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Farm profits to dive by 70 per cent as drought and costs bite

The ABARES report for the June quarter predicts national crop production will fall by more than 20 per cent, with profits down 70 per cent for broadacre farms.

1 report1 sourceJun 2, 2026, 1:55 AM
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ABC AustraliaJun 2, 2026, 1:55 AM

Farm profits to dive by 70 per cent as drought and costs bite

The ABARES report for the June quarter predicts national crop production will fall by more than 20 per cent, with profits down 70 per cent for broadacre farms.

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