Graph and download economic data for Government subsidies: Federal: Agricultural (L312041A027NBEA) from 1960 to 2023 about subsidies, agriculture, federal, government, GDP, and USA.

United States - Government subsidies: Federal: Agricultural was 10.97200 Bil. of $ in January of 2023, according to the United States Federal Reserve. Historically, United States - Government subsidies: Federal: Agricultural reached a record high of 46.45600 in January of 2020 and a record low of 0.53000 in January of 1974. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Government subsidies: Federal: Agricultural - last updated from the United States Federal Reserve on October of 2025.

Payments made by the Department of Agriculture, Farm Service Agency to US agricultural producers participating in Farm Bill programs including commodity, price support, disaster assistance and conservation. Payments may be searched by payee, program, year, commodity, state, county, farm, payment date and amount paid.

The crop agriculture sector is heavily supported by the government, with a multitude of programs aimed at providing farmers with some level of income stability in a business plagued with unpredictability. This report includes outlays provided for wheat, sorghum, barley and oats. The majority of subsidies extended to growers are regulated under the farm bill, an overarching piece of agricultural legislation passed about every five years. The 2018 Farm Bill was passed in December 2018. The data for this report, including forecasts, are sourced from the Farm Service Agency (FSA), a part of the US Department of Agriculture (USDA). All figures reflect the net outlays for each fiscal year in nominal dollars.

The crop agriculture sector is heavily supported by the government, with a multitude of programs aimed at providing farmers with some level of income stability in a business plagued with unpredictability. This report includes outlays provided for wheat, sorghum, barley and oats. The majority of subsidies extended to growers are regulated under the farm bill, an overarching piece of agricultural legislation passed about every five years. The 2018 Farm Bill was passed in December 2018. The data for this report, including forecasts, are sourced from the Farm Service Agency (FSA), a part of the US Department of Agriculture (USDA). All figures reflect the net outlays for each fiscal year in nominal dollars.

The crop agriculture sector is heavily supported by the government, with a multitude of programs aimed at providing farmers with some level of income stability in a business plagued with unpredictability. This report includes outlays provided for wheat, sorghum, barley and oats. The majority of subsidies extended to growers are regulated under the farm bill, an overarching piece of agricultural legislation passed about every five years. The 2018 Farm Bill was passed in December 2018. The data for this report, including forecasts, are sourced from the Farm Service Agency (FSA), a part of the US Department of Agriculture (USDA). All figures reflect the net outlays for each fiscal year in nominal dollars.

The crop agriculture sector is heavily supported by the government, with a multitude of programs aimed at providing farmers with some level of income stability in a business plagued with unpredictability. This report includes outlays provided for wheat, sorghum, barley and oats. The majority of subsidies extended to growers are regulated under the farm bill, an overarching piece of agricultural legislation passed about every five years. The 2018 Farm Bill was passed in December 2018. The data for this report, including forecasts, are sourced from the Farm Service Agency (FSA), a part of the US Department of Agriculture (USDA). All figures reflect the net outlays for each fiscal year in nominal dollars.

This dataset is about book subjects. It has 4 rows and is filtered where the books is Potential challenges to U.S. farm subsidies in the WTO. It features 10 columns including number of authors, number of books, earliest publication date, and latest publication date.

This dataset is a combination of data from the USDA National Statistics Service and Economic Research Service. It has been processed to create a rolling 3-year expectation of return per acre for growing soybean. It factors in yield, commodity price, wastage, costs and subsidies over the period 1990-2017.

From 1910 until 1941, net income from farming fluctuated greatly. Income peaked at 8.8 billion U.S. dollars in the late 1910s, after the U.S. joined the First World War in 1917, which caused agricultural demand to skyrocket. Production then rose to meet this demand, but the war's end resulted in a surplus of goods which drove down crop prices and led to a farming crisis in the early-1920s.

