Forecast: Soybeans Production at Farm Gate in Argentina

The soybeans production at farm gate in Argentina showed fluctuating values from 2013 to 2023 with a peak in 2014 at 11.26 billion Euros and a low in 2017 at 6.34 billion Euros. By 2023, the value stood at 9.65 billion Euros, indicating some recovery after prior declines. Over the past two years (2022-2023), the year-on-year variation was modest, with 2022 experiencing a 2.27% increase and 2023 a 2.2% increase. The last five years showed an average annual decline (CAGR) of -1.54%.

Future trends to watch for include:

  • Predicted steady growth from 2024 to 2028, with a forecasted 5-year CAGR of 1.57%.
  • Potential impacts of global soybean demand and local agricultural policies on production values.
  • Climate change effects on soybean yields and farm gate prices.

Top Countries about Agricultural Land