The forecast for US sorghum production from 2024 to 2028 shows a gradual decline from 8.7 million metric tons in 2024 to 8.32 million metric tons in 2028. Compared to 2023, these figures indicate a decreasing trend with a slight approximately 1.1% year-on-year decline anticipated.
Key points to consider:
- Year-on-year decline: Production is projected to decrease by roughly 1.1% annually from 2024 through 2028.
- 5-year outlook: The Compound Annual Growth Rate (CAGR) from 2024 to 2028 suggests a steady decline in production capacity over this period.
Future trends to watch include climatic changes affecting crop yields, technological advances in agriculture that could potentially boost efficiency and production, and shifts in domestic and international demand for sorghum both for animal feed and biofuel usage.
