USDA issues long-term crop, livestock forecast

Published February 12, 2013 12:32am ET



OMAHA, Neb. (AP) — The U.S. Department of Agriculture predicted strong growth in crop and livestock production in its 10-year forecast released Monday, but it cautioned that those projections were based on assumptions, such as a return to normal weather patterns, that some believe are unlikely.

The 105-page annual report provides a lookahead at nearly every major agricultural product, from barley and beef to staples like corn and soybeans. Unsurprisingly, it predicted strong growth in demand for food because of world population growth and an expected increase in incomes in developing nations.

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