Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 63.37 Billion | USD 92.55 Billion | 3.86% | 2024 |
FrequentlyAsked Questions
Contract farming is an agricultural practice in which farmers enter into an agreement or contract to produce certain crops, pregnant or livestock as predetermined with an agribusiness, cooperative, or system. It is an integrated system that provides a framework for agriculture and marketing, helping to bridge the gap between farmers and buyers.
The global contract farming market is expected to grow due to Rising need for stable supply chains and guaranteed pricing in agriculture fuels growth. Supportive government policies and corporate investments also drive adoption.
According to a study, the global contract farming market size was worth around USD 63.37 Billion in 2024 and is expected to reach USD 92.55 Billion by 2034.
The global contract farming market is expected to grow at a CAGR of 3.86% during the forecast period.
Asia-Pacific is expected to dominate the contract farming market over the forecast period.
Leading players in the global contract farming market include Cargill Inc., Archer Daniels Midland Company (ADM), Olam International Limited, Nestlé SA, Tyson Foods Inc., JBS SA, Bunge Limited, Wilmar International Limited, Louis Dreyfus Company (LDC), and COFCO Corporation., among others.
The report explores crucial aspects of the contract farming market, including a detailed discussion of existing growth factors and restraints, while also examining future growth opportunities and challenges that impact the market.
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