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Abstract

This report provides baseline projections for international supply, demand, and trade for major agricultural commodities to 2007. It is a companion report to USDA Agricultural Baseline Projections, providing the foreign country details supporting those projections. Projections of strong global economic growth, particularly in developing countries, combined with more open foreign markets and the emergence of China as a major bulk commodity importer, support strong projected gains in U.S. farm exports. The value of total U.S. agricultural exports is projected to rise from a record $57.3 billion in FY 1997 to nearly $85 billion in 2007. The projections were completed based on information available as of December 1997, and reflect a composite of model results and analyst judgment.

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