The labor costs in crop and animal production, hunting, and related service activities in Germany are forecasted to show a consistent upward trend from 2024 to 2028. Starting at 7.58 billion euros in 2024, these costs are expected to rise steadily to 8.01 billion euros by 2028. This reflects a compound annual growth rate (CAGR) of approximately 1.36% over the five-year period. This trend indicates a gradual increase in expenditure likely due to factors such as inflation, rising operational costs, and potential wage increases.
Future trends to watch for:
- Potential impact of technological advancements in agriculture on labor costs.
- Changes in EU agricultural policies affecting local labor markets.
- Impact of environmental regulations on operational expenses.
- Influence of global economic conditions on cost fluctuations.
