Baseline update for U.S. agricultural markets

This report presents an update to the 2020 US Agricultural Market Outlook The outbreak of COVID-19, as well as US government response to the outbreak, continues to impact agricultural markets, disrupting supply chains, shifting consumer demand and expanding government outlays Outcomes of the analysis pertain to total spending on farm support and other conservation programs, farm income, projected developments and expansions, prices, and consumption Presented data include macroeconomic and policy assumptions as well as the supply and use of various commodities such as corn, soybean, wheat, upland cotton, rice, poultry, and biomass-based diesel among others