The forecast for the total value of agricultural production at the farm gate in the US indicates modest growth from 2024 through 2028, with projections rising from €297.12 billion to €303.15 billion. In 2023, the actual value was slightly below €297.12 billion. This represents a year-on-year growth rate of approximately 0.5% to 0.6% annually, reflecting stable yet slow upward momentum. Over the five-year forecast period, the compound annual growth rate (CAGR) is about 0.6%, highlighting a consistent increase.
Future trends to watch for include the impact of technological advancements and climate change on agricultural productivity and market demands. Additionally, sustainability practices and evolving consumer preferences could further shape the agricultural value landscape.
