In 2023, the production of crop and animal production, hunting, and related service activities in Canada stood at 90.40 billion Canadian dollars. From 2024 onwards, a steady year-on-year growth trajectory is observed, with a cumulative annual growth rate (CAGR) projected at approximately 2.1% through 2028, reaching 100.36 billion Canadian dollars.
Key Year-on-Year Growth Rates:
- From 2024 to 2025: 2.31%
- From 2025 to 2026: 2.20%
- From 2026 to 2027: 2.11%
- From 2027 to 2028: 2.03%
Future Trends:
Future trends to watch for include the impact of technological advancements in agriculture, policy changes focusing on sustainability, and the influence of climate change on crop production. Monitoring these factors will be crucial for anticipating shifts in production dynamics.
