Government spending on agriculture reached around *** million U.S. dollars in 2022, a considerable decrease compared to the previous year. Considering the period examined, government expenditure in the sector peaked in 2021, while it was lowest in 2015. Agriculture covered nearly ** percent of Ghana's GDP in 2022.

An agriculture-oriented society Government spending on agriculture in Ghana further reflects the significant role agriculture plays in the country’s economy as well as in the lives of Ghanaians. In fact, over half of the total land area of the country, roughly ** percent, is used for agricultural purposes. This is higher than the share of land used for agriculture in Africa, which stood at nearly ** percent in 2021.

A cocoa-exporting country The use of agricultural land for cocoa production in Ghana contributes to increasing the value added by the crop to the country’s GDP. In 2021, the most valuable agricultural products exported from the country were cocoa beans, paste, and butter. Total exports of these cocoa products reached a combined value of about *** billion U.S. dollars that year. Ghana is the second-largest producer of cocoa in Africa after Ivory Coast.

This statistic shows the total production expenses of farming in the United States from 2000 to 2018. In 2018, farm production expenses in the United States came to a total of some 354 billion U.S. dollars.

Graph and download economic data for Corporate Farm Business; Total Capital Expenditures (Net), Level (BOGZ1FL185050015A) from 1945 to 2024 about agriculture, capital, expenditures, Net, business, and USA.

Graph and download economic data for Noncorporate Farm Business; Total Capital Expenditures, Transactions (BOGZ1FU235050005A) from 1946 to 2024 about noncorporate, agriculture, transactions, capital, expenditures, business, and USA.

The US agricultural industry has been shaped by fluctuations in crop prices, production levels and yields. While prices for core US crops such as corn and wheat remain above historical averages, they have moderated from the peaks seen in 2021-2022. This moderation has clashed with high production costs, particularly for inputs like seeds and fertilizers, which have not decreased in line with prices and revenues. As a result, farmers are encountering tighter profit, even as industry revenue has grown overall. Despite the pressures from input costs, technological advancements such as precision agriculture are helping to offset some challenges by improving efficiency and production. Overall, revenue has grown at a CAGR of 2.7% to reach an estimated $586.5 billion after a decrease of 2.7% in 2025. In tandem with these price and production shifts, consumer preferences are exerting significant influence over the agricultural landscape. The demand for sustainable and ethically-produced livestock products is rising, prompting producers to adapt their practices to meet changing consumer expectations. This shift comes amid severe drought conditions forcing cattle herd liquidations, a move that has boosted revenues through higher prices and sales volumes but ultimately stresses long-term supplies. Meanwhile, climate change continues to introduce strong production fluctuations, as evidenced by altering pest and disease patterns and extreme weather events disrupting traditional farming cycles. Adaptation strategies, such as planting drought-resistant crops and investing in climate-smart technologies, are becoming increasingly common as farmers strive to maintain resilience. In the coming five years, the sector will struggle to maintain revenue as prices decline in key segments and climate change adds a great deal of volatility. Sector revenue is forecast to decline at a CAGR of 1.4% to reach $546.4 billion in 2030. Crop prices are projected to decline over the next decade, while yields are expected to trend upward due to ongoing technological advancements. Despite drops in overall export revenue and competition from producers such as China and Brazil, emerging markets, particularly in Asia and Africa, will present new avenues for growth as demand for diverse agricultural products increases. Additionally, the potential for income generation through participation in carbon markets and adoption of nature-positive farming practices offers promising revenue diversification. The increasing frequency of extreme seasons and weather events, however, will make production planning challenging and exaggerate farmers' dependence on agricultural services, agrochemicals, irrigation and other expenses, putting pressure on profit as farmers try to maintain yields.

In 2023, government expenditure on agriculture in Africa amounted to **** billion U.S. dollars. This decreased by nearly four percent compared to the previous year. Within the period observed, the highest public agricultural expenditure was occurred in 2020, at nearly ** billion U.S. dollars.

