- 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.
- Confidence in the primary industries sector is growing under Crisafulli Government, after a decade of decline under Labor.
- The Crisafulli Government is committed to the ambitious goal of growing the value of primary industries to $30 billion by 2030.
The Crisafulli Government is delivering on its commitment to boost the value of primary production to $30 billion by 2030, with new industry figures showing record growth in the industry.
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.
After a decade of decline under an out of touch Labor government, renewed confidence under an LNP government is supporting growth in a sector with strong potential.
The Crisafulli 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 Crisafulli Govenrment's ambitious target to boost Queensland's primary food production output to $30 billion by 2030.
Minister for Primary Industries Tony Perrett said the Crisafulli Government bold vision has contributed to rising confidence and optimism in the sector.
"Good seasons, supportive policy settings, strong markets and confidence there's a government at the helm with a thorough understanding of the sector and genuine commitment to see its growth and prosperity have created the right environment for record gains," Minister Perrett said.
"I cautiously welcome the results with a clear understanding a shift in trade conditions, international markets, the next drought or natural disaster could see these promising results curbed.
"More work needs to be done to capitalize on this record growth, and we will continue to work collaboratively with industry to increase profitability and growth through Prosper 2050 and supporting action plans across the state.
"These encouraging forecasts are a clear signal to the Government that we must keep working hard to deliver the right policy settings and build on this record growth.
"We must continue to support existing industries by removing unnecessary red tape or impediments while also focusing on avenues for growth such as new production methods, products, and markets.
"I will continue to listen to primary producers right across the state as the Crisafulli Government works to rebuild from ten years of Labor inflicted neglect to Queensland's primary industries."
Queensland's AgTrends forecasts are updated bi-annually on the Department of Primary Industries' Data Farm Portal
