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Long Term Projections for International Agriculture to 2005

Author

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  • Commercial Agriculture Division

Abstract

This report provides long-term projections for international supply, demand, and trade for major agricultural commodities to 2005. It is intended as a companion report to Long-term Agricultural Projections to 2005 (WAOB-96-1), by providing the foreign country detail supporting those projections. Projections of strong global economic growth, particularly in developing countries, combined with freer foreign markets and the emergence of China as a major bulk commodity market, support strong projected gains in U.S. farm exports. The value of total U.S. agricultural exports is projected to rise from $54.2 billion in FY 1995 to nearly $80 billion in 2005. The projections are a conditional scenario, assuming the continuation of 1990 U.S. farm legislation, no shocks, average weather, and specific macroeconomic and foreign country policy assumptions. The projections were completed based on information available as of January 1996 and reflect a composite of model results and analyst judgment.

Suggested Citation

  • Commercial Agriculture Division, 1996. "Long Term Projections for International Agriculture to 2005," Staff Reports 278810, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278810
    DOI: 10.22004/ag.econ.278810
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