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Abstract
This report provides projections for the agricultural sector to 2035. Projections cover agricultural commodities, agricultural trade, and aggregate indicators of the sector, such as farm income. The projections are based on specific assumptions, including a macroeconomic scenario, existing U.S. policy, and current international agreements. Provisions of the Agriculture Improvement Act of 2018, as extended and revised in the One Big Beautiful Bill Act (OBBBA, H.R.1) of July 2025 are assumed to remain in effect through the projection period. The projections are one representative scenario for the agricultural sector and reflect a composite of model results and judgment-based analyses. The projections in this report were prepared using data through the November 2025 World Agricultural Supply and Demand Estimates (WASDE) report, except where noted otherwise. Macroeconomic assumptions were completed in September 2025. The analysis of the international baseline projections for global trade to 2035 was not conducted in 2026 and will not be published.