'Queensland AgTrends' includes the latest economic forecasts and trends in Queensland agricultural, fisheries and forestry production.
The report provides gross value of production forecasts for each of Queensland's major primary industry commodities, as well as forecasts for first-round processing activities. The main edition of 'Queensland AgTrends' contains initial forecasts for the most recent financial year and is published annually.
These forecasts are then reviewed during the year. Changes to the initial forecasts are reported six months later in the subsequent edition of 'AgTrends update'.
For 2019–20, the total value of Queensland’s primary industry commodities (combined gross value of production and first-stage processing) is forecast to be $17.80 billion, 5 per cent less than the April 2019 estimate and 6% less than the average for the past 5 years.
Gross value of production ('farm gate') outlook
In October 2019, the 2019–20 GVP of Queensland’s primary industry commodities at the farm gate was forecast to be nearly $13.94 billion. This forecast is 5% less than DAF’s final estimate for 2018–19 and 7% less than the average for the past 5 years.