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Gross value of agricultural production to fall in 2023–24

  • Media release
  • Agriculture
The value of Australian agriculture production is forecast to fall as increasing global supply and drier conditions impact farmers.
Image of a person walking between a row of trees with a large basket, they are picking fruit

Have your say on the RIC Act Review

  • Media release
  • Farming
The public have the chance to put forward their views and suggestions on farming loans as part of the Regional Investment Corporation Act 2018 review.
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Biocontrol puts weeds on the back foot

  • Media release
  • Pests
Renewed focus on weed biocontrol is set to deliver benefits to land managers and the environment in the fight against weeds.
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Farmers fork out billions a year on pests and weeds

  • Media release
  • Pests
Pests and weeds are costing farmers a combined $5.3 billion a year in both management and production loss.
Image of grain harvesting machine in a large field

Farm incomes to fall due to drier conditions and lower prices

  • Media release
  • ABARES
After 2 record years, broadacre farm incomes are forecast to fall significantly in 2023–24 due to drier conditions and lower prices for agricultural…
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Agricultural sector remains strong despite drier conditions to come

  • Media release
  • ABARES
Australian agriculture, fisheries and forestry are set to have the third-highest yearly gross value on record in 2023-24, with production value…
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Farm sector debt reaches $109.9 billion

  • Media release
  • ABARES
The latest agricultural lending statistics provided by the Australian Prudential Regulatory Authority (APRA) show an increase in aggregate lending to…
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Strong growth for Australian broadacre farmland prices

  • Media release
  • ABARES
The average price of broadacre farmland per hectare has almost doubled over the last three years, increasing by 93% from 2020 to 2023.
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New soil practitioner accreditation hits the ground running

  • Media release
  • Department
Farmers and land managers can have more confidence in soil practitioner knowledge thanks to a new $1 million accreditation funded by the Department…
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Correction on the cards as La Nina retreats

  • Media release
  • ABARES
The overall value of the agriculture sector is set to contract by 14% in 2023-24 due to drier than normal conditions after three La Nina years.
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Winter crop production to fall from consecutive record highs

  • Media release
  • ABARES
Australian Winter crop production is forecast to fall from record highs due to below average rainfall for winter and spring.
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Agricultural R&D investment on the rise

  • Media release
  • ABARES
The Australian agriculture sector has increased its investment in research and development (R&D) over the past ten years, contributing to growth…
A blue truck has grain fed into it by an orange harvester, in a yellow field against a cloudy blue sky.

Snapshot shows strength behind the numbers

  • Media release
  • ABARES
The latest ABARES Snapshot of Australian agriculture shows the industry continues to grow and perform strongly in a number of key areas including…
Image of a lush green field and a farmer watching a flock of sheep

La Nina’s last hurrah as drier conditions expected ahead

  • Media release
  • Agriculture
The record-breaking streak for Australian agriculture is set to continue in 2022-23 with the sector expected to reach $90 billion this financial year.