New figures show Australia’s agriculture industry is well on track to reach a record value of almost $100 billion this financial year
The latest ABARES Agricultural Commodities Report has been released and forecasts the gross value of agricultural production will rise to a record $99.5 billion in 2025-26, driven by exports which are also expected to reach a record value of $83.9 billion.
National Farmers’ Federation president Hamish McIntyre says these figures show Australia’s agricultural industry is on track to reach its target of $100 billion in farm gate output by 2030.
“The 2030 Roadmap’s $100 billion target has long been our sector’s north star and it’s exciting to see farmers are on track to hit it ahead of time,” he says.
“Despite global market volatility and extreme weather events, the sector has continued to make productivity gains. This is a testament to our sector’s ability to innovate, adapt to an ever-changing climate, invest back into farm businesses, and above all, putting in the hard yards.
“We are not over the line yet. We need to make sure we have smart policies around trade, tax, regulation, competition and sustainability so we not only hit that $100 billion goal, but exceed it.
“Policies like the Right to Repair win will help get us there. We are so incredibly close, but we can’t get complacent. The NFF will keep working with our members to reach this milestone and on the next chapter.”