Farm profits to dive by 70 per cent as drought and costs bite

Farm profits to dive by 70 per cent as drought and costs bite

The ABARES report for the June quarter predicts national crop production will fall by more than 20 per cent, with profits down 70 per cent for broadacre farms.

Farms Brace For Plunge In Profits

June 2, 2026 ABARES is forecasting the value of agricultural production to fall by 5 per cent to $98.3 billion in 2026-27 and average broadacre farm business profits to drop by 70 per cent. Agricultural exports are expected to drop $7  billion to $74.8 billion as a result of lower crop production volume and livestock prices. High fuel and fertiliser costs are putting pressure on growers’ returns, but the drier seasonal outlook was expected to ha…

A season on a knife-edge: what the ABARES crop report means for grains

National winter crop is 54.5 million tonnes, down 21 per cent, but still seventh-largest. Discover the cost pressures and regional divide impacting yields.

After agriculture's $100b year, farms brace for average 70pc profit plunge

ABARES forecasts a 70pc fall in farm profits as El Nino, high costs and price falls impact producers prospects. However, wool and crop values are looking up.