Australia’s Total Value Of Agricultural Production For 2015-16 Worth $56 Billion

Australia’s Total Value Of Agricultural Production For 2015-16 Worth $56 Billion

Australian Bureau Of Statistics

Value Of Agricultural Production Continues To Rise

Victor P Taffa

Total value of Australia’s agricultural production continues to rise, breaking another record during the 2015-16 year and peaking at $56 Billion, according to Agricultural Census data released today by the Australian Bureau of Statistics (ABS).

ABS Director of Environment and Agriculture Statistics, Lauren Binns said the growth in the value of Australia’s agricultural production in 2015-16 had again been driven by increases in the value of livestock products.

“Value of Australia’s livestock disposals continues to increase, up 10 % to $20.6 Billion compared to 2014-15.” Ms. Binns said.

“Beef was again the largest contributor to this rise, despite fewer animals heading to the saleyards, with strong price rises both domestically and internationally.”

Data collected from around 104,000 businesses ranging from beef cattle production to broadacre farming and vineyards has produced a picture of Australia’s agricultural sector.

Agricultural Census also showed that the most valuable crop types were

  • Wheat ($6.2 Billion),
  • Fruit, nuts and grapes ($5.6 Billion),
  • Vegetables ($3.6 Billion).

Results were mixed for broadacre cropping.

“Nationally, the gross value of broadacre crops decreased by 4.8 % to $15.4 Billion. Most states recorded decreases, with Victoria and South Australia in particular down 28.5 % and 22.8 % respectively.” Ms. Binns said.