How big is the global agriculture industry?

How big is the global agriculture industry?

$2.4 Trillion
Over one billion people worldwide work in agriculture generating $2.4 trillion for the global economy. Plant science innovations are vital to keep crops healthy and maintain this thriving economy.

How big is the agriculture industry 2020?

Currently, USDA is forecasting that 2020 Net Farm Income will total $119.6 billion, 43.1% above 2019 levels. Adjusted for inflation, U.S. net farm income will be at its highest level since 2014 and well above the 20 year average.

What country is #1 in agriculture?

Top Exporters

Commodity Leading country % of Global Exports
Corn United States 26% ($7.6 billion)
Fish China 9.2% ($6.6 billion)
Palm Oil Indonesia 51% ($10.4 billion)
Rice Thailand 34.5% ($6 billion)

What country has the biggest agricultural industry?

China is the top country by gross value of agricultural production in the world.

What is the agriculture industry worth worldwide?

The global market size of smart agriculture is expected to grow from approximately 9.58 billion U.S. dollars in 2017 to 23.14 billion U.S. dollars by 2022….Forecast market value of smart agriculture worldwide in 2017 and 2022 (in billion U.S. dollars)

Characteristic Market value in billion U.S. dollars

How much of the global economy is agriculture?

Value added in the agricultural sector as percent of GDP, 2019 – Country rankings: The average for 2019 based on 171 countries was 10.21 percent. The highest value was in Sierra Leone: 54.34 percent and the lowest value was in San Marino: 0.02 percent. The indicator is available from 1960 to 2020.

How many farms are in the US 2020?

2.02 million
In the most recent survey, there were 2.02 million U.S. farms in 2020, down from 2.20 million in 2007. With 897 million acres of land in farms in 2020, the average farm size was 444 acres, only slightly greater than the 440 acres recorded in the early 1970s.

Is the agriculture industry dying?

“We have seen a 30-year decline in almost every single metric. They’re all bad. The number of jobs lost, the average net income down 45 percent since 2013. Total acreage farmed nationwide dropped 1.6 percent, while the average farm size increased by the same percentage, to 441 acres.

Which country is No 2 in agriculture?


Vegetable First Second
Chickpea India Turkey
Pulses (total) India United Kingdom
Cauliflowers and Broccoli China India
Eggplant China India

What is the rank of India in agriculture?

India ranks second worldwide in farm outputs. As per 2018, agriculture employed more than 50% of the Indian work force and contributed 17–18% to country’s GDP.

Which country is best in agriculture in the world?

Agriculture, value added (current US$) – Country Ranking

Rank Country Year
1 China 2018
2 India 2018
3 United States 2017
4 Indonesia 2018

Which country has the most agricultural land in the world?

China is the top country by agricultural land area in the world. As of 2018, agricultural land area in China was 5.29 million sq. km that accounts for 11.03% of the world’s agricultural land area. The top 5 countries (others are the United States of America, Australia, Brazil, and Kazakhstan) account for 36.43% of it.

How does agriculture depend on industries?

Industrialized agriculture depends on fossil fuels in two fundamental ways: direct consumption on the farm and manufacture of inputs used on the farm. Direct consumption includes the use of lubricants and fuels to operate farm vehicles and machinery. Agriculture and food system share (%) of total energy.

What jobs are related to agriculture?

With a degree in agriculture you can be a manager of a farm or ranch, a technician, consultant, scientist, animal breeder, crop production technician, farmer, health and regulatory inspector, soil conservationist, and aquaculturist, just to name a few of the careers.

What is agriculture and industry?

Agriculture is an industry. It provides economic growth to many areas of a community. Agriculture processes a raw material, and these raw goods are then manufactured. It is a diverse industry making it a great employment avenue. Some areas of the industry are: Farming, equipment sales, equipment repairs,…

Is agriculture the engine of growth?

Several studies have been conducted found that the agricultural sector is the engine of development (the engine of growth) both in terms of provision of raw materials and ingredients for food, as well as an input for products produced by other sectors ( Apostolidou et al., 2014;Tiffin & Irz, 2006;Valdes, 1991).