Farms pro­duce $58b of goods

Countryman - - NEWS - AAP

Aus­tralian farm­ers are ex­pected to pro­duce about $58 bil­lion worth of goods this fi­nan­cial year, mark­ing a small de­cline from ear­lier fore­casts.

But the lat­est pre­dic­tion from the Fed­eral Gov­ern­ment’s agri­cul­ture fore­caster ABARES for 201819 re­mains above the 10-year av­er­age of $56 bil­lion.

The value of crops pro­duced is ex­pected to drop 7 per cent to $29 bil­lion, while the value of live­stock and live­stock prod­ucts is fore­cast to rise 2 per cent to al­most $30 bil­lion.

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.