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Australian agriculture mid-year outlook 2021

9 July 2021 |Agricultural Outlook
Farmer and Rural Bank staff member looking out across a paddock.

Australian agriculture mid-year outlook 2021

9 July 2021 |Agricultural Outlook

Rural Bank has released its agricultural outlook for the second half of 2021. The report analyses the performance of six industries.

Australian agriculture is forecast to perform strongly for the rest of the year. This further demonstrates its resilience in the face of trade impacts and COVID-19.

As the domestic economy recovers, demand for agricultural commodities will continue to rebound. Lamb and mutton, horticulture, dairy and wool are all expected to strengthen. While it's anticipated that cattle and cropping prices will begin to soften.

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