In 2023, the Total Value of Agricultural Production at Farm Gate in the US was 349.50 billion Euros. From 2024 to 2028, forecasted values show a steady increase, starting at 354.65 billion Euros in 2024 and reaching 376.13 billion Euros by 2028. This reflects a continuous year-on-year growth ranging from 1.56% to 1.40%. The compound annual growth rate (CAGR) over this period is approximately 1.47%.
Future trends to watch for:
- Technological advancements in agriculture boosting productivity.
- Impact of climate change on crop yields.
- Global trade policies affecting US agricultural exports.
- Evolution in consumer preferences toward sustainable and organic products.