ABARES’ latest farm performance modelling which predicts hefty falls in farm cash incomes this financial year will not come as news to many, but beyond the self-evident findings are some more positive glimpses for the year ahead as well.
Among them is ABARES’ forecast that a number of major farm inputs costs such as fertiliser, chemicals and fuel are set to fall in 2023-24.
The extent of those cost reductions will not match the overall hit to farm cash incomes from lower commodity prices, but should serve to partially offset some of the expected financial impacts of lower market…
