The USDA's Office of the Chief Economist will release its annual projections report this Thursday, Feb. 12. The report, USDA Agricultural Projection to 2018, will be available at noon www.usda.gov/oce.
The long-term projections are developed by interagency committees in USDA, with the Economic Research Service having the lead role in the preparation of the report. These projections do not represent a USDA forecast, but a conditional, long-run scenario based on specific assumptions. Agricultural crop and livestock commodities, agricultural trade and aggregate indicators such as farm income and food prices are some of the areas that will be projected through 2018.
Printed copies of the report will be available during the USDA's 2009 Agricultural Outlook Forum in Arlington, Va. Feb. 26-27.