Farm production tipped to hit record highs

FARMERS are tipped to see a record year, with the Australian Bureau of Agricultural and Resource Economics and Sciences forecasting gross production value will hit $73 billion for the first time ever. Photo: SPEC FILE.

By Ash Bolt

September 17, 2021 | 1:26 PM

THE agriculture sector is poised to smash production value records this year, with the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) predicting the gross value of production would hit $73 billion in 2021-22.

ABARES released its Agricultural Commodities: September Quarter report this week and executive director, Jared Greenville said if its forecast proved to be accurate, it would be the first time the agriculture sector had been valued at over $70 billion.