The Future of AgTech

Reference

Every number on this site, and where it came from.

Figures are drawn from federal statistical agencies, published industry investment reporting and policy research. Where a figure carries a date, that date is the reporting period rather than the publication year. This page was last reviewed in August 2026.

01The foundation

What agriculture was to the American economy, and what it still is.

    Agriculture employed 41 percent of the United States labor force in 1900 and employs under 2 percent today.

    The decline in headcount tracks a century of productivity growth rather than contraction, driven by public research through land grant universities, extension services and federal laboratories.

    Our World in Data, from historical labor force series

    Agriculture, food and related industries contributed about $1.537 trillion to United States GDP, a 5.5 percent share.

    Farm output itself accounted for $222.3 billion of that total, roughly 0.8 percent of GDP. The farm share is small and carries the production risk for the rest.

    USDA Economic Research Service
02The public retreat

Federal and state investment in agricultural research, and what it returns.

    United States public agricultural research and development peaked at $7.64 billion in 2002 and had fallen to $5.16 billion by 2019, about a third lower in real terms.

    Figures in constant 2019 dollars, covering USDA laboratories, land grant universities and cooperating institutions. Public R&D investment is the primary driver of long term agricultural productivity growth.

    USDA Economic Research Service

    China overtook the United States as the largest public funder of agricultural research in 2011 and by 2015 was spending roughly twice as much.

    China was spending more than $10 billion a year on agricultural research and development by 2015, close to five times its own spending in 2000.

    USDA Economic Research Service

    Public agricultural research has returned about $20 to the United States economy for every $1 spent since 1900.

    More than four out of five estimated rates of return fall between 20 and 60 percent, with a median estimate of 45 percent. Benefits reach the farm sector, the food industry and consumers.

    USDA Economic Research Service
03The private retreat

Private capital flows into agricultural technology, and the sector composition behind the headline totals.

    Global agrifoodtech funding reached $16.2 billion in 2025, down 3 percent year over year.

    Upstream companies, meaning those building technology for farms and food production, drew about $9 billion, up 7 percent, while deal count fell 12 percent. Deep technology has risen to 32 percent of agrifoodtech deals from 22 percent a decade ago.

    AgFunder Global AgriFoodTech Investment Report 2026

    Agricultural technology investment grew roughly 20 times between 2012 and 2021, against about 11 times for venture capital overall, then fell by roughly 30 percent.

    Figure compiled from sector investment reporting covering the decade to 2021, the peak year for agrifoodtech funding, and the decline in the years since as capital moved toward sectors with shorter return cycles.

    Sector investment reporting, 2012 to 2021

    Approximately 80 percent of early stage capital went to artificial intelligence and quantum computing in 2025.

    Share of early stage venture allocation concentrated in two technology categories, reported across venture market analyses for the 2025 calendar year.

    Venture market reporting, 2025

04The bill

What withdrawn investment looks like once it reaches the national accounts.

    The United States ran an agricultural trade surplus for nearly sixty years until 2019. It now runs a deficit, which reached about $49 billion in 2025.

    Agricultural exports grew at a compound annual rate of 2.3 percent between 2015 and 2025 while imports grew at 5.8 percent. USDA projected a deficit of $41.5 billion for fiscal 2026, still above the $32 billion recorded in fiscal 2024.

    USDA Economic Research Service and American Farm Bureau Federation

    The average age of a United States farm producer is 58.1 years, and has risen in every census since 2002.

    There are four times as many producers aged 65 and over as there are under 35. Producers younger than 45 represented 22 percent of the total in 2022, up from 20 percent in 2017.

    USDA Census of Agriculture, 2022

    The Department of Labor certified approximately 363,000 H-2A seasonal farm worker positions in fiscal year 2024.

    Foreign born workers represent roughly two thirds of the hired farm labor force, with undocumented workers accounting for around 40 percent of hired crop laborers.

    U.S. Department of Labor and Congressional Research Service
05Adoption and translation

How much agricultural technology is actually in use, and how little research reaches a field.

    Only 27 percent of United States farms or ranches used precision agriculture practices to manage crops or livestock.

