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Agriculture Sector

Agriculture Sector Facing Challenges of Falling Meat Consumption and Adapting to Climate Change

08 January 2021

One challenge facing the agriculture sector is falling global meat consumption as a result of restaurant closures and COVID-19 outbreaks at meat processing plants. US per capita meat consumption could continue to drop until 2025 according to the University of Missouri’s Food & Agriculture Policy Research Institute (FAPRI). Some analysts have also suggested that meat consumption will decline in key US export markets which could result in a sharp decline in meat prices. Farmers are also faced with the challenge of adapting to climate change and investing in climate friendly practices.

Many US farmers relied on government stimulus programs in 2020. FAPRI estimates that federal farm payments will fall from $32 billion in 2020 to $16 billion in 2021 and that without a strong economic recovery, farm income could decrease by more than $10 billion. Many farmer organizations have argued that stimulus programs are insufficient and unsustainable in the long term. These organizations instead advocate for solutions like revenue based payments, increased loan forbearance and effective climate change mitigation strategies. 

We have included a selection of our most popular market research on agriculture below.

Research and Markets offers more information on this topic:

U.S. Smart Agriculture Market by Component and Type: U.S. Opportunity Analysis and Industry Forecast, 2020-2027- Product Image
U.S. Smart Agriculture Market by Component and Type: U.S. Opportunity Analysis and Industry Forecast, 2020-2027- Product Image
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U.S. Smart Agriculture Market by Component and Type: U.S. Opportunity Analysis and Industry Forecast, 2020-2027
  • From
  • Report
  • August 2020
  • 95 Pages
  • Region: United States
The U.S. smart agriculture market size was valued at $2,512.9 million in 2019, and is projected to reach $4,386.8 million by 2027, registering a CAGR of 9.6% from 2020 to 2027. Smart agriculture is anticipated...
Precision Farming/Agriculture Market Analysis, By Component By Technology, By Application By Region Forecasts To 2027- Product Image
Precision Farming/Agriculture Market Analysis, By Component By Technology, By Application By Region Forecasts To 2027- Product Image
Precision Farming/Agriculture Market Analysis, By Component By Technology, By Application By Region Forecasts To 2027
  • From
  • Report
  • April 2020
  • 298 Pages
  • Region: Global
The increasing usage of IoT in the agriculture sector is contributing to the growth of the Precision Farming/Agriculture Market. Market Size in 2019 - USD 5.6 Billion, Market Growth - CAGR of 13.2%, Market...
Global Precision Livestock Farming Market 2020-2024- Product Image
Global Precision Livestock Farming Market 2020-2024- Product Image
Global Precision Livestock Farming Market 2020-2024
  • From
  • Report
  • September 2020
  • 120 Pages
  • Region: Global
Global Precision Livestock Farming Market 2020-2024 The precision livestock farming market is poised to grow by $ 2.17 bn during 2020-2024, progressing at a CAGR of 10% during the forecast period. This report...
General Crop Farming - Global Market Outlook (2019-2027)- Product Image
General Crop Farming - Global Market Outlook (2019-2027)- Product Image
General Crop Farming - Global Market Outlook (2019-2027)
  • From
  • Report
  • September 2020
According to the report, the Global General Crop Farming market accounted for $309.19 billion in 2019 and is expected to reach $436.35 billion by 2027 growing at a CAGR of 4.4% during the forecast period. The...
Agriculture in the USA- Product Image
Agriculture in the USA- Product Image
Agriculture in the USA
  • From
  • Report
  • October 2020
  • 27 Pages
  • Region: United States
In early 2020, the COVID-19 outbreak reached the US, and in the following months the country became the most affected globally in terms of number of infections and deaths. Subsequent lockdowns and restrictions...