# Ag's $81-billion record-breaking year off the back of rising commodities: ABARES | Farm Online | ACT

> ABARES forecast Australia's 2021-22 agricultural value at a record $81 billion, with record exports of $67 billion. The agency warned that prices are likely to correct and that net production is expected to fall about 6 per cent next financial year.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42661-ag-s-81-billion-record-breaking-year-off-the-back-of-rising-commodities-abares
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A record Australian harvest and high export values signal ample supply from a major barley and wheat exporter, which tempers feed-grain price upside over the coming year.

## Read by commodity

- WHEAT: neutral
- BARLEY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2020-03-02 | [Cropping to lead the way in ag comeback \| Farm Online \| ACT](https://feedsoft.ai/events/54102-cropping-to-lead-the-way-in-ag-comeback-farm-online-act.md) | -0.1% | -4.3% |
| WHEAT | 2018-01-17 | [Record crop could lose 4.65mt according to estimate \| Farm Online \| ACT](https://feedsoft.ai/events/66944-record-crop-could-lose-4-65mt-according-to-estimate-farm-online-act.md) | +2.6% | +6.4% |
| WHEAT | 2022-01-01 | [Farm production tipped to break record $78b this financial year](https://feedsoft.ai/events/43535-farm-production-tipped-to-break-record-78b-this-financial-year.md) | -0.4% | +9.4% |
| WHEAT | 2024-10-23 | [Northern crop pushes national production above last year \| Farm Online \| ACT](https://feedsoft.ai/events/27830-northern-crop-pushes-national-production-above-last-year-farm-online-act.md) | +0.3% | -1.4% |
| WHEAT | 2025-09-04 | [ABARES says crops on target for third-largest yield on record \| Farm Weekly \| WA](https://feedsoft.ai/events/22822-abares-says-crops-on-target-for-third-largest-yield-on-record-farm-weekly-wa.md) | -1.3% | -1.6% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/7637949/ags-81-billion-record-breaking-year-off-the-back-of-rising-commodities/

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