The average yield of fodder corn in Canada is expected to exhibit a gradual upward trend from 2024 to 2028. In 2023, the actual yield stood at 37.72 thousand kilograms per hectare. Forecasts show a steady increase, reaching 38.14 by 2028. The year-on-year growth from 2024 to 2025 is 0.21%, and from 2025 to 2026 is 0.23%. From 2026 to 2027, the yield grows by 0.21%, and from 2027 to 2028, it increases by 0.24%. The compound annual growth rate (CAGR) over the next five years is approximately 0.22%.
Future trends to watch for include:
- Technological advancements improving crop yields.
- Potential impacts of climate change on agricultural output.
- Policy changes affecting agricultural practices and productivity.
- Market demand dynamics for fodder corn, potentially driven by livestock industry needs.