The forecast for the Net Operating Surplus in the UK's agriculture, forestry, and seafood sector shows a steady growth trajectory from 2024 to 2028. In 2023, the actual value stood at 7.15 billion pounds sterling. From 2024, the year-on-year variation reflects a gradual increase: 0.28% in 2025, 0.42% in 2026, 0.34% in 2027, and 0.41% in 2028. The compound annual growth rate (CAGR) over the five-year forecast period is approximately 0.39%, indicating moderate but consistent growth.
Future trends to watch for in this sector include:
- Potential impact of climate change on productivity and output.
- Regulatory changes post-Brexit affecting trade and market access.
- Technological advancements in sustainable farming and fisheries.
- Economic and policy shifts influencing demand and commodity prices.
