The Australian agriculture sector is anticipated to produce $80.4 billion (US$57.9 billion) worth of products in the 2022-2023 financial year, the second-largest amount ever recorded.
This forecast comes even though producers are grappling with labour shortages and ballooning input costs, with world fertiliser prices hitting the highest levels since 2008.
Jared Greenville, the executive director of the Australian Bureau of Agricultural and Resource Economics (ABARES), said the next financial year would be remarkable for the sector.
“We’re seeing record production values and export values across our winter crop range, including wheat, barley and canola,” Greenville said in comments obtained by AAP.
“But we’re also seeing strong growth in the horticulture sector, which is set to hit a record value as well.”…