UPDATE: Queensland’s primary industries are set to reach a staggering $26.79 billion for the fiscal year 2024-2025, marking an incredible 18 percent growth since 2023-2024. This record-breaking forecast was just announced by Tony Perrett, the Minister for Primary Industries, as part of the Crisafulli Government’s commitment to propel primary production value to $30 billion by 2030.
The new figures from AgTrends highlight a remarkable performance across vital commodities. The farm gate value of cattle has skyrocketed to a record high of $7.88 billion, driven by soaring processing and export demand. Cattle prices surged by 17 percent, accompanied by an 11 percent increase in slaughter numbers. Additionally, local producers are enjoying strong export demand for chickpeas, contributing $856 million to the gross value of production (GVP).
Poultry has also hit an all-time high, with a farm gate value reaching $735 million, reflecting a 5 percent increase year-over-year. Cotton production posted a 13 percent growth, totaling $1.15 billion, with an impressive 29 percent rise in bales produced. Horticulture is on the upswing too, achieving its highest recorded value of $4.76 billion.
Perrett emphasized that this growth is a direct result of the Crisafulli Government’s revitalization efforts after a decade of decline, stating, “Good seasons, supportive policy settings, and strong markets have created the right environment for record gains.” However, he cautioned that future trade conditions, international markets, or natural disasters could impact these promising results.
The Crisafulli Government is actively pursuing its Primary Industries Prosper 2050 initiative, aiming to establish a bold long-term vision to enhance opportunities for primary producers across Queensland. “We must continue to support existing industries by removing unnecessary red tape and focusing on new production methods,” Perrett added.
These compelling forecasts signal an urgent need for the government to maintain momentum. “We will continue to work collaboratively with industry to increase profitability and growth,” Perrett affirmed.
For ongoing updates, Queensland’s AgTrends forecasts are updated bi-annually and available on the Department of Primary Industries’ Data Farm Portal. As this story develops, it underscores the significant rebound in Queensland’s agricultural sector, promising hope and opportunity for local producers in the face of challenges ahead.
This news is a clear call to action for stakeholders in the agricultural industry and an indication that the government is committed to fostering a thriving environment for future growth. Share this urgent update to keep your network informed about this transformative moment in Queensland’s primary industries!
