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The USDA will release selected tables prepared for the upcoming “USDA Agricultural Projections to 2029” report on November 1. USDA will post online tables containing long-term supply, use, and price projections to 2029 for major U.S. crops and livestock products. The tables will also include supporting U.S. and international macroeconomic assumptions. The short-term projections from the October 11, 2019, WASDE report are used as a starting point. The complete USDA Agricultural Projections to 2029 will be released in February of 2020. The complete report will include a full discussion of the commodity supply and use projections, as well as projections for farm income and global commodity trade. The early-release tables will be posted to the Office of the Chief Economist’s website at www.usda.gov/oce. USDA’s long-term agricultural projections represent a departmental consensus on a ten-year representative scenario for the agricultural sector. The projections don’t represent USDA forecasts, but rather reflect a conditional long-run scenario based on specific assumptions about macroeconomic conditions, policy, weather, and international developments, along with no domestic or external shocks to global agricultural markets.

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