The forecast for sorghum payments in the US shows a consistent increase from 2024 to 2028, with values evolving from 53.99 million euros to 59.74 million euros. In 2023, the actual payments stood at an estimated value, suggesting a gradual growth trajectory. Year-on-year variations highlight a steady annual growth rate: 2.83% in 2025, 2.68% in 2026, 2.48% in 2027, and 2.32% in 2028. The Compound Annual Growth Rate (CAGR) for this period is approximately 2.55%, indicating a positive upward trend over five years.
Future trends to watch for include:
- Impact of climate change and environmental policies on sorghum production.
- Technological advancements and their influence on yield efficiency.
- Market demand fluctuations due to alternative grain preferences.
- Government policies affecting agricultural subsidies and trade agreements.
