Production and export pressure According to Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES), agricultural production and exports are still under extreme pressure despite six months of farm-reviving rainfall in many parts of drought-stricken rural Australia.  It’s clear that Coronavirus is partly to blame and may further erode harvests later into the financial year, however the true extent to which it will affect the Agricultural economy is unknown and purely speculative at this point.   Rainfall and Livestock production Our farmer database consists of over 100,000 farmers that make up the $61b gross annual agricultural production in Australia. This number consists of over 100 different farm types who we continually engage in market research with the principle goal of enhancing productivity nationwide and helping alleviate pressure on farmers any way we can. We have noticed that increased rainfall has actually had a somewhat paradoxical effect on the economy as livestock producers are withholding sheep and cattle from the market in an effort to rebuild numbers. This has caused a massive downturn in production earnings ($28.9b according to ABARES). However, through our continued market research and farmer engagement we have established that this number is no cause for panic in … Continue reading Agricultural Production and Export Pressure