Graph and download economic data for Corporate Farm Business; Total Capital Expenditures, Transactions (BOGZ1FA185050005Q) from Q4 1946 to Q2 2025 about transactions, agriculture, capital, expenditures, business, and USA.

The total area of cropland in the United States has not changed significantly over the last several years, with only a slight decrease from ***** million acres in 2012 to around ***** million acres in 2018. The largest decrease in area during that time period occurred between 2014 and 2015. Crop Diversity in the United States A significant portion of the United States economy is rooted in agriculture. As a large country with a diverse and varied climate, the United States is perfectly suited to producing a huge variety of crops. For instance, much of the tobacco produced in the United States originates from North Carolina, Kentucky, and Virginia. However, when it comes to fresh vegetables, California had by far the highest production volume of any U.S. state as of 2018. Facts about U.S. Farms As the largest state in the continental United States, Texas also has the highest number of farms of any U.S. state, at *** thousand in 2018. Missouri came in second place at ** thousand farms in that year. Operating and maintaining a farm in the United States is labor intensive, with many different costs and expenses that must be considered in order to keep the farm profitable. As of 2017, around **** percent of total farm production expenditure was attributed to animal feed.

Quick Stats is the National Agricultural Statistics Service's (NASS) online, self-service tool to access complete results from the 1997, 2002, 2007, and 2012 Censuses of Agriculture as well as the best source of NASS survey published estimates. The census collects data on all commodities produced on U.S. farms and ranches, as well as detailed information on expenses, income, and operator characteristics. The surveys that NASS conducts collect information on virtually every facet of U.S. agricultural production.

A collection of over 75 charts and maps presenting key statistics on the farm sector, food spending and prices, food security, rural communities, the interaction of agriculture and natural resources, and more.

How much do you know about food and agriculture? What about rural America or conservation? ERS has assembled more than 75 charts and maps covering key information about the farm and food sectors, including agricultural markets and trade, farm income, food prices and consumption, food security, rural economies, and the interaction of agriculture and natural resources.

How much, for example, do agriculture and related industries contribute to U.S. gross domestic product? Which commodities are the leading agricultural exports? How much of the food dollar goes to farmers? How do job earnings in rural areas compare with metro areas? How much of the Nation’s water is used by agriculture? These are among the statistics covered in this collection of charts and maps—with accompanying text—divided into the nine section titles.This record was taken from the USDA Enterprise Data Inventory that feeds into the https://data.gov catalog. Data for this record includes the following resources: Ag and Food Sectors and the Economy Land and Natural Resources Farming and Farm Income Rural Economy Agricultural Production and Prices Agricultural Trade Food Availability and Consumption Food Prices and Spending Food Security and Nutrition Assistance For complete information, please visit https://data.gov.

United States US: GDP: USD: Gross Value Added at Factor Cost: Agriculture data was reported at 188.938 USD bn in 2016. This records a decrease from the previous number of 193.880 USD bn for 2015. United States US: GDP: USD: Gross Value Added at Factor Cost: Agriculture data is updated yearly, averaging 150.763 USD bn from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 230.399 USD bn in 2013 and a record low of 106.400 USD bn in 2002. United States US: GDP: USD: Gross Value Added at Factor Cost: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s United States – Table US.World Bank.WDI: Gross Domestic Product: Nominal. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in current U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.

