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2024 Baseline Update for U.S. Agricultural Markets

August 29, 2024

FAPRI-MU Report #03-24: This report, based on information available in mid‐August 2024, updates the 2024 FAPRI baseline outlook released earlier this year. Crop production in 2024 is assumed to equal the values reported by USDA in its August Crop Production report and macroeconomic assumptions are based on July 2024 forecasts by S&P Global. Current government policies are assumed to continue.

The Excel tables are available here.


Our March 2024 baseline publication can be found here.