Drought and the US-China trade war will knock the value of Australia's farm production to $59 billion this year, its lowest level for four years, according to the Australian Bureau of Agricultural and Resource Economics and Sciences .ABARES is forecasting a four-year low in agricultural production, predicting the smallest winter crop in a decade
In its latest agricultural commodity outlook, ABARES also anticipates that net farm incomes will fall by 12 per cent on last year, with export earnings expected to dip to $44 billion. ABARES said the trade war, along with the spread of African Swine Fever, had benefited livestock producers already experiencing"unprecedented" global demand.
"The risk is that consumers in these markets could react by substituting away from high-value agri-food products to lower-cost alternatives," the report said.
The average farmer in Australia produces enough food to feed five hundred other people. This is why cityfolk should never begrudge the support & funding that our primary producers get. Yes just 10000 people keep every single person in Melbourne alive, for now. Support & respect!
At the last election, rural seats voted en masse for a group of climate change deniers promoting water theft in the Liberal and National party. Farmers now need to sleep in the bed they have made.
Drought? It's global warming!!! We have the technology to fix everything 'desalination plants and pipelines combined with renewable energy'but apparently we're too greedy to care
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