (USDA) will release select tables prepared for the upcoming USDA Agricultural Projections to 2030 report. USDA will post online tables containing long-term supply, use, and price projections to 2030 for major U.S. crops and livestock products, as well as supporting U.S. and international macroeconomic assumptions. The short-term projections from the October 9, 2020 World Agricultural Supply and Demand Estimates report are used as the starting point.
Those tables will be posted in MS Excel format simultaneously to the Office of the Chief Economist's (OCE) website and to the Economic Research Service's (ERS) website. Additional data visualizations and supporting content will be available at the ERS Agricultural Baseline Database.
The complete USDA Agricultural Projections to 2030 report will be released in February 2021 and will include a full discussion of the commodity supply and use projections, and projections for farm income and global commodity trade.
USDA's long-term agricultural projections represent a departmental consensus on a ten-year representative scenario for the agricultural sector. They are a composite of model results and judgment-based analyses, prepared from August 2020 through February 2021. The projections do not represent USDA forecasts, but rather reflect a conditional long-run scenario based upon specific assumptions about macroeconomic conditions, policy, weather, and international developments, with no domestic or external shocks to global agricultural markets. The Agricultural Act of 2018 is assumed to remain in effect through the projection period.
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