Farmland survey finds little improvement in the agricultural commodities sector

FourFour2 1 Farming is the single biggest employer in Australia, but with just under 30 per cent of the country’s agricultural commodities being produced, there is little improvement on the sector’s position over the last five years.

Farmland survey results from the Australian Bureau of Statistics (ABS) showed that in 2016/17, there were 4.7 million hectares of land owned by farming enterprises, an increase of 3.1 per cent from the previous year.

The figures also showed that farmers owned just over 4.4 million hectares, an improvement of 0.9 per cent compared to the previous financial year.

However, in the last financial year, the total farm land owned grew by 0.3 per cent to 2.8 million hectares.

Overall, the sector is growing by just over 6 per cent annually.

In 2016/2017, 1.7 per cent more farmers were working in agriculture than the previous 12 months, while 4.6 per cent less farmers were employed.

While there were an increase in the number of farmers employed in the agriculture sector, the number still remained well below the national average of 6.3 million.

The survey found that in the year to March 2019, 1,200 more farms were registered in Australia than the 12 months prior, a trend that has continued in the past year.

Topics:government-and-politics,agri-food-and,environment,farm-crops,industry,business-economics-and.financial-markets,australiaFirst posted September 20, 2018 11:07:46Contact Nick O’LearyMore stories from Australia