USDA Agricultural Projections to 2025

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By World Agricultural Outlook Board (ed)
Year: 2016
Pages: 99
Binding Paperback
ISBN 978-1-4578-7238-9

Product Code: 1457872382

Description

This report provides projections for the agricultural sector to 2025, including agricultural commodities, agricultural trade, and aggregate indicators of the sector, such as farm income. They are based on specific assumptions about macroeconomic conditions, policy, weather, and international developments, with no domestic or external shocks to global agricultural markets. Over the next several years, the agricultural sector continues to adjust to lower prices for most farm commodities. Although reduced energy prices have decreased energy-related agricultural production costs, lower crop prices in the near term result in declines in planted acreage. Lower feed costs provide economic incentives for expansion in the livestock sector. Although a stronger U.S. dollar constrains growth in U.S. agricultural exports somewhat, the U.S. remains competitive in global agricultural markets. Figures and tables. This is a print on demand report.

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