USDA will release its "USDA Agricultural Projections to 2020" report next Monday, Feb. 14 at 12:00 noon EST. Developed by interagency committees in USDA, with the Economic Research Service having the lead role, the new projections cover crop and livestock commodities, agricultural trade and aggregate indicators such as farm income, and food prices through 2020.
The projections do not represent a USDA forecast, but a conditional, long-run scenario based on specific assumptions about farm policy, weather, the economy and international developments. Provisions of the 2008 Farm Act are incorporated into the projections and are assumed to remain in effect through 2020. Normal weather also is assumed throughout the projection period.
The report will be available in printed form at USDA's 2011 Agricultural Outlook Forum in Arlington, Virginia on February 24-25.
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