A third consecutive year of high rainfall and high commodity prices has been reflected in ABARES’ annual round of agricultural sector updates and forecasts released in Canberra this morning.
Overall the gross value of production for agriculture, fisheries and forestry for 2022-23 is expected to reach $96 billion this financial year (2022-23).
Of that total, exports account for an estimated $75 billion worth, or 78 percent.
A record 67.2 million tonne winter crop helped to drive that growth, while high values of livestock production also contributed.
Headline numbers announced at…
