Australia’s agriculture industry is on track to reach a record value of almost $100 billion this financial year, according to new figures released earlier this month. The latest ABARES Agricultural Commodities Report forecasts the gross value of agricultural production to rise to $99.5 billion in 2025-26, with fisheries and forestry included pushing the total to over $106.4 billion.
Exports are also expected to reach a record $83.9 billion, reflecting strong international demand for Australian produce. Industry leaders credit this milestone to the skill, resilience, and hard work of farmers, alongside ongoing support from the Albanese Labor Government.
Minister for Agriculture, Fisheries and Forestry Julie Collins said: “It’s been a significant year for our farmers and producers, and thanks to their hard work, innovation and commitment to excellence, the value of our agriculture industry is on track to reach almost $100 billion this financial year.
“Our Government is backing our farmers and producers to reach this record result by expanding trade opportunities, supporting them to boost their climate resilience, and by strengthening our biosecurity system.
“This is supporting our farmers to supply their world-class products to communities across Australia and around the globe, to employ more people in our regions, and to strengthen our local economies.
“Our commitment to working with farmers to progress their priorities and to deliver support when they are facing challenges, particularly during drought conditions, never stops.”
The growth comes amid ongoing efforts to diversify markets, remove red tape, and strengthen biosecurity, while $1 billion in new concessional loan funding through the Regional Investment Corporation aims to support farmers facing financial pressures.
Farmers across the country are celebrating a record year, with strong exports and robust local production driving Australia’s agriculture sector toward a historic $100 billion valuation in 2025-26. Photo source: Unsplash
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