{"id":310941,"date":"2021-12-07T12:43:13","date_gmt":"2021-12-07T02:43:13","guid":{"rendered":"https:\/\/southburnett.com.au\/news2\/?p=310941"},"modified":"2021-12-07T12:43:13","modified_gmt":"2021-12-07T02:43:13","slug":"ag-records-tipped-to-be-smashed","status":"publish","type":"post","link":"https:\/\/southburnett.com.au\/news2\/2021\/12\/07\/ag-records-tipped-to-be-smashed\/","title":{"rendered":"Ag Records Tipped To Be Smashed"},"content":{"rendered":"
\"\"<\/a>
Cattle prices have been strong but other commodity prices are also attracting record prices (Photo: James Bredhauer)<\/figcaption><\/figure>\n

December 7, 2021<\/strong><\/p>\n

Australian farmers are on track to smash production value and volume records in 2021-22 on the back of exceptional seasonal conditions and a surge in world commodity prices.<\/p>\n

Despite recent flood and rain damage in the eastern states, the ABARES “Agricultural Commodities: December Quarter” report is forecasting a history-making agricultural gross production value of $78\u00a0billion, $5.4\u00a0billion more than predicted just a few months ago.<\/p>\n

The value of agricultural exports is forecast to hit a record $61 billion.<\/p>\n

Production is expected to increase year-on-year for every major livestock commodity and almost every major crop commodity, with farmers forecast to produce the largest volume ever.<\/p>\n

ABARES Executive Director Dr Jared Greenville said Australia was enjoying an extraordinary combination of favourable conditions and 30-year price highs.<\/strong><\/p>\n

\u201cIt would be the first time in at least half a century that production will increase for so many products at the same time,\u201d Dr Greenville said.<\/p>\n

\u201cAnd if these forecasts are realised, 2021-22 will see the largest total volume of agricultural commodities Australia has ever produced.<\/p>\n

\u201cPrices are also at multi-year highs for many agricultural commodities.<\/p>\n

\u201cHigher export volumes and higher prices are forecast for almost every major export commodity, with the total value of agricultural exports being revised up $6.5 billion to $61 billion, also an all-time high.<\/p>\n

\u201cThis uplift in Australian agricultural production value and volume is unprecedented and the result of exceptional growing conditions here and poor seasons being experienced by key overseas competitors.<\/p>\n

\u201cThere is uncertainty how long prices will remain at these levels,\u00a0 and supply chain disruptions, higher fertiliser prices and heavy rainfall domestically will continue to be watch points.<\/strong><\/p>\n

\u201cThis forecast accounts for the unfortunately timed substantial rainfall and localised flooding in east coast growing regions during November.<\/p>\n

\u201cThis will delay harvests and result in some crop losses, but this is unlikely to reduce national harvest tonnage significantly.<\/p>\n

\u201cThe larger impact will be on grain quality, with a higher than usual proportion of the crop being lower-value feed-grade wheat.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Australian farmers are on track to smash production value and volume records in 2021-22 on the back of exceptional seasonal conditions and a surge in world commodity prices.<\/p>\n","protected":false},"author":20,"featured_media":295323,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,36],"tags":[1134],"yoast_head":"\nAg Records Tipped To Be Smashed - southburnett.com.au<\/title>\n<meta name=\"description\" content=\"Australian farmers are on track to smash production value and volume records in 2021-22 on the back of exceptional seasonal conditions and a surge in world commodity prices.\" \/>\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\/2021\/12\/07\/ag-records-tipped-to-be-smashed\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ag Records Tipped To Be Smashed - 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