USDA will release new 10-year agricultural projections on Thursday here. The outlook is updated and released every February. The report will be also available in printed form Feb. 18-19 at USDA's 2010 Agricultural Outlook Forum in Arlington, Va.
The long-term projections are developed by interagency committees in USDA, with the Economic Research Service having the lead role in the preparation of the report. The new projections cover agricultural crop and livestock commodities, agricultural trade and aggregate indicators such as farm income and food prices through 2019.
The projections do not represent a USDA forecast, but a conditional, long-run scenario based on specific assumptions about farm policy, the weather, the economy and international developments. Provisions of the 2008 Farm Act are incorporated into the projections and are assumed to remain in effect through 2019. Normal weather also is assumed throughout the projection period.
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