The value added by the US agriculture, hunting, and forestry sector is forecasted to steadily grow from $185.81 billion in 2024 to $189.99 billion in 2028. In 2023, the value stood at approximately $184.76 billion. The year-on-year growth rate is modest, reflecting stability and a slight upward trend. Over the five-year horizon, the compound annual growth rate (CAGR) is around 0.68%, indicating a stable yet slow growth trajectory.
Future trends to watch for include:
- Technological advancements in agriculture, which could further enhance productivity and efficiency.
- The impact of sustainability and environmental regulations on the forestry and hunting segments.
- Market dynamics resulting from international trade policies and climate change.
