As of 2023, the value of sorghum production at farm gate in the US stood around 1.51 billion US dollars. Forecasts indicate a stable to slightly increasing trend from 2024 to 2028, with values moving from 1.52 billion to 1.54 billion US dollars. Year-on-year variations are minimal, showcasing modest growth. The five-year CAGR from 2024 to 2028 suggests a very subtle average yearly increase, reflecting stable production levels.
Future trends to watch include:
- Potential shifts in domestic and global demand driven by sustainable agriculture and biofuel markets.
- Impacts of climate change on production areas and yields.
- Technological advancements in farming practices that may enhance productivity.