2023–24 to 2024–25
Download full report and data
This report provides detailed economic analysis of broadacre and dairy farm financial performance during the 2024–25 financial year. It examines the impact of seasonal conditions and price changes and provides longer-term context for current farm performance.
Download the full report
- Financial performance of broadacre and dairy farms 2023–24 to 2024–25 (PDF – 1.21 MB)
- Financial performance of broadacre and dairy farms 2023–24 to 2024–25 (Word – 2.45 MB)
Download the data
Email us at info.abares@aff.gov.au if you are having difficulties accessing or downloading these files.
Recent farm performance
- Average broadacre farm cash income in 2024–25 is estimated to have increased by 38% to $266,000 per farm, slightly higher than the longer-term (10-year) average of $264,800 per farm.
- Rainfall and crop growing conditions in 2024–25 were particularly poor in western Victoria and South Australia, with consequent negative impacts on farm incomes because of lower crop production. In contrast, good crop growing conditions in central and northern New South Wales, Western Australia and Queensland saw a significant increase in both production and receipts from crops.
- After falling significantly in 2023–24, increased prices for beef cattle, sheep and lambs led to higher farm incomes in 2024–25 in livestock-dominated regions such as the Northern Territory, pastoral regions of Queensland, and the Northern Pastoral region of South Australia.
- Average dairy farm cash income in 2024–25 is estimated to have decreased 19% to $310,000 per farm, mainly as a result of lower farmgate milk prices. This was still above the longer-term average of $262,800 per farm.
The Power BI dashboard may not meet accessibility requirements. For information about the content of this dashboard contact ABARES.
p Preliminary estimate. y Provisional estimate. a Excluding capital appreciation. na Not available. All values are expressed in 2024–25 dollars (see methodology).
Previous versions of this and related reports.
Farm surveys definitions and methods
Further information about our survey definitions and methods.
The Farm Data Portal is an interactive tool containing all data from ABARES surveys of broadacre and dairy farms, and outputs from those surveys, all in the one location.
ABARES Statement of Professional Independence
The Australian Agricultural and Grazing Industries Survey is funded by the Department of Agriculture, Fisheries and Forestry, Meat & Livestock Australia (MLA) and the Grains Research and Development Corporation (GRDC).