Forecast: Corn Production in Canada

In 2023, Corn Production in Canada stood at 14.73 million metric tons, marking a 0.8% increase from the previous year. Over the last two years (2022-2023), production grew by an average of 4.26%. Over the longer term, the compound annual growth rate (CAGR) from 2018 to 2023 was a modest 0.88% annually, indicating relatively stable growth with mild fluctuations.

Future trends worth monitoring include:

• An anticipated 1.21% annual growth rate over the next five years, leading to a total increase of about 6.19% by 2028.

• Potential impacts of climate change and changing agricultural practices on corn yields.

• Advances in agricultural technology and seed innovation improving production efficiency.