| An Overview of Australian Agriculture
Australia is a significant world producer of many agricultural products, including wheat, wool and beef. Major commercial crops include broadacre grains, oilseeds and legumes to more intensive crops such as rice, sugar, cotton, grapes, bananas, and potatoes. Major livestock products include beef, wool and dairy products, and sheep, pig and poultry meats. In 2001-02 total farm production was $39.3 billion and exports were $30 billion.
Relative to its size in the Australian economy, agriculture provides a disproportionately large share of Australia's exports: 21 per cent of merchandise exports compared to 3 per cent of GDP.

Agriculture is one of the largest employers in Australia, providing over 380,000 jobs in 2001-02. Agriculture also represents a significant input into many other industries, particularly the food processing industry, which had a turnover of $56.6 billion and a value added of $14.7 billion in 2000-01. It is generally acknowledged that Australia has a strong comparative advantage in the production of agricultural products. This is a result of our size, geography, use of technology and workforce skills. Consequently, agriculture is one of the most productive and internationally competitive sectors of the Australian economy. Australian agricultural productivity increased by 3.3 per cent per year between 1988 and 2000, well above the national average of 1.2 per cent and the second highest in the market sector (after communications).
Market opportunities Export markets take the bulk of Australian wheat, beef, cotton, sugar and wool production. Domestic markets are as important or more important than export markets for mutton, dairy products, coarse grains, pulses and horticultural crops.
Around 70 per cent of Australian farm production is exported. Strong potential opportunities for food exports are emerging in the Asian region. The growth in Asian economies, rising standards of living and changes in dietary preferences create demand for more food and for a wider variety. Processed food exports reached $10 billion in 1999-2000 (this is in addition to the farm exports noted above).
Weather Climate is a significant influence on Australian farm production. The current drought is expected to cut the value of farm production from the record $39.3bn in 2001-02 to $30.5bn in 2002-03. The effect on some commodities is very large, with the value of rice production falling by over 70 percent and cotton falling by 60 percent. |