Australian farmers are once again making their mark on our country by propelling the agricultural sector to new highs expected in 2021-2022.
Agriculture and North Australia Minister David Littleproud said the latest forecast from ABARES confirms that while the recent deluge has hurt producers in the eastern states, agriculture across The country is making the most of the exceptional growing conditions and high global commodity prices.
“These latest forecasts demonstrate the extraordinary role farmers are playing in the country’s economic recovery,” said Minister Littleproud.
âFarm-gate value is on track to surpass the $ 78 billion mark in 2021-2022, an industry record.
âWith good seasonal conditions and soaring global commodity prices, the value of agricultural exports is expected to hit a record $ 61 billion.
âWith production expected to increase for all major livestock products and almost all major crops, our farmers are expected to produce the highest volume on record.
âAustralia enjoys favorable conditions, with world prices for our products at their highest for 30 years; it is the first time in half a century that production will increase for so many products at once.
âIf these predictions come true, 2021-2022 will see the largest total volume of agricultural products Australia has ever produced.
âI know a number of farmers are experiencing difficult conditions with recent rains and floods and are assessing the damage to their farms and crops.
âWhether it’s floods, drought, bushfires or COVID, our farmers go about their jobs quietly, producing top quality food and fiber for Australia and the world.
âThese are achievements to be truly proud of and which show just how strong the agricultural sector is despite the uncertainty of recent years.
“We are supporting farmers throughout the process as part of our Ag 2030 plan to help the agricultural sector meet its goal of $ 100 billion by 2030.”