Agricultural Outlook
- Ian Watson
- May 2
- 1 min read
Updated: 2 days ago
Bendigo Bank has produced its Agricultural Outlook 2025.
The Australian agricultural industry navigated a more stable operating environment in the second half 2024. Commodity prices across various sectors were broadly steady due to reduced global volatility, with average to slightly elevated national production also aiding price stability.
Fortunes at a state level were mixed, as varied seasonal conditions resulted in contrasting prospects for Australian farmers. Producers in South Australia, Tasmania, and western Victoria encountered significant rainfall deficits, alongside bouts of frost and, in some cases, hail.
Farmers are expected to see a more positive first half of 2025, amidst favourable rainfall and improving demand prospects.
Full report below.