In 2023, Canada's fodder corn production was reported at 10.5 million metric tons. Forecast data from 2024 show a consistent decline in production, beginning at 10.022 million metric tons in 2024 and decreasing to 8.4073 million metric tons by 2028. This represents a year-on-year decrease averaging around 5% for the initial years, with an estimated compound annual growth rate (CAGR) of approximately -4.25% from 2024 to 2028. The trend points towards a noticeable contraction in Canada's fodder corn output over the upcoming period.
Future trends to watch for include:
-Potential impacts of climate change on crop yields.
-Shifts in global demand for fodder corn and alternative livestock feeds.
-Technological advancements in agricultural practices and their adoption rates.
-Government policies affecting agricultural production and exports.
