6 Questions
What is the forecast for average broadacre farm cash incomes in 2023–24?
To fall strongly
Why are crop production volumes forecasted to fall in 2023–24?
Due to expected drier conditions
What led to the small upwards revision in crop production values for 2023–24?
Slightly better than expected prices in recent months
How have recent price data affected livestock values for 2023–24?
Led to a decrease in livestock values
Why are domestic crop prices expected to fall in 2023–24?
Due to falling global prices and lower price volatility
What is the expected change in the gross value of crop production for 2023–24?
$46 billion decrease
Test your knowledge on the forecasted values for total agricultural production, farm input costs, and average broadacre farm cash incomes for 2023-24. Explore the revisions made to the forecast and their impact on livestock values.
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