Forecast: Animal Output Subsidies in the UK

In 2023, the animal output subsidies in the UK stood at 97.13 million Euros. From 2024 to 2028, the forecasted subsidies display a consistent upward trend, rising from 110.93 million Euros to 165.47 million Euros. This reflects a year-on-year increase ranging from 12.5% in initial years to approximately 8.8% in 2028. Over the five-year period, the compound annual growth rate (CAGR) is anticipated to be 11.5%, indicating robust sustained growth in government support for the animal sector.

Future trends to watch for include:

  • Impact of post-Brexit agricultural policies on subsidy levels.
  • Potential shifts in subsidy allocation due to environmental and sustainability goals.
  • Changing market demands and their influence on subsidy effectiveness.

Top Countries about Livestock