Forecast: Support Activities for Agriculture and Forestry Industry Gross Output in the US

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.

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