Blog Post

Australian agriculture hit $70 billion in value last year

Australian agriculture had a bumper year in 2020-21, with a 17 per cent increase in value to $70.9 billion according to data released today by the Australian Bureau of Statistics (ABS).

Amanda Clark, ABS Program Manager of Agriculture Statistics, said 2020-21 was a good year for agriculture with above average yields and record production for many broadacre crops such as wheat, barley, and canola.

“Total crop values in 2020-21 rose by 41 per cent compared with the previous year, while the value of total livestock disposals fell 6 per cent.”

“Many farmers reported crop yields being…

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