This paper describes the current state of Australian agriculture, with the aim of providing key information and statistics in one place. It covers key aspects of Australian agriculture: its role in the broader economy, trends in production, exports, the impact of non-tariff measures, biosecurity, agricultural employment, farm incomes, industry structure, climate variability impacts, productivity, the use of natural resource management practices and sequestration on agricultural land.

Key findings

• Australian agriculture, fisheries and forestry have grown by 45% in the last 20 years.
• China and the USA are Australia’s biggest export markets, accounting for around 21% ($17 billion) and 12% ($9.3 billion) respectively.
• The value of production reached the third highest on record in 2024–25 in real terms.
• The agricultural sector is outperforming the rest of the Australian economy on productivity.
• Sequestration projects are estimated to yield $9 billion in annual profits to landholders in 2050 and reduce costs of offsetting emissions in other parts of the economy by $7 billion annually in 2050.