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USDA Agricultural Projections to 2033

Author

Listed:
  • Interagency Agricultural Projections Committee
  • World Agricultural Outlook Board, Office of the Chief Economist

Abstract

This report provides projections for the agricultural sector to 2033. Projections cover agricultural commodities, agricultural trade, and aggregate indicators of the sector, such as farm income. The projections are based on specific assumptions, including a macroeconomic scenario, existing U.S. policy, and current international agreements. The Agriculture Improvement Act of 2018 is assumed to remain in effect through the projection period, as no agreement had been reached on a new Farm Bill as of October 2023. The projections are one representative scenario for the agricultural sector and reflect a composite of model results and judgment-based analyses. The projections in this report were prepared using data through the October 2023 World Agricultural Supply and Demand Estimates (WASDE) report, except where noted otherwise. Macroeconomic assumptions were concluded in August 2023.

Suggested Citation

  • Interagency Agricultural Projections Committee & World Agricultural Outlook Board, Office of the Chief Economist, 2024. "USDA Agricultural Projections to 2033," USDA Miscellaneous 348091, United States Department of Agriculture.
    • Handle: RePEc:ags:usdami:348091
    DOI: 10.22004/ag.econ.348091
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