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Trends in Farm Sector Output and Exports

Author

Listed:
  • Vanessa Rayner

    (Reserve Bank of Australia)

  • Nicholas Tan

    (Reserve Bank of Australia)

  • Nick Ward

    (Reserve Bank of Australia)

Abstract

Over time, the size of the farm sector has fallen relative to other sectors in the economy. However, the sector still has an important influence on the nation's pattern of economic growth and its exports. Over the last couple of decades the composition of farm production has moved towards crops and away from livestock. This has had an impact on how drought affects overall farm output, as crop production tends to fall sharply and then recover quickly when the drought breaks, while livestock production is relatively more resilient in the short term but is slower to recover.

Suggested Citation

  • Vanessa Rayner & Nicholas Tan & Nick Ward, 2010. "Trends in Farm Sector Output and Exports," RBA Bulletin (Print copy discontinued), Reserve Bank of Australia, pages 1-8, December.
    • Handle: RePEc:rba:rbabul:dec2010-01
    as

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    File URL: https://www.rba.gov.au/publications/bulletin/2010/dec/pdf/bu-1210-1.pdf
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