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National & World Ag News Headlines
Australia Predicts Record Farm Production
USAgNet - 09/15/2021

Australia is forecast to reap record farm revenues this year despite pandemic challenges, a mouse plague and a trade dispute with China.

According to the Associated Press, Australian farmers are expected to sell 73 billion Australian dollars ($54 billion) in produce in the current fiscal year that started in July thanks to favorable weather and grain prices inflated by drought in the United States and Canada, according to a report released on Tuesday by the Agriculture Department’s research branch.

That compares with AU$66 billion ($49 billion) earned in 2020-21. That was also a good year for agriculture that followed a prolonged, crippling drought and devastating wildfires across southeast Australia.

The latest forecast is the first time the Australian Bureau of Agricultural and Resource Economics and Sciences has forecast a return exceeding AU$70 billion ($51 billion).

The biggest contribution to growth in agricultural exports would be crops, which are forecast to rise by 17% to AU$30 billion ($22 billion).

A mouse plague across much of the eastern Australian cropping land reduced grain and hay production toward the end of the last fiscal year.


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