Australia’s agricultural outlook continues to remain strong amidst wet weather and complex global conditions, a report has found.
According to Rural Bank’s latest agriculture outlook report, although the global environment was still unstable, Australian farmers continued to benefit from high commodity prices and robust production.
Andrew Smith, the head of sales of Rural Bank, said farmers had seen strong results due to favourable seasonal conditions in most parts of the country. Additionally, it was forecast that agriculture’s solid performance would continue to remain.
“It’s a good outlook and quite positive, and it’s great to see this three years in a row for our producers … where we’ve had good conditions across both the seasons and commodity prices,” Smith said in comments obtained by AAP….