The forecast for maize yield in Canada shows a steady upward trend from 2024 to 2028, with yields projected to rise from 96.11 to 97.43 thousand hectograms per hectare. This reflects consistent year-on-year increases, although specific percentage variations are not provided. In 2023, the actual yield stood lower than the forecasted values, indicating positive expected growth. The compound annual growth rate (CAGR) suggests a modest average increase per year over this five-year period.
Future trends to watch for include:
- Potential impacts of climate change on agricultural productivity.
- Technological advancements in farming techniques that could boost yield.
- Variability in input costs, such as fertilizers and fuel, affecting production costs.