Forecast: Agriculture, Forestry and Fishing Value Added in the US

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.

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