European Agricultural Output Subsidies by Country, 2023 Discover more data with ReportLinker!

European Agricultural Goods Output Subsidies by Country, 2023 Discover more data with ReportLinker!

Saudi Arabia Government Subsidies: Agriculture data was reported at 93.600 SAR mn in 2011. This records an increase from the previous number of 92.800 SAR mn for 2010. Saudi Arabia Government Subsidies: Agriculture data is updated yearly, averaging 299.500 SAR mn from Dec 1973 (Median) to 2011, with 39 observations. The data reached an all-time high of 1,501.000 SAR mn in 1984 and a record low of 19.700 SAR mn in 1973. Saudi Arabia Government Subsidies: Agriculture data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Saudi Arabia – Table SA.F005: Government Subsidies.

Agricultural export subsidies are defined as export subsidies budgetary outlays and quantities as notified by WTO Members in Tables ES:1 and supporting Tables ES:2 (following templates in document G/AG/2 dated 30 June 1995). Data cover: • Notifications by WTO Members with export subsidy reduction commitments included in part IV of their Schedules; • Notifications of export subsidies by developing country Members pursuant to the provisions of article 9.4 of the Agreement on Agriculture. Other WTO Members are not entitled to use export subsidies and their notifications are therefore not recorded in the indicator series. Budgetary outlays and quantities are expressed in a currency (national or other) and in quantity units as per Member's notification practices. For Members with export subsidy reduction commitments included in part IV of their Schedules, the currency used in the notifications is similar to the one used in the Schedules. Data are available by country and by products or groups of products, according to Members' schedules for Members with export subsidy reduction commitments included in part IV of their Schedules and according to Member's notification practices in the case of developing country Members using export subsidies under the provisions of article 9.4 of the Agreement on Agriculture."

87% of agricultural subsidies are harmful to the environment and human health while contributing little to food security. The first step to addressing harmful subsidies is to identify and trace them in policies. Small Island Developing States (SIDS), such as the Maldives, are the most vulnerable to environmental degradation caused by activities they contribute minimally. In the case of subsidies, the relative contribution to the environmental degradation by islands and the relative impacts of subsidies on islands are not studied, leaving a void in the global knowledge pool. This paper addresses the first step of this gap by identifying and assessing the historical trends of subsidy integration in Maldivian agricultural policy by analyzing their temporal distribution patterns and the quality of subsidy inclusion in national plans in the past four decades. The framework adopted for this study is a multi-criteria scoring protocol and a classification of 15 subsidy types to deliver a quantitative overview of the status and trends in subsidy in the agriculture sector of the Maldives. The results showed that although the scale of agriculture in the country is limited, subsidies have consistently been an integral part of agricultural planning since 1985, with agricultural inputs being one of the most frequently and highly subsidized over the years. Twelve different subsidy types were traced in the ten assessed national plans, and eleven subsidy types were identified in the plan from 2019 to 2023. These results serve as a baseline for the understanding of subsidies in the Maldives by providing a narrative of an island state for the global overview of subsidies and for comparative studies thereof.

European Agricultural Output Subsidies Share by Country (Million Euros), 2023 Discover more data with ReportLinker!

This version contains errors; please use the data from version 1.1 or later.

Inventory description

The Harmonized IACS inventory of Europe-LAND is a harmonized collection of data from the Geospatial Aid (GSA) system of the Integrated Control and Administration System (IACS), which manages and controls agricultural subsidies in the European Union (EU). The GSA data are a unique data source with field-levels of land use information that are annually generated. The data carry information on crops grown per field, a unique identifier of the subsidy applicants that allows to aggregate fields to farms, information on organic cultivation and animal numbers per farm.

Due to General Data Protection Regulations (GDPR), we are not allowed to share all data that we collected and harmonized. Therefore, there are two versions of the inventory, a public version and an internal version. The internal version contains more information and covers more countries and years.

