Australian farming bonanza as sector produces record $90 billion of food, fibre

abc.net.au/news/farm-sector-sets-90-billion-record-abares-reveals/102059398Australian farmers have produced their most valuable year yet, growing $90 billion worth of food and fibre, and pushing average yearly farm incomes to between $370,000 and $665,000 depending on the sector.

ABARES reports that 67.3 million tonnes of winter crops were harvested over 2022–23, with record production in Victoria, South Australia, and Western Australia. ABARES now expects the value of Australia's farm sector to fall to $81 billion and farm exports to $64 billion in 2023–24.The latest report from ABARES shows the high value for Australian agriculture reflected in farm incomes for the 2022–23 year, with the average cropping farm income soaring to more than $660,000.

He said the fall in broadacre incomes could be attributed to the rising costs associated with farming.

Yet food prices keep rising...

Amazing when the floods also caused lots of losses

Wow, well done to the farmers, you deserve it. 👍

ClimateEmergency

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Extreme Networks seeks work in Australian WiFi expansionExtreme Networks Chief Executive Ed Meyercord says his company is seeking to boost Australian WiFi expansion for major sporting events such as the AFL, Cricket and NRL. “Today the network is really the connective tissue around all digital transformation,” he told Sky News Business Reporter Ed Boyd. “So there’s kind of a renaissance in networking, it used to be about a box - who has a box that’s the fastest, the router that’s the fastest, ports, etcetera. “Now it’s changed, now it’s all about new ways to drive better outcomes for businesses leveraging data from the network and technology in the network to drive these outcomes.”
Source: SkyNewsAust - 🏆 7. / 78 Read more »