The forecast indicates a steady upward trend in the total value of agricultural production at the farm gate in Canada from 2024 to 2028, beginning at USD 51.45 billion in 2024 and reaching USD 54.49 billion by 2028. This growth corresponds to an average annual compound growth rate (CAGR) of approximately 1.45% over the period. As actual values for 2023 were not provided, the growth is measured from 2024 onwards.

Future trends to watch for include:

Potential impacts of climate change on agricultural yields and the adoption of climate-smart farming practices.
Technological advancements in agriculture, leading to improved efficiency and possibly higher production values.
Trade policy developments that could affect export opportunities and domestic market dynamics.
Shifts in consumer preferences towards sustainable and locally-produced goods.