The public version contains all data that can be shared following the GDPR of the data providers. It covers 18 countries with time series up to 17 years. For most countries, only the crop information can be shared. However, for 6 countries also the applicant identifier and for two of them also the organic management information can be shared. If you use the data, please also cite the original sources of the data. You can find the references in the provided documentation that is in the "_Documentation.zip".

The crop information were harmonized using the Hierarchical Crop and Agriculture Taxonomy (HCAT) of the EuroCrops project (Schneider et al., 2023). To allow for interoperability with EuroCrops, the harmonized Europe-LAND data come with the same column names that relate to the crop information. All crop mapping tables can be found in our GitHub repository.

Column names:

• field_id (mandatory): Unique identifier for each field per country, state or region
• farm_id (optional): Unique identifier for each applicant per country, state, or region
• crop_code (mandatory): The original, country-specific crop code
• crop_name (mandatory): The original, country-specific crop name
• EC_trans_n (mandatory): The original crop name translated into English
• EC_hcat_n (mandatory): The machine-readable HCAT name of the crop
• EC_hcat_c (mandatory): The 10-digit HCAT code indicating the hierarchy of the crop
• organic (optional): Indicates whether a field was organically cultivated or not. Values: [0,1]
• field_size (mandatory): Size of field in hectares
• crop_area (optional): Area in hectares of crop reported in crop column. This occurs only if multiple crops are reported per parcel and refers to the area of the main crop.

More detailed information for all countries in our harmonized inventory (including those that are not publicly available) can also be found in the documentation.

The inventory will be updated at least annually. In future versions, we will add a new crop classification, harmonized animal data, and harmonized agri-environmental measures/eco-schemes.

Information on data provision

All files come as .geoparquets to stay within the space limitations of Zenodo. Geoparquets can simply be opened in QGIS via drag and drop. Additionally, various libraries from different porgramming languages are able to handle geoparquets, e.g. geoarrow and sgarrwo in R, GDAL/OGR in C++, GeoParquet.jl in Julia or Fiona in Python.

We bundled multiple years of each country to stay below the file number limitation of Zenodo. Each zip file name indicates the country, region, or federal state and the years covered. The meaning of the abbreviations of the countries, regions, and federal states can be found in the "country_region_codes.xlsx" in the "_Documentation.zip".

The Spanish data are also bundled across regions, as they are separated into more than 50 regions. See the country_regions_codes.xlsx tables for the meaning of the abbreviations:

• ES_Bundle1 (Northeast): BAL, BAR, CAS, GIR, HEC, LLE, NAV, TAR, TER, ZAR
• ES_Bundel2 (Northwest): ACO, ALA, AST, BUR, CAN, GUI, LEO, LRI, LUG, OUR, PAL, PON, VIZ, VLD, ZAM
• ES_Bundle3 (West): ALB, AVI, CAC, CIU, CUE, GUA, MAD, SAL, SEG, SOR, TOL
• ES_Bundle4 (Southwest): ALI, ALM, BAD, CAD, CDB, GRA, HEV, JAE, LAP, MAL, MUR, SAN, SEV, VLC

Saudi Arabia Government Budget: 2nd Chapter: Subsidies: Agriculture data was reported at 200.000 SAR mn in 2016. This stayed constant from the previous number of 200.000 SAR mn for 2015. Saudi Arabia Government Budget: 2nd Chapter: Subsidies: Agriculture data is updated yearly, averaging 50.000 SAR mn from Dec 1983 (Median) to 2016, with 34 observations. The data reached an all-time high of 870.000 SAR mn in 1984 and a record low of 15.000 SAR mn in 1994. Saudi Arabia Government Budget: 2nd Chapter: Subsidies: Agriculture data remains active status in CEIC and is reported by Ministry of Finance. The data is categorized under Global Database’s Saudi Arabia – Table SA.F006: Government Budget: Allocation.