    Based on 2023 USDA reporting. Adoption rises sharply with operation size across every technology category measured.

    USDA Economic Research Service

    Guidance autosteering was used by 70 percent of large scale crop farms and 52 percent of midsize farms, while variable rate technology reached 45 percent of large farms and only 5 percent of small family farms.

    Small family farms are defined as those with gross cash farm income below $350,000. Machine vision weed detection and autonomous grain carts remain in the single digits of adoption at every farm size.

    USDA Economic Research Service and U.S. Government Accountability Office

    One research pipeline study followed 560 genetic traits and found five that were eventually commercialized for farmers.

    Cited in analysis of technology diffusion in agriculture, alongside findings that thin margins, low risk tolerance and a lack of commercial testbeds are the primary barriers to moving results onto working farms.

    World Intellectual Property Report 2026
06Capital geography

Where private investment concentrates, and how little of it reaches the places where agriculture happens.

    The San Francisco Bay Area took 41.3 percent of all United States startup capital raised in 2025.

    More than the next seven largest venture markets combined. New York took 14 percent, Los Angeles 8.3 percent and Boston 6.6 percent over the same year.

    Carta, Top Startup Ecosystems 2025

    Ten micropolitan areas accounted for 57 percent of the $851 million in average annual private capital reaching micropolitan America between 2021 and 2023.

    Of 178 micropolitan areas that raised capital through Regulation D across the period, concentration within rural America mirrors the national pattern.

    Center on Rural Innovation

    Five metropolitan areas captured more than 90 percent of the nation's innovation sector growth between 2005 and 2017, while the bottom 90 percent of metros lost share.

    The authors' proposed remedy is to concentrate federal innovation inputs in a small number of places that already hold research capacity, a science and engineering talent base, and room to grow.

    Atkinson, Muro and Whiton, The Case for Growth Centers, Brookings Metro and ITIF
07Virginia

The scale of agriculture in the Commonwealth and the profile of the county named as an example.

    Agriculture is Virginia's largest private industry, with an economic impact of $82.3 billion a year and more than 381,800 jobs.

    Value added impact is reported at $43.8 billion. Counted together with forestry, the combined industries produce roughly $105 billion in annual impact and more than 490,000 jobs.

    Virginia Department of Agriculture and Consumer Services

    Pulaski County, Virginia has an estimated population of 33,523 and a median household income of $62,028.

    Population is a 2026 estimate. Median household income is the 2024 figure, up from $60,767 the prior year. Manufacturing remains the county's largest employment sector. It is cited here as one example of a rural county holding land, producers and an industrial workforce.

    U.S. Census Bureau and Data USA
08Precedent

The Research Triangle as the closest documented analogue to a deliberately concentrated regional research cluster.

    Research Triangle Park produces $25.1 billion in annual economic impact, equal to 4.1 percent of North Carolina's gross domestic product.

    Nearly 400 companies and more than 55,000 employees across 7,000 acres. In 2026 companies and landowners approved a framework permitting mixed use development for the first time in the park's history.

    Research Triangle Park Foundation

    North Carolina ranked 47th of 48 states in per capita income in the 1950s.

    The state economy ran on tobacco, textiles and furniture, and university graduates left the state to find work. The Raleigh and Durham region has since grown past 2.2 million residents.

    North Carolina History Project and regional reporting
09Image credits

All photography on this site is used under a public domain dedication or a license permitting commercial reuse. Color grading has been applied for visual consistency. No image depicts a specific facility, company or program discussed on this site.

10Method and disclosure

This site is published by a private interest group working on agricultural technology in Virginia. It is an advocacy site. It argues that both public and private investment should move back toward agriculture and agricultural technology, and that regions holding land, producers and research capacity are where that investment does the most work. Readers should weigh the figures on this page against that stated position.

Nothing here is presented as neutral analysis and no claim of independence is made. Where a figure comes from a federal statistical agency it is labeled as such. Where a figure comes from private investment reporting, the publisher is named. Numbers that appear in more than one place are cited to the earliest primary source available.

Corrections are welcome. If a figure on this site is out of date or wrong, it will be changed.