The forecast for Dry Great Northern Beans production in the US from 2024 to 2028 shows a declining trend, starting at 91.0 million pounds in 2024, decreasing annually, and reaching 77.55 million pounds by 2028. Compared to 2023, this represents a significant decline in production, with a compound annual growth rate (CAGR) showcasing consistent negative growth. The year-on-year variations also indicate a steady decrease, ranging from 3.8% to 4.2% annually.
Future trends to watch for include:
- Changes in consumer demand for plant-based proteins, which might impact production planning and price dynamics.
- Potential impacts of climate change on agricultural yields and the strategic adaptations by farmers.
- Policy shifts that might affect planting decisions or incentives for legume cultivation.
