The production volumes of Agriculture, Hunting, and Forestry in the US are projected to grow from $525.49 billion in 2024 to $546.5 billion by 2028. This reflects a consistent year-on-year growth of approximately 1-2% annually. In 2023, the actual production value was slightly below, indicating a stable upward trajectory. The compound annual growth rate (CAGR) for the five-year period is about 1.95%, showing a robust positive trend in the sector.
Future trends to monitor include:
- Technological advancements influencing productivity.
- Policy changes impacting sustainability and resource management.
- Market demands emphasizing organic and eco-friendly products.
