In 2023, the arable and permanent cropland in Canada stood at 53.82 million hectares. Over the past decade, the area has exhibited a general upward trend, despite minor fluctuations. The most notable increase occurred in 2017 with a 3.27% year-on-year rise. However, the following year saw a decline of 3.21%. The compound annual growth rate (CAGR) over the last five years stands at 0.55%. Looking forward to the forecast period, the area is projected to continue growing with a 5-year forecasted CAGR of 0.26%, reaching 54.7 million hectares in 2028.
Future trends to watch for:
- Advancements in agricultural technology boosting productivity without significant expansion of arable land.
- Potential impacts of climate change affecting land usability.
- Government policies influencing land use and sustainability practices.
- Shifts in global agricultural demand and trade dynamics.