USDA Releases Agricultural Projection Tables

(WASHINGTON) The U.S. Department of Agriculture (USDA) has released selected tables from the upcoming USDA Agricultural Projections to 2033 report. These tables will include 10-year projections for major U.S. crops and livestock products and will be followed in February 2024 by USDA’s Agricultural Projections to 2033 report that will include a full discussion of the commodity supply and use projections, and projections for farm income and global commodity trade.

These projections, commonly referred to as the “USDA Baseline,” assume that current laws affecting federal spending and revenues remain in place throughout the projection period, and do not attempt to predict global policy or political outcomes, abnormal weather events, or other external shocks that could affect market outcomes.

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