Source: Keith Good, FARM PLICY NEWS, UNIV. OF ILLINOIS, 11/4/18


On Friday, the USDA’s Office of the Chief Economist (OCE) released selected tables prepared for the Department’s upcoming Agricultural Baseline Projections report.  In part, the tables demonstrated that, “USDA estimated 82.5 million acres of soybean plantings for the spring of 2019, down from 89.1 million acres this year.”

Background
Friday’s OCE update explained that, “USDA’s long-term agricultural projections are a departmental consensus on a long-run representative scenario for the agricultural sector for the next decade.

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