USDA Agricultural Projections to 2034

Erik Dohlman, James Hansen, William Chambers and Interagency Agricultural Projections Committee

No 350164, USDA Miscellaneous from United States Department of Agriculture

Abstract: This report provides projections for the agricultural sector to 2034. 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 2024. 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 2024 World Agricultural Supply and Demand Estimates (WASDE) report, except where noted otherwise. Macroeconomic assumptions were concluded in August 2024.

Keywords: Agricultural and Food Policy; Crop Production/Industries; Dairy Production/Industries; Demand and Price Analysis; Financial Economics; Food Consumption/Nutrition/Food Safety; International Relations/Trade; Livestock Production/Industries; Production Economics; Productivity Analysis; Resource /Energy Economics and Policy (search for similar items in EconPapers)
Pages: 120
Date: 2025-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:usdami:350164

DOI: 10.22004/ag.econ.350164

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