Quarterly Forecasting Model for U.S. Agriculture: Subsector Models for Corn, Wheat, Soybeans, Cattle, Hogs, and Poultry

摘要

A newly developed econometric model for the U.S. agriculture sector is used in outlook and policy analysis. It provides quarterly forecasts for major agricultural commodities and is used in impact analysis where alternative scenarios are simulated and compared with the model's base forecast. Subsector models have been completed for six commodities (corn, wheat, soybeans, cattle, hogs, and poultry) chosen because of their importance in cross-commodity linkages within the agriculture sector. Although relatively small, the agriculture model described in this report is large enough to help identify links within the agriculture sector and links with other sectors.