Australian Bureau of Agricultural and Resource Economics and Sciences.
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.
In 2050, Asia is projected to have 5.3 billion consumers, presenting opportunities for Australian ag exporters through the benefits of a large consumer base with diverse preferences.
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.
Australian agriculture benefitting from a third consecutive year of high rainfall, with sector production value expected to reach $90 billon this financial year.