# ABARES Outlook 2020: Everything you need to know | Farm Online | ACT

> ABARES' March 2020 Outlook forecasts Australian farm production falling to $59 billion, with farm export values down 11% to $43 billion. Cotton output is seen at just 600,000 bales because drought limited plantings, and nearly a third of broadacre farms are expected to have negative incomes.

- Date: 2020-03-03 · published 2020-03-03T12:00:00.000Z
- Category: report · region Australia · magnitude low
- Page: https://feedsoft.ai/events/54103-abares-outlook-2020-everything-you-need-to-know-farm-online-act
- Commodities: [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Barley](https://feedsoft.ai/c/BARLEY.md)

## Why it matters

Drought-driven cuts to Australian output reduce farm supply and export volumes across several commodities, though the report itself does not clearly move a specific feed price.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WHEAT | 2026-06-02 | [ABARES Outlook: 54.5m tonne crop, but complex season for growers \| Farm Online \| ACT](https://feedsoft.ai/events/18771-abares-outlook-54-5m-tonne-crop-but-complex-season-for-growers-farm-online-act.md) | -0.6% | +1.3% |
| WHEAT | 2022-03-02 | [ABARES confirms first crop ever above 60 million tonnes \| Farm Online \| ACT](https://feedsoft.ai/events/42227-abares-confirms-first-crop-ever-above-60-million-tonnes-farm-online-act.md) | +6.9% | +20.3% |
| WHEAT | 2020-02-18 | [ABARES announces further cuts to wheat crop \| Farm Online \| ACT](https://feedsoft.ai/events/54571-abares-announces-further-cuts-to-wheat-crop-farm-online-act.md) | -0.9% | -0.1% |
| WHEAT | 2020-09-09 | [ABARES ratchets up forecasts \| Farm Online \| ACT](https://feedsoft.ai/events/51088-abares-ratchets-up-forecasts-farm-online-act.md) | +0.3% | +8.1% |
| WHEAT | 2021-06-09 | [ABARES flags big year for grain growers  \| Farm Online \| ACT](https://feedsoft.ai/events/46545-abares-flags-big-year-for-grain-growers-farm-online-act.md) | +5.6% | -5.2% |

## Sources

- farmonline.com.au: https://www.farmonline.com.au/story/6657567/all-you-need-to-know-from-abares-outlook-2020/

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