On February 14 at 12 p.m. EST, the U.S. Department of Agriculture (USDA) will release the complete set of tables prepared for the upcoming USDA Agricultural Projections to 2028 report. The tables will include projections for farm income, U.S. fruits, nuts and vegetables supply and use and global commodity trade. Tables will be posted in MS Excel format and posted to the USDA Office of the Chief Economist’s (OCE) website.
The complete USDA Agricultural Projections to 2028 report will be released on March 13, 2019 and will include a full discussion of the projections for U.S. commodity supply and use, farm income, and global commodity trade.
The tables will be a ten-year representative scenario for the agricultural sector. The projections do not represent USDA forecasts, but rather reflect a conditional long-run scenario 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.
Background on USDA’s long-term projections and past issues of the report are available at the USDA Economic Research Service (ERS) Website.