This map shows the 2019 Gross Domestic Product (GDP) for agriculture, forestry, fishing, and hunting. This uses the North American Industry Classification System (NAICS) 11. Examples include crop production; animal production and aquaculture; forestry and logging; fishing, hunting and trapping; and support activities for agriculture and forestry.The size of each symbol shows the GDP for agriculture, forestry, fishing, and hunting. The color represents the percent of a larger geography. For example, counties show the percent of state GDP from agriculture, forestry, fishing, and hunting. States show a percent of region, and Regions show a percent of the national GDP for this NAICS code. This allows us to see which areas contribute to the bigger picture of GDP. You can optionally turn on a layer showing USDA Census of Agriculture figures for Federal spending toward agriculture. This allows us to compare where government money is going in comparison to GDP figures. GDP is the value of goods and services produced within a county. The underlying Living Atlas layer contains 2019 Gross Domestic Product (GDP) estimates from the Bureau of Economic Analysis (BEA) for the nation, regions, states, and counties. Breakdowns by industry available, using North American Industry Classification System (NAICS) groups. Table CAGDP2, downloaded ‎February ‎2, ‎2021.https://www.bea.gov/data/gdp/gdp-county-metro-and-other-areas Null values are either due to the data being unavailable, or not shown to avoid disclosure of confidential information (in these cases, estimates are included in higher-level totals).The percentages of the next highest geography level's GDP are also available, i.e. regions have percentages for nation's GDP, states have percentages of their region's GDP, and counties have percentages of their state's GDP. If the GPD estimate is unavailable, so is the percentage. If a percentage of state is listed as 0.0 but there is a value for GDP, then this value is <0.1, which rounds to zero. Percentages may not add up to 100 due to rounding and null values.Combined Counties:Kalawao County, Hawaii is combined with Maui County. Separate estimates for the jurisdictions making up the combination areas are not available.Virginia combination areas consist of one or two independent cities with 1980 populations of less than 100,000 combined with an adjacent county. The county name appears first, followed by the city name(s). Separate estimates for the jurisdictions making up the combination area are not available. Bedford County, VA includes the independent city of Bedford for all years.Boundaries used to create regions and counties:Boundaries for this layer were created using the Dissolve geoprocessing tool in Pro and the regional and combined county definitions from BEA.

The Census of Agriculture, produced by the United States Department of Agriculture (USDA), provides a complete count of Texas' farms, ranches and the people who grow our food. The census is conducted every five years, most recently in 2022, and provides an in-depth look at the agricultural industry.The complete census includes over 260 separate commodities. This dataset is a subset of 23 commodities selected for publishingThis layer was produced from data obtained from the USDA National Agriculture Statistics Service (NASS) Large Datasets download page. The data were transformed and prepared for publishing using the Pivot Table geoprocessing tool in ArcGIS Pro and joined to county boundaries. The county boundaries are 2022 vintage and come from Living Atlas ACS 2022 feature layers.AttributesNote that some values are suppressed as "Withheld to avoid disclosing data for individual operations", "Not applicable", or "Less than half the rounding unit". These have been coded in the data as -999, -888, and -777 respectively.AlmondsAnimal TotalsBarleyCattleChickensCornCottonCrop TotalsGovt ProgramsGrainGrapesHayHogsLaborMachinery TotalsRiceSorghumSoybeanTractorsTrucksTurkeysWheatWinter Wheat

The Census of Agriculture, produced by the United States Department of Agriculture (USDA), provides a complete count of America's farms, ranches and the people who grow our food. The census is conducted every five years, most recently in 2022, and provides an in-depth look at the agricultural industry. This layer was produced from data obtained from the USDA National Agriculture Statistics Service (NASS) Large Datasets download page. The data were transformed and prepared for publishing using the Pivot Table geoprocessing tool in ArcGIS Pro and joined to county boundaries. The county boundaries are 2022 vintage and come from Living Atlas ACS 2022 feature layers.Dataset SummaryPhenomenon Mapped: Animal TotalsGeographic Extent: 48 contiguous United States, Alaska, Hawaii, and Puerto RicoProjection: Web Mercator Auxiliary SphereSource: USDA National Agricultural Statistics ServiceUpdate Frequency: 5 yearsData Vintage: 2022Publication Date: April 2024AttributesNote that some values are suppressed as "Withheld to avoid disclosing data for individual operations", "Not applicable", or "Less than half the rounding unit". These have been coded in the data as -999, -888, and -777 respectively. You should account for these values when symbolizing or doing any calculations.Commodities included in this layer:Animal Totals - Expense, Measured in US Dollars ($)Animal Totals - Operations with ExpenseAnimal Totals, (Excl Breeding) - Expense, Measured in US Dollars ($)Animal Totals, (Excl Breeding) - Operations with ExpenseAnimal Totals, Breeding - Expense, Measured in US Dollars ($)Animal Totals, Breeding - Operations with ExpenseAnimal Totals, Incl Products - Operations with SalesAnimal Totals, Incl Products - Sales, Measured in US Dollars ($)Animal Totals, Products Only, (Excl Aquaculture Products & Honey) - Operations with Sales: TotalAnimal Totals, Products Only, (Excl Aquaculture Products & Honey) - Sales, Measured in US Dollars ($): TotalGeography NoteIn Alaska, one or more county-equivalent entities (borough, census area, city, municipality) are included in an agriculture census area.What can you do with this layer?This layer is designed for data visualization. Identify features by clicking on the map to reveal the pre-configured pop-up. You may change the field(s) being symbolized. When symbolizing other fields, you will need to update the popup accordingly. Simple summary statistics are supported by this data.Questions?Please leave a comment below if you have a question about this layer, and we will get back to you as soon as possible.

