摘要:My presentation this morning will cover the prospects for the domestic agriculturaleconomy in the upcoming year. I will be followed by Under Secretary Schumacher who willfocus on foreign agricultural developments. Together, our presentations will provide a generalview of how the U.S. has and is expected to fare in the global market. Of course, the real meatof the implications for agriculture will be developed over the next two days in the many sessionsof this forum. Consequently, over the next few minutes I will concentrate on what I believe arethe most important developments to watch in 1998. I want to cover three areas: first, themacroeconomy; second, a few commodity market highlights; and finally, the implications foroverall economic performance of agriculture.