The United States Department of Agriculture (USDA) has released the baseline projections about the U.S. agricultural sector for the next ten years (until 2031/32). In this report, The Farm Income Enhancement Program fills an important gap in literature by examining the accuracy and informativeness of the baselines.
Accuracy in USDA International Baseline Projections for the U.S. Compared to Other Global Leaders in Corn and Soybeans
This report previews the changes in the latest U.S. projections for corn and soybeans (from the USDA Agricultural Baseline Projections), and presents statistics on the historical scale of accuracy in the projections for the same two crops. This is followed by a brief examination of trends that may be increasing or decreasing that accuracy in various variables.
As nations transition away from coal, regions and communities must adapt. By analyzing communities that have already experienced an energy transition, policymakers can better support other communities that face similar future challenges. The purpose of this study is to assess factors that contribute to more successful community adaption after coal transition. A key goal is to address open questions about why some communities perform better than others and to inform best practices to promote a more “just transition” as market realities and policies to mitigate climate-change spur adaptation...
Article evaluates adoption by United States of "power-based" bargaining in trade negotiations.
This article, presents some statistics on the current level of employment in two broad sections of the agricultural product value chain: food processing and food service, with a brief examination of the much smaller on-farm labor market. In addition, it provides a summary of the factors that are either pushing people out of employment in this sector or that are pulling people towards alternative uses of their time.
This short article discusses changes in the unemployment rate in Ohio, broken down by important categories: first, the unemployment rate over time, followed by the unemployment rate by metro versus non-metro counties in the state and then by sector nationally. Following these data-driven comparisons, there is a brief discussion of what the unemployment rate means and how it is calculated, with a particular emphasis on who is not captured by this metric. Finally, the role unemployment benefits play in keeping people unemployed has long been an open question, and the pandemic relief payments,...
Every year, the United States Department of Agriculture (USDA) and the Organization for Economic Co-operation and Development (OECD) release their annual projections for agricultural commodity markets (USDA ERS (2021),OECD/FAO (2021)). These reports are useful for forward-looking policy analysis as well as planning. This marketing year, both agencies have made their projections assuming that the economy will begin recovering from the pandemic. However, the OECD baseline projections seem to be significantly more optimistic than the USDA projections for two major crops grown in Ohio: corn and...
This report provides background information to the presentation at the Ask the Expert session at the Farm Science Review, organized by The Ohio State University, which was held on September 21, 2021. This report addresses questions on farm sector forecasts and financial stress faced by farmers in US and Ohio during 2021 and an outlook for the future years.
The United States Department of Agriculture (USDA) has released its revised forecasts of US farm income for 2021 on September 2, 2021 (U.S. Department of Agriculture 2021).
The World Supply and Demand Estimates (WASDE) reports provide supply and demand forecasts of agricultural commodities. The WASDE report of August 2021 was released earlier this month by the U.S. Department of Agriculture (USDA). For decades, the WASDE reports have been the primary source of public projection information in the agricultural sector due to their policy relevance and market influence. Approaching harvest and following the start of the new marketing year, this month’s WASDE report is of primary importance.