Great Depression After recovery in the late-1920s, the Great Depression saw agricultural and rural sectors become some of the hardest-hit industries in the economy, as crop prices fell once more and international trade tariffs were raised. A scenario emerged where returns were so low that farmers were losing money by taking their goods to market - a large share of agricultural produce spoiled or was destroyed as a result, all while much of the population was going hungry. This was compounded by a series of droughts and sandstorms (known as the Dust Bowl) in the South and Midwest, which led to crop failure in many areas. Many farmers' homes were foreclosed, and rural eviction rates were high. This saw the concept of the penny auction emerging - this was where neighbors would go to home auctions, intimidate potential buyers, purchase the house, and return it to its original owner - however, most farmers were not lucky enough to have this support, especially Black sharecroppers, and many families migrated westward or to urban areas in search of opportunities.

Recovery Federal relief via the Agricultural Adjustment Act (AAA) helped stabilize the agricultural sector after 1933, as part of the New Deal. The AAA granted subsidies for farmers who limited their production, therefore increasing crop prices and rejuvenating the agricultural sector (although this system unintentionally favored larger landowners over sharecroppers). The government also bought large numbers of livestock for slaughter, as a means of rapidly injecting capital into the industry. Initially, a tax was levied against large companies that processes agricultural produce (namely food, textile, and cigarette companies) in order to fund the AAA, but the Supreme Court ruled this as unconstitutional in 1936, and the government funded these subsidies from 1938 onward.

According to Cognitive Market Research, Agricultural Crop Insurance Market Size was USD XX Milion in 2024 and is set to achieve a market size of USD XX Million by the end of 2033 growing at a CAGR of XX% from 2025 to 2033.

North America held largest share of XX% in the year 2024 
Europe held share of XX% in the year 2024 
Asia-Pacific held significant share of XX% in the year 2024 
South America held significant share of XX% in the year 2024
Middle East and Africa held significant share of XX% in the year 2024

Market Dynamics of Agricultural Crop Insurance Market

Key Drivers of Agricultural Crop Insurance Market

Increasing government subsidies for agricultural crop insurance drive market growth

More government backing for insuring farmers against price, income, and yield volatility has led to a broader range of crop insurance coverage options. In nations such as the United States and India, where agriculture is a crucial sector of the economy, increasing agricultural risk complexity affects the entire sector because of issues such as declining land area, climate change, and increased prices. Governments have largely reacted by implementing support policies for the agricultural industry, fueling growth in associated markets. The United States Department of Agriculture provides an incentive premium to producers who planted cover crops in the 2022 crop year (USDA). Producers need to report cover crop acreage on or before March 15, 2022, in order to be eligible for this year's Pandemic Cover Crop Program. In many regions, governments are stepping in to provide financial support to encourage farmers to adopt crop insurance and protect themselves against risks like extreme weather, pests, and market fluctuations. For instance, in India the government has significantly enhanced its support for crop insurance under the Pradhan Mantri Fasal Bima Yojana (PMFBY). In the 2023-2024 fiscal year, the government allocated ?14,600 crores to subsidize insurance premiums, with subsidies covering up to 50-60% of the insurance premium for farmers, depending on the crop and region. Similarly, in the United States, the Federal Crop Insurance Corporation (FCIC), managed by the USDA, subsidizes about 60% of the cost of crop insurance premiums, making it more affordable for farmers. These subsidies have led to significant growth in enrollment, with more than 1.2 million farmers participating in the program annually. Thus, by reducing the financial burden on farmers, these subsidies foster greater participation in agricultural insurance programs, driving the overall market growth and helping farmers mitigate risks that could otherwise threaten their livelihoods.

Increasing crop loss due to alterations in climatic conditions is driving agricultural crop insurance market

