AFTER a year of dry weather and declining commodity prices, the outlook for Australian agribusinesses has brightened along with improved seasonal conditions, new NAB data shows.
NAB’s third annual 2024 Regional and Agribusiness Horizons Report released today reports agribusinesses across Australia demonstrated remarkable resilience in 2023.
NAB, Australia’s largest lender to agricultural businesses, saw demand for credit from the agriculture sector grow by 9.1pc in 2023, despite an adverse interest rate environment, a projected dry summer and some difficult trading conditions.
There…