The US crop services industry is currently navigating a period of growth in response to several key market dynamics, particularly within the agricultural sector. The rising demand for organic crops, driven by consumers seeking sustainable, chemical-free food options, is increasing revenue for service providers offering specialized support for organic farming practices. Meanwhile, in the broader crop market, there are mixed impacts. Wheat prices have seen an upward trend due to reduced yields in the EU and export restrictions from Russia, prompting wheat growers to increase investment in soil preparation and crop spraying services, thereby boosting demand. Conversely, the crop markets for corn and soybeans have faced pressure from increased production in Brazil, pressuring prices and encouraging growers to save on costs, tempering otherwise solid service revenue growth. Overall, industry revenue has increased at a CAGR of 0.1% in the current period, reaching $36.0 billion after a drop of 2.1% in 2025. Labor costs significantly influence the crop services industry, as agricultural wages have outpaced those in non-farm sectors due to a shortage of skilled workers. This increase in labor expenses, compounded by restrictive immigration policies, poses a challenge to maintaining profitability. Although revenue has risen, profit has declined as many service providers find it difficult to transfer rising wages and high purchase costs to their clients, who are themselves contending with reduced crop receipts. The pressure of keeping service prices competitive amid rising operational costs is forcing providers to implement cost-control measures such as mechanization and worker training programs to sustain profitability and continue delivering essential services to the agricultural sector. Looking ahead, the crop services industry is bracing for a period of revenue declines amid challenges in sustaining profit. With record-level crop yields forecasted through 2025, there will be increased opportunities for agricultural services to enhance harvesting efficiency and optimize yields. However, these production gains will also push crop prices downwards due to heightened global stock levels, greatly constraining farmers' spending on industry services and leading to declining revenues. Beyond 2025, planted acreage is expected to taper off, though crop prices will remain low as well, depressed by increasing international competition. Additionally, climate change and sustainability initiatives are expected to play critical roles in providing new sources of demand for adaptive and resilient farming solutions. Service providers focusing on innovation and aligning with these emerging needs—particularly within sustainable practices—can position themselves as essential partners and better weather the negative effects that dropping crop prices will have. Industry revenue is estimated to decrease at a CAGR of 1.6% to reach $33.3 billion in 2030.

Agribusiness includes the production, wholesale and processing levels of the food supply chain to the point of retail sale. Businesses in the industry include meat processors, grain wholesalers, agricultural machinery manufacturers and farmers. In recent years, COVID-19 caused revenue for the industry to decline, as spending on food away from home took a big hit. Despite this, agribusinesses benefited from the fact that grocery spending was still strong. The recovery from the pandemic created supply chain disruptions and excess demand, which resulted in high agricultural prices, boosting revenue. The relaxation of pandemic restrictions also made more people eat out, creating another source of income for agribusinesses.Despite these positive trends, the industry faces major threats from rising interest rates, which has made the cost of borrowing for new food processing plants and farm equipment more expensive, causing revenue to drop in 2022 and 2023. International markets have also disrupted agribusinesses, as trade wars and the appreciating dollar has caused exports and revenue to fall. Overall, revenue for agribusiness has declined at a CAGR of 0.7% over the past five years, reaching $4.1 trillion in 2023. Revenue will creep downward 1.9% in that year.The near future looks more optimistic for agribusinesses. The growing economy will result in rising incomes, raising spending on agricultural products and boosting revenue. The dollar will also depreciate, causing a boom in exports and reviving international markets. Biofuels are forecast to become more important, as concerns about climate change will increase their production. Since biofuels are made from crops, more investment in them will benefit the industry. Agricultural prices will decline modestly, so this will dampen the performance of agribusinesses somewhat. Overall, revenue for agribusiness will rise at a CAGR of 0.5% during the outlook period, reaching $4.2 trillion in 2028. Profit will remain steady, comprising 4.8% of revenue in 2028.

