Aussie farm produce remains above average. Australian farmers are expected to produce $58 billion worth of goods in the current financial year, marking a decline from earlier forecasts.
Due to lower production as a result of poor seasonal conditions, export earnings for 2018-2019 are tipped to decline by seven percent to $45 billion.
Increases in farmgate prices and strong production in Western Australia are tipped to contribute to the solid result, offsetting the impact of a drought.