USDA Long-Term Macroeconomic Outlook—These macroeconomic assumptions underlie USDA's 10-year baseline projections. Economic growth, inflation, and exchange rates in the United States and other countries influence the long-term outlook for U.S. agriculture. |
Macroeconomics and Agriculture—Changes in the macroeconomy have major effects on agriculture. International and domestic macroeconomic shocks can cause major changes in the values of exchange rates, consumer income, rural employment, and interest rates resulting in changes in a country's agricultural prices, production, consumption, and trade. |
