USDA Agricultural Baseline Projections to 2009

by Paul Westcott

This report provides long-run baseline projections for the agricultural sector through 2009. Projections cover agricultural commodities, agricultural trade, and aggregate indicators of the sector, such as farm income and food prices. The projections are based on specific assumptions regarding macroeconomic conditions, policy, weather, and international developments. The baseline assumes that there are no shocks due to abnormal weather or other factors affecting global supply and demand. The projections assume that current agricultural law of the 1996 Farm Act remains in effect throughout the baseline. The baseline projections presented are one representative scenario for the agricultural sector for the next decade. As such, the baseline provides a point of departure for discussion of alternative farm sector outcomes that could result under different assumptions. The projections in this report were prepared in October through December 1999, reflecting a composite of model results and judgmental analysis.

Keywords: Projections, baseline, crops, livestock, trade, farm income, food prices

In this publication...

• USDA Agricultural Baseline Projections to 2009
• Frontmatter
• Introduction, Summary of Projections
• Macroeconomic Assumptions
• Agricultural Policy Assumptions
• Crops
• Livestock
• Farm Income and Farm Financial Conditions
• Agricultural Trade
• Food Prices and Expenditures
• List of Tables

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