Today’s ABARES Snapshot of Australian Agriculture shows how the farm sector has positioned itself as a powerhouse in the nation’s economy, but alarm bells are ringing over the already slowing productivity rate which is only predicted to worsen.
The report shows the gross value of agricultural production has increased by about 51% in the past 20 years, but productivity growth has reduced from an average 2.18% to just 0.6% each year since 1999-2000.
National Farmers’ Federation President David Jochinke said while annual headline production figures were subject to seasonal…
