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Five na­tional news sto­ries about the cur­rent is­sues fac­ing peo­ple in re­gional com­mu­ni­ties

Central and North Rural Weekly - - NEWS -

Fore­cast steady de­spite drought

THE value of Aus­tralia’s farm pro­duc­tion is fore­cast to re­main un­changed at

$60 bil­lion in 2018-19, well above the 10-year av­er­age of $55 bil­lion, de­spite dry con­di­tions in parts of Aus­tralia.

Aus­tralian Bureau of Agri­cul­tural and Re­source Eco­nomics ex­ec­u­tive di­rec­tor, Dr Steve Hat­field-Dodds, said the lat­est fore­casts were re­leased in the Septem­ber quar­ter agri­cul­tural com­modi­ties re­port.

“Although dry con­di­tions are af­fect­ing agri­cul­tural pro­duc­tion in east­ern Aus­tralia, ex­pected strong pro­duc­tion in Western Aus­tralia, and ris­ing grain prices, high live­stock prices and a lower Aus­tralian dol­lar are pro­vid­ing sup­port to farm in­comes,” Dr Hat­field-Dodds said.

He said the value of crop pro­duc­tion was fore­cast to drop by 3 per cent to

$30 bil­lion in 2018-19 – re­flect­ing a 12 per cent fall in the vol­ume of win­ter crop pro­duc­tion na­tion­ally, par­tic­u­larly in drought-af­fected crop­ping re­gions.

PHOTO: FILE

NEW RE­PORT: The ABARE’s re­port pre­dicts the value of farm­ing to re­main un­changed.

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