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

ABARES report predicts broadacre farm profits will drop by 70 per cent Tue 2 Jun 2026 at 11:55am In short: ABARES is forecasting a fall of 21 per cent in winter crop production across Australia. Farm profits are likely to be significantly lower due to high prices for fuel and fertiliser What's next? Welcome rain has fallen across some affected areas in recent days, and many farmers remain positive about the future.

ABC Australia 8d ago