Australian Crops Annual Review 2017
National crop production forecast to reduce by a third
This year's Ag Answers Australian Crop Annual Review 2017 has been released and forecasts production to be about 30 per cent lower than last season’s record levels, dipping 10 per cent below the five year average.
The Review finds that in this substantial year-on-year swing, poor early season weather conditions across most of the country’s cropping regions - combined with a drier than normal winter - has limited yields significantly, and below average production is now expected in Western Australia, Queensland, New South Wales and South Australia.
Australian Crop Update April 2017
With a record 2016/17 harvest completed Australian farmers are now planning the 2017/18 season. Front of mind will be low wheat and coarse grain prices, historically low but rising fertiliser prices, high global stocks and the likelihood of a drier than normal season ahead.
The April 2017 Australian Crop Update provides producers and industry with a concise analysis of the Australian cropping sector.
Australian Crop Update February 2017
Expected to exceed 53 million tonnes, the 2016/17 harvest is set to be the highest on record and 34 per cent higher than last season. The challenge now for growers will be to secure the best price for their grain, as prices are predicted to remain under downward pressure.
The February 2017 Australian Crop Update provides producers and industry with a concise analysis of the Australian cropping sector.
Want more information?
Ag Answers is a specialist insights division of Rural Bank. If you would like to learn more about Ag Answers or to view our other reports please visit our Ag Answers page. You can also receive Ag Answers reports direct to your email by subscribing to Rural Bank Insights.