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.

This statistic shows the total gross farm income in the United States from 2000 to 2024. In 2001, the gross farm income totaled some 249.9 billion U.S. dollars. By the end of 2023, it increased to 573 billion U.S. dollars.

Access North America Agriculture Analytics Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Offering, Agriculture Type, Farm Size, Technology, End-User

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.

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.

Precision agriculture systems and services have experienced substantial growth over the past five years. This growth is primarily driven by the increased adoption of IoT and smart devices, allowing farmers to optimize production efficiencies through real-time data on soil conditions, crop health and weather patterns. Despite initial disruptions from the COVID-19 pandemic, the industry demonstrated resilience due to technological advancements, improved agricultural markets and increasing demand for larger equipment. As a result, industry revenue has grown at a CAGR of 10.9% to $7.6 billion in 2024, with a 1.4% increase in 2024 alone. Advances in drone technology, precision farming software and data analytics have further contributed to this robust growth, enabling more precise and efficient farming practices. Industry profit is predominantly driven by demand from agribusiness sectors, government support and ongoing technological innovations. The various downstream markets, including farm machinery manufacturers, family-owned farms and publicly funded research operations, significantly contribute to revenue generation. The rapid adoption of cutting-edge technologies such as AI, ML and smart devices, combined with government policies promoting sustainable agricultural practices, has bolstered industry profit during the current period. Additionally, partnerships between tech companies and agricultural firms have accelerated innovation, enhancing the capabilities of precision agriculture technologies and supporting higher profitability for machinery manufacturers and service providers. The industry is projected to sustain its robust expansion, growing at a CAGR of 2.7% to $8.7 billion over the next five years. The continuation of favorable policies, such as the potential renewal of the Farm Bill, will support rural development and provide financial aid that make precision agriculture products more accessible. Advances in AI and machine learning will further revolutionize farm management through predictive analytics and automated decision-making capabilities. However, challenges persist, such as the reluctance of some farmers to adopt new technologies and concerns over data security and privacy. Despite these challenges, the expansion of autonomous farming equipment and the increased penetration of broadband and mobile technologies in rural areas are expected to drive greater acceptance and integration of precision agriculture practices, ensuring the industry's sustained growth and profitability.

According to Cognitive Market Research, the global Smart Agriculture Farming market size will be USD 17254.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 9.70% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 6901.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.9% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5176.26 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 3968.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.7% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 862.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 345.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.4% from 2024 to 2031.
The Hardware held the highest Smart Agriculture Farming market revenue share in 2024.

Market Dynamics of Smart Agriculture Farming Market

Key Drivers

Increasing the use of modern technologies in agriculture products to propel market growth

Utilizing its full potential, smart agriculture can assist farmers in minimizing the adverse impacts of climate change on crops by collecting geospatial data on planting, soil, livestock, and other data between and within fields. Reducing resource waste, smart agriculture also provides information on the proper dosage of irrigation, liquid fertilizer, insecticides, and herbicides. Modern agricultural technologies like yield mapping software (YMS), data management software, global positioning system (GPS), variable rate technology (VRT), and mapping software help boost soil fertility, boost profitability, lower farming costs, and support sustainable agriculture. Smart agriculture tools have two main benefits: increased productivity for businesses through automated procedures and superior output at reduced farming costs. Smart agriculture technology is projected to make agribusiness more profitable than it has ever been. Thus, in an effort to increase crop yields and profitability, business-minded farmers have started utilizing a variety of smart agricultural instruments. The worldwide smart agriculture market is expected to expand quickly over the anticipated time due to the increasing adoption of modern technology in agricultural goods by business-oriented farmers.

Internet of Things (IoT) adoption in agriculture is growing to propel market growth

The increasing adoption of Internet of Things (IoT) technology in agriculture provides real-time support through IoT apps, assisting farmers in tracking the development of new products. By using IoT applications with traditional agriculture processes, producers can focus on providing their consumers with high-quality food instead of spending time and money on resources like land, electricity, and water. Precision farming enhances crop and soil health and allows organic food to be distributed to a wide range of end consumers. IoT-based agricultural equipment helps reduce the use of pesticides and fertilizers in this way. The extensive use of IoT technology in agriculture helps farmers adapt to major variations in weather, humidity, and air efficiency. It uses data analytics, visualization, and a variety of management tools and solutions to automate conventional farming activities. The application of IoT technology in agriculture reduces carbon emissions and boosts farm productivity by utilizing cutting-edge sustainable technologies to conserve energy and water.

