NSW agriculture hits a record $15 billion

But while the state’s farmers had undoubtedly enjoyed a good year, Primary Industries Minister Niall Blair said it was clear many were beginning to face seasonal and economic headwinds. 

Nonetheless, Mr Blair today announced the State’s primary industries sector has grown 32.4 percent in gross value of production over the past three years. 

Mr Blair credited the figures to favourable conditions, and the work of DPI, with government on track to exceed its 30 per cent total ag growth target well ahead of the 2020 deadline.

“This is a very significant milestone for all of NSW and in particular our rural and regional communities that ride high on the continuing success of our primary industries,” Mr Blair said.

“A combination of factors has provided a strong tailwind for industry, farmers and DPI to increase the State’s productivity and profitability.

“These factors have included high commodity prices, a run of exceptional seasonal conditions, strong biosecurity and significant research and development programs.”

High performing industries for NSW in 2016-17 were:

Mr Blair said while it had been a good year, government understood many farmers were beginning to face some seasonal and economic headwinds.

“This is why we committed $75 million in this year’s budget for concessional loans under the Farm Innovation Fund to assist primary producers prepare for future drought.

“The NSW Government is committed to working with producers, stakeholders, communities and industry groups to help ease any impacts over the seasons to come.”