WASHINGTON, D.C. -- The USDA will release new 10-year agricultural projections tomorrow, Feb. 14, at noon EST.

"USDA Agricultural Projections to 2016" will be released Feb. 14 in electronic form on the Office of the Chief Economist Web site: www.usda.gov/oce. USDA publishes the projections each year in February.



The new projections cover agricultural crop and livestock commodities, agricultural trade and aggregate indicators such as farm income and food prices through 2016. 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 2002 Farm Bill are incorporated into the projections and are assumed to remain in effect through 2016. Normal weather is also assumed throughout the projection period.



The full report will be available in printed form March 1 at the USDA Agricultural Outlook Forum in Arlington, Va. For conference details, go to: www.usda.gov/oce/forum.)



Or copies can be ordered from the National Technical Information Service at www.ntis.gov or 1-800-999-6779. Request document OCE-2007-1.

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.



Background on USDA's long-term projections and past issues of the report are available at the ERS Web site: www.ers.usda.gov/briefing/projections.



SOURCE: USDA news release.