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.