Beef Long Term Projections 2016

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This dataset shows the long-run projections (Beef) for the US agricultural sector to 2025 includes assumptions for the US and international macroeconomic conditions and projections for major commodities, farm income, and the US agricultural trade value. Values are from the publication United States Department of Agriculture (USDA) Agricultural Projections to 2025, February 2016.

Complexity

United States Department of Agriculture (USDA) long-term agricultural projections presented in this report are a departmental consensus on a long run scenario for the agricultural sector. These projections provide a starting point for discussion of alternative outcomes for the sector. The projections in this report were prepared during October through December 2015, with the Agricultural Act of 2014 assumed to remain in effect through the projection period. The scenario presented in this report is not a USDA forecast about the future. Instead, it is a conditional, long run scenario about what would be expected to happen under a continuation of current farm legislation and other specific assumptions.

Critical long-term assumptions are made for the US and international macroeconomic conditions, US and foreign agricultural and trade policies, and growth rates of agricultural productivity in the United States and abroad. The report assumes that there are no domestic or external shocks that would affect global agricultural supply and demand. Normal weather is assumed. Changes in any of these assumptions can significantly affect the projections, and actual conditions that emerge will alter the outcomes. The report uses as a starting point the short-term projections from the November 2015 World Agricultural Supply and Demand Estimates report. The macroeconomic assumptions were completed in October 2015.

The projections analysis was conducted by interagency committees in USDA and reflect a composite of model results and judgment-based analyses. The Economic Research Service had the lead role in preparing the departmental report. The projections and the report were reviewed and cleared by the Interagency Agricultural Projections Committee, chaired by the World Agricultural Outlook Board. USDA participants in the projections analysis and review include the World Agricultural Outlook Board; the Economic Research Service; the Farm Service Agency; the Foreign Agricultural Service; the Agricultural Marketing Service; the Office of the Chief Economist; the Office of Budget and Program Analysis; the Risk Management Agency; the Natural Resources Conservation Service; and the National Institute of Food and Agriculture.

Date Created

2016-02-01

Last Modified

2016-02-01

Version

2016-02-01

Update Frequency

Annual

Temporal Coverage

2016-02-01 to 2017-01-01

Spatial Coverage

United States

Source

John Snow Labs; United States Department of Agriculture (USDA);

Source License URL

Source License Requirements

N/A

Source Citation

United States Department of Agriculture (USDA), Release 2016.

Keywords

US Agricultural Projections, Projections for Major Commodities, USDA Agricultural Projections, US Macroeconomic Conditions, US Agricultural Supply and Demand Report, USDA Commodity Prices, Crops, U.S. Dollar Value, U.S. Department of Agriculture, USDA

Other Titles

Beef Trade Projection, US Long Range Weather Forecast for Beef 2016

NameDescriptionTypeConstraints
ItemMeat Consumption list regarding plantation, harvesting, usage, prices and exportsstringrequired : 1
UnitsMeasurement of an itemstring-
Year_2014Forecasted Beef consumption for year 2014numberlevel : Ratio
Year_2015Forecasted Beef consumption for year 2015numberlevel : Ratio
Year_2016Forecasted Beef consumption for year 2016numberlevel : Ratio
Year_2017Forecasted Beef consumption for year 2017numberlevel : Ratio
Year_2018Forecasted Beef consumption for year 2018numberlevel : Ratio
Year_2019Forecasted Beef consumption for year 2019numberlevel : Ratio
Year_2020Forecasted Beef consumption for year 2020numberlevel : Ratio
Year_2021Forecasted Beef consumption for year 2021numberlevel : Ratio
Year_2022Forecasted Beef consumption for year 2022numberlevel : Ratio
Year_2023Forecasted Beef consumption for year 2023numberlevel : Ratio
Year_2024Forecasted Beef consumption for year 2024numberlevel : Ratio
Year_2025Forecasted Beef consumption for year 2025numberlevel : Ratio
ItemUnitsYear 2014Year 2015Year 2016Year 2017Year 2018Year 2019Year 2020Year 2021Year 2022Year 2023Year 2024Year 2025
Beginning stocksMil. lbs.584.0591.0600.0560.0560.0560.0560.0560.0560.0560.0560.0560.0
Commercial productionMil. lbs.24252.023715.024850.025230.025696.026231.026619.026992.027303.027559.027786.027992.0
Change from previous year-5.7-2.24.81.51.82.11.51.41.20.90.80.7
Farm productionMil. lbs.68.065.064.065.065.065.065.065.065.065.065.065.0
Total productionMil. lbs.24320.023780.024914.025295.025761.026296.026684.027057.027368.027624.027851.028057.0
ImportsMil. lbs.2947.03432.03045.02950.02975.03000.03050.03100.03150.03200.03250.03300.0
Total supplyMil. lbs.27851.027803.028559.028805.029296.029856.030294.030717.031078.031384.031661.031917.0
ExportsMil. lbs.2573.02223.02425.02500.02650.02800.02925.03050.03150.03250.03325.03400.0
Ending stocksMil. lbs.591.0600.0560.0560.0560.0560.0560.0560.0560.0560.0560.0560.0
Total consumptionMil. lbs.24687.024980.025574.025745.026086.026496.026809.027107.027368.027574.027776.027957.0
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