Welcome to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), the science and economics research division of the Department of Agriculture, Fisheries and Forestry.
Agricultural R&D investment on the rise
Agricultural R&D continues to be a good investment, with ABARES estimates indicating that $1 of R&D investment generates a return of around $7.82 in agricultural gross value added.
Farming's record run to continue
Australian agriculture benefitting from a third consecutive year of high rainfall, with sector production value expected to reach $90 billon this financial year.
Winter crop to reach 67.3 million tonnes
New national production record forecast despite flood impacts.
Strength behind the numbers
Snapshot of Australian Agriculture 2023 shows the sector continues to grow and perform strongly in a number of key areas.
Aquaculture lifts seafood value to $3.63 billion in 2022-23
Salmonids production will see the largest growth, forecasted to increase by 13 per cent to a record $1.46 billion.