Turkey General Budget: Year to Date: EX: Primary: CT: Agricultural Subsidies data was reported at 11,919,695.000 TRY th in Oct 2018. This records an increase from the previous number of 10,808,640.000 TRY th for Sep 2018. Turkey General Budget: Year to Date: EX: Primary: CT: Agricultural Subsidies data is updated monthly, averaging 4,960,651.500 TRY th from Jan 2006 (Median) to Oct 2018, with 154 observations. The data reached an all-time high of 12,721,747.000 TRY th in Dec 2017 and a record low of 0.000 TRY th in Jan 2017. Turkey General Budget: Year to Date: EX: Primary: CT: Agricultural Subsidies data remains active status in CEIC and is reported by Turkish Treasury. The data is categorized under Global Database’s Turkey – Table TR.F002: General Budget Balance and Financing: Treasury: Accrual Basis: Year to Date.

This new database of emissions in agricultural production provides data on emissions by type, commodity, source, and country. Wherever possible, this matrix was derived by reverse-engineering the Food and Agriculture Organization (FAO) emission data to ensure that the total matched the FAOSTAT. Where this was not possible, as in the case of emissions from pesticides, a similar Intergovernmental Panel on Climate Change (IPCC) Tier 1 methodology was used to generate comparable estimates. Emission sources are identified used eleven FAOSTAT-based categories plus emissions from agricultural pesticides. The first step was to define the activity levels associated with commodity outputs, such as the area used for rice cultivation. The second was to calculate the emission coefficients (EC) for CH4, CO2, and N2O by activity level using, wherever possible, the FAOSTAT database. Finally, emissions of N2O and CH4 were converted to CO2 equivalents using 310 and 21 for N2O and CH4 respectively.

Greenhouse Films Sales Market Outlook

The global greenhouse films sales market size is projected to grow significantly from USD 9.5 billion in 2023 to USD 16.8 billion by 2032, reflecting a compound annual growth rate (CAGR) of 6.5%. This substantial growth can be attributed to the increasing adoption of advanced agricultural practices, rising demand for high-quality crop production, and technological advancements in film materials that enhance the durability and efficiency of greenhouse films.

One of the key growth factors driving the greenhouse films sales market is the escalating global population, which subsequently increases the demand for food. This growing population necessitates enhanced agricultural productivity, leading to the adoption of greenhouse farming, which allows for controlled environmental conditions conducive to higher yields. Additionally, the adverse impacts of climate change on traditional farming methods have propelled the shift towards greenhouse agriculture, where conditions can be regulated to mitigate risks associated with extreme weather patterns, pest infestations, and soil degradation. These factors collectively drive the demand for high-quality greenhouse films capable of maintaining optimal growing environments.

Another significant factor contributing to the market's expansion is the rising awareness and adoption of sustainable agricultural practices. Greenhouse farming is seen as a viable solution to reduce the environmental footprint of agriculture. By using greenhouse films, farmers can conserve water, manage pests more effectively, and reduce the use of chemical fertilizers and pesticides. This aligns with the global push towards sustainability and environmental protection, further boosting the market for greenhouse films. Moreover, advancements in film technology, such as the development of UV-blocking, anti-drip, and thermic properties, enhance crop protection and growth conditions, making these films more attractive to modern agriculturists.

The increasing investments in agricultural infrastructure, particularly in developing regions, act as a catalyst for market growth. Governments and private entities are recognizing the importance of food security and are thus investing in advanced agricultural technologies, including greenhouse farming. This influx of investment is facilitating the adoption of high-quality greenhouse films, which are essential for the efficient functioning of these controlled environments. Additionally, subsidies and favorable policies supporting greenhouse farming in various countries are encouraging farmers to transition from open-field agriculture to greenhouse cultivation, thereby amplifying the market demand.

In addition to greenhouse films, Agricultural Shed Film is gaining traction as a versatile solution for protecting crops and equipment in agricultural settings. These films are designed to withstand harsh environmental conditions, providing a durable barrier against wind, rain, and UV radiation. Agricultural Shed Film is particularly beneficial for farmers who require a reliable and cost-effective method to safeguard their assets and enhance productivity. By utilizing these films, farmers can create controlled environments that optimize growing conditions and extend the lifespan of their equipment. The growing awareness of the benefits of Agricultural Shed Film is driving its adoption across various agricultural sectors, contributing to the overall growth of the agricultural films market.

