Others titles
- Agricultural Commodity Prices 2016
- US Long Range Weather Forecast 2016
Keywords
- US Agricultural Projections
- Projections for Major Commodities
- USDA Agricultural Projections
- US Macroeconomic Conditions
- US Agricultural Supply and Demand Report
US Macroeconomic Assumptions
This dataset shows the long-run projections for the US agricultural sector to 2031 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 2032.
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Description
United States Department of Agriculture (USDA) long-term agricultural projections presented in this report are a departmental consensus on a longrun scenario for the agricultural sector. These projections provide a starting point for discussion of alternative outcomes for the sector. The scenario presented in this report is not a USDA forecast about the future. Instead, it is a conditional, longrun 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 August 2022.
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.
About this Dataset
Data Info
Date Created | 2016-02-01 |
---|---|
Last Modified | 2023-01-09 |
Version | 2023-01-09 |
Update Frequency |
Annual |
Temporal Coverage |
2022-2033 |
Spatial Coverage |
United States |
Source | John Snow Labs; United States Department of Agriculture (USDA); |
Source License URL | |
Source License Requirements |
N/A |
Source Citation |
N/A |
Keywords | US Agricultural Projections, Projections for Major Commodities, USDA Agricultural Projections, US Macroeconomic Conditions, US Agricultural Supply and Demand Report |
Other Titles | Agricultural Commodity Prices 2016, US Long Range Weather Forecast 2016 |
Data Fields
Name | Description | Type | Constraints |
---|---|---|---|
Component | Component of a list | string | - |
Item | List of agricultural sector | string | - |
Year_2021 | Project amount in year 2021 | number | level : Ratio |
Year_2022 | Project amount in year 2022 | number | level : Ratio |
Year_2023 | Project amount in year 2023 | number | level : Ratio |
Year_2024 | Project amount in year 2024 | number | level : Ratio |
Year_2025 | Project amount in year 2025 | number | level : Ratio |
Year_2026 | Project amount in year 2026 | number | level : Ratio |
Year_2027 | Project amount in year 2027 | number | level : Ratio |
Year_2028 | Project amount in year 2028 | number | level : Ratio |
Year_2029 | Project amount in year 2029 | number | level : Ratio |
Year_2030 | Project amount in year 2030 | number | level : Ratio |
Year_2031 | Project amount in year 2031 | number | level : Ratio |
Year_2032 | Project amount in year 2032 | number | level : Ratio |
Data Preview
Component | Item | Year 2021 | Year 2022 | Year 2023 | Year 2024 | Year 2025 | Year 2026 | Year 2027 | Year 2028 | Year 2029 | Year 2030 | Year 2031 | Year 2032 | Unnamed: 14 | Unnamed: 15 | Unnamed: 16 | Unnamed: 17 | Unnamed: 18 | Unnamed: 19 |
Gross Domestic Product (GDP) | Nominal billion dollars | 22997.5 | 25135.4 | 26529.1 | 27531.2 | 28525.2 | 29516.8 | 30613.8 | 31788.4 | 33032.1 | 34322.7 | 35654.3 | 37026.3 | ||||||
Gross Domestic Product (GDP) | Real 2015 chain-weighted dollars | 20313.261459999998 | 20948.16821 | 21503.52855 | 21833.86673 | 22152.16615 | 22450.78698 | 22817.54955 | 23228.192030000002 | 23664.45059 | 24110.43548 | 24562.78988 | 25014.02374 | ||||||
Gross Domestic Product (GDP) | Percent change | 5.656134756 | 3.125577624 | 2.65111646 | 1.536204533 | 1.457824335 | 1.34804346 | 1.633629035 | 1.799678246 | 1.878142552 | 1.8846196830000002 | 1.8761768019999998 | 1.837062758 | ||||||
Disposable personal income | Nominal billion dollars | 18507.62 | 18573.24 | 19512.96 | 20440.78 | 21299.94 | 22149.13 | 23007.85 | 23894.3 | 24814.89 | 25769.72 | 26766.15 | 27803.89 | ||||||
Disposable personal income | Percent change | 6.170254508999999 | 0.35455666399999997 | 5.05953727 | 4.754891108 | 4.203166415 | 3.986818742 | 3.876992008 | 3.8528154519999998 | 3.852759863 | 3.84781073 | 3.866669875 | 3.877061139 | ||||||
Disposable personal income | Nominal per capita, dollars | 55971.47264 | 55779.70386 | 58201.08687000001 | 60558.724220000004 | 62687.80033 | 64764.334879999995 | 66848.09939 | 68992.91284 | 71217.45027 | 73521.95125 | 75927.2011 | 78431.86829 | ||||||
Disposable personal income | Percent change | 5.868094632999999 | -0.342618795 | 4.340975035 | 4.05084762 | 3.5157215410000004 | 3.312501853 | 3.2174568239999997 | 3.208488301 | 3.22429847 | 3.2358656010000004 | 3.27147173 | 3.298774559 | ||||||
Real 2015 chain-weighted dollars | 16347.434459999999 | 15479.178999999998 | 15816.49933 | 16210.745130000001 | 16541.15694 | 16846.86007 | 17148.5656 | 17459.8718 | 17777.57812 | 18102.28133 | 18439.60808 | 18783.59881 | |||||||
Real 2015 chain-weighted dollars | Percent change | 1.914125646 | -5.311264381 | 2.179187503 | 2.492623626 | 2.038227141 | 1.848136351 | 1.790870961 | 1.8153483609999999 | 1.819637177 | 1.8264760690000001 | 1.863448819 | 1.8654991490000001 | ||||||
Real 2015 chain-weighted dollars | Real per capita, 2015 chained dollars | 49438.55453 | 46487.52831 | 47175.69511 | 48026.643 | 48682.23776 | 49260.43087 | 49824.256389999995 | 50414.00724 | 51020.72931 | 51646.46901 | 52307.40434 | 52986.56942 |