Forecast: Value Added of Agriculture, Forestry and Fishing in Canada

The value added of agriculture, forestry, and fishing in Canada from 2024 to 2028 is consistently forecasted to remain at 3.13. This steady projection into perpetuity reflects a stable sector without anticipated significant growth or decline over these years. Comparatively, in 2023, these industries had a slightly lower output, indicating a modest year-on-year increase for 2024.

Future trends to watch for in this sector include:

  • Technological advancements in precision agriculture, which could potentially boost productivity.
  • The effects of climate change on crop yields, influencing both production volumes and value.
  • Shifts in trade policies and international market demand that could impact exports from Canada's agricultural and forestry sectors.

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