The future is bright for agriculture after reports today the state's farmgate value stands at a record $20.9 billion.
Two fantastic growing seasons following a prolonged drought, bushfires and floods showed there was huge potential in the sector NSW Farmers President James Jackson said.
"This is fantastic news for farmers who work so hard to grow our food and fibre," Mr Jackson said.
"Every single dollar we grow on farm contributes to our regional communities, and in turn our state and our nation.
"After a tough couple of years with COVID, mouse plagues and now this flooding along the Lachlan River, this is very welcome news for farmers."
Crops such as wheat, canola, rice and cotton led the $5 billion surge in value from last year, and even though damage from the recent rain and flooding was yet to be tallied, Mr Jackson said it showed agriculture could lead the way in rebuilding our economy.
"COVID left a huge hole in budget bottom lines, but this is a clear indicator that if our state and our nation wants to grow into the future, farming is the way to go," he said.
"We have a strategy to build the sector to $30 billion in farmgate value by 2030, and the benefits will be felt right across country communities.
"Our recent Stronger Ag Stronger Regions report showed investment in farming - and the associated returns - have multiple benefits for the bottom line."
