In 2023, the Agriculture, Forestry, and Fishing sector in the US stood at an unspecified value, and projections until 2028 suggest modest stability. From 2024 to 2028, the sector's value-added is forecasted to maintain a slight decrease from $1.28 to $1.27. This indicates a less than 1% year-on-year change, showcasing a period of stability with minor fluctuations. The Compound Annual Growth Rate (CAGR) over five years reflects minimal change.
Future trends to watch for include:
- The impact of climate change on agriculture productivity.
- Adoption of technological advancements, like precision agriculture.
- Shifts in consumer preferences towards sustainable and organic products.
- Policy changes in subsidies and trade agreements affecting the agriculture sector.