Forecast: Total Government Expenditure in Agriculture in the UK

In 2023, the UK's government expenditure on agriculture was 0.18% of its total budget. Analyzing the forecast data, there is a clear downward trend from 2024 to 2028. Year-on-year, we observe a consistent reduction starting with 5.88% in 2025, followed by shifts of 12.50% in 2026, 7.14% in 2027, and 15.38% in 2028. The compound annual growth rate (CAGR) indicates a decline of 10.95% annually from 2024 to 2028.

Future trends to watch:

  • Increased emphasis on sustainability and digital agriculture could drive changes in funding allocation.
  • Potential policy shifts related to climate change and food security might influence budget revisions.
  • Brexit implications and changing trade relations may affect agricultural subsidy frameworks.

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