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ABC News
ABC News
Business
national rural reporter Kath Sullivan

Good weather, high prices and the most valuable farm export earnings on record ABARES predicts

ABARES Jared Greenville Australia

For the first time, the value of Australia's food and fibre exports is expected to exceed $70 billion as good weather conditions and high prices continue for farmers.

But the value of farm production overall will soften slightly, dropping from $85 billion in 2021–22 to $81.8 billion this year, according to the Australian Bureau for Agricultural Resource Economics and Sciences (ABARES).

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