Agriculture economy grows
QUEENSLAND’S agriculture sector is continuing to make a record contribution to the state’s economy.
Minister for Agriculture and Fisheries Bill Byrne told State Parliament last week the latest AgTrends forecast for the value of primary industry commodities for 2016-17 is on target to grow by 6%.
“Previous AgTrends forecasts have highlighted impressive growth in the value of production in Queensland over the past two years – growth achieved during, and in spite of, a record drought,” Mr Byrne said.
“The total gross value of production, both at the farm gate and first stage processing, is on target to grow by 6%.
“The total value for 2016-17 is now forecast to be $18.55 billion ... a full 15% greater than the past five-year average.”
Mr Byrne said he paid tribute to producers.
He said it was inevitable that some sectors of the industry were doing better than others but it was great news that the food and fibre industry continued to increase its contribution to the state’s economy.
“Queensland agriculture as a whole is clearly in very fine fettle and the State Government will continue to support our farmers to maintain their invaluable contribution to our economy,” he said.
“The GVP for Queensland mandarins is forecast to grow by 30% and macadamias by 17%.
“Queensland producers have responded to increase demand overseas, driving a 176% rise in export values in the year to September – worth $649 million, up from $235 million just a year ago.”
RECORD CONTRIBUTION: New Agriculture Minister Bill Byrne.