{"id":112374,"date":"2025-09-02T04:41:11","date_gmt":"2025-09-02T04:41:11","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/112374\/"},"modified":"2025-09-02T04:41:11","modified_gmt":"2025-09-02T04:41:11","slug":"agriculture-fisheries-and-forestry-in-australia-set-to-be-worth-record-101b","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/112374\/","title":{"rendered":"Agriculture, fisheries and forestry in Australia set to be worth record $101b"},"content":{"rendered":"

The value of agriculture, fisheries and forestry production in Australia is set to reach a record $101.6 billion in the 2025-26 financial year.<\/p>\n

The forecast by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) is $7.3 billion more than the previous year.<\/p>\n

The uptick comes as farmers endure horror drought conditions<\/a> and volatile international trade markets.<\/a><\/p>\n

ABARES executive director Jared Greenville said the expected record was mainly driven by soaring livestock prices.<\/p>\n

“We’ve seen high prices lately for both livestock and animal products like beef, lamb and milk,” Dr Greenville said.<\/p>\n

\"Man<\/p>\n

Jared Greenville says high livestock prices are pushing up the value of the agricultural sector. (ABC Landline)<\/p>\n

Livestock up, crops down<\/p>\n

The drought has tightened supply of livestock, leading to lamb price records being smashed<\/a> at saleyards and strong demand for cattle.<\/a><\/p>\n

The latest ABARES agriculture forecast shows livestock production is set to reach $41.6 billion this financial year.<\/p>\n

That has bolstered the overall agricultural value to an expected record high of $94.7 billion.<\/p>\n

But while livestock values are up during the drought, crop production and worth is down.<\/p>\n

“Wheat production and value are set to fall as global prices and Australian yields decline slightly from last financial year,” Dr Greenville said.<\/p>\n

\"A<\/p>\n

Livestock production is forecast to be worth $41.6 billion this financial year. (ABC Rural: Annie Brown)<\/p>\n

Crop turnaround<\/p>\n

Despite the forecast reduction in yield, the country’s winter crop has been revived by winter rain.<\/a><\/p>\n

ABARES predicts Australian crop production will be around 62 million tonnes \u2014\u00a012 per cent more than the forecast in June.<\/p>\n

The revised figure includes a wheat crop of almost 34 million tonnes.<\/p>\n

“Wheat production is still ticking along above the 10-year average,” Dr Greenville said.<\/p>\n

“Barley and pulse production are also on the rise, which with stable canola production is forecast to see the third-largest winter crop on record.”<\/p>\n

ABARES said cropping in southern New South Wales remained an area of concern because of a slow start to the winter cropping season and relatively low soil moisture.<\/p>\n

\"Green<\/p>\n

Winter rain has brought relief for farmers and their winter crops. (ABC Rural: Justine Longmore)<\/p>\n

Exports strong<\/p>\n

The ABARES agricultural outlook shows exports are set to fall slightly this financial year.<\/p>\n

But Dr Greenville said exports were still well above average, with a forecast of $74.6 billion.<\/p>\n

“Beef and sheep meat exports are due to fall, but horticulture exports are forecast to increase and wheat exports will also rise as a result of high carryover from 2024-25,” he said.<\/p>\n

“The global trading environment remains uncertain, but there is still strong international demand for Australian food<\/a> and fibre from markets like China, Japan and the US.”<\/p>\n","protected":false},"excerpt":{"rendered":"The value of agriculture, fisheries and forestry production in Australia is set to reach a record $101.6 billion…\n","protected":false},"author":2,"featured_media":112375,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[80261,80263,6634,64,63,47449,80262,4358,11054,13330,59793,48883,80264,15158,44],"class_list":["post-112374","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australia","tag-abares","tag-abares-forecast-for-2025-26","tag-agriculture","tag-au","tag-australia","tag-crops","tag-dr-jared-greenville","tag-drought","tag-exports","tag-farming","tag-fisheries","tag-forestry","tag-how-much-is-australian-agriculture-worth","tag-livestock","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/112374","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=112374"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/112374\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/112375"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=112374"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=112374"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=112374"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}