In 2023, the agricultural output subsidies in the UK were valued at 72.34 million euros. The forecast from 2024 to 2028 shows a consistent upward trend in these subsidies, with values increasing notably each year. Year-on-year, the subsidies are anticipated to grow by approximately 7.94% from 2024 to 2025, and by about 7.24% annually in the subsequent years up to 2028. This indicates a robust commitment to support agriculture in the UK. Overall, the compound annual growth rate (CAGR) from 2024 to 2028 is projected at approximately 7.49%, reflecting a strategic focus on bolstering this sector.
Future trends to watch include potential regulatory changes impacting subsidy allocations, the effect of Brexit on agricultural policies, and the integration of sustainability practices. Monitoring global agricultural commodity prices and climate change impacts on farming will also be crucial in anticipating future subsidy requirements and effectiveness.
