Farm pro­duc­tion above av­er­age

Value of crops to fall while live­stock and live­stock prod­ucts fore­cast to rise

North East & Goulburn Murray Farmer - - NEWS -

THE gross value of Aus­tralian farm pro­duc­tion is fore­cast to de­crease by three per cent to $58 bil­lion in 2018–19, six per cent lower than the record pro­duc­tion in 2016–17 but still above the 10-year av­er­age of $56 bil­lion.

Aus­tralian Bureau of Agri­cul­tural and Re­source Eco­nomics and Sciences (ABARES), paint a thought.

ABARES ex­ec­u­tive di­rec­tor, that while drought was fore­cast to af­fect the pro­duc­tion of some com­modi­ties — es­pe­cially crops - in­creases in far­m­gate prices and strong pro­duc­tion in Western Aus­tralia were pro­vid­ing a buf­fer to the na­tional out­look.

“The an­nual value of crop pro­duc­tion is fore­cast to de­cline by seven per cent to $29 bil­lion in 2018–19, driven by a 23 per cent fall in win­ter crop pro­duc­tion na­tion­ally, as a re­sult of the drought in crop­ping re­gions in New South Wales, Queens­land and Vic­to­ria,” Dr

“Fore­casts for an above av­er­age win­ter crop har­vest in West- ern Aus­tralia and higher prices for broad­acre crops are keep­ing the value of pro­duc­tion from fall­ing fur­ther.

“A lower Aus­tralian dol­lar will also help.

“On the other hand, the value of live­stock and live­stock prod­ucts is fore­cast to in­crease by two per cent to al­most $30 bil­lion - droughts tend to in­crease meat pro­duc­tion, but high prices for lamb and wool are also fore­cast to sup­port the value of pro­duc­tion.”

cant chal­lenge for pro­duc­ers in drought af­fected re­gions, re­sult­ing in higher than av­er­age cat­tle turn-off across eastern Aus­tralia.

“In 2018–19 ex­port earn­ings for agri­cul­tural com­modi­ties are fore­cast to de­cline by seven per cent to $45 bil­lion,” he said.

“This is largely the re­sult of lower pro­duc­tion due to poor sea­sonal con­di­tions and in­creased do­mes­tic con­sump­tion of coarse grains and wheat for feed.”

See the full De­cem­ber Agri­cul­tural Com­modi­ties Re­port at agri­cul­ture.gov.au/ag-com­modi­ties-re­port.

The gross value of Aus­tralian farm pro­duc­tion is fore­cast to de­crease three per cent to $58 bil­lion in 2018–19, six per cent lower than the record in 2016–17 but above the 10-year av­er­age of $56 bil­lion.

In 2018–19, ex­port earn­ings for agri­cul­tural com­modi­ties are fore­cast to de­cline by seven per cent to $46 bil­lion.

The value of crop pro­duc­tion is fore­cast to de­cline by seven per cent to $29 bil­lion, driven by sub­stan­tially lower pro­duc­tion of crops, in­clud­ing cot­ton, wheat, canola and chick­peas.

The value of live­stock and live­stock prod­ucts are fore­cast to in­crease two per cent to $30 bil­lion. Higher cat­tle and sheep turn-off and strong prices for lamb and wool are fore­cast to sup­port the value of pro­duc­tion.

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