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Australia’s agricultural production is forecast to exceed $100 billion this financial year, four years ahead of the National Farmers Federation’s 2030 target.
New forecasts released by the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) show farm gate production will reach a record $101.4 billion in 2025–26, rising to $107.4 billion when combined with fisheries and forestry. Exports across agriculture, fisheries and forestry are also expected to hit a record high of almost $85 billion.
Minister for Agriculture, Fisheries and Forestry Julie Collins said the result reflected the strength of the sector.
“This forecast gives Australians 100 billion reasons to thank our farmers, whose hard work, resilience and skill is helping power our national economy,” she said.
“It shows that the Albanese Labor Government’s work to diversify trade opportunities is helping our farmers and producers to export more of Australia’s world-class agricultural products than ever before.”
The National Farmers Federation first set its $100 billion target in 2018, when the sector was valued at around $88 billion. Since 2022, production value has increased by 15 per cent, with exports now reaching around 190 markets.
NFF President Hamish McIntyre described the forecast as a “landmark moment for Australian agriculture”.
“In 2018, $100 billion was seen as ambitious. Today we’re forecast to reach it ahead of schedule,” he said.
“It proves Australian agriculture can compete with the best in the world.”
CAPTION: Australia’s farm gate production value is forecast to reach a record $101.4 billion in 2025–26, surpassing the National Farmers Federation’s $100 billion target ahead of schedule. Photo source: Shutterstock
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