and international trade stoushes will have a significant negative impact on farming exports, with farming revenue expected to fall to its lowest level in four years.
Terry Brett lives outside of Mudgee in regional NSW on a drought-stricken beef cattle farm and said the outlook"is not looking great".This NSW farmer has revealed the devastating toll the drought has had on his mental health Grains make up 15 per cent of Australia’s total exports, but the latest Australian Bureau of Agricultural and Resource Economics predicts a major drop this year.
But prices are up for some of the sector: as other regions contend with African swine flu - demand for Aussie lamb and beef has risen.“We are expecting exports to be down about 11 per cent so to come in at about 44 billion dollars. That is around 4 billion dollars less,” ABARES chief commodity analyst Peter Gooday said.China is Australia's most significant agricultural trade partner and is currently involved in an escalating trade war with the White House.
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