Australia’s agriculture sector is set for an exceptional year. ABARES’ December quarter reports forecast combined agriculture, fisheries and forestry production to reach a record $106.4 billion in 2025–26. Agricultural production alone is expected to hit $99.5 billion—the highest on record—driven by firm livestock markets and steady national crop value.

Record Production And Exports On The Horizon

• Strong restocker demand is lifting livestock prices and value across sheep, lamb, and cattle, even as turnoff moderates.
• Combined agriculture, fisheries and forestry export value is forecast to rise to $83.9 billion, with farm exports projected at $78.9 billion.
• These settings underscore the strength, resilience and global competitiveness of Australia’s primary industries as we head into 2026.

Profitability And Crop Outlook

• Average broadacre farm cash income is forecast to reach $227,000 per farm in 2025–26—an encouraging lift for producers.
• Australia’s national winter crop production is on track to reach 66.3 million tonnes, the second-largest on record.
• Harvest is well underway across all states, with significantly above‑average yields reported in northern New South Wales, Queensland and Western Australia. Parts of south‑east Australia, however, experienced a dry spring that tempered yields in some districts.

What This Means For Producers And Agribusiness

Record production and export settings heighten the need for capable leadership, skilled operators and resilient teams across the value chain. To convert market momentum into sustainable results, we’re advising clients to prioritise workforce strength in:

• Livestock and red meat
• Broadacre and grains
• Inputs and services
• Export growth and market access
• Business performance

Plan Now To Make 2026 Your Year

The outlook is outstanding. Turning it into sustained performance will come down to people—capable leaders, skilled operators and cohesive teams. If you’re planning for 2025–26, The Lucas Group is ready to help you build the workforce that carries your business confidently into 2026 and beyond.

Look at out Guide to Workforce Priorities For 2025–26 for more information and advice about how to leverage this momentum into 2026.

Source: ABARES