Forecast: Value Added of Crop and Animal Production, Hunting and Related Service Activities in the US

As of 2023, the value added of crop and animal production, hunting, and related service activities in the US stood at 170.75 billion USD. The forecast from 2024 to 2028 shows a steady year-on-year increase, with the value projected to reach 175.3 billion USD by 2028. This represents a compound annual growth rate (CAGR) of approximately 0.7%. The trend indicates a modest but consistent rise in the industry's value added over the forecast period.

Future trends to watch for include:

  • Technological advancements in agriculture potentially boosting efficiency and production output.
  • The impact of climate change and environmental policies on farming practices and costs.
  • Shifting consumer preferences towards sustainable and organic products.
  • Changes in trade policies affecting export and import dynamics in the agriculture sector.

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