Australian Ag Forecast to Reach $100bn Target

Australian Ag Forecast to Reach $100bn Target

ABARES’ Quarterly Outlook report forecasts Australian agriculture will exceed a farmgate value of $100bn by 30 June 2026, four years ahead of its initial prediction. The forecast is a jump of $1.9bn on the ABARES estimate from December’s Quarterly Outlook. Despite the...
Opening Seasonal Determinations Down

Opening Seasonal Determinations Down

The Murray irrigation system will start the season at 39% of high-reliability water shares (HRWS). The Goulburn and Loddon systems will each start with 31% HRWS, while the Broken and Bullarook systems will begin at 0%. The Campaspe system will start with 100% HRWS....
Opening Seasonal Determinations Down

Rural Bank Cautious Dairy Outlook

There’s not much of a case for reducing farmgate milk prices in the coming season, according to Rural Bank’s February Update.       Global dairy prices continue to lift with the GDT Index 17% above prior year and Fonterra New Zealand recently lifted its forecast...
Above Average Wheat Crop For 2024/25

Above Average Wheat Crop For 2024/25

Australia’s wheat production is estimated at 32 mt for 2024/25 based on receivals data. This is the third largest crop on record, 20% above the 10-year average and despite tough seasonal conditions across southern Australia. Wheat quality is reportedly lower than...
Opening Seasonal Determinations Down

DA Forecasts Less Milk In 2024/25

Dairy Australia (DA) continues to forecast a slight drop in national milk production to 8.3bn litres in 2024/25. While output has been ahead so far this season, drier conditions, reduced incomes and longer-term challenges around labour and farm exits will constrain...