/ 03 March 2021

Farmers rebound from drought

Yipee, it’s a bumper bumper season… After years of devastating drought, the pandemic and trade tensions with China, Aussie farmers are expected to reap a record $66 billion for their produce this year. Figures from the official agricultural researchers ABARES released yesterday show it’s good news for crop farmers. They’re tipped to see a 59% increase in the value of grains, oilseeds and pulses compared to the previous year, thanks to the rain. But it’s not so good news for cattle and sheep producers who will clock an 8% fall in value due to low stock numbers despite record-high prices for their stock. The agency predicts the total take will fall to $63.3 billion in 2021-22. Fickle much?

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