USDA Agricultural Projections to 2033

Interagency Agricultural Projections Committee and Office of the Chief Economist World Agricultural Outlook Board

No 348091, USDA Miscellaneous from United States Department of Agriculture

Abstract: This report provides projections for the agricultural sector to 2033. Projections cover agricultural commodities, agricultural trade, and aggregate indicators of the sector, such as farm income. The projections are based on specific assumptions, including a macroeconomic scenario, existing U.S. policy, and current international agreements. The Agriculture Improvement Act of 2018 is assumed to remain in effect through the projection period, as no agreement had been reached on a new Farm Bill as of October 2023. The projections are one representative scenario for the agricultural sector and reflect a composite of model results and judgment-based analyses. The projections in this report were prepared using data through the October 2023 World Agricultural Supply and Demand Estimates (WASDE) report, except where noted otherwise. Macroeconomic assumptions were concluded in August 2023.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Dairy Farming; Demand and Price Analysis; Financial Economics; Food Consumption/Nutrition/Food Safety; International Relations/Trade; Livestock Production/Industries; Productivity Analysis; Research Methods/ Statistical Methods; Resource/Energy Economics and Policy (search for similar items in EconPapers)
Pages: 113
Date: 2024-02
New Economics Papers: this item is included in nep-agr
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Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:348091

DOI: 10.22004/ag.econ.348091

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