The Business Enterprise Expenditure on R&D in Agricultural and Veterinary Sciences in Canada is projected to rise from 520 million CAD in 2024 to 565 million CAD by 2028. This consistent increase represents a steady year-on-year growth of about 2% over the forecasted period, with a compound annual growth rate (CAGR) of approximately 2% over five years.

Future trends to watch for include:

Integration of technology and data analytics in R&D to enhance productivity and sustainability in agriculture.
Increased focus on innovation for climate-resilient crops and veterinary practices.
Potential policy shifts affecting funding and regulation in the agricultural sector.