<\/p>\n
Australian agriculture is set to benefit this financial year, as the gross value of agricultural production is forecast to increase by 4%.<\/p>\n
The ABARES Agricultural Commodities and Crop Reports show a significant growth in the sector, from $82.5 billion in 2023-24 to $86.2 billion in 2024-25.<\/p>\n
Executive Director of ABARES, Dr Jared Greenville, said this forecast shows value of production across agriculture, fisheries and forestry reaching $92.1 billion in 2024-25.<\/p>\n
\u201cWe have seen more favourable seasonal conditions across large parts of the country, easing input prices, and higher livestock prices supporting farm incomes\u201d Dr Greenville said.<\/p>\n
\u201cHowever, unfortunately not all farms in all regions are expecting to see an improvement.<\/p>\n
\u201cCrop production across Australia has been driven by New South Wales and Queensland, and better than expected seasonal conditions in Western Australia.<\/p>\n
\u201cBut unfavourable conditions in north and western Victoria and most of South Australia following below average winter rainfall have resulted in lower than expected crop production.\u201d<\/p>\n
\u201cThe value of agricultural exports is forecast to be $68.5 billion in 2024-25, or $72.6 billion when including fisheries and forestry,\u201d Dr Greenville said.<\/p>\n
This year has seen less carry-over stocks of grain available for export in comparison to the past two record-breaking years which is driving a slight fall in export value, despite production is still sitting comfortably as the third highest on record.<\/p>\n
Australian exports continue to be in strong demand in key markets.<\/p>\n
\u201cRed meat exports are performing well in the US and Middle East,\u201d Dr Greenville said.<\/p>\n
\u201cWe\u2019re also seeing increased trade flows with China across various commodities, following improvements in market access.<\/p>\n
\u201cThe horticulture industry is continuing to showcase its resilience as it maintains its forecast of record-breaking production values.\u201d<\/p>\n
Average cash incomes for broadacre farms are forecast to increase by 64% to $192,000 per farm in 2024-25.<\/p>\n
\u201cWe\u2019re expecting to see the price for cattle and sheep increase compared to last year, leading to this significant improvement in farm incomes,\u201d Dr Greenville said.<\/p>\n
\u201cThe ABARES Commodities and Crop Reports tell a positive story for Australian agriculture, capitalising on demand for our quality products.\u201d<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Australian agriculture is set to benefit this financial year, as the gross value of agricultural production is forecast to increase by 4%. The ABARES Agricultural Commodities and Crop Reports show a significant growth in the sector, from $82.5 billion in 2023-24 to $86.2 billion in 2024-25. Executive Director of ABARES, Dr Jared Greenville, said this […]<\/p>\n","protected":false},"author":1,"featured_media":2467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2466","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Agricultural-Australia-4-1000x445.jpg",1000,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Agricultural-Australia-4-463x348.jpg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Agricultural-Australia-4-300x210.jpg",300,210,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/09\/Agricultural-Australia-4.jpg",1000,700,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=2466"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2466\/revisions"}],"predecessor-version":[{"id":2468,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/2466\/revisions\/2468"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/2467"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=2466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=2466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=2466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}