What's Happening?
The U.S. Department of Agriculture's National Agricultural Statistics Service has released the 2024 Census of Horticultural Specialties report, which includes mushrooms and hemp in its data for the first time. This report is the only comprehensive source
of production and sales data for floriculture, nursery, and specialty crops across the United States. The 2024 data reveals that horticulture operations sold a total of $18.3 billion in these crops. The census highlights that family- or individually-owned operations make up the majority of the operations, while corporate-owned operations account for the majority of sales. The report also notes a significant increase in industry expenses, with labor costs being the largest expense. The census, first conducted in 1889, provides valuable insights into the horticulture sector's contribution to the economy and industry changes over the past five years.
Why It's Important?
The inclusion of mushrooms and hemp in the USDA's horticultural sales data underscores the growing importance of these crops in the U.S. agricultural landscape. This expansion reflects broader trends in consumer demand for diverse and sustainable agricultural products. The data provides critical insights for policymakers, industry stakeholders, and investors, highlighting the economic contributions of the horticulture sector. The report's findings on increased sales and expenses can inform future agricultural policies and business strategies, particularly in addressing labor costs and operational efficiencies. The census data also supports the development of targeted support and investment strategies to bolster the sector's growth and sustainability.
What's Next?
The release of the 2024 Census of Horticultural Specialties may prompt further analysis and discussion among industry stakeholders and policymakers. As the data highlights significant growth and challenges, stakeholders might explore strategies to optimize labor costs and enhance productivity. Additionally, the inclusion of mushrooms and hemp could lead to increased research and development efforts to support these crops' cultivation and market expansion. Policymakers may consider using the data to develop initiatives that support the horticulture sector's continued growth and address its challenges, such as labor shortages and rising operational costs.
