# ABARES report predicts broadacre farm profits will drop by 70 per cent  - ABC News

> ABC News reports ABARES expects broadacre farm profits to fall 70% from last year to about $65,000 per farm, with NSW losses larger still. Winter crop output is forecast down 21%, and the value of agricultural exports is set to shrink by $7 billion. Welcome rain has fallen in some areas, though drier-than-average winter conditions are expected.

- Date: 2026-06-02 · published 2026-06-02T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/18775-abares-report-predicts-broadacre-farm-profits-will-drop-by-70-per-cent-abc-news
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Weaker farm margins may reduce planting and input use, tightening future Australian grain supply. The effect on near-term feed prices is limited, as the cuts are already in the crop forecast.

## Read by commodity

- WHEAT: bullish ▲
- BARLEY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-06-14 | [ABARE crop report signals a 33 per cent fall in winter crop production  \| The Rural \| Wagga Wagga, NSW](https://feedsoft.ai/events/70450-abare-crop-report-signals-a-33-per-cent-fall-in-winter-crop-production-the.md) | +0.6% | +1.3% |
| WHEAT | 2017-09-13 | [National grain harvest 40 per cent down on last year, according to ABARES quarterly Crop Report - ABC News](https://feedsoft.ai/events/68912-national-grain-harvest-40-per-cent-down-on-last-year-according-to-abares.md) | +0.7% | +4.1% |
| WHEAT | 2018-09-11 | [ABARES cuts winter-crop estimate by 12pc in latest crop report - Grain Central](https://feedsoft.ai/events/62981-abares-cuts-winter-crop-estimate-by-12pc-in-latest-crop-report-grain-central.md) | -7.4% | -7.0% |
| WHEAT | 2019-09-10 | [ABARES crop report forecasts another poor harvest for Australia's grain growers - ABC News](https://feedsoft.ai/events/57042-abares-crop-report-forecasts-another-poor-harvest-for-australia-s-grain-growers.md) | +2.6% | +1.0% |
| WHEAT | 2026-06-26 | [Analysts predict more canola acres, minor changes for other crops in next StatCan report \| Farmtario](https://feedsoft.ai/events/6676-analysts-predict-more-canola-acres-minor-changes-for-other-crops-in-next.md) | -0.5% | +3.3% |

## Sources

- abc.net.au: https://www.abc.net.au/news/2026-06-02/crop-production-down-as-farm-profits-take-a-big-hit/106745960

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