Australian on-farm production is on track to hit a record $ 66.3 billion per year.
Agriculture Minister David Littleproud said this was a great achievement for the agricultural industry and stressed its importance to the Australian economy.
“Australian agricultural production is booming as our farmers, fishermen and foresters fight the pandemic and reach new heights,” said Minister Littleproud.
“Our farmers are finding new international markets and diversifying their production base.
“With the announcement of the UK Free Trade Agreement yesterday, Australian farmers have yet another market to export the world’s best food and fiber.
“We have just harvested the second largest winter harvest on record and are now exporting grain faster than expected, with strong growth in our wheat, barley and canola exports.
“The value of our exports has been revised upwards by $ 400 million because of this and the high prices of livestock in the domestic market.
“The Australian government is supporting our farmers all the way, with additional investments in the budget this year of over $ 400.0 million to further strengthen biosecurity, $ 29.8 million to increase the workforce agriculture and $ 15.0 million to improve trade and market access.
“Results like this are a positive sign on the way to realizing our Ag2030 plan to support the agriculture industry as it works towards its goal of $ 100 billion in production by 2030.
“It just shows that farmers will continue to lead the way in Australia’s post-COVID recovery.”