« Greenville, Ohio, Ethanol Plant Begins Production | Home | Organic Fuel Alternatives Explored »
Farm Economy Boom Projected To Continue
By Mr Ethanol | February 13, 2008
Feedstuffs:
USDA’s annual 10-year agricultural baseline projections were released today in advance of the agency’s Agricultural Outlook Forum which will be held Feb. 21-22 in Arlington, Va.
The “baseline” projections are “not 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,” according to the announcement from USDA’s Office of the Chief Economist. 
The report covers projections for agricultural crop and livestock commodities, agricultural trade and aggregate indicators such as farm income and food prices through 2017. The baseline report, “USDA Agricultural Projections to 2017,” is online at www.ers.usda.gov/Briefing/Baseline/present2008.htm.
USDA economists are projecting “steady domestic and international economic growth” through 2017 fueled by “gains in consumption, trade, and prices of agricultural products.” Farm income is projected to “reach record levels by 2011″ after a decline in the near term from the highs of 2007-08, according to the USDA 10-year economic projections released today. The report reflects “continued high crude oil prices and increased demand for biofuels, particularly in the United States and the EU.” Continue reading…
Topics: Agriculture, Ethanol, News |
Related Posts
- Ethanol Could Be The Answer
- Is The Ethanol Boom Over?
- Farm Equipment Makers Eye Farm Bill Impacts
- Ethanol: Too Much, Too Soon?
- Midwestern Towns Missing Ethanol Boom
- Effects Of The Biofuel Boom
- Early Move On Ethanol Pays Off For Distributor Of Farm Produce
- Ethanol Boom, Rising Prices Divide Corn Lobby
- Biofuel Advocates Want To Loosen Rules For Farm Credit
- Going Green’s No Good For Gas Prices
New Way Of Making Easy Money Online