RURAL BANK'S AUSTRALIAN AGRICULTURE MID-YEAR OUTLOOK
Queensland
* Strong avocado production is expected across the Queensland growing regions as recent plantings continue to mature.
NSW
* Lamb markets will likely encounter good numbers of new-season lambs in the second half of 2023.
Victoria
* High water-storage levels are keeping water prices low, which will continue to benefit irrigated horticultural crops.
Tasmania
* Potato farmers have had average crops over the past six months, while later plantings are expected to struggle due to a late winter harvest.
South Australia
* Merino wool producers in South Australia are increasing sheep numbers and strong wool production is forecast over the next six months driven by good rainfall but held back by lower prices.
Western Australia
* Below-average rainfall in May across all Western Australian cropping regions means the season is sitting on a knife edge for many.
© AAP 2023