General
ABARES says value of production to hit record $66 billion as farmers have their best year yet
Australia’s agriculture sector is booming, with farmers expected to reap a record $66 billion for their produce this year despite trade tensions with China and the global pandemic.
Key points:
- ABARES tips value of Australian agriculture to reach record $66 billion in 2020-21
- Improved weather conditions and a huge grain crop have driven the growth
- Average farm incomes are up 18 per cent, to $184,000 per farm
At the same time, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) has found that food prices jumped more than 15 per cent, as consumers paid more for red meat.
The government’s commodity forecaster said decent weather conditions and a huge grain harvest drove an 8 per cent increase in the value of food…
-
General1 hour agoFerries and celebrities as pollies dash to win the west
-
Noosa News21 hours agoMotorbike rider dies after car collision at Kidaman Creek, west of Sunshine Coast
-
General22 hours agoDemocratic senators want an investigation into potential market manipulation from Trump’s inner circle
-
Noosa News24 hours agoVHM’s Goschen Rare Earths and Mineral Sands Project granted 20-year licence