USDA Agricultural Projections to 2019
Description:... Projections cover agricultural commodities, agricultural trade, and aggregate indicators of the sector, such as farm income and food prices. The projections are based on specific assumptions about macro-economic conditions, policy, weather, and international developments. The report provides a point of departure for discussion of alternative farm sector outcomes that could result under different assumptions. Prospects for the agricultural sector in the near term reflect continuing U.S. and global adjustments to the recession of 2008-09 and the subsequent economic recovery. Long-run developments for global agriculture reflect continued demand for biofuels, particularly in the U.S. and the European Union. Charts and tables.
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