In 2023, US maize production stood at approximately 393 million metric tons. The forecasted data suggest steady growth from 2024 to 2028, with production rising from 399.61 to 421.76 million metric tons. The year-on-year growth rate shows a consistent increase of around 1.4% to 1.6% annually. Over the five-year forecast period, the Compound Annual Growth Rate (CAGR) would be approximately 1.35%, indicating moderately consistent growth.
Future trends to watch for:
- Technological advancements in agriculture improving yield efficiency.
- Impact of climate change on crop production variability.
- Shifts in domestic and international demand affecting production levels.
- Policy changes related to biofuel production and subsidies impacting maize utilization.