2023 U.S. Agricultural Market Outlook
March 29, 2023
10-Year Outlook (March 2023)
FAPRI-MU Report #02-23 presents a summary of 10-year baseline projections for U.S. agricultural markets, farm program spending, farm income and a variety of other indicators. Microsoft Excel Tables include historical data for crops, biofuels and aggregate indicators.
A news release is available.
Additional information is available from FAPRI-MU collaborators (check back for specific document links as they become available):
- Agricultural Markets and Policy Group (AMAP) at the University of Missouri: Provides U.S. dairy and livestock baseline tables.
- University of Nevada, Reno: Provides international crops projections (Click on the “International Crops Baseline” for recent reports).
- Agricultural and Food Policy Center at Texas A&M University (AFPC): Provides a companion set of estimates of the farm-level impacts of these projections.
- Global Rice Marketing and Research Policy Group at the University of Arkansas: Provides the global rice projections.
- The International Center for Agricultural Competitiveness at Texas Tech University: Provides the global cotton outlook.
Outlook Update (September 2023)
FAPRI-MU Report #03-23: This report, based on information available in mid‐August 2023, updates the 2023 FAPRI baseline outlook released earlier this year. Crop production in 2023 is assumed to equal the values reported by USDA in its August Crop Production report and macroeconomic assumptions are based on July 2023 forecasts by S&P Global. Current government policies are assumed to continue.
For expert comment
The Food and Agricultural Policy Research Institute (FAPRI) at the University of Missouri seeks to provide objective analysis of issues related to agricultural markets and policies. FAPRI has developed a state, national and international reputation as a reliable source of information and analysis on everything from farm commodity market outlook to the impacts of farm bills, trade disputes and biofuel policies. FAPRI is best known for its projections for the farm economy.
Economists with the Food and Agricultural Policy Research Institute (FAPRI) and the Agricultural Markets and Policy (AMAP) team release an annual U.S. Agricultural Market Outlook report each spring. The report gives policymakers, farmers, agribusinesses and the public an overview of the state of the U.S. farm economy. The market projections it contains can be useful to farmers making production choices, to policymakers trying to decide how to respond to agriculture issues, to lenders who must decide whether to make loans and to agribusinesses making investment decisions.
Contact:
Pat Westhoff
FAPRI Director and Howard Cowden Professor
westhoffp@missouri.edu
573-882-4647