{"id":181781,"date":"2017-06-20T12:24:39","date_gmt":"2017-06-20T02:24:39","guid":{"rendered":"http:\/\/southburnett.com.au\/news2\/?p=181781"},"modified":"2020-09-11T12:34:04","modified_gmt":"2020-09-11T02:34:04","slug":"farm-output-dips-after-record-year","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2017\/06\/20\/farm-output-dips-after-record-year\/","title":{"rendered":"Farm Output Dips After Record Year"},"content":{"rendered":"
\"\"<\/a>
Acting ABARES Executive Director Peter Gooday (Photo: ABARES)<\/figcaption><\/figure>\n

June 20, 2017<\/strong><\/p>\n

The gross value of Australian farm production is forecast to dip by 4.6 per cent to $59.9 billion in 2017\u201318, following last year\u2019s record-breaking returns.<\/p>\n

The Australian Bureau of Agricultural and Resource Economics and Sciences’ (ABARES) agricultural commodities report for the June quarter was released on Tuesday.<\/p>\n

The report finds the gross value of farm production in 2017\u201318 is tipped to be 9 per cent higher than the average of $55 billion over the five years to 2016\u201317.<\/p>\n

Acting ABARES executive director Peter Gooday said that despite the forecast decline the outlook for this year was positive, up almost $5 billion compared with the five-year average.<\/p>\n

\u201cThe gross value of livestock production is forecast to increase by 3.5 per cent to $30.2 billion in 2017\u201318, driven by forecast increases in prices for livestock products, particularly wool and dairy,\u201d Mr Gooday said.<\/p>\n

\u201cExport earnings from farm commodities are forecast to remain relatively unchanged at $48 billion in 2017\u201318.\u201d<\/p>\n

The agricultural commodities for which export earnings are forecast to rise in 2017\u201318 are beef and veal (up 4 per cent), wool (6 per cent), dairy products (14 per cent), cotton (34 per cent), wine (5 per cent), lamb (4 per cent), live feeder\/slaughter cattle (3 per cent) and rock lobster (2 per cent).<\/p>\n

The forecast increase in export earnings in 2017\u201318 is expected to be partly offset by expected declines for wheat (down 3 per cent), sugar (7 per cent), coarse grains (23 per cent), canola (19 per cent), chickpeas (44 per cent) and mutton (5 per cent).<\/p>\n

Mr Gooday said export earnings for fisheries products were forecast to increase by 1.2 per cent in 2017\u201318 to $1.5 billion.<\/p>\n

\u201cIn Australian dollar terms, export prices of wool, wine, lamb, barley, cheese and mutton are forecast to increase in 2017\u201318,\u201d Mr Gooday said.<\/p>\n

\u201cExport prices for beef and veal, sugar, canola, live feeder\/slaughter cattle, chickpeas and rock lobster are forecast to fall, with export prices for wheat and cotton forecast to remain relatively unchanged.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The gross value of Australian farm production is forecast to dip by 4.6 per cent to $59.9 billion in 2017\u201318, following last year\u2019s record-breaking returns.<\/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":"\nFarm Output Dips After Record Year<\/title>\n<meta name=\"description\" content=\"The gross value of Australian farm production is forecast to dip by 4.6 per cent to $59.9 billion in 2017\u201318, following last year\u2019s record-breaking returns.\" \/>\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\/2017\/06\/20\/farm-output-dips-after-record-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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