The forecast for the Total Value of Agricultural Production at Farm Gate in the US shows a steady increase from 2024 to 2028. In 2023, the actual value stood at approximately 340 billion US dollars. The anticipated growth from 2024 to 2028 appears moderate, with year-on-year increments suggesting a consistent rise. Specifically, the growth rate from 2024 to 2025 is about 1.11%, from 2025 to 2026 is roughly 1.09%, followed by similar trends up to 2028. The calculated CAGR over this five-year forecast period indicates a stable average annual growth rate around 1.1%.
Future trends to watch for in agricultural production include technological advancements improving yield efficiency, potential impacts from climate change disrupting growth patterns, and emerging shifts in consumer demand impacting production priorities. Continuous observation of trade policies and global economic conditions could further influence these forecasts.
