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January 1976

Food Production and Prices—Perspective and Outlook

by Clifton B. Luttrell

The United States Department of Agriculture (USDA) provides an annual appraisal of the outlook for food prices and consumption. The outlook for 1976 was presented at the National Agricultural Outlook Conference, Washington, D.C., November 17-20, 1975. This article discusses the outlook as presented by the USDA within the context of some recent food industry developments which had a major impact on food prices.