In 2023, the total value of agricultural production at farm gate in Canada stood at 67.4 billion Canadian dollars. Moving to the forecasted data, from 2024 to 2028, we observe a consistent year-on-year growth with an increase from 68.6 billion in 2024 to 74.02 billion in 2028, showing a strong upward trajectory. The annual growth rate illustrates a steady upward trend, leading to a calculated annual growth rate of approximately 1.69% over this five-year period.
Key future trends to watch for include the impact of climate change on crop yields, technological advancements in agriculture leading to increased efficiency, and evolving trade policies that could affect the market. Additionally, shifts in consumer preferences towards sustainable and organic products may influence production strategies.
