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Farm production to hit record $66 billion
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Elders Limited boss Mark Allison says farmers are setting themselves up for a more resilient future following a remarkable recovery from drought that has them on target to hit record agriculture production in fiscal 2021.
Official government forecaster ABARES is tipping agricultural production to hit $65.9 billion, an 8 per cent jump on last year, on the back of a huge grain harvest already flying out of ports to overseas markets.
Farmers are sending fewer cattle to saleyards as they look to rebuild herds depleted in the drought.Â
Alex Ellinghausen
The rain that helped deliver the bumper crop is also behind an expected drop in the value of agricultural exports as livestock producers rebuild herds and flocks and red meat production slows.