Regionally, the Asia Pacific is expected to witness significant growth in the greenhouse films sales market, driven by countries such as China and India, where agriculture plays a pivotal role in the economy. The region's favorable climatic conditions for greenhouse farming, coupled with governmental support and a large farming community, are key factors contributing to this growth. Moreover, technological advancements and increasing awareness about the benefits of greenhouse farming are further propelling the market in this region. North America and Europe are also significant markets due to the established agricultural infrastructure and a higher adoption rate of advanced farming techniques.

Product Type Analysis

In the greenhouse films sales market, the product type segment is categorized into polyethylene, polycarbonate, polyvinyl chloride (PVC), and others. Polyethylene films dominate the market due to their cost-effectiveness and extensive use in various greenhouse applicat

In 2019, the preliminary budget assigned to the agricultural sector in Colombia was of approximately **** trillion Colombian pesos, up from **** trillion pesos a year earlier. In the depicted period, the assigned budget in the South American country was the highest in 2015, at over *** trillion pesos.

Abstract from the original publication: "Agricultural trade protectionism in developed countries remains a politically charged issue, yet few studies have attempted to explain the political dynamics behind this important trade issue. We consider agricultural subsidies as a type of distributive policy that targets the agricultural sector at the expense of consumers and taxpayers. Based on Cox (1987, 1990) and Myerson (1993), we argue that electoral systems that encourage politicians to appeal to a narrow constituency tend to have a higher level of agricultural support. We test this theoretical hypothesis using OECD agricultural support data disaggregated by commodity and country. A cross-classified multilevel model is employed to account for complex variation of agricultural support across countries, commodities, and time. Our empirical results show that electoral systems that encourage politicians to target narrow (broad) constituencies are associated with relatively high (low) levels of agricultural subsidies."

Agricultural machinery wholesalers’ revenue is driven by wider economic conditions, agricultural incomes, government subsidies and technological advancements. Sales of machinery and equipment sales are largely dictated by the performance of the agricultural sector. Structural trends like farm consolidation and the shift toward larger, more sophisticated equipment have shaped demand in recent years. Revenue is expected to climb at a compound annual rate of 2.7% over the five years through 2025 to €132.5 billion, including a 0.9% rise in 2025. Agricultural machinery requires significant capital investment, which, for many small or independent farms, is only possible because of government subsidies. Agricultural support is falling across the EU and other European countries, like the UK, depressing many farmers’ budgets. Many smaller farms have shut up shop, with family-run, independent ventures giving way to larger farms expanding their presence. Meanwhile, adverse weather and economic conditions, including elevated interest rates and geopolitical tensions, have weakened investment in machinery in the three years through 2025. According to the European Agricultural Machinery Association, in 2024, the number of agricultural tractor registrations fell to their lowest level since 2014, with three consecutive years of decline. Despite the economic headwinds facing farmers, sales of agricultural machinery have remained resilient, with farmers keen to purchase the latest lines with autonomous and precision systems integrated into the machines. The enhanced productivity of these machines has made them must-haves, boosting sales. Still, wholesalers’ profitability has suffered from rising operating costs and intense competition, both internally and from direct-to-consumer sales from manufacturers. To raise profit, wholesalers have turned to offering value-added services like financing options and technical support. Looking ahead, the green revolution and falling agricultural support will be the key drivers of the industry’s performance. The green revolution and expansion of organic farming will spark demand for eco-friendly vehicles across Europe, with farmers keen to meet environmental targets. However, the capital required for these new machines will be hard to come by, with agricultural budgets falling across many European countries. Meanwhile, farm consolidation will likely continue, with the average farm size expanding, forcing wholesalers to tailor solutions to these clients. Revenue is anticipated to swell at a compound annual rate of 5.1% over the five years through 2030 to reach €170.2 billion.

