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By 2020-21, the gross value of farm production is projected to be $58.5 billion (in 201516 dollars),
under the assumption of average seasonal conditions. This projected value is 11 per cent higher than
the average of $52.6 billion over the five years to 201415 in real terms.
The value of farm exports is projected to be around $45.3 billion (in 201516 dollars) in 2020-21,
also around 11 per cent higher than the average of $40.7 billion over the five years to 201415 in
real terms.
The figures were released today in the March issue of Agricultural Commodities at the ABARES
Outlook conference in Canberra.
In addition to the commodity outlook to 202021, the March issue contains analysis of the
performance of broadacre and dairy farms; productivity in Australias broadacre and dairy industries;
and a disaggregation of farm performance statistics by farm size.
The full report is available on the ABARES website.
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