Special Notice: Because of budget constraints, FAPRI did not develop a joint 2012 baseline with colleagues at the University of Missouri or other institutions. However, FAPRI-ISU developed a separate Outlook, available as the FAPRI-ISU 2012 World Agricultural Outlook.
Please note that the Outlook is based on data from November 2011 and does not include the U.S. drought experienced this year. Additionally, the dairy outlook is not available this year.
Published by the Food and Agricultural Policy Research Institute with centers at Iowa State University, Ames, and the University of Missouri, Columbia.
This publication contains recent baseline projections from the Food and Agricultural Policy Research Institute (FAPRI) for the U.S. agricultural sector and international commodity markets.
These projections serve as a baseline for evaluating and comparing alternative macroeconomic, policy, weather, and technological scenarios.
Material in this publication is based upon work supported by the National Institute of Food and Agriculture, U.S. Department of Agriculture.
Any opinions, findings, conclusions, or recommendations expressed in this publication are those of the authors and do not necessarily reflect the view of the U.S. Department of Agriculture or that of other supporting institutions.
Permission is granted to reproduce this information with appropriate attribution to the authors and the Food and Agricultural Policy Research Institute.
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