Purpose and brief description The Economic Accounts for Agriculture (EAA) provide a systematic and comparable overview of the economic activity in the agricultural sector. They include the net value added (production account, i.e. the remuneration of all factors of production), the net operating surplus (generation of income account, i.e. yield from land, capital and non-salaried labour) and the net entrepreneurial income (entrepreneurial income account, i.e. compensation of non-salaried labour, remuneration from land belonging to units and the yield arising from the use of capital). The net value added is calculated at producer prices (i.e. without taking subsidies and taxes on products into account), on the one hand, and at factor cost or at basic prices (taking these subsidies and taxes into account), on the other hand. They are compiled for all agricultural economic units in the country, belonging to the agricultural sector. In concrete terms, this sector includes all the agricultural enterprises questioned in the agricultural surveys in May and which correspond to the definition of agricultural enterprise used in that census. The EAA are annual and are closed in September of the year following the reference year. All sources with statistical data about agriculture, both internal and external to Statbel, are used to compile these accounts.

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Bahrain Agriculture Market Size 2024-2028

The Bahrain agriculture market size is estimated to grow by USD 12.5 million at a CAGR of 1.24% between 2023 and 2028. The market is experiencing significant growth, driven by various factors. One key trend is the increasing government support to boost domestic production through various initiatives and subsidies. Another trend is the growing focus on horticulture and specialty seeds, as consumer preferences shift towards healthier and more diverse food options. However, the market faces challenges such as the declining availability of arable land due to urbanization and climate change. Additionally, the smart agriculture industry must adapt to technological advancements, including precision farming and automation, to increase efficiency and productivity. Overall, the market is poised for growth but must navigate these trends and challenges to remain competitive and sustainable.

What will be the size of the Market During the Forecast Period?

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Market Dynamics and Customer Landscape

Agriculture plays a vital role in the economic development of many countries, particularly those in the Gulf region, where crops like Dates, Figs, Fruits, and Vegetables are grown extensively. However, agriculture in these regions faces significant challenges such as water scarcity and groundwater salinity. To meet the increasing demand for agricultural products, foreign investments are crucial. The consumption of Cereals, Livestock, and Horticulture products is on the rise, necessitating the adoption of advanced technologies like Hydroponic farming and Aquaponic farming. The Agriculture sector in these countries is a significant contributor to the economy, with Production techniques and Subsidies playing a crucial role. The National government and Technology companies are emphasizing Education and training to improve Agricultural productivity. Trade agreements between Gulf member countries and other nations can impact Food imports and exports. Water constraints and high temperatures are major challenges that need to be addressed to ensure sustainable Agriculture. The Metric ton of agricultural products produced is a key indicator of the sector's health. Agricultural land is a valuable resource, and its preservation is essential for future generations. The sector's growth is influenced by various factors, including subsidies, water constraints, and technological advancements. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

The increasing government support to boost domestic production is notably driving the market growth. The government of Bahrain is taking several efforts to improve food security in the country. The Bahrain government planned a new production strategy for food security to increase local production. The NIAD launched an agricultural platform named 'AGRO.BH' to unite efforts toward the development and strengthening of the agricultural sector in Bahrain. The platform will provide the asset in data centralization and management, investment incentive and aid, historical documentation, and research and development.

For the government entities of the Kingdom of Bahrain, the platform AGRO.BH can be used as an important tool to determine trends in the agriculture sector by viewing agricultural publications and research, climatology, soil, water, and agriculture sector workforce data. Additionally, land cover, agricultural zones, and agriculture land use management data can also be accessed to make well-informed high-level decisions. Thus, increasing government support to boost domestic production and e-commerce is a major driver, which is expected to boost the growth of the market during the forecast period.

Significant Market Trend

Growing focus on horticulture is the primary trend in the market. Horticulture is one of the new trends in agriculture production, which has given a boost to agricultural production and is improving the condition of the agriculture industry in Bahrain. Bahrain farmers are highly adopting horticulture, as it is a more cost-effective and sustainable form of agriculture that requires a smaller scale of land and thus low maintenance as a whole. This means that not only smaller scales of land are used but also a low supply of water is required for crop growth.

