USDA’s long-term agricultural projections are a departmental consensus on a longrun representative scenario for the agricultural sector for the next decade. The projections are based on specific assumptions about macroeconomic conditions, policy, weather, and international developments, with no domestic or external shocks to global agricultural markets. The Agricultural Act of 2014 is assumed to be extended and 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 2014. The projections use as a starting point the short-term projections from the November 2014 World Agricultural Supply and Demand Estimates report.
The World Agricultural Outlook Board chairs an Interagency Agricultural Projections Committee to coordinate this activity and improve the quality and consistency of projections.
This report, the most recent, was released in February, 2015.
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Background on USDA's long-term projections and past issues of the report are available at the ERS Web site.
Contact Paul Westcott (firstname.lastname@example.org) or David Stallings (email@example.com) for further information.