A new report shows the value of Australian agricultural exports exceeded $50 billion in the 2019-2020 year.
The figure represents the second most valuable year on record, despite a year-on-year decline of $601 million and the end of nine years of consecutive growth.
Livestock experienced the largest growth rate, with the value of cattle exports increasing 16.6%. Fruit (11.1%), sugar (9.8%) and dairy (2%) also recorded increases.
While there were some mixed results, Rural Bank's Chief Operating Officer, Will Rayner, says the figures demonstrate the resilience of Australia's farming sector.
Image credit: Matthais Zomer