The major reason for the increasing popularity and adoption of this form of agricultural production method is to maximize growth while making sustainable and efficient use of remaining resources that are available locally. So far, horticulture, supported by advanced fertilizers, has been observed to contribute to the boost of food production in Bahrain, as well as improve its agr

Abstract copyright UK Data Service and data collection copyright owner.This study sought to reflect the diversity of rural contexts and farm structure across Western Europe. It consists of two surveys - the baseline survey and the final survey. The baseline survey, conducted in 1987, covered basic conditions, work and income patterns of farm households in different socio-economic situations in Europe with a view to further investigation over the next three years of the reasons, extent and effects of change experienced by some of them at farm, local, regional and national levels with special reference to multiple job-holding. The final survey was carried out in 1991. The baseline survey data are held as separate study numbers for each country (see list of constituent studies). The dataset containing the merged data of the baseline and final surveys for all countries is held as SN:2973. Main Topics: Farm size and tenure; agricultural production and livestock; farm buildings and machinery; finance and income. Residence. Household members and farm work forces; agricultural and farm-based activities; off-farm activities. Face-to-face interview 1987 ACCOUNTS AGE AGRICULTURAL BUILDINGS AGRICULTURAL ECONOMICS AGRICULTURAL ENTERP... AGRICULTURAL EQUIPMENT AGRICULTURAL EQUIPM... AGRICULTURAL EXTENSION AGRICULTURAL LAND AGRICULTURAL MARKETING AGRICULTURAL POLICY AGRICULTURAL PRODUC... AGRICULTURAL PRODUCTS AGRICULTURAL SUBSIDIES AGRICULTURAL TRAINING AGRICULTURAL WORKERS AGRICULTURE AGRICULTURE EDUCATION ALTITUDE ANCILLARY FARM ENTE... ANIMAL PRODUCTS APICULTURE ARABLE LAND ATTITUDES Agriculture and rur... CATTLE CEREALS CHILDREN COLOUR TELEVISION R... COMMON LAND COMMON RIGHTS COMMUTING COMPUTERS CONTRACT FARMING CROP YIELDS CROPS CULTIVATION Community DAIRY PRODUCTS DECISION MAKING DECORATIVE PLANTS DISTANCE MEASUREMENT DOMESTIC APPLIANCES ECONOMIC ACTIVITY EDIBLE FUNGI EDUCATIONAL BACKGROUND EMPLOYERS EMPLOYMENT FAMILIES FAMILY MEMBERS FARMERS FARMING SYSTEMS FARMS FINANCE FINANCIAL EXPECTATIONS FORAGE FORESTS FRINGE BENEFITS FRUIT FULL TIME EMPLOYMENT GENDER GLASSHOUSE CULTIVATION GOATS GRAIN CROPS GRANTS GRASSES GRAZING LAND HOME BUYING HOME OWNERSHIP HORSES HORTICULTURAL LAND HORTICULTURE HOUSEHOLDS HOUSEWORK HOUSING HOUSING AGE INCOME INDUSTRIAL CROPS INDUSTRIES INHERITANCE INTEREST FINANCE INVESTMENT RETURN IRRIGATION JOB DESCRIPTION LAND OWNERSHIP LAND TENURE LAND TRANSFERS LAND USE LAVATORIES LIVESTOCK LOANS MANAGEMENT MARITAL STATUS MORTGAGES MOTOR VEHICLES OCCUPATIONAL STATUS OCCUPATIONAL TRAINING OCCUPATIONS ORCHARDS PARENTS PART TIME EMPLOYMENT PART TIME FARMING PIGS PLACE OF RESIDENCE PLANTATIONS POULTRY PRIVATE GARDENS RABBITS RENTED ACCOMMODATION RENTS RESPONSIBILITY ROADS ROOMS ROOT CROPS RURAL ENVIRONMENT SAVINGS SEASONAL EMPLOYMENT SEEDS SHEEP SILAGE SIZE SOCIAL SECURITY BEN... SOFT FRUIT SPOUSES SUBSIDIARY EMPLOYMENT SUBSIDIES Switzerland TELECOMMUNICATIONS TELEPHONES TELEVISION RECEIVERS TEMPORARY EMPLOYMENT TOWNS TRANSPORT TRANSPORT INFRASTRU... TRAVELLING TIME UNWAGED WORKERS URBAN ENVIRONMENT VEGETABLES VIDEO RECORDERS VILLAGES VINEYARDS VOCATIONAL EDUCATION WAGES WASHING FACILITIES WOODLANDS urban and rural life

