Australian broadacre farm incomes at record highStaff Writer | March 8, 2017
Farm cash income for Australian broadacre farms is projected to average $216,000 per farm in 2016–17, the highest recorded in the past 20 years.
Australia Record winter grain production
“When broadacre farms are separated into the beef, sheep and cropping sectors, it’s clear that farms in all three of these sectors have had a very good run in the past few years,” Mr Jackson said.
Average farm cash income for cropping farms is forecast to rise 25 percent to $398,000 per farm in 2016–17.
“Farm cash income is expected to rise 27 percent for sheep farms to average $133,000 per farm, and 2 percent for beef farms to average $163,000 per farm. ■