ABARES Outlook: Farm production down and tough choices ahead

Website Editor

The Australian Bureau of Agricultural and Resource Economics and Sciences ( ABARES ) held its annual Outlook conference in Canberra this week, with this year’s conference focusing on the need to make tough choices to boost agricultural productivity and resilience.

In his opening address at the conference, ABARES Executive Director Dr Steve Hatfield-Dodds identified five key areas that are vital to meeting the sector’s goal of achieving agricultural production of $100 billion by 2030. The five areas are:

  • Ensuring agriculture is attractive to workers and investors
  • Harnessing innovation to boost performance
  • Promoting on-farm resilience and risk management
  • Persisting with water reforms
  • Respecting and responding to evolving consumer expectations

“Australian agriculture has many advantages, and a track record of good performance, underpinned by tough choices,” said Dr Hatfield-Dodds. “But to thrive and grow—to meet $100 billion—some difficult decisions will need to be made.

“We should be mindful of the substantial, and sometimes painful, reforms that underpinned the growth achieved in recent decades—and that favourable global prices account for 90 per cent of past trend growth. Each of the five areas bring both opportunities and threats, but support the theme of enhancing the wellbeing of producers, consumers, regions, and the nation to increase prosperity.”

This careful outlook on Australian agriculture’s hopes of reaching the mythical $100 billion target by 2030 were dented by news from the conference that the value of farm production for 2018-19 is expected to decline by four per cent to $58 billion.

The main driver of the drop was poor eastern winter crops as a result of drought, thought high prices and a near-record crop in Western Australia provided a significant boost to the national production. ABARES forecasts production to recover in 2019-20 and then grow slowly over the medium term.

It wasn’t all bad news though, with ABARES announcing that – despite the drought in the eastern states – water allocation prices in the southern Murray-Darling Basin next year are unlikely to reach the peak levels experienced during the Millennium drought.

While prices are high at the moment with water allocations trading at around $450 per ML, ABARES modelling predicts that even if dry conditions continue, prices will stay below those experienced in 2007 to 2009.

You can read more from the ABARES Outlook conference by visiting the website.

NEWS
December 18, 2025
Prodoz, a Proudly Australian and family-owned agribusiness, based in Melbourne, is strengthening its positions as national/international leader in advanced crop – science solutions through a growing portfolio of global innovation partners and a distribution footprint supported by all major distributors - includes Nutrien Ag, Elders, Lindsay Rural and Independent Rural stores.
December 18, 2025
Australia’s climate is tougher than ever. Heat spikes, dry periods, salinity, waterlogging and sudden frost events are becoming an everyday part of farmers lives.
December 17, 2025
Trace minerals are required for optimal growth, reproduction, and immunity. Optimising trace mineral status relying solely on oral supplements across a herd may fail because of variation in individual intake and reduced absorption due to antagonism of other ration components and minerals. The use of injectable trace mineral supplements has been associated with positive reproductive outcomes including improved conception rate, increased odds of pregnancy and greater final in calf rate. A study conducted on 2,168 dairy cows, administered injectable trace minerals, four weeks prior to calving and again four weeks prior to the start of mating showed treated animals had a 3.3 per cent greater final in-calf rate, and a reduced time from start of mating to conception, compared to control animals 1 . The Importance of B12 Dr Carl Eden, Technical Services Veterinarian with Boehringer Ingelheim says “Vitamin B12 is sometimes referred to as a ‘super vitamin’ because it is only required in very small amounts but vital to many essential metabolic pathways. However, demand for B12 can vary considerably during the year and we see serum levels of B12 fall at critical times, such as the first few months after calving.” Vitamin B12 contains cobalt, so deficiency in cobalt can lead to deficiency in vitamin B12 because ruminants get most of their B12 as a byproduct of ruminal fermentation where the bacteria in their rumen assemble B12 from cobalt for use by the cow. Sub-optimal trace mineral and vitamin B12 status at calving, mating, and drying off has been shown to negatively impact growth, reproduction, and immunity. Using a trace mineral injectable containing vitamin B12 can improve trace mineral and vitamin B12 status at these critical times. Marks-Min with Vitamin B12 – The Evidence In the largest trace element study to date, Marks-Min Injectable Trace Mineral with Vitamin B12 demonstrated remarkable results when compared to a reference trace mineral injection. “Given the differences between Marks-Min and other products on the market, we wanted to generate a compelling data set to demonstrate how effective it was compared to the pioneer product. We entrusted this work to a third-party research company” says Dr Eden. “We chose farms that were at the top of their game from a reproductive perspective. We made sure that the farms had no evidence of trace element or vitamin B12 deficiencies or excess.” Across all outcomes of interest, Marks-Min demonstrated clear non-inferiority when compared to the reference product. Outcomes measured included submission, pregnancy and conception rates, and six week in-calf rate. Marks-Min demonstrated it is highly suited as an alternative treatment to the reference product. Reference: 1. Hawkins, D., and B. V. S. Franklin. New Zealand Dairy Veterinarians Newsletter 24 (2007): 12-16 Company website: livestockfirst.com.au Company email address: CustomerCare.Australia@boehringer-ingelheim.com Company video: https://vimeo.com/1138807630?fl=pl&fe=cm
December 17, 2025
Find out why the first summer drench can be so important in protecting your flock’s health, plus what to look for in your summer drench of choice.
December 17, 2025
A NSW-based innovator has developed a patent-pending, front-mounted firefighting and utility system for tractors, giving farmers instant, in-cab-controlled fire suppression, water and fuel on hand, and safer solo operations.
December 12, 2025
Barko Security is bringing drone technology to agriculture while building on a decade of security and a lifetime of agricultural know-how.
Show More