Barley production in the US is forecasted to decrease steadily from 137.79 million bushels in 2024 to 118.17 million bushels by 2028. In 2023, actual barley production stood at 140 million bushels, indicating a year-on-year decline beginning in 2024, with a decrease of approximately 3.3% from 2023 to 2024.
Key trends include continued reductions in output, with a five-year compound annual growth rate (CAGR) showing an average annual decline of around 3.8%. Notably, the anticipated year-to-year decrease from 2024 to 2025 is 3.7%, followed by 3.8% from 2025 to 2026.
Future trends to watch for include:
- Impact of climate change on crop yields and production strategies.
- Advancements in agricultural technology that may improve yield efficiency.
- Shifts in demand for barley-driven by changes in consumer preferences and the brewing industry.
- Potential policy changes affecting agricultural production incentives or subsidies.
