# Farm profits take a hit | Country News

> ABARES forecasts Australian winter crop production to fall 21% in 2026-27, with New South Wales and Queensland hit hardest by dry conditions. Gross agricultural production is expected to fall 5% and export earnings 9%.

- Date: 2026-07-05 · published 2026-07-05T12:00:00.000Z
- Category: report · region Australia · magnitude medium
- Page: https://feedsoft.ai/events/18307-farm-profits-take-a-hit-country-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A sharp drop in Australian winter crop output reduces export supplies of wheat and barley, which supports world prices. Lower livestock returns could also reduce feed demand over time.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2019-04-17 | [WA wheat programs drop to a new low \| Countryman](https://feedsoft.ai/events/59529-wa-wheat-programs-drop-to-a-new-low-countryman.md) | -1.1% | -11.1% |
| WHEAT | 2026-06-02 | [ABARES report predicts broadacre farm profits will drop by 70 per cent  - ABC News](https://feedsoft.ai/events/18775-abares-report-predicts-broadacre-farm-profits-will-drop-by-70-per-cent-abc-news.md) | -0.6% | +1.3% |
| WHEAT | 2019-03-18 | [USDA Agricultural Projections to 2028- Focus on Corn, Soybeans - Farm Policy News](https://feedsoft.ai/events/60114-usda-agricultural-projections-to-2028-focus-on-corn-soybeans-farm-policy-news.md) | +2.4% | +1.0% |
| WHEAT | 2018-05-24 | [Wait for rain puts dampener on higher prices forecast \| Countryman](https://feedsoft.ai/events/64977-wait-for-rain-puts-dampener-on-higher-prices-forecast-countryman.md) | -0.8% | -2.2% |
| WHEAT | 2017-10-09 | [U.S. Agricultural Exports- Data Update from USDA - Farm Policy News](https://feedsoft.ai/events/68329-u-s-agricultural-exports-data-update-from-usda-farm-policy-news.md) | +4.9% | +0.5% |

## Sources

- countrynews.com.au: https://www.countrynews.com.au/news/farm-profits-take-a-hit/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.