The support activities for the US agriculture and forestry industry are expected to grow steadily from 2024 to 2028. The gross output is projected to increase from $26.04 billion in 2024 to $27.38 billion in 2028. This shows a moderate year-on-year growth, averaging around 1.25% over the five-year period. Looking back, the average compound annual growth rate (CAGR) from 2023 to 2028 is approximately 1.25%, indicating consistent expansion in this sector.
Future trends to watch for include:
- Increased adoption of technology and automation in support activities, potentially boosting efficiency and output.
- Fluctuations in global agricultural demand that may influence domestic support activities.
- Environmental policies and sustainability measures that could shape operational practices in the industry.