- Agricultural Commodity Prices 2016
- US Long Range Weather Forecast 2016
- 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 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.
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 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, 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 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.
About this Dataset
John Snow Labs; United States Department of Agriculture (USDA);
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United States Department of Agriculture (USDA), Release 2016.
US Agricultural Projections, Projections for Major Commodities, USDA Agricultural Projections, US Macroeconomic Conditions, US Agricultural Supply and Demand Report
Agricultural Commodity Prices 2016, US Long Range Weather Forecast 2016
|Component||Component of a list||string||-|
|Item||List of agricultural sector||string||-|
|Year_2018||Project amount in year 2018||number||level : Ratio|
|Year_2019||Project amount in year 2019||number||level : Ratio|
|Year_2020||Project amount in year 2020||number||level : Ratio|
|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|
|Component||Item||Year 2018||Year 2019||Year 2020||Year 2021||Year 2022||Year 2023||Year 2024||Year 2025||Year 2026||Year 2027||Year 2028||Year 2029|
|Gross Domestic Product||Nominal, billion dollars||20494.1||21447.2708||22291.86433||23101.50484||23964.11503||24883.30659||25868.414630000003||26924.50763||27982.64713||29083.8945||30229.3037||31420.502060000003|
|Gross Domestic Product||Real, billion 2010 chain-weighted dollars||17844.278440000002||18290.3854||18637.90272||18936.10917||19258.02302||19585.40941||19941.99648||20329.22627||20713.891819999997||21106.94103||21508.0337||21917.222319999997|
|Gross Domestic Product||percent change||2.9||2.5||1.9||1.6||1.7||1.7||1.820677097||1.941780476||1.89218||1.897515||1.9002880000000002||1.9024919999999998|
|Disposable personal income||Nominal, billion dollars||15521.8||16220.281||16885.31252||17526.9544||18228.03257||18993.609940000002||19791.34156||20622.5779||21468.1036||22348.29585||23264.575969999998||24218.423590000002|
|Disposable personal income||percent change||4.9||4.5||4.1||3.8||4.0||4.2||4.2||4.2||4.1||4.1||4.1||4.1|
|Nominal per capita, dollars||47404.0||49112.332669999996||50761.67413||52319.57921||54034.28145||55918.65497||57875.68117||59908.602589999995||61960.40648||64091.242620000005||66305.02283999999||68605.87746|
|Nominal per capita, dollars||percent change||4.3||3.603773256||3.358304047||3.069057726||3.2773624389999996||3.48736667||3.499773367||3.512565871||3.4248902539999997||3.439028664||3.4541071960000003||3.47010606|
|Real, billion 2010 chain-weighted dollars||13783.413369999998||14114.21529||14410.613809999999||14670.00486||14963.40495||15277.63646||15598.46682||15926.034630000002||16260.48135||16601.95146||16950.59244||17306.55489|
|Real, billion 2010 chain-weighted dollars||percent change||2.8||2.4||2.1||1.8||2.0||2.1||2.1||2.1||2.1||2.1||2.1||2.1|
|Real per capita, 2010 chain-wighted dollars||42036.0||42735.513439999995||43322.08132||43791.320719999996||44356.780230000004||44978.54197||45614.48702||46265.14123||46930.3695||47611.67055||48309.90345||49025.956589999994|