The forecasted data for self-employed individuals in the US agricultural products and livestock sector indicates a gradual decline from 664,000 persons in 2024 to 652,000 by 2028. Compared to 2023, which had 670,000 persons, this reflects a consistent downward trend. The year-over-year decline is about 0.45% in 2024, indicative of a shrinking sector, likely due to modernization and consolidation within agriculture. Looking at the cumulative average growth rate (CAGR) over the 5-year forecast, the average annual decrease is approximately 0.45%.
Future trends to watch include technological advancements that may further reduce self-employment opportunities, shifts in consumer demand for sustainable and local products, and potential policy changes affecting agricultural practices and small-scale operations.