The crop insurance market globally is set to expand because of the growing alteration in climatic conditions worldwide. Global warming is one of the foremost causes of rapid alteration in climatic factors. According to reports from the National Oceanic and Atmospheric Administration (NOAA), the temperature of the earth has risen by 0.14° Fahrenheit each decade since 1880. The climate conditions have been changing more obviously in recent decades. The major impact of global warming can be observed with the rising number of floods across the world and an increased frequency of draughts and other urgent issues that have a direct impact on agricultural crops. Weather conditions keep changing and are now unpredictable in recent years. furthermore many nations have experienced out-of-season regular rain or extended summer or winter day periods. The crop cycle gets greatly impacted by these changes as crop yield relies heavily on outside weather conditions. For instance According to estimates provided by the National Aeronautics and Space Administration (NASA), maize production record a 24% decline as early as 2030. These basic changes can significantly affect the supply chain sector for farm produce and cause severe financial danger to businesses and individuals engaged in the agricultural sector. Crop insurance is a guarantee against loss of finances and thus the risk of loss of income is much greater nowadays, the need for effective crop insurance policies is also expected to pick up pace. For instance In 2023, California experienced one of its worst droughts in decades, affecting over 4 million acres of farml...

Series Name: Agricultural export subsidies (millions of current United States dollars)Series Code: AG_PRD_XSUBDYRelease Version: 2020.Q2.G.03 This dataset is the part of the Global SDG Indicator Database compiled through the UN System in preparation for the Secretary-General's annual report on Progress towards the Sustainable Development Goals.Indicator 2.b.1: Agricultural export subsidiesTarget 2.b: Correct and prevent trade restrictions and distortions in world agricultural markets, including through the parallel elimination of all forms of agricultural export subsidies and all export measures with equivalent effect, in accordance with the mandate of the Doha Development RoundGoal 2: End hunger, achieve food security and improved nutrition and promote sustainable agricultureFor more information on the compilation methodology of this dataset, see https://unstats.un.org/sdgs/metadata/

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Haying Machinery Market Size 2024-2028

The haying machinery market size is forecast to increase by USD 3.33 billion at a CAGR of 5.91% between 2023 and 2028. The market is experiencing significant growth, driven by various factors. Government initiatives to support the mechanization of agricultural operations, particularly in developing countries, are a major catalyst. Integration of advanced technology, such as GPS guidance systems and autonomous steering, is another key trend, enhancing efficiency and productivity.

However, volatility in raw material prices poses a challenge, as does the high initial investment required for purchasing modern haying machinery. Despite these challenges, the market is expected to continue expanding due to the increasing demand for mechanized agricultural processes and the need to improve farming productivity.

Market Analysis

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The market is a significant segment of the agricultural equipment industry, encompassing various types of machinery used in the production, processing, and storage of hay. Key players in this market include balers, forage harvesters, disc mowers, mower conditioners, rakes, tedders, blowers, storage boxes, and moisture sensors. Grain farmers rely on hay as a crucial source of feed for livestock during the winter months. The market is driven by factors such as the need for self-sufficiency in animal feed production, increasing demand for plant-based feed, and the availability of credit facilities, farm subsidies, and low-interest rates. Automation is a significant trend in the market, with self-propelled balers and self-propelled forage harvesters gaining popularity due to their maneuverability and precision agriculture capabilities.

Other factors influencing market growth include the drying process, OEMs, aftermarkets, and large farms. The market for haying machinery includes various types of machinery used in the production, processing, and storage of hay, including balers, forage harvesters, disc mowers, mower conditioners, rakes, tedders, blowers, storage boxes, and moisture sensors. These machines are essential for farmers to ensure a consistent and efficient haying process, from the cutting and drying of the crop to the baling and storage of the final product. The market is expected to grow significantly in the coming years, driven by the increasing demand for plant-based feed and the need for self-sufficiency in animal feed production.

Additionally, the availability of credit facilities, farm subsidies, and low-interest rates is making it easier for farmers to invest in new and more efficient machinery. Self-propelled balers and self-propelled forage harvesters are gaining popularity in the market due to their maneuverability and precision agriculture capabilities. These machines offer farmers the ability to efficiently harvest and process large quantities of hay in a short amount of time, making them an essential investment for large-scale farming operations. Automation is another trend that is influencing the market. The integration of technology into haying machinery is making it possible for farmers to monitor and control their equipment remotely, ensuring optimal performance and reducing the need for manual labor.

