1、Australian agricultural outlook2025ContentsExecutive summary.3Economic outlook.5Cattle.7Cropping.10Dairy.15Horticulture.18Sheep.23Wool.26Climate and carbon.29The Australian agricultural industry navigated a more stable operating environment in the second half of 2024.Commodity prices across a range
2、of sectors were broadly steady on the back of reduced global volatility,with average to slightly elevated national production also aiding price stability.Fortunes at a state level were mixed in comparison as varied seasonal conditions resulted in contrasting prospects for Australian farmers.Producer
3、s located in South Australia,Tasmania and western Victoria in particular encountered significant rainfall deficits,alongside bouts of frost and in some cases hail.Farmers are expected to see a more positive first half of 2025 amidst a generally favourable rainfall outlook and improving demand prospe
4、cts,though a key concern is the geopolitical environment which is becoming increasingly unpredictable.Bendigo Banks Australian Agriculture Outlook 2025 provides an in-depth perspective on supply,demand,and price outlooks for Australias major agricultural commodities.By analysing historical trends an
5、d considering future scenarios,the Outlook presents a detailed view on what lies ahead for Australian farmers to help them make informed business decisions.There are three key themes highlighted throughout this report that will impact Australian agriculture in the first half of 2025 seasonal conditi
6、ons,trade conditions and economic growth prospects.Varied seasonal conditions were seen across the country in 2024 with timely rainfall across Queensland,New South Wales and Western Australia contrasted by drought conditions across South Australia,Tasmania and western Victoria.Production and quality