The U.S. Department of Agriculture is scheduledtorelease informationthisweek that includes long-term supply, use and price projections to 2031 for major U.S. crops and livestock products. Presented in a table format, the infor- mation is sourced from short-term fore- casts from the Oct. 12World Agricultural Supply and Demand Estimates report as the starting point. The agency will re- lease the complete “USDA Agricultural Projections to 2031” report in February The projections reflect a conditional, long-run scenario that is based on specific assumptions about macroeconomic con- ditions, policy, weather, and international developments,withnodomesticorexternal shocks to global agricultural markets. The Agricultural Act of 2018 is assumed to re- mainineffectthroughtheprojectionperiod. Theprice-projection tableswill bepost- ed inMicrosoft Excel to thewebsites of the Office of theChief Economist website and the Economic Research Service. USDA supply projections difficult amid pandemic and the document includes a discussion of the commodity supply and use projec- tions, and projections for farm income and global commodity trade. Last year, in its “Agricultural Projections to 2030” report, the USDA said the COVID-19 pandemicmakes such projec- tions difficult. “The COVID-19 pandemic introduces greater than normal uncertainty into the macroeconomic assumptions underlying the USDA agricultural projections,” that report said. “The economic impact of the pandemic is unprecedented in recent his- tory, and the path to controlling the pan- demic and ensuing economic recovery cannot be knownwith certainty.” USDA’s long-term agricultural projec- tions represent a departmental consensus ona10-year representativescenariofor the agricultural sector. Theyareacompositeof model results and judgment-based anal- yses, coveringAugust throughFebruary.
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Belkorp Ag, LLC Merced, CA Modesto, CA Santa Rosa, CA Stockton, CA
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Cal-Coast Machinery, Inc. Oxnard, CA
Paso Robles, CA Santa Maria, CA
Reduce crop and root damage with high-crop axle clearance. Travel as slow as you need with a creeper transmission in a tractor that’s easy for any operator to use. The John Deere 6120EH High-Crop Tractor is your complete solution. Clear your crop in comfort with the John Deere 6155MH High-Crop Tractor. You’ll get the crop clearance you need in a comfortable, customizable cab. Whether you’re a sugar cane or high-value crop producer the 6155MH gives you everything you need and nothing you don’t.
Fresno Equipment Co. Fresno, CA
Lawrence Tractor Co., Inc. Hanford, CA
Tipton, CA Visalia, CA
Thomason Tractor Co. of CA Firebaugh, CA Valley Truck and Tractor Inc Chico, CA
Colusa, CA Dixon, CA Gridley, CA Robbins, CA Willows, CA Woodland, CA Yuba City, CA
Learn more at JohnDeere.com/Specialty or contact your John Deere dealer.
10 Ag Alert November 3, 2021
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