In 2023, the wages and salaries in the UK’s agriculture, forestry, and seafood sector were approximately 4.5 billion pounds. Forecasted data from 2024 to 2028 indicates a consistent upward trend, with values rising from 4.55 to 4.85 billion pounds. This suggests a moderate Compound Annual Growth Rate (CAGR) over these five years.
Future trends to watch for include potential impacts of Brexit on labor supply, inflationary pressures influencing wage growth, and policies promoting sustainable and agri-tech sectors which could affect salary dynamics. Monitoring these factors will be crucial for accurate forecasting and strategic planning.
