Export earnings above average despite farmgate earnings fall

A FALL in farm gate export earnings is expected next financial year, with the latest agriculture commodities report showing a slowdown since last year's $41 billion bumper season.

But export earnings forecasts from the ABARES released on Tuesday showed despite the fall, both farm production and export earnings for 2014-15 were still expected above the 10-year average.

The fall, a 6.2% drop in farm export earnings expected in 2014-15, will still show earnings of about $38.5 billion.

ABARES executive director Karen Schneider said the forecasts showed earnings were still forecast to sit about 9% above the decade to 2012-13.

"The fall in export earnings follows a forecast 4.6% decrease in the volume of farm production in 2014-15, compared with the estimated increase of 6% in 2013-14," she said.

"Export earnings in 2014-15 are forecast to fall for both crop products, by 9.6% to $20.4 billion, and livestock products, by 1.9% to $18.1 billion."

Commodities exports expected to take a hit next financial year include barley, canola, beef and veal, rice, horticulture products and mutton, while rises were forecast for live cattle and sheep and sugar.



LETTERS: Social connections more important now than ever

Premium Content LETTERS: Social connections more important now than ever

Letters and SMSes to the editor and Harry’s View.

REVEALED: Rocky candidates address region’s key issues

Premium Content REVEALED: Rocky candidates address region’s key issues

Election hopefuls reveal their solutions on how to combat some of the region’s most...

Repeat offender jailed for disqualified driving

Premium Content Repeat offender jailed for disqualified driving

A MAN who has been disqualified from driving for 13 years has been sent to jail for...