| definition |
- The World Agricultural Outlook Board (WAOB), reviews, and approves the
Department's commodity and farm sector forecasts. The World Agricultural
Outlook Board (WAOB) was created in 1977 to serve as the focal point for
economic intelligence on the outlook for U.S. and world agriculture. Prior to
1977, responsibility for USDA's food and fiber outlook information was
fragmented among several agencies. While these agencies' missions did not
change, the Board was created to coordinate USDA's outlook analysis and assure
its accuracy, timeliness and objectivity. The Board also makes sure that this
essential information quickly reaches farmers, policymakers and the public. The
Board is a unit of the Office of the Chief Economist of USDA.
Website: "http://www.usda.gov/agency/oce/waob/"
[Summary provided by the USDA.]
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