January, 2004
Review
and Outlook for the Australian Grains Industry 2003
By Peter
Connell and John Hogan
ABARE
The purpose in this
paper is to review the impact of the drought on the cropping &
feed grain market sectors in 2002-03, & provide an outlook for
the cropping sector in 2003-04.
Introduction
The drought that
started in early 2002-03 has severely affected the farm economy
in Australia, with the impact on the cropping sector being
particularly significant.
Widespread rains
in many of the principal cropping areas during this year’s
winter cropping season have raised the prospects for a
significant recovery in Australian crop production in 2003-04.
However, the ‘income drought’ associated with the previous poor
harvest will continue until farmers are able to market this
year’s crop.
The purpose in
this paper is to review the impact of the drought on the
cropping and feed grain market sectors in 2002-03, and provide
an outlook for the cropping sector in 2003-04.
The complete
report is at
http://grdc.com.au/bookshop/docs/ABARE_Austgrains03.pdf
|