The fresh corn production in Canada displayed a mixed trend from 2013 to 2022. The notable fluctuations are significant in the years 2016 (-10.07% YoY) and 2020 (+4.37% YoY). The recent two years, 2023 and 2024, show a decline of -4.91% and -0.72% respectively. The 5-year CAGR from 2018 to 2023 stands at -0.43% while the forecasted CAGR from 2024 to 2028 is -0.51% indicating a slight decline in production.
Future Trends to Watch
The forecasted decline in fresh corn production suggests that Canada could face challenges such as climate change, soil fertility issues, or shifts in agricultural practices. Monitoring technological advancements in agricultural practices and potential domestic policy changes will be essential for future projections.
