USDA Projections, Forecasts, and Estimates
USDA presents an initial assessment of U.S. crop supply
and demand prospects and U.S. prices for the coming crop
marketing year. When spring planting is still underway,
planted acreage is from USDA’s National
Agricultural Statistics Service (NASS) Prospective
Plantings report issued in late March. Other items are
projected by the appropriate Interagency Commodity Estimates
Committee until actual numbers are available. However,
after planting and substantial plant development, NASS
estimates planted acres and forecasts harvested acreage,
yields, and production. After harvest, NASS estimates harvested
acres, yields, and production.
World
Agricultural Supply and Demand Estimates (WASDE),
released by USDA’s World
Agricultural Outlook Board , provides USDA's comprehensive
forecasts of supply and demand for major U.S. and global
crops and U.S. livestock. The report gathers information
from a number of statistical reports published by USDA
and other government agencies, and provides a framework
for additional USDA reports.
For more information on USDA’s process for making
short- and long-term forecasts, see Understanding
USDA Crop Forecasts, How
the WASDE Report Is Prepared, and USDA
Outlook Process.
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