Business
ABARES says value of production to hit record $66 billion as farmers have their best year yet – ABC News
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…
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…
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