The forecast for government budget appropriations or outlays for R&D in agriculture in the US indicates a steep decline from 2024 to 2028. Starting at $22.95 billion in 2024, the figure drops consistently to $9.59 billion by 2028. Compared to 2023, where the value stood at approximately $24 billion, there is an evident contraction trend. The year-on-year percentage decrease from 2024 to 2025 is about 14.99%, followed by a 17.26% drop from 2025 to 2026. Each subsequent year reflects a similar declining pattern, with an average annual contraction (CAGR) over the five years to 2028.
Future trends to watch for include:
- Impact of reduced funding on agricultural innovation and competitiveness.
- Potential shifts in policy priorities affecting R&D allocations.
- Increased reliance on private sector investment to bridge funding gaps.
- Technological advancements that could alter cost structures positively.
