M:
Research
H2/25 Rural Victoria
The Big Picture Agricultural production is projected to rise by 0.7% in FY26, reaching a gross value of $94.72 billion. Livestock output is expected to increase by 2.7%, while crop production is forecast to decline by 0.7