← Back to News & Blog posts

Record crops deliver big agriculture gains

The five yearly Agricultural census undertaken by the ABS showed that 2020-21 was an exceptional year for Australian Agriculture.  According to the article in the West Australian, Australian farmers made a 17 percent increase in profits in that year. Wheat and cotton were big winners thanks to drought-breaking rains and increased availability and use of irrigation. It was reported that the livestock situation stayed mostly constant. This has implications for the ability of RDCs to use extra levy funds to work with the Future Drought Fund initiatives to improve drought preparedness in the future.