The Food and Agricultural Policy Research Institute (FAPRI) develops a long-term outlook for world agriculture each year. In July or August of each year, the FAPRI analysts complete work on models that will be used for the outlook. Each fall, the FAPRI consortium of universities meets to discuss important assumptions that will be a part of the outlook. Macroeconomic assumptions and policy assumptions are agreed upon at that time. A preliminary baseline is then done in November and is published in the FAPRI Rainbow Book.