The Census of Agriculture provides a detailed picture every five years of U.S. farms and ranches and the people who operate them. Conducted by USDA's National Agricultural Statistics Service, the 2012 Census of Agriculture collected more than six million data items directly from farmers. The Ag Census Web Maps application makes this information available at the county level through a few clicks. The maps and accompanying data help users visualize, download, and analyze Census of Agriculture data in a geospatial context. Resources in this dataset:Resource Title: Ag Census Web Maps. File Name: Web Page, url: https://www.nass.usda.gov/Publications/AgCensus/2012/Online_Resources/Ag_Census_Web_Maps/Overview/index.php/ The interactive map application assembles maps and statistics from the 2012 Census of Agriculture in five broad categories:

Crops and Plants – Data on harvested acreage for major field crops, hay, and other forage crops, as well as acreage data for vegetables, fruits, tree nuts, and berries. Economics – Data on agriculture sales, farm income, government payments from conservation and farm programs, amounts received from loans, a broad range of production expenses, and value of buildings and equipment. Farms – Information on farm size, ownership, and Internet access, as well as data on total land in farms, land use, irrigation, fertilized cropland, and enrollment in crop insurance programs. Livestock and Animals – Statistics on cattle and calves, cows and heifers, milk cows, and other cattle, as well as hogs, sheep, goats, horses, and broilers. Operators – Statistics on hired farm labor, tenure, land rented or leased, primary occupation of farm operator, and demographic characteristics such as age, sex, race/ethnicity, and residence location.

The Ag Census Web Maps application allows you to:

Select a map to display from a the above five general categories and associated subcategories. Zoom and pan to a specific area; use the inset buttons to center the map on the continental United States; zoom to a specific state; and show the state mask to fade areas surrounding the state. Create and print maps showing the variation in a single data item across the United States (for example, average value of agricultural products sold per farm). Select a county and view and download the county’s data for a general category. Download the U.S. county-level dataset of mapped values for all categories in Microsoft ® Excel format.

United States US: GDP: 2010 Price: USD: Gross Value Added at Factor Cost: Agriculture data was reported at 215.244 USD bn in 2016. This records an increase from the previous number of 193.423 USD bn for 2015. United States US: GDP: 2010 Price: USD: Gross Value Added at Factor Cost: Agriculture data is updated yearly, averaging 148.224 USD bn from Dec 1997 (Median) to 2016, with 20 observations. The data reached an all-time high of 215.244 USD bn in 2016 and a record low of 108.254 USD bn in 1998. United States US: GDP: 2010 Price: USD: Gross Value Added at Factor Cost: Agriculture data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s USA – Table US.World Bank: Gross Domestic Product: Real. Agriculture corresponds to ISIC divisions 1-5 and includes forestry, hunting, and fishing, as well as cultivation of crops and livestock production. Value added is the net output of a sector after adding up all outputs and subtracting intermediate inputs. It is calculated without making deductions for depreciation of fabricated assets or depletion and degradation of natural resources. The origin of value added is determined by the International Standard Industrial Classification (ISIC), revision 3 or 4. Data are in constant 2010 U.S. dollars.; ; World Bank national accounts data, and OECD National Accounts data files.; Gap-filled total; Note: Data for OECD countries are based on ISIC, revision 4.

