The 2017 Queensland Rural Debt Survey report reveals total rural debt in Queensland was $17.24 billion as of the end of last calendar year.
Of the 16 industries captured in the survey, the three major rural debt holding industries included beef, cotton
and sugar, which held $11.72 billion, and was in line with the relative size of the industries in the state.
The report said the industry had suffered volatile commodity prices, increased climate variability, increased demands from a growing population and limitations on land and water resources since the last report.
More than half of Queensland's agricultural product was exported, with the major export markets comprising China, Japan, India, Korea, the United States and Indonesia.