Agribusiness report shows strong performance in agriculture

The fourth annual Agribusiness Insights Report has been released, providing valuable updates across Tasmania’s agricultural sector.
The 2023-24 Report was developed by the Department of Natural Resources and Environment Tasmania, in consultation with industry and key stakeholders and features a  snapshot of industry performance, emerging opportunities and trends over the last year.

Minister for Primary Industries Jane Howlett said the report notes the challenging drought conditions faced primarily by the red meat sector, other sectors, such as fruit and wine, have managed the past season relatively well with the availability of irrigation water supporting the yield results.”.

“Investment in infrastructure, including irrigation, has helped underpin the strength in the State’s dairy sector despite the challenging seasonal conditions,” she said.

“Tasmanian milk production was up in the reporting period compared to the previous year, with 2023-24 season prices of milk solids providing good returns for the sector.

The report also highlighted that field crops and vegetables had a good and steady season.

“Importantly, it helps inform how the Tasmania Government and industry can continue to work towards achieving the AgriVision target to grow the annual farmgate value of agriculture to $10 billion a year by 2050,” Ms Howlett said.

“Tasmania’s premium produce is the envy of the world and our farmers are the most confident in Australia.”