Print this page
Wednesday, 29 September 2021 10:55

Oz farmers set $100b target

Written by  Staff Reporters
National Farmers Federation president Fiona Simson. National Farmers Federation president Fiona Simson.

Australian agriculture is edging closer to the farmer-led goal of A$100-billion by 2030.

National Farmers Federation (NFF) says phenomenal growth is set to see the farm sector tally A$73 billion in 2021-2022, up from A$66 billion last financial year.

The latest data from the Australian Bureau of Agriculture, Resource Economics & Sciences (ABARES) paints a glorious picture underpinned by almost perfect seasonal conditions across many parts of the nation.

"Today's data puts a spring in farmers' step and is confirmation that the sector is stronger and more prosperous than ever," NFF president Fiona Simson said.

A bumper winter grain crop is the pillar of the forecast with this year's harvest set to contribute A$30 billion alone to total farm gate returns.

Red meat prices go from strength to strength with low national herd numbers and strong global demand for protein. Markets for wool and cotton remain strong.

Australian fruit and vegetables will also contribute more than their fair share, adding A$12 billion to ABARES' forecast A$73 billion total.

Simson said the good result was about more than good luck and rainfall.

"Australian farmers are the most innovative in the world, committed to continuous improvement and to finding new ways to grow smarter, more efficiently and more sustainably.

"The NFF's 2030 Roadmap outlines the plans needed to lift agriculture to a A$100 billion industry. Progress on key areas within the plan has already been achieved.

"Last month, the Government answered NFF's call for a dedicated Agriculture Visa as part of the solution to farmers' workforce woes."

Simson says the NFF is working closely with the Government to establish a framework that rewards farmers for their role in managing more than 51% of Australia's landscape.

"Earlier this year, the farm sector welcomed A$400 million in Federal Government funding for an expanded and modernised biosecurity system to maintain and grow international market access and to protect our industry from introduced pests and diseases," Simson said.

In addition to a lack of access to farm workers, the ABARES report identifies trade challenges, increased international freight costs and the ongoing mouse plague as speed humps, but ones that were unlikely to take the shine off what should be an unprecedented positive result for farmers.

More like this

Change of heart

OPINION: Australia's new Labor Government has recorded its first backdown, just two weeks into office.

Victoria dairy sector leads the nation

A new report has revealed that in 2020-21 Victorian farmers experienced the best financial returns in more than six years as the sector continues to innovate and excel.

Farmer confidence riding high in Oz

With farmer confidence and consumer optimism high, much of Australia’s dairy industry has been riding on a wave of positivity over the past few months, according to Dairy Australia’s June 2021 Situation and Outlook report.

Aussie FTA leaves NZ meat sector envious

New Zealand's meat sector will be hoping to benefit from a yet-to-be-signed Free Trade Agreement (FTA) that its Australian counterparts are about to enter into with the UK.


A herd to suit all systems

Maximising per-cow production has always been an interest of Manawatu dairy farmers Craig and Raewyne Passey - and Holstein Friesian…

Fonterra shares bounce around

Fonterra's share price jumped on the news that the co-op will provide financial support to improve liquidity in its share…

Machinery & Products

Effective water use

At a time when the rising cost of inputs like fuel, transport and fertiliser are putting increased pressure on profitability,…