Australian farmers are again coming through for our country by propelling the agriculture sector towards anticipated new records in 2021-22.
Minister for Agriculture and Northern Australia David Littleproud says latest ABARES forecasting confirms that while the recent deluge has hurt eastern state producers, agriculture nationally is making the most of exceptional growing conditions and high world commodity prices.
“This latest forecast demonstrates the extraordinary role farmers are playing in the nation’s economic recovery,” Minister Littleproud said.
“Farmgate value is on track to top an incredible $78 billion in 2021-22, a record for the industry.
“With great seasonal conditions and a surge in world commodity prices, the value of agricultural exports is forecast to hit a record $61 billion.
“Production is expected to increase for every major livestock commodity and almost every major crop, our farmers are expected to produce the largest volume ever.
“Australia is enjoying favourable conditions, with world prices for our produce at their highest in 30 years; it is the first time in half a century that production will increase for so many products at the same time.
“If these forecasts are realised, 2021-22 will see the largest total volume of agricultural commodities Australia has ever produced.
“I know a number of farmers are experiencing difficult conditions with recent rain and flooding and are assessing damage to their farms and crops.
“Whether it’s flooding, drought, bushfires or COVID, our farmers are quietly going about their work, producing premium food and fibre for Australia and the world.
“These are achievements to be truly proud of and show how strong the agriculture sector is despite the uncertainty of recent years.
“We’re supporting farmers all the way as part of our Ag 2030 plan to help the agriculture sector work towards its $100 billion goal by 2030.”
