- Queensland’s Primary Industries forecast to achieve record growth of $26.79 billion Gross Value of Production (GVP) in the year ending June 2025.
- Record breaking farm gate value for cattle and poultry among the highlights.
- The Queensland Government is committed to the ambitious goal of growing the value of primary industries to $30 billion by 2030.
New Agtrends figures show Queensland primary industries is forecast to achieve a record GVP worth $26.79 billion for 2024-2025, a rise of 18 per cent for the sector since 2023-2024.
The significant increase has been delivered through strong performance across key commodities including;
- Farm gate value of cattle record high of $7.88 billion up almost 30% on 2023-24, driven by strong processing and export demand.
- Increase of 17% for cattle prices and greater slaughter numbers (11% increase).
- Chickpeas contributed $856 million in GVP, with local producers capitalising on strong export demand.
- Record farm gate value for poultry of $735 million (5% increase over the year).
- Thirteen per cent growth for cotton to $1.15 billion with a 29% increase in bales produced.
- Horticulture forecast posted its highest recorded value of $4.76 billion.
The Queensland Government is delivering a fresh start for Queensland’s agricultural sector through Primary Industries Prosper 2050 – the largest sector-wide consultation ever undertaken – which sets a bold long-term vision to supercharge the sector and unleash new and exciting opportunities for primary producers.
The blueprint also drives the Queensland Govenrment’s target to boost Queensland’s primary food production output to $30 billion by 2030.
Queensland’s AgTrends forecasts are updated bi-annually on the Department of Primary Industries’ Data Farm Portal
