Australia’s bumper crop: record agricultural production forecast to total $78bn

Prediction for 2021-22 comes despite flooding and rain damage in the country's east

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Agricultural production will be the largest total volume of commodities Australia has ever produced, with a historic gross production value of $78bn, the Australian Bureau of Agricultural and Resource Economics and Sciences is predicting.

Despite flood and rain damage in the eastern states, the estimation in the Abares Agricultural Commodities report for the December quarter in 2021-22 is an upward revision of $5.4bn from the outlook issued in September, which was already considered record-breaking for surpassing $70bn.

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