News
The latest from ABARES
Farmgate value hits new record of $66 billion
Australian farmgate production is on track for a record-breaking $66.3 billion year. ABARES' June quarter 2021 Agriculture Commodities report shows how the sector has navigated the uncertainties and challenges posed by COVID-19 and changes in the international trade landscape. Published 16 June 2021
Winter crop area heading towards record high
The Australian crop report – June 2021 is forecasting above average winter crop production in 2021–22. Area planted to winter crops is set to reach a record high nationally thanks to favourable climate conditions and high world prices. Published 8 June 2021
Farmers fight on to contain feral animals
ABARES’ latest report confirms that Australia’s farmers are spending significant amounts of time and money on battling pests and weeds. Published 28 April 2021
Global connectivity is better, even in pandemic
Despite the global economic shocks like those produced by the COVID-19 pandemic, agricultural sectors and economies overall are better off when exposed to international trade, the latest ABARES research paper shows. Published 19 April 2021
Water allocation prices forecast to remain low across the southern Murray-Darling Basin in 2021-22
The latest ABARES Water Market Outlook report indicates water allocation prices in the southern Murray-Darling Basin are likely to remain low in 2021–22. Published 31 March 2021
Agriculture’s record year, but challenges on horizon
The Agricultural Commodities Report – March 2021, forecasts an all-time high $65.9 billion in production value this fiscal year confirming Australian agriculture is in the midst of an exceptional rebound from drought. However, the medium to longer term outlook is less clear. Published 2 March 2021
Aquaculture to lead seafood’s pandemic recovery
The Australian fisheries and aquaculture outlook for 2021 says Australia’s seafood industry is on the cusp of an aquaculture-led recovery, with salmon, prawns and oysters expected to help lift the sector back into positive territory. Latest ABARES data reveals production value is forecast to slide six per cent in 2020-21 to $2.9 billion because of COVID-19 and trade disruptions. Published 2 March 2021
Average farm cash incomes up 18 per cent to $184k
Farm performance: broadacre and dairy farms, 2018–19 to 2020–21, saysat the national level, farm cash income for broadacre farms is projected to increase by 18% to average $184,000 per farm in 2020–21 driven by improved seasonal conditions. Latest survey results are now online in a new, interactive data dashboard. Published 2 March 2021
Snapshot of Australian Agriculture 2021: Insights
The Snapshot of Australian Agriculture 2021 draws on previously published statistics and insights into key aspects of Australian agriculture. Published 25 February 2021
Stocktake of megatrends shaping Australian agriculture: Insights
The latest ABARES Insights paper sets out five megatrends, each of which is framed in terms of three component trends. The megatrends analysis confirms the fundamentals are in place to support agricultural growth, while identifying several challenges to be addressed. Published: 23 February 2021
Forecast of improved summer crop production in 2020–21
The Australian Crop Report – February 2021 estimates that summer crop planting in Queensland and northern New South Wales to be 3 times larger than the drought affected season in 2019–20. Estimates of winter crop production in 2020–21 is also revised higher to total 55.2 million tonnes. Published: 16 February 2021