{"id":158646,"date":"2016-09-20T19:51:39","date_gmt":"2016-09-20T09:51:39","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=158646"},"modified":"2020-10-05T12:02:02","modified_gmt":"2020-10-05T02:02:02","slug":"58-4bn-forecast-for-farm-production","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2016\/09\/20\/58-4bn-forecast-for-farm-production\/","title":{"rendered":"$58.4bn Forecast For Farm Production"},"content":{"rendered":"
\"\"<\/a>
Acting ABARES Executive Director Peter Gooday (Photo: ABARES)<\/figcaption><\/figure>\n

September 20, 2016<\/strong><\/p>\n

The gross value of Australian farm production is forecast to increase to $58.4 billion in 2016-17, due in part to a forecast rise in the gross value of crop production, according to the latest analysis by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).<\/p>\n

Acting ABARES Executive Director Peter Gooday said that, if realised, the gross value of farm production would be around 13 per cent higher than the average value for the past five years.<\/p>\n

\u201cIn 2016\u201317, the gross value of crop production is set to increase by 6.6 per cent to $29.2 billion, which is largely due to a rise in the gross values of horticulture, cotton and oilseed production,\u201d Mr Gooday said.<\/p>\n

\u201cThe gross value of livestock production is also forecast at $29.2 billion, which remains largely unchanged after an estimated 7.7 per cent increase in 2015-16.<\/p>\n

\u201cFollowing a modest increase of 1.3 per cent in 2015-16, export earnings from farm commodities are forecast to fall slightly to $44 billion in 2016-17.<\/p>\n

\u201cWhile cattle prices are expected to remain strong, beef exports are forecast to fall by 12 per cent as herd rebuilding limits supplies for export.\u201d<\/p>\n

Other commodities for which export earnings are forecast to fall in 2016-17 are beef and veal (\u201312 per cent), dairy products (\u20131 per cent), live feeder\/slaughter cattle (\u20134 per cent) and mutton (\u201317 per cent).<\/p>\n

While export earnings for wheat are expected to remain largely unchanged, rises in export earnings are forecast for wool (6 per cent), sugar (21 per cent), wine (1 per cent), cotton (40 per cent), lamb (3 per cent) and canola (43 per cent).<\/p>\n

\u201cExport earnings for fisheries products are also forecast to rise by 8 per cent to $1.7 billion in 2016-17, following an increase of 7 per cent in 2015-16,\u201d Mr Gooday said.<\/p>\n","protected":false},"excerpt":{"rendered":"

The gross value of Australian farm production is forecast to increase to $58.4 billion in 2016-17, due in part to a forecast rise in the gross value of crop production, according to the latest analysis by ABARES.<\/p>\n","protected":false},"author":20,"featured_media":158647,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,36],"tags":[1134],"yoast_head":"\n$58.4bn Forecast For Farm Production - southburnett.com.au<\/title>\n<meta name=\"description\" content=\"The gross value of Australian farm production is forecast to increase to $58.4 billion in 2016-17 according to the latest analysis by ABARES.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southburnett.com.au\/news2\/2016\/09\/20\/58-4bn-forecast-for-farm-production\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"$58.4bn Forecast For Farm Production - 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