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Farmers Hit 'Ambitious' $100b Target Years Ahead of Schedule
Record $101.4 billion agricultural output driven by beef exports and large winter crop, but a 6% drop is forecast due to trade tensions and poor rainfall, ABARES said.
- This financial year ABARES said gross agricultural production in Australia will reach a record $101.4 billion, published in its March quarter report and announced at its annual conference.
- Strong beef exports and a bumper winter crop lifted output, aided by decent rain, mild spring weather and new technologies supporting growers.
- Price projections show crop and livestock prices easing in 2026/27, with ABARES projecting a six per cent fall to $95 billion, citing lower prices and crop volumes.
- Federal Agriculture Minister Julie Collins said, `This forecast gives Australians 100 billion reasons to thank our farmers, whose hard work, resilience and skill is helping power our national economy`, and the Australian federal government pledged continued support and trade diversification.
- In 2018, the $100 billion target was met years early after the 2018‑19 farmgate value rose from about $60 billion, prompting CSIRO and conservationists to warn economic focus crowds out sustainability.
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Australia’s agricultural production on track to exceed 2030 industry target
JOINT MEDIA RELEASE Australia’s farm gate production value is forecast to exceed $100 billion this financial year – four years ahead of the National Farmers Federation’s 2030 target, and a record result proudly backed by the Albanese Labor Government. The latest forecasts from the Australian Bureau of Agricultural Resources Economics and Sciences (ABARES) released today show Australia’s agricultural production value will hit a record $101.4 bill…
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Total News Sources11
Leaning Left2Leaning Right1Center0Last UpdatedBias Distribution67% Left
Bias Distribution
- 67% of the sources lean Left
67% Left
L 67%
R 33%
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