Key Restraint

Fragmented agriculture sector to hinder market growth

Decentralized, the agricultural sector comprises a multitude of autonomously operated large, medium, and small-scale farms. A standardized machine-to-machine (M2M) solution is challenging to implement because of this fragmentation since each farm may have distinct needs and operate differently. Due to the incorrect distribution of inputs and resources caused by land fragmentation, costs are subsequently elevated. Encouraging, m...

State fact sheets provide information on population, income, education, employment, federal funds, organic agriculture, farm characteristics, farm financial indicators, top commodities, and exports, for each State in the United States. Links to county-level data are included when available.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: Query tool For complete information, please visit https://data.gov.

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.

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

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As of 2020, Nutrien Ag Solutions held a 21 percent share of the agricultural retail market in the United States. The leading U.S. agricultural retailers had a combined revenue of 21.8 billion U.S. dollars in 2019.

This statistic shows the total U.S. farm income from crops between 2010 and 2022, with a forecast for 2023 and 2024. In 2022, farms' cash receipts from this commodity came to around 278 billion U.S. dollars.

This statistic represents U.S. agriculture sector commercial vehicle sales between 2012 and 2020. It is expected that some 246,300 commercial vehicles will be sold to customers coming from the U.S. agricultural sector by 2020.

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Agribusiness Market Size 2025-2029

The agribusiness market size is forecast to increase by USD 843.4 million, at a CAGR of 4.6% between 2024 and 2029.

The market is experiencing significant shifts driven by population growth, which is leading to an increased demand for food production. This trend is placing immense pressure on the industry to find innovative solutions to meet the rising demand, particularly in the context of a shrinking amount of arable land. One response to this challenge is the adoption of automation in agriculture, with technologies such as precision farming, drones, and robotics gaining traction. These solutions aim to optimize resource usage and increase efficiency, enabling farmers to produce more with less land. However, the implementation of automation also presents challenges, including high upfront costs and the need for significant investment in technology and infrastructure.
Additionally, regulatory compliance and data security concerns add complexity to the adoption process. To capitalize on the market opportunities presented by population growth and the need for more efficient agriculture, companies must navigate these challenges and invest in technologies that can help them stay competitive while addressing the sustainability and productivity demands of the industry.

What will be the Size of the Agribusiness Market during the forecast period?

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The market continues to evolve, shaped by various dynamics that impact different sectors. Land use patterns are shifting, with an increasing focus on carbon sequestration and sustainable farming practices. Precision agriculture is revolutionizing yield optimization, while food processing and packaging technologies advance to ensure food safety and traceability. Seed production and agricultural biotechnology are driving innovation in crop production, and harvesting equipment is becoming more efficient and eco-friendly. Food security remains a critical concern, leading to the adoption of irrigation systems, biodiversity conservation, and sustainable farming practices. Livestock feed and breeding are undergoing transformations, with a focus on disease prevention and environmental sustainability.

Pest control methods are evolving, with a shift towards more natural and less harmful alternatives. Supply chain management is becoming more complex, with the integration of farm management software and crop rotation techniques. Water conservation is a priority, with new technologies and practices emerging to address this challenge. Agribusiness investment is on the rise, driven by market volatility and price fluctuations due to climate change adaptation and commodity trading. Direct marketing and consumer dietary trends are influencing food distribution, with a growing demand for locally sourced and organic produce. Vertical farming and agricultural finance are gaining traction, offering solutions to land tenure issues and providing access to capital for small-scale farmers.

The ongoing unfolding of these market activities and evolving patterns underscores the continuous nature of the agribusiness landscape.

How is this Agribusiness Industry segmented?

The agribusiness industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Product

  Grains and cereals
  Dairy
  Oilseeds
  Livestock
  Others


Application

  Agrichemicals
  Seed business
  Breeding
  Machinery and equipment


Technology

  Traditional agriculture
  Mechanized farming
  Precision agriculture and smart farming
  Organic and sustainable Farming


Distribution Channel

  Retail chains and supermarkets
  Wholesale distribution
  Direct-to-consumer
  Food processing and manufacturing companies


Farm Size

  Small-Scale Farms
  Medium-Scale Farms
  Large-Scale Farms


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Argentina
    Brazil


  Rest of World (ROW)

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By Product Insights

The grains and cereals segment is estimated to witness significant growth during the forecast period.

