The U.S. agriculture sector extends beyond the farm business to include a range of farm-related industries. In 2021, agriculture, food and related industries contributed roughly $1.264 trillion to U.S. gross domestic product (GDP) – a 5.4% share – and provided 10.5% of U.S. employment. Americans’ expenditures on food in 2021 ranged from 7.6% to 30.6% of household income.
Recently, exports from US farms were a record $177 billion, an increase of 18 percent over 2020 and up 14.6% over the previous record set in 2014. With current robust markets for US agricultural products and positive future projections for the sector, now is a great time to sell your agricultural business for top price. It is also a good time to buy an agriculture business that has the ability to grow substantially.