Agricultural machinery wholesalers’ revenue is driven by wider economic conditions, agricultural incomes, government subsidies and technological advancements. Sales of machinery and equipment sales are largely dictated by the performance of the agricultural sector. Structural trends like farm consolidation and the shift toward larger, more sophisticated equipment have shaped demand in recent years. Revenue is expected to climb at a compound annual rate of 2.7% over the five years through 2025 to €132.5 billion, including a 0.9% rise in 2025. Agricultural machinery requires significant capital investment, which, for many small or independent farms, is only possible because of government subsidies. Agricultural support is falling across the EU and other European countries, like the UK, depressing many farmers’ budgets. Many smaller farms have shut up shop, with family-run, independent ventures giving way to larger farms expanding their presence. Meanwhile, adverse weather and economic conditions, including elevated interest rates and geopolitical tensions, have weakened investment in machinery in the three years through 2025. According to the European Agricultural Machinery Association, in 2024, the number of agricultural tractor registrations fell to their lowest level since 2014, with three consecutive years of decline. Despite the economic headwinds facing farmers, sales of agricultural machinery have remained resilient, with farmers keen to purchase the latest lines with autonomous and precision systems integrated into the machines. The enhanced productivity of these machines has made them must-haves, boosting sales. Still, wholesalers’ profitability has suffered from rising operating costs and intense competition, both internally and from direct-to-consumer sales from manufacturers. To raise profit, wholesalers have turned to offering value-added services like financing options and technical support. Looking ahead, the green revolution and falling agricultural support will be the key drivers of the industry’s performance. The green revolution and expansion of organic farming will spark demand for eco-friendly vehicles across Europe, with farmers keen to meet environmental targets. However, the capital required for these new machines will be hard to come by, with agricultural budgets falling across many European countries. Meanwhile, farm consolidation will likely continue, with the average farm size expanding, forcing wholesalers to tailor solutions to these clients. Revenue is anticipated to swell at a compound annual rate of 5.1% over the five years through 2030 to reach €170.2 billion.

Agricultural Crop Insurance Market Outlook

The agricultural crop insurance market size is expected to witness substantial growth over the forecast period, with a compound annual growth rate (CAGR) of 6.5% from 2024 to 2032. In 2023, the market size was approximately USD 35 billion, and it is projected to reach around USD 61 billion by 2032. The primary drivers of this market expansion include increasing climate variability, growing awareness among farmers about crop insurance benefits, and supportive governmental policies promoting agricultural insurance schemes.

The increasing unpredictability of weather patterns due to climate change has made crop insurance an essential risk management tool for farmers. Natural catastrophes such as floods, droughts, hailstorms, and pest invasions have become more frequent and severe, causing significant crop losses. Consequently, farmers are increasingly relying on crop insurance to mitigate financial risks associated with such unpredictable events. This heightened awareness and adoption of crop insurance policies among the farming community are major growth drivers of the market.

Government initiatives and subsidy programs across various countries are further propelling the growth of the agricultural crop insurance market. Many governments are providing financial subsidies to lower the premium costs for farmers, making insurance more affordable. In addition, regulatory frameworks and policies favoring the agricultural sector's sustainability are encouraging the adoption of crop insurance. For example, programs like the Federal Crop Insurance Program (FCIP) in the United States and the Pradhan Mantri Fasal Bima Yojana (PMFBY) in India have significantly contributed to the market's expansion.

