In 2023, agricultural salaries and wages in Canada stood at [insert actual 2023 value] million Canadian dollars. From 2024 to 2028, the forecast indicates a steady upward trend, with year-on-year growth reflecting modest increases: 2024 by 1.91%, 2025 by 1.91%, 2026 by 1.86%, 2027 by 1.80%, and 2028 by 1.75%. Over these five years, the compound annual growth rate (CAGR) is projected to be approximately 1.84%, showcasing a consistent increase in agricultural compensation.
Future trends to monitor include:
- The impact of technological advancements on productivity and labor demand.
- Policy shifts regarding immigration and labor laws affecting workforce demographics.
- Global market volatility influencing agricultural export demands and pricing strategies.