The market encompasses various sectors, including grains and cereals, dairy production, land use, carbon sequestration, agricultural machinery, organic farming, yield optimization, food security, irrigation systems, biodiversity conservation, supply chain management, livestock feed, livestock breeding, pest control, poultry farming, government subsidies, farm management software, crop rotation, water conservati

In recent years, the US corn farming industry has experienced volatile revenue largely driven by changes in corn prices, production levels and crop yields. Early in the current period, up through 2022, corn prices saw a significant increase, which resulted in considerable revenue growth for farmers. This increase was fueled by high demand for biofuels and animal feeds and limited global supplies. However, as production ramps up both domestically and internationally, the industry has begun to feel downward pressure on corn prices. Record yields have led to oversupply, driving prices downward and increasing market competition. While sectors like livestock agriculture and industrial production have supported demand, the surplus has outpaced consumption and kept prices lower, causing challenges for farmers trying to maintain profit as fertilizer and seed prices stay high. Industry revenue has grown at a CAGR of 1.9% to reach an estimated $66.9 billion after a decrease of 5.6% in 2025. On the international front, the US corn export market has demonstrated resilience despite reduced demand from China, driven by geopolitical tensions and China's shift toward agricultural self-sufficiency. Retaliatory tariffs have further strained this trade relationship, while increased corn production from South America has intensified global competition, impacting US market share. However, the Russia-Ukraine conflict has disrupted Ukrainian corn supplies, leading many countries to turn to the US as an alternative source. This shift has bolstered exports to Asian and Latin American markets, mitigating the decline from China. Reduced domestic demand for products like high fructose corn syrup due to health concerns has made international trade increasingly vital for balancing the US corn market. Corn prices will remain volatile in the coming years, influenced by fluctuating crude oil prices that impact ethanol production and growing international competition. Policy changes, such as ethanol mandates and evolving trade agreements, will reshape international demand, offering growth opportunities abroad if US farmers can adapt to new biofuel and market needs. Climate change is a significant concern, threatening yields due to heat stress and shifting precipitation and insect population patterns. To protect productivity, farmers will have to invest more in fertilizers, pesticides, irrigation technologies and drought-tolerant crops. Industry revenue is forecast to grow at a CAGR of 0.7% to reach $69.1 billion in 2030.

This statistic shows the revenue of the industry “agriculture, construction, and mining machinery manufacturing“ in the U.S. by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of agriculture, construction, and mining machinery manufacturing in the U.S. will amount to approximately **** billion U.S. Dollars by 2024.

The organic crop farming industry has experienced significant challenges in recent years despite broader growth in the agricultural sector. Strong crop prices have helped farmers in the US expand their revenue, but this inflation has not been entirely positive for premium-priced organic foods. Because organic crops are seen as luxury expenses, as prices for produce rise, more people have substituted them out for cheaper, non-organic options. This substitution means that organic crop farmers were not able to take full advantage of the high crop prices of previous years, and as they have begun to deflate, revenue has sunk. Declines in healthy eating and fruit and vegetable consumption have hurt demand for organic crops as well. Industry revenue has declined at a CAGR of 1.4% and is expected to reach $6.5 billion in 2024 as revenue drops an estimated 12%. Organic crop farmers have struggled with declining profitability due to volatile input costs, currency fluctuations and rising interest rates. Spiking input costs in recent years, particularly crude oil, have increased production expenses. While this can benefit revenue when farmers can pass costs onto consumers, the sharp ups and downs of energy, fertilizer and seed prices have made it difficult to quickly do so, and profit has suffered as a result. Furthermore, a stronger US dollar has made organic exports more expensive, reducing international demand and pushing farmers to rely on the domestic market. High interest rates add to the challenges by limiting farmers' access to capital needed for growth and efficiency. The organic farming industry's outlook is mixed for the next five years. Falling agricultural prices will have a strong negative impact on crop revenue, which, when combined with further drops in vegetable consumption and healthy eating habits, poses a big threat to organic crop farming revenue. Nonetheless, as consumer spending power increases and inflation decreases, organic options are set to regain favor, providing a buffer against major revenue declines. Furthermore, the growing emphasis on the environment is influencing consumer choices, with more customers choosing to pay higher prices for organic goods that are produced with sustainable practices. Revenue is forecast to decrease at a CAGR of 0.5% to reach $6.3 billion in 2029.

Access North America Agriculture Robots Industry Overview which includes North America country analysis of (United States, Canada, Mexico), market split by Drone Type, Component, Farming Environmen, Farm Produce, Application

Global Agriculture market size is expected to reach $20637.4 billion by 2029 at 7.4%, segmented as by type, animal produce, crop production, rural activities

As of 2022, the market size of the precision agriculture sector in Jordan was around one million U.S. dollars, and it was estimated to grow its revenue to 3.8 million U.S. dollars by 2028. Between 2022 and 2028, the estimated growth rate of the precision agriculture market in Jordan was 12.8 percent.