The forecast for rental and leasing expenses in Canadian agriculture indicates an upward trend from 2024 to 2028, starting at 82.28 million CAD in 2024 and reaching 121.28 million CAD by 2028. This shows a consistent annual increase, with the year-on-year percentage growth between 2024 and 2028 averaging around 10%. In 2023, the rental and leasing expenses were lower than the projected values for 2024, indicating a steady rise in costs.
Key trends to watch for in the future include:
- Potential impacts of technological advancements on rental and leasing costs.
- Changes in government policies affecting agricultural leasing expenses.
- Market conditions and economic factors that could influence pricing.