The market is also being driven by the drying process, which is a critical step in the production of high-quality hay. Moisture sensors are becoming increasingly common in haying machinery, allowing farmers to monitor the moisture content of their hay in real-time and ensure that it is dried to the optimal level. OEMs and aftermarkets are also playing a significant role in the market. OEMs are constantly innovating and developing new machinery to meet the evolving needs of farmers, while aftermarkets offer farmers the ability to repair and maintain their existing machinery, ensuring that it remains in good working order.

In conclusion, the market is a dynamic and growing industry that plays a crucial role in the production of hay for animal feed. Driven by factors such as the increasing demand for plant-based feed, the need for self-sufficiency in animal feed production, and the availability of credit facilities, farm subsidies, and low-interest rates, the market is expected to continue growing in the coming years. With trends such as automation, precision agriculture, and the integration of technology into haying machinery, farmers are able to produce higher quality hay more efficiently and effectively than ever before.

Market Segmentation

The market 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.

End-user

  Large farm
  Small and medium farm


Product

  Balers
  Mowers
  Tedders and rakes


Geography

  Europe

    Germany
    France
    Italy


  North America

    US

The global growing period crop insurance market is experiencing robust growth, driven by increasing climate change volatility, rising food prices, and growing government initiatives to support farmers. The market, estimated at $50 billion in 2025, is projected to exhibit a Compound Annual Growth Rate (CAGR) of 8% from 2025 to 2033, reaching approximately $95 billion by 2033. This expansion is fueled by several key factors. Firstly, unpredictable weather patterns, including more frequent droughts, floods, and extreme temperatures, are creating significant yield uncertainties for farmers, leading to increased demand for risk mitigation solutions. Secondly, the global food security concern is prompting governments worldwide to implement policies that incentivize crop insurance adoption, offering subsidies and promoting awareness among farming communities. Technological advancements, such as precision agriculture and remote sensing, are also contributing to the market's growth by improving risk assessment and claim processing efficiency. Furthermore, the market is segmented by insurance type (e.g., yield insurance, revenue insurance, area-yield insurance), coverage level, and agricultural commodity, each exhibiting unique growth trajectories influenced by regional variations in climate and agricultural practices. Despite the positive growth outlook, the market faces certain restraints. These include the high cost of premiums, particularly for smallholder farmers in developing countries, and the complexities of assessing crop losses accurately. Furthermore, a lack of awareness about crop insurance benefits and insufficient infrastructure in certain regions can hinder broader adoption. Overcoming these challenges through targeted educational campaigns, innovative insurance products tailored to specific needs, and technological solutions will be crucial for sustainable market expansion. The United States currently holds a significant share of the global market due to its well-developed agricultural insurance infrastructure and supportive regulatory environment. However, emerging economies in Asia and Africa are expected to demonstrate faster growth rates in the coming years, driven by increasing agricultural production and government support for agricultural risk management.

Digital Livestock Farming Market Outlook

The global digital livestock farming market size was estimated at USD 2.5 billion in 2023 and is projected to reach USD 5.8 billion by 2032, growing at a CAGR of 10.2% from 2024 to 2032. This substantial growth is driven by the increasing adoption of advanced technologies in agriculture, aimed at enhancing productivity, efficiency, and sustainability in livestock management. The market's expansion is also fueled by the growing demand for high-quality animal products and the need to meet rising global food requirements.

One of the most significant growth factors in the digital livestock farming market is the rising global population, which intensifies the demand for food, including meat and dairy products. As the population grows, so does the necessity for more efficient and sustainable farming practices. Digital technologies, such as IoT, AI, and data analytics, provide farmers with real-time data and insights to optimize animal health, feeding, and breeding practices, thereby boosting productivity and reducing operational costs. Moreover, the awareness regarding animal welfare and the benefits of precision farming are compelling farmers to adopt these advanced solutions.

Another crucial factor contributing to market growth is the increasing governmental and private sector investments in agricultural technology. Various governments worldwide are implementing policies and providing subsidies to encourage the adoption of digital farming solutions. For instance, several countries in Europe and North America have launched initiatives to promote smart farming practices, which include the use of digital tools for livestock management. These initiatives are designed to enhance farm profitability, ensure food security, and reduce environmental impact, thereby driving the market forward.