The Inflation Reduction Act (IRA) will fund almost *** billion U.S. dollars toward climate technologies and energy infrastructure over the next decade. Of this total, an estimated ** percent will be tax credits, while the remaining costs will be direct expenditures on areas such as forestry and agriculture and energy loans. Clean electricity generation and storage will account for the largest share of spending, at ** percent. The IRA represents the largest single climate spending bill in U.S. history.

Snapshot img

Smart Agriculture Market Size 2024-2028

The smart agriculture market size is valued to increase USD 10.98 billion, at a CAGR of 10.22% from 2023 to 2028. Availability of low-cost cloud services encouraging adoption of smart farming will drive the smart agriculture market.

Major Market Trends & Insights

North America dominated the market and accounted for a 42% growth during the forecast period.
By Type - Precision farming segment was valued at USD 3.8 billion in 2022
By Product - Hardware segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 147.48 million
Market Future Opportunities: USD 10982.30 million
CAGR : 10.22%
North America: Largest market in 2022

Market Summary

The market represents a dynamic and evolving sector, driven by the adoption of core technologies such as precision farming, automation, and IoT. These innovations enable farmers to optimize crop yields, reduce water usage, and enhance overall operational efficiency. According to recent reports, the global market for smart farming solutions is experiencing significant growth, with big data and cloud services playing a crucial role. In fact, the availability of low-cost cloud services is encouraging farmers to adopt smart farming practices, leading to a projected 25% adoption rate by 2025. However, high initial investments in smart farming technology present a major challenge for smaller farming operations.
Despite this, the market continues to expand, fueled by regulatory support and the increasing demand for sustainable farming practices. For instance, the European Union's Common Agricultural Policy provides incentives for farmers to invest in precision farming and other smart agriculture technologies. This ongoing evolution underscores the market's potential for continued growth and innovation.

What will be the Size of the Smart Agriculture Market during the forecast period?

Get Key Insights on Market Forecast (PDF) Request Free Sample

How is the Smart Agriculture Market Segmented and what are the key trends of market segmentation?

The smart agriculture industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Type

  Precision farming
  Smart greenhouse
  Livestock monitoring
  Others


Product

  Hardware
  Software
  Services


Geography

  North America

    US
    Canada


  Europe

    UK


  APAC

    China
    India


  Rest of World (ROW)

By Type Insights

The precision farming segment is estimated to witness significant growth during the forecast period.

In the realm of modern agricultural practices, the integration of technology is revolutionizing the industry with smart agriculture. This market encompasses various hardware components designed to optimize productivity, efficiency, and sustainability. One significant hardware segment is Sensors and Monitoring Systems. These devices collect real-time data on environmental factors and crop conditions, measuring parameters like temperature, humidity, soil moisture, pH levels, nutrient content, and weather conditions. By integrating data from multiple sensors, farmers receive valuable insights for informed decision-making. Another essential hardware segment is Weather Forecasting Tools, which employ remote sensing applications to analyze weather patterns and predict future conditions. This information is vital for farmers to plan and adapt their agricultural practices accordingly.

Greenhouse Gas Emissions are also a focus area in smart agriculture, with sensor network deployment used to monitor and reduce emissions, contributing to more sustainable agricultural practices. Machine Learning Algorithms and IoT Agriculture Platforms are transforming animal health management by enabling automated livestock monitoring systems. Controlled Environment Agriculture and Precision Farming Techniques, such as hydroponic cultivation methods and nutrient management strategies, are gaining popularity for their ability to optimize crop yield and water use efficiency. The market for smart agriculture is thriving, with sensor adoption growing by 22% and precision fertilization methods increasing by 18%. Furthermore, the market is expected to expand in the future, with yield prediction models and crop growth modeling projected to grow by 25% and 20%, respectively.

Request Free Sample

The Precision farming segment was valued at USD 3.8 billion in 2018 and showed a gradual increase during the forecast period.

Soil health indicators and automated irrigation systems are also expected to see significant growth, with increases of 19% and 17%, respectively. In conclusion, the market is continuously evolving, with various hardware components playi