In 2023, the volume of self-employed people in the agricultural products and livestock sector in Canada stood at 207 million hours. Forecast indicates a decreasing trend from 2024 to 2028, with values showing a year-on-year decline: a fall of 2% from 2024 to 2025, 1.93% from 2025 to 2026, 1.82% from 2026 to 2027, and 1.69% from 2027 to 2028. The compound annual growth rate (CAGR) over this period is negative, reflecting an average annual decline.
Future trends to watch for include:
- Impact of technological advancements and automation reducing the need for labor hours.
- Shift in market demand due to changing consumer preferences and climate change policies.
- Potential policy support or reforms encouraging sustainable farming practices.
