Forecast: Production of Crop and Animal Production, Hunting and Related Service Activities in the US

In 2023, the production of crop and animal production, hunting, and related service activities in the US stood at a lower base compared to future projections. From 2024 onwards, the forecast shows a consistent year-on-year growth, gradually increasing from 465.92 billion dollars in 2024 to 486.53 billion dollars in 2028. The annual percentage increase ranges between approximately 1.14% and 1.07% over this period. The compound annual growth rate (CAGR) from 2024 to 2028 is forecasted to be stable, reflecting the steady growth trends in this sector.

Future trends to watch for:

  • Technological advancements in agriculture that could boost efficiency and production.
  • Potential impacts of climate change on crop yields and animal productivity.
  • Shifts in consumer preferences that may influence demand and production strategies.
  • Policy changes regarding agriculture and trade that could affect economic outcomes.

Top Countries about Agriculture