The database provides 10-year projections for the agricultural sector. The most recent report (from February 2014) provides long-run agricultural projections through 2023. Long-term projections cover macroeconomic and farm policy assumptions, agricultural crop and livestock commodities, farm income, and agricultural trade. The database includes projections for major field crops (corn, sorghum, barley, oats, wheat, rice, soybeans, and upland cotton), and livestock (beef, pork, poultry and eggs, and dairy). Additional long-term projections for other data series are available online in spreadsheets.
Long-term projections are based on specific assumptions regarding macroeconomic conditions, policy, weather, and international developments. The projections assume that there are no shocks due to abnormal weather or other factors affecting global supply and demand. Provisions of current law are assumed to remain in effect throughout these projections. The projections are one representative scenario for the agricultural sector for the next decade. As such, the projections provide a point of departure for discussion of alternative farm sector outcomes that could result under different assumptions.
Data presented in the February 2014 USDA long-term projections and included in this database cover historical estimates for 2012 and short-term projections for 2013 from the November 2013 World Agricultural Supply and Demand Estimates report, followed by 10 years of projections for 2014 through 2023. Projections reflect a composite of model results and judgment-based analysis.
USDA's long-term projections report is prepared annually and released in February each year.