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This report provides initial forecasts for water prices in 2021–22 for the major trading zones in the sMDB, along with analysis of the various supply and demand drivers currently affecting the sMDB water market.

This report and interactive data dashboard examine changes over time in financial performance for broadacre and dairy farms in Australia, based on recent ABARES farm survey data. At the national level, farm cash income for broadacre farms is projected to increase 18% to average $184,000 per farm in 2020–21.

The value of Australian agricultural production is forecast to reach a record $65.9 billion in 2020-21, confirming Australian agriculture is in the midst of an exceptional rebound from drought. 

Explore the latest ABARES agricultural productivity estimates for the broadacre and dairy industries. This release includes new data through to 2019–20 and presents the results in a new interactive data dashboard.

The GVP of Australian fisheries and aquaculture is expected to decline in 2020–21 to $2.9 billion (down 6%) from 2019–20 due to COVID-19 related demand and supply disruptions. However, a projected uplift in aquaculture production is expected to drive a recovery over the medium term to 2025–26.

This interactive dashboard provides an annual update to ABARES farm performance by size statistics, with new data for 2019–20 for the broadacre, dairy, and vegetable industries.  

This updated spatial dataset provides the best available land use mapping for Australia’s regions. It describes the use of land for conservation purposes, production from relatively natural environments, dryland or irrigated agriculture and plantations, intensive uses (including urban) and water features. The dataset and maps have been developed with national, state and territory agencies as part of the Australian Collaborative Land Use and Management Program (ACLUMP).

This updated spatial dataset provides selected commodities, where available, their location and extent, and the date verified. The data details predominantly agricultural commodities and complements the Catchment Scale Land Use of Australia – Update December 2020 dataset. The datasets and maps have been developed with national, state and territory agencies as part of the Australian Collaborative Land Use and Management Program (ACLUMP).

This paper presents an economic model of water markets and irrigated agriculture within the southern Murray-Darling Basin. The model can realistically simulate the market prices of water, carryover volumes and trade flows across the sMDB along with irrigation water use and area planted by region and activity. In this paper, the model is applied to simulate distributions for water prices in the sMDB, and to estimate the economic benefits of interregional water trading and carryover. Water markets are estimated to generate benefits to water users in the sMDB of $117m per year on average.

The Snapshot of Australian Agriculture 2021 draws on previously published statistics and insights into key aspects of Australian agriculture: its role in the broader economy, trends in production, industry structure and productivity, risk management, agricultural employment, government support, trade and impacts of the COVID-19 pandemic.