USDA
type: Concept

USDA/OCE/WAOB
type: Concept
in scheme: providers
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.]