Published on 26 Sep 2023 on Insider Monkey via Yahoo Finance

15 Biggest Agricultural Companies in the US

In this article, we shall cover the 15 biggest agricultural companies in the US. To skip our detailed analysis of some of the risks and potentials affecting the American agricultural industry in 2023, go directly and see 5 Biggest Agricultural Companies in the US.

According to an outlook presented by the US Department of Agriculture in 2023, the US agricultural GDP is expected to reach up to $173 billion by 2026, up 0.6% annually since 2021. The market is estimated to have grown more than 2% year-on-year since 2002. Some of the biggest agricultural companies in the American market today are Archer-Daniels-Midland (NYSE:ADM), Bunge Ltd. (NYSE:BG), and Tyson Foods Inc. (NYSE:TSN).

Despite such impressive statistics, a recent article by McKinsey posits that even the biggest agricultural companies in the US are currently under immense pressure. Across the world, farmers complain that prices for agricultural input like fertilizer and crop protection chemicals are at an all-time high, currently rising by more than 250% over the past couple of years. Moreover, the exacerbation of the climate change crisis is introducing further problems, as rising temperatures are leading to increased weather variability, more frequent acute conditions, longer periods of drought, and new species of invasive crops and pests, all of which collectively is significantly reducing annual yields. In the American Southwest, for example, there is a massive drought underway for the past 20 years, and experts have claimed that the the 21st century has been the region's driest time period in at least 1200 years.