Drought eats into Australia's agri-accounts

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Drought eats into Australia's agri-accounts

Postby Dax » 18 Jun 2019, 12:43

Another nail in the coffin of the future and an irreversible one.

"Australia's drought has slashed grain production, driven the national cattle herd to 25-year lows and stripped away export value, according to the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES).

But, in its latest forecast and a series of farmer confidence surveys there are signs of positivity emerging among Australia's farmers.

ABARES reported the total value of Australia's farm production will drop 3 per cent in the coming 2019-20 season to $59 billion, while export earnings will drop by 4.5 per cent, due to declines in beef, wool, lamb and cotton."

https://www.abc.net.au/news/2019-06-18/ ... s/11219206
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