NEWS
USDA Releases 10-Year Baseline
Katie Micik DTN Markets Editor
Thu Feb 13, 2014 01:25 PM CST

OMAHA (DTN) -- USDA expects U.S. crop prices to decline in the near term but remain above 2007 levels over the next decade, according to its annual baseline projections.

"In the near term, the agricultural sector continues to respond to high prices for many farm commodities in recent years. Global agricultural production of most major crops remains higher, for example, and prices initially fall," the report stated.

"Following those near-term adjustments, long-run developments for global agriculture reflect steady world economic growth and continued global demand for biofuels. Those factors combine to support longer-run increases in consumption, trade and prices of ...

Quick View
  • Enlist Cotton Approved USDA has made its final decision to deregulate Dow AgroScience's Enlist cotton trait, which means...
  • Market Moves Weaning and preconditioning top the list of aggravating and expensive chores for most ranchers. C...
  • Ask The Mechanic Ask the Mechanic answers the question about how VW and German engineering was able to get by with...
  • Batten Down the Hatches Purdue economists forecast multiple years of negative or narrow margins for corn and soybean prod...
  • PNW Ag Hit by Historic Drought In addition to problems with the Northwestern wheat crop, cattle are also being adversely affecte...
  • RFS Deadline Nears With the deadline to file comments on the proposed Renewable Fuel Standard volumes to strike at m...
  • Woodbury: Farm Family Business Agendas don't always lead to immediate decisions, but can still cement your family unity.
  • Multi-Year Losses Spur Concern The recent price rally offered growers a welcome opportunity to price 2014 and 2015 crops, but it...
  • Ask the Vet The vet says my calf had Mannheimia. What is that?
Related News Stories
DTN Daily Basis Comments
DTN Plains, Prairies Closing Comments
DTN's Grain Quick Takes
DTN Daily Feedstuffs Comments
View From the Cab
DTN Plains & Prairies Opening Comments
Exporters Report Sorghum Sale
DTN Plains, Prairies Closing Comments
DTN Daily Feedstuffs Comments
Soy Inspections Bullish