US Agricultural Trade Long Term Projections 2018 to 2029

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This dataset shows the long-run projections (US Agricultural Trade) for the US agricultural sector to 2029 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 2029, October 2019.

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 2017, 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 U.S. 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 2017 World Agricultural Supply and Demand Estimates report. The macroeconomic assumptions were completed in October 2019.

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

2020-02-14

Version

2020-02-14

Update Frequency

Annually

Temporal Coverage

2018-2029

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, Agriculture Information, U.S. Department of Agriculture, USDA

Other Titles

US Agricultural Trade Projections, US Long Range Weather Forecast for Agriculture

NameDescriptionTypeConstraints
ItemAgricultural Trade list regarding plantation, harvesting, usage, prices and exportsstring-
Year_2018Forecasted Agricultural Trade consumption for year 2018numberlevel : Ratio
Year_2019Forecasted Agricultural Trade consumption for year 2019numberlevel : Ratio
Year_2020Forecasted Agricultural Trade consumption for year 2020numberlevel : Ratio
Year_2021Forecasted Agricultural Trade consumption for year 2021numberlevel : Ratio
Year_2022Forecasted Agricultural Trade consumption for year 2022numberlevel : Ratio
Year_2023Forecasted Agricultural Trade consumption for year 2023numberlevel : Ratio
Year_2024Forecasted Agricultural Trade consumption for year 2024numberlevel : Ratio
Year_2025Forecasted Agricultural Trade consumption for year 2025numberlevel : Ratio
Year_2026Forecasted Agricultural Trade consumption for year 2026numberlevel : Ratio
Year_2027Forecasted Agricultural Trade consumption for year 2027numberlevel : Ratio
Year_2028Forecasted Agricultural Trade consumption for year 2028numberlevel : Ratio
Year_2029Forecasted Agricultural Trade consumption for year 2029numberlevel : Ratio
ItemYear 2018Year 2019Year 2020Year 2021Year 2022Year 2023Year 2024Year 2025Year 2026Year 2027Year 2028Year 2029
Agricultural exports (value in billion dollars)
Livestock, dairy, and poultry29.531.434.035.136.737.838.339.039.740.441.442.3
Livestock and meats19.120.722.523.124.425.325.526.026.426.827.528.1
Dairy products5.65.76.46.56.66.76.97.17.47.67.88.0
Poultry products5.05.05.25.55.75.85.95.96.06.06.16.1
Grains and feeds29.428.428.128.929.830.331.432.233.033.834.435.0
Coarse grains9.49.29.09.29.69.810.110.510.711.111.311.5
Feeds and fodder7.57.37.17.37.57.67.98.18.38.58.68.7
Oilseeds and products33.135.436.636.337.939.140.241.542.042.943.244.0
Soybeans and products28.931.032.231.933.434.435.436.637.037.838.138.7
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