Technological advancements in the agricultural sector have also played a critical role in the growth of the crop insurance market. The integration of technologies such as satellite imagery, drones, and advanced data analytics in farming operations has improved the accuracy of loss assessments and claims processing. These innovations have enhanced the efficiency and reliability of crop insurance schemes, making them more attractive to farmers and agribusinesses alike. This technological synergy is expected to continue driving market growth over the coming years.

Regionally, North America holds a significant share of the agricultural crop insurance market, mainly due to well-established insurance infrastructure and strong governmental support. However, regions like Asia Pacific and Latin America are expected to witness the fastest growth during the forecast period. The increasing agricultural activities, coupled with rising awareness and supportive government policies in countries like China, India, and Brazil, are expected to fuel market growth. The European market is also anticipated to grow steadily, driven by increasing focus on sustainable agriculture and risk management strategies.

Coverage Type Analysis

In the agricultural crop insurance market, different coverage types like Multi-Peril Crop Insurance (MPCI), Crop-Hail Insurance, Revenue Insurance, and others play significant roles. Multi-Peril Crop Insurance (MPCI) is one of the most popular types, providing comprehensive coverage against a wide range of risks including natural disasters, diseases, and pests. The extensive protection offered by MPCI makes it a preferred choice among farmers. This type of insurance is particularly crucial in regions prone to various climatic adversities, ensuring farmers' financial stability in case of crop failure.

Crop-Hail Insurance, on the other hand, is more specific and provides coverage against damage caused by hailstorms. This type of insurance is essential for regions where hailstorms are common, offering farmers a targeted risk management solution. Crop-Hail Insurance is usually purchased as a supplement to MPCI or other basic insurance policies. The specificity and focus of this insurance type make it a vital segment of the market, catering to the unique needs of farmers in hail-prone areas.

Revenue Insurance is designed to cover the potential loss of revenue due to a decrease in crop yields or market prices. This type of insurance provides a safety net for farmers, ensuring they receive a guaranteed income despite fluctuations in market conditions or adverse weather impacts. Revenue Insurance is particularly beneficial for large-scale agribusinesses and commercial farmers who operate in volatile market environments. The growing demand for stable income sources in the agricultural secto

Agricultural machinery wholesalers’ revenue is driven by wider economic conditions, agricultural incomes, government subsidies and technological advancements. Sales of machinery and equipment sales are largely dictated by the performance of the agricultural sector. Structural trends like farm consolidation and the shift toward larger, more sophisticated equipment have shaped demand in recent years. Revenue is expected to climb at a compound annual rate of 2.7% over the five years through 2025 to €132.5 billion, including a 0.9% rise in 2025. Agricultural machinery requires significant capital investment, which, for many small or independent farms, is only possible because of government subsidies. Agricultural support is falling across the EU and other European countries, like the UK, depressing many farmers’ budgets. Many smaller farms have shut up shop, with family-run, independent ventures giving way to larger farms expanding their presence. Meanwhile, adverse weather and economic conditions, including elevated interest rates and geopolitical tensions, have weakened investment in machinery in the three years through 2025. According to the European Agricultural Machinery Association, in 2024, the number of agricultural tractor registrations fell to their lowest level since 2014, with three consecutive years of decline. Despite the economic headwinds facing farmers, sales of agricultural machinery have remained resilient, with farmers keen to purchase the latest lines with autonomous and precision systems integrated into the machines. The enhanced productivity of these machines has made them must-haves, boosting sales. Still, wholesalers’ profitability has suffered from rising operating costs and intense competition, both internally and from direct-to-consumer sales from manufacturers. To raise profit, wholesalers have turned to offering value-added services like financing options and technical support. Looking ahead, the green revolution and falling agricultural support will be the key drivers of the industry’s performance. The green revolution and expansion of organic farming will spark demand for eco-friendly vehicles across Europe, with farmers keen to meet environmental targets. However, the capital required for these new machines will be hard to come by, with agricultural budgets falling across many European countries. Meanwhile, farm consolidation will likely continue, with the average farm size expanding, forcing wholesalers to tailor solutions to these clients. Revenue is anticipated to swell at a compound annual rate of 5.1% over the five years through 2030 to reach €170.2 billion.