The advancements in technology and the integration of innovative solutions in farming practices are also pivotal in propelling market growth. Technologies such as blockchain, AI, machine learning, and IoT are revolutionizing the livestock farming sector. These technologies facilitate better tracking, monitoring, and management of livestock, ensuring higher efficiency and productivity. For example, AI-powered health monitoring systems can detect diseases at an early stage, allowing for timely intervention and reducing mortality rates. Similarly, IoT-enabled devices provide real-time data on livestock conditions, enhancing decision-making processes.

Regionally, North America holds a significant share in the digital livestock farming market, driven by the early adoption of advanced farming technologies and well-established agricultural infrastructure. Europe follows closely, with substantial investments and supportive government policies promoting smart farming practices. Meanwhile, the Asia Pacific region is expected to witness the highest growth rate, attributed to the rapidly increasing population, rising demand for animal products, and ongoing technological advancements in the agriculture sector. Latin America and the Middle East & Africa are also gradually adopting digital livestock farming solutions, driven by the need to improve agricultural productivity and sustainability.

Component Analysis

The digital livestock farming market can be segmented by component into hardware, software, and services. The hardware segment encompasses devices such as sensors, GPS systems, RFID tags, and other monitoring equipment essential for collecting data on livestock. These devices play a crucial role in providing real-time information on various parameters, including animal health, location, and behavior. The increasing demand for precision farming techniques significantly drives the hardware segment, as these devices are pivotal in executing precision farming practices effectively. Furthermore, advancements in sensor technologies and the reduction in costs are contributing to the segment's growth.

The software segment includes data analytics platforms, farm management systems, and livestock monitoring software. These software solutions enable farmers to analyze data collected from various hardware devices, transforming it into actionable insights. The software segment is experiencing substantial growth due to the rising adoption of cloud-based solutions and AI-driven analytics. These tools assist farmers in making informed decisions, enhancing farm productivity, and ensuring better animal health management. The integration of user-friendly interfaces and mobile applications also boosts the adoption rate of these software solutions among farmers of

According to Cognitive Market Research, the global Agribusiness market size is USD 33514845.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 3.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 13405938.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 1.2% from 2024 to 2031.


Europe accounted for a share of over 30% of the global market size of USD 10054453.56 million.


Asia Pacific held the market of around 23% of the global revenue with a market size of USD 7708414.40 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.0% from 2024 to 2031.


Latin America market of more than 5% of the global revenue with a market size of USD 1675742.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.4% from 2024 to 2031.


Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 670296.90 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.


The Manufacturers held the highest Agribusiness market revenue share in 2024

Market Dynamics of Agribusiness Market

Key Drivers for Agribusiness Market

Increasing Global Food Demand Due to Population Growth: The swift rise in the global population, particularly in developing nations such as India, China, and certain regions of Africa, is a major factor driving the demand for food. This escalating need for food compels both governments and private entities to enhance their investments in modern agribusiness infrastructure and technologies. Additionally, urbanization is altering consumption trends towards packaged and processed foods, which in turn boosts agricultural production and value-added supply chains. Technological Innovations in Agricultural Practices: Precision agriculture, IoT-enabled sensors, drones, AI-driven analytics, and satellite imagery are transforming the agricultural landscape. These innovations enable farmers to monitor soil conditions, forecast yields, optimize irrigation, and enhance crop health, thus increasing productivity and profitability. Automation and agri-tech startups are improving efficiency and decreasing reliance on manual labor, particularly in developed regions such as the U.S., Australia, and Western Europe. Government Initiatives and Subsidies Supporting Agribusiness: Governments worldwide are proactively assisting farmers and agribusinesses through subsidies, tax incentives, crop insurance programs, and investments in infrastructure. Initiatives such as India’s PM-KISAN, the U.S. Farm Bill, and the EU’s Common Agricultural Policy (CAP) offer substantial financial support. These programs enhance access to capital, encourage exports, and help alleviate price volatility and climate risks, promoting sustainable growth in the sector.

