The forecast for the total value of agricultural production at the farm gate in Canada is expected to grow from 45.39 billion euros in 2024 to 48.61 billion euros in 2028. The compounded annual growth rate (CAGR) during this period is approximately 1.7%. Comparatively, the year-on-year growth from 2024 to 2025 is 1.8%, signaling a steady upward trend. In 2023, the base year, the production value was notably lower, marking a progressive increase.
Future trends to watch for include:
- Impact of climate change on crop yields and production.
- Technological advancements in agriculture to enhance efficiency.
- Policy shifts affecting agricultural subsidies and trade.
- Increasing consumer demand for sustainable and organic products.
