Australian Agriculture Hits $100B, Despite Challenges

0:00In Sydney, it's March 3rd. Here's what is happening. Australian agriculture is on track to hit a $100 billion farmgate value this financial year, beating its original 2030 gold by four years. The National Farmers Federation set this target back in 2018 when value sat around $60 billion amid tough drought. Conditions. Farmers have pushed through major hurdles to make it happen. Earlier this week, NFF Chief Hamish McIntyre called it a landmark moment earned despite droughts, fires, floods, a pandemic, and global trade issues. He highlighted how new technologies in science help boost productivity. Even in dry years, with record beef exports and the second biggest winter, crop harvest ever. Federal agriculture minister Julie Collins praised farmers for their hard work and resilience, saying it delivers big wins for regional communities. She noted the government's focus on diversifying trade to keep momentum going.

1:00Looking ahead, experts at the Australian Bureau of Agricultural and Resource Economics and Sciences predicted dip to about $95 billion. Next year, that's due to below-average rainfall in Southern Australia, falling crop prices, and trade uncertainties from global tensions. Meanwhile, leaders warn of extra challenges like Middle East conflicts disrupting shipments and needs for better regional labor and housing. Still, the Federation plans to set even bigger goals after this celebration. DNN is sponsored by our partner. Check out the episode description. A pillow that plays your sound quietly, comfortably, effortlessly, effortlessly, built for night time listening, S-O-L-I, solelypillow.com.