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Wednesday, February 17, 2021

USDA Outlook Forum This Week

USDA's Annual Outlook Forum will be held February 18-19, with the 97th version of the annual even virtual for the first time in its history.

The theme is Building on Innovation: A Pathway to Resilience.

It will be interesting to see if USDA-designate Tom Vilsack makes an appearance at the event since his confirmation vote in the U.S. Senate is now set for February 23.

The first day of the forum will still focus on the overall U.S. agricultural economic and acreage prospects for the 2021/22 season, with the updated forecast for U.S. agricultural exports for Fiscal Year (FY) 2021 due out Thursday morning.

The Friday focus will be on the detailed balance sheets for U.S. crops and livestock from USDA analysts, offering and update to the Agricultural Projections to 2030 data released late last fall.

Plus, some veteran agriculture folks will open the Friday portion of the program, including Chuck Conner (National Council of Farmer Cooperatives), Zippy Duvall (American Farm Bureau Federation), Krysta Harden (U.S. Dairy Export Council) and Rob Larew (National Farmers Union) who will address “Hot Topics in Food and Agriculture.”