Australia’s agricultural sector is set to recover in 2024-25, with expected growth in production and farm incomes. After challenging seasons, the gross value of production is projected to rise by up to 6%, reaching $90.8 billion, driven by favorable climate conditions and rising livestock prices. However, agricultural exports are forecast to decline by 5%, following a record high in the previous year. The livestock sector, in particular, is poised to see a significant rebound, with both production and prices expected to increase. Additionally, increased rainfall and improved soil moisture are expected to benefit the upcoming crop season, helping boost crop yields and farm incomesDEPARTMENT OF AGRICULTUREDEPARTMENT OF AGRICULTURE.
