Australian agriculture hit $100B in production value in 2025/26, but high costs left farmers with just $22B in profit.

Australian agriculture surpassed $100 billion in gross production value in 2025/26, years ahead of its 2030 target, fueled by strong global prices, favorable weather, and inflation. However, soaring input costs—near $79 billion—left only about $22 billion in margin for farmers, highlighting a growing gap between sector size and farmer profitability. Experts now urge a shift from measuring production volume to focusing on farm-level returns, value retention, and productivity to ensure sustainable benefits for those working the land.