# ABARES forecasts value of Australian agriculture to hit $81b in 2021-22, a new record - ABC News

> ABARES forecast Australian agricultural value to reach a record $81 billion in 2021-22, driven by a record grain harvest and the highest prices in 32 years. Average cropping farm income is estimated at $572,000, and agricultural exports are expected to rise by about a third.

- Date: 2022-02-28 · published 2022-02-28T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/42662-abares-forecasts-value-of-australian-agriculture-to-hit-81b-in-2021-22-a-new
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

A record Australian grain harvest adds supply to world feed-grain markets, which is modestly bearish for barley and wheat prices despite high prices.

## Read by commodity

- WHEAT: bearish ▼
- BARLEY: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2017-03-06 | [ABARES Outlook: Value of Australia's agriculture sector to peak after three years of strong growth - ABC News](https://feedsoft.ai/events/71945-abares-outlook-value-of-australia-s-agriculture-sector-to-peak-after-three.md) | -0.2% | +0.3% |
| WHEAT | 2021-01-09 | [Forecast - Farmgate value to rise 7% to $65 billion I Australian Rural & Regional News](https://feedsoft.ai/events/49104-forecast-farmgate-value-to-rise-7-to-65-billion-i-australian-rural-and-regional.md) | +1.4% | -4.0% |
| WHEAT | 2025-12-02 | [Australia's 2025-26 Winter Crop Forecast: Near-Record Harvest of 66.3 Million Tonnes \| ABARES - News and Statistics - IndexBox](https://feedsoft.ai/events/21472-australia-s-2025-26-winter-crop-forecast-near-record-harvest-of-66-3-million.md) | -1.2% | -1.1% |
| WHEAT | 2019-03-05 | [ABARES forecast: 38% more grain in Australia if it](https://feedsoft.ai/events/60041-abares-forecast-38-more-grain-in-australia-if-it.md) | -1.0% | -1.8% |
| WHEAT | 2024-02-06 | [US Department of Agriculture grain report hits Australian prices \| The Land \| NSW](https://feedsoft.ai/events/31626-us-department-of-agriculture-grain-report-hits-australian-prices-the-land-nsw.md) | -3.6% | -0.2% |

## Sources

- abc.net.au: https://www.abc.net.au/news/rural/2022-03-01/record-value-from-australian-farmers-in-81-billion-dollar-year/100869156

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