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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...