COMPREHENSIVE FORECASTING AND PROJECTION MODELS IN THE ECONOMIC RESEARCH SERVICE
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ERS provides economic information on the near-term agricultural
outlook and on longrun projections. Here is an overview of
efforts to improve such information through comprehensive
quantitative models. The various models incorporate intercommodity
relationships within agriculture, aggregate farm price and
income levels, interactions between the farm and nonfarm economies,
natural resources, environmental considerations, and foreign
markets.