The Accuracy and Informativeness of Agricultural Baselines

May 04, 2021

By Siddhartha Bora

United States Department of Agriculture (USDA) and Food and Agricultural Policy Research Institute (FAPRI), University of Missouri are two main sources of baseline projections for US agricultural sector. Published in the beginning of each year, the baselines provide insight about factors influencing the agricultural sector for the next decade. The projections present a conditional scenario based on certain assumptions about macro-economy, weather, and trade, and serve a basis for comparison of alternative policies. In a new study, we evaluate the accuracy and informativeness of USDA and FAPRI baselines since 1997. We find that the predictive content of most variables in the projections diminish after 4-5 years from the current year, and the USDA and FAPRI models do not outperform one another when entire projection path is considered.

The report is available at: https://aede.osu.edu/sites/aede/files/publication_files/AgBaselines2021.pdf

Source : osu.edu

Video: Inside the World’s Largest Hemp Processing Line – How Fiber & Hempcrete Are Made

Inside the World’s Largest Hemp Processing Line – How Fiber & Hempcrete Are Made – Let's Dive In!

as we dive into an extraordinary journey inside some of the world’s most advanced hemp processing facilities — where millions of tons of raw hemp are transformed into high-value fiber, hurd, and sustainable hempcrete. This documentary uncovers the full production line, from harvesting freshly grown hemp to refining it into materials ready for construction, textiles, and next-generation green technology.

Engage with Us: Curious about hemp processing or the future of bio-materials? Share your questions in the comments, hit the like button, and subscribe to Agriculture Insight for more in-depth documentaries on global agricultural production!

Watch now to experience the massive scale and cutting-edge engineering behind modern hemp processing. Agriculture Insight takes you deep inside the operations of large-scale hemp facilities, highlighting the innovations shaping the future of sustainable industry.