Key Restraints for Agribusiness Market

Climate Change and Environmental Uncertainty: Unpredictable weather patterns, increasing temperatures, droughts, floods, and various climate-related events pose significant threats to agricultural productivity. These elements diminish crop yields, elevate input costs, and disrupt supply chains. Small-scale farmers in developing nations are especially at risk due to their limited access to adaptive technologies, insurance, and irrigation systems. Land Degradation and Scarcity of Arable Land: Urban expansion, industrial growth, deforestation, and inadequate land management practices are contributing to a decline in the availability of fertile land for farming. Soil erosion, salinization, and nutrient depletion further compromise agricultural productivity. This situation poses challenges to sustainable farming practices and heightens competition for land resources among agriculture, urban development, and conservation initiatives. Supply Chain Disruptions and Price Volatility: The agribusiness sector is extremely sensitive to interruptions in transportation, storage, and export logistics. Factors such as geopolitical tensions, trade restrictions, pandemic-related limitations, and fluctuations in fuel prices create bottlenecks within the supply chain. Furthermore, agricultural commodities face considerable price volatility, which impacts the profitability of farmers and agribusiness enterprises.

Key Trends for

Agribusiness Market

...

The Global Farm Variable Rate Technologies (VRT) Market is experiencing robust growth, driven by the increasing need for precision agriculture and optimized resource utilization. Farmers are increasingly adopting VRT solutions to enhance efficiency, reduce input costs, and improve crop yields. Technological advancements, such as improved sensor technology, GPS accuracy, and data analytics capabilities, are fueling market expansion. The integration of VRT with other precision farming technologies, like autonomous tractors and drones, further contributes to its rising adoption. This market is segmented by technology type (e.g., variable rate seeding, spraying, fertilization) and application (e.g., row crops, orchards, vineyards). North America and Europe currently dominate the market, driven by high adoption rates and technological advancements in these regions. However, Asia-Pacific is expected to witness significant growth in the coming years, fueled by rising agricultural production and increasing investments in modern farming techniques. Competition within the market is intense, with established players like Deere & Company and Trimble competing with specialized VRT providers like Ag Leader and Raven Industries. While high initial investment costs can pose a barrier to entry for some farmers, government subsidies and favorable financing options are facilitating market penetration, particularly in developing economies. The forecast period from 2025-2033 anticipates continued strong growth, potentially exceeding a Compound Annual Growth Rate (CAGR) of 8%, influenced by ongoing technological innovations and increasing awareness of the benefits of precision agriculture. Factors such as increasing labor costs, rising fertilizer prices, and the growing need for sustainable agricultural practices are further boosting market demand. However, challenges such as the need for reliable internet connectivity in rural areas and the complexity of integrating various VRT systems could potentially impede market growth to some degree. Nevertheless, the overall market outlook remains positive, with continued expansion expected across all key segments and regions.

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US Agricultural Machinery Market Size 2024-2028

The US agricultural machinery market size is forecast to increase by USD 10.17 billion at a CAGR of 6.37% between 2023 and 2028.

The agricultural machinery market in the US is witnessing significant growth due to the increasing adoption of advanced machinery. This trend is driven by the need for higher productivity and efficiency in farming operations. Moreover, the integration of data analytics and artificial intelligence (AI) in agricultural machinery is gaining momentum, enabling farmers to make data-driven decisions and optimize their yields. However, the high initial costs of purchasing and maintaining these advanced machines pose a challenge for small and medium-scale farmers.
Moreover, emission regulations, such as TREM Stage-IV, are also influencing the market, pushing manufacturers to develop machines that comply with these standards. The US government's Farm Service Agency's FAME scheme is further encouraging the adoption of bio-diesel and other alternative fuels, which are more environmentally friendly and reduce the carbon footprint of agricultural machinery. Companies like CNH Industrial and JFarm Service are at the forefront of this innovation, offering advanced machinery and services to help farmers optimize their operations and increase their profits.

What will be the size of the market during the forecast period?

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The agricultural machinery market in the United States is experiencing significant growth due to several factors. With a focus on enhancing food production to ensure security for the growing population and addressing labor shortages, large-scale farming operations are increasingly relying on mechanization. Arable land in the US is vast, making the efficient use of resources essential. Agricultural machinery plays a crucial role in maximizing productivity on these lands. Mechanization of agriculture has become a necessity for farmers to maintain competitiveness and reduce operational costs. The labor force in the agricultural sector is shrinking, leading to a higher demand for machinery that can perform multiple tasks. Pre-owned agriculture equipment is also gaining popularity due to its affordability and availability. The Inflation Reduction Act, a US legislation, is expected to boost the agriculture machinery market. The act includes provisions for incentives and subsidies for farmers to invest in modern agricultural equipment and technologies. Farmers are turning to rental services like MacAllister Rentals and Farmkart to access the latest machinery without the upfront costs.
Moreover, emission regulations, such as Tier 4, are driving the demand for advanced tractor models. The agriculture economy in the US is showing positive signs, with farmers investing in modern machinery to increase yields and reduce operational costs. Agriculture machinery and equipment are becoming essential components of modern farming operations. The US market for agriculture machinery is diverse, with key players like CNH Industrial, Kubota, and others offering a wide range of products. Farmers are increasingly adopting machinery to improve productivity, reduce labor requirements, and ensure optimal use of resources. In conclusion, the agricultural machinery market in the United States is witnessing steady growth due to factors such as the need for food security, labor shortages, and the availability of financing options. The market is expected to continue growing as farmers invest in modern machinery to enhance productivity and reduce operational costs.

How is this market segmented and which is the largest segment?

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

Application

  Land development and seedbed preparation
  Sowing and planting
  Harvesting and threshing
  Others


Type

  Tractors
  Harvesting
  Haying machinery
  Planting and fertilizing machinery
  Plowing and cultivating machinery


Geography

  US

By Application Insights

The land development and seedbed preparation segment is estimated to witness significant growth during the forecast period.

In the United States, the agricultural sector has seen an expansion in farm sizes due to various factors, including economies of scale and consolidation among farmers. To effectively manage larger acreages, farmers rely on advanced agricultural equipment for land development and seedbed preparation. The agriculture industry is continuously striving to enhance yields and optimize land utilization. Agricultural machinery is a vital component in the preparation of land for intensive farming practices, such as precision agriculture, high-density planting, and controlled-environment cultivation.

Moreover, innovations in ag

The global agriculture precision planting market is experiencing robust growth, driven by the increasing demand for higher crop yields and efficient resource utilization. Technological advancements in GPS-guided machinery, sensor technology, data analytics, and automation are revolutionizing farming practices. Farmers are increasingly adopting precision planting techniques to optimize seed placement, fertilizer application, and irrigation, leading to improved crop quality, reduced input costs, and enhanced sustainability. The market is segmented by technology (e.g., GPS-guided planters, variable-rate technology, automated steering systems), application (e.g., row crops, specialty crops), and farm size. Major players are continuously innovating to offer integrated solutions that combine hardware, software, and data services, further boosting market expansion. While high initial investment costs can present a barrier to entry for some farmers, government subsidies and favorable financing options are mitigating this challenge. The market is geographically diverse, with North America and Europe currently dominating, but significant growth potential exists in emerging economies as technology adoption accelerates. Competition is intense, with established agricultural machinery manufacturers and technology companies vying for market share. Future growth will depend on continued technological advancements, improved data integration, and the development of cost-effective solutions suitable for smaller farms. The forecast period of 2025-2033 anticipates a continued upward trajectory for the agriculture precision planting market. Factors such as increasing global population and the resulting pressure on food production, growing awareness of sustainable agriculture practices, and the increasing availability of affordable precision planting technologies will fuel market expansion. Further segmentation will emerge as specific solutions are tailored for different crops and soil conditions. Mergers and acquisitions are likely to continue shaping the competitive landscape, as companies strive for scale and diversification. Furthermore, the integration of artificial intelligence and machine learning into precision planting systems promises to significantly enhance efficiency and decision-making in the years to come. The market's long-term outlook remains positive, with continued growth anticipated, driven by both technological advancements and the ever-growing need for sustainable and efficient food production methods.