The forecast for the Gross Value Added (GVA) in Agriculture, Forestry, and Seafood in the US from 2024 to 2028 indicates marginal decline. In 2024, the change over the previous year is noted at 1.26, decreasing uniformly to 1.24 by 2028. This slight downward trend suggests a stagnant or slightly decreasing growth environment for the industry, with each subsequent year reflecting a subtle drop in value.
Given the context of 2023 as the base, it's important to consider that this is a projected data series, implying potential updates to forecasts as new economic or environmental conditions develop.
Future trends to watch include:
- Sustainability initiatives and their impact on agricultural practices
- The influence of climate change on crop yields and forestry operations
- Technological advancements in farming efficiency and seafood cultivation
- Policy shifts impacting trade and environmental regulation
