Usda Long Term

United States

Department of

Agriculture

Office of the

Chief Economist

World Agricultural

Outlook Board

Long-term

Projections Report

OCE-2015-1

February 2015

USDA Agricultural

Projections to 2024

Interagency Agricultural Projections Committee

World Agricultural Outlook Board, Chair

Economic Research Service

Farm Service Agency

Foreign Agricultural Service

Agricultural Marketing Service

Office of the Chief Economist

Office of Budget and Program Analysis

Risk Management Agency

Natural Resources Conservation Service

National Institute of Food and Agriculture

USDA Long-term Projections

Long-term Projections on the Internet

USDA Agricultural Projections to 2024 is available in both pdf and Microsoft Word

formats at:

www.usda.gov/oce/commodity/projections/

and also at:

www.ers.usda.gov/publications/oce-usda-agricultural-projections/oce151.aspx

Data from the new USDA long-term projections are available electronically at:

usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1192

Information on USDA’s long-term projections process may be found at:

www.ers.usda.gov/topics/farm-economy/agricultural-baseline-projections/usdas-longterm-projections-process.aspx

USDA Agricultural Projections to 2024. Office of the Chief Economist, World Agricultural

Outlook Board, U.S. Department of Agriculture. Prepared by the Interagency Agricultural

Projections Committee. Long-term Projections Report OCE-2015-1, 97 pp.

Abstract

This report provides projections for the agricultural sector to 2024. Projections cover

agricultural commodities, agricultural trade, and aggregate indicators of the sector, such as

farm income. 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 remain in effect

through the projection period. The projections are one...