In 2023, millet production in the US was recorded at 272.13 thousand metric tons. Forecasts from 2024 to 2028 indicate a gradual downward trend in millet production, with an anticipated decrease from 269.17 to 258.10 thousand metric tons. Year-on-year percentage changes show a consistent decline, reflecting a trend towards reduced production levels. The compound annual growth rate (CAGR) over this five-year forecast is negative, underscoring the continuation of this decline.
Future trends to watch for:
- Impact of climate change on US millet yields and adaption measures.
- Shifts in consumer demand towards millet and related grains.
- Policy adjustments impacting agricultural subsidies or incentives for cereal grain production.