# Second-highest year on horizon for sector - DAFF

> ABARES forecasts Australia's agriculture sector value at A$88.4 billion in 2024-25, up A$6 billion, with the second-highest production value on record. Higher livestock prices are the main driver, and winter crop volumes are up 16% to 55.1Mt despite losses in South Australia and Victoria.

- Date: 2024-12-03 · published 2024-12-03T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/26916-second-highest-year-on-horizon-for-sector-daff
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Strong livestock values and red meat export demand support cattle prices, while the larger winter crop adds to grain supply. Overall the impact on feed prices is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-03-02 | [Drier conditions on the horizon after record year - DAFF](https://feedsoft.ai/events/20125-drier-conditions-on-the-horizon-after-record-year-daff.md) | +1.6% | +0.1% |
| WHEAT | 2025-09-01 | [Record highs as ag, fish and forestry sectors crack $100 billion - DAFF](https://feedsoft.ai/events/22820-record-highs-as-ag-fish-and-forestry-sectors-crack-100-billion-daff.md) | -0.6% | -1.2% |
| WHEAT | 2025-04-02 | [Harvesting Success Agriculture Set For Third-Highest Year On Record - Mackay Whitsunday LIfe](https://feedsoft.ai/events/25093-harvesting-success-agriculture-set-for-third-highest-year-on-record-mackay.md) | -0.8% | +1.9% |
| WHEAT | 2025-03-03 | [Strong year for Aussie ag beefed up by livestock - DAFF](https://feedsoft.ai/events/25536-strong-year-for-aussie-ag-beefed-up-by-livestock-daff.md) | -3.4% | +0.5% |
| WHEAT | 2026-01-04 | [Winter crop harvest for 2025-26 tipped at second highest on record - Australasian Farmers' & Dealers' Journal](https://feedsoft.ai/events/21019-winter-crop-harvest-for-2025-26-tipped-at-second-highest-on-record-australasian.md) | +0.6% | +3.1% |

## Sources

- agriculture.gov.au: https://www.agriculture.gov.au/about/news/abares-december-outlook-reports

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