Contents

Preface

USDA Agricultural Projections to 2020(

Abstract

Introduction and Projections Overview

Key Assumptions and Implications

Major Assumptions Underlying the Projections and Selected Implications Include

Economic Growth

Population

The Value of the U.S. Dollar

Oil Prices

U.S. Agricultural Policy

U.S. Biofuels

Livestock and Meat Trade

International Policy

International Biofuels

Prices

Macroeconomic Assumptions

Agricultural Implications

Agricultural Trade

Historical Background for Trade Projections

Trade Projections Overview

U.S. Crops

U.S. Livestock

U.S. Agricultural Sector Aggregate Indicators

Farm Income, U.S. Trade Value, Food Prices, and Food Expenditures

U.S. Agricultural Trade: Trends, Composition, Direction, and Policy(

U.S. Agricultural Exports, Imports, and Trade Balance

Shares of U.S. Crop Production Exported: Selected Commodities

Shares of U.S. Livestock Products Exported: Selected Commodities

Composition of U.S. Agricultural Exports: Major Commodity Components

Composition of U.S. Agricultural Exports: Bulk, Consumer-Ready, and Intermediate Product Exports

Major Country Markets for U.S. Agricultural Exports

World Export Market Shares: Crops

World Market Shares: Livestock and Dairy

World Market Shares: Sugar

Major U.S. Agricultural Imports

U.S. Agricultural Imports by Country of Origin

Regional Market Growth in U.S. Agricultural Exports

Growth in U.S. Agricultural Exports to Asian Markets

Growth in Agricultural Exports to North and South America

U.S. Agricultural and Trade Policies

Domestic Support

Trade Measures

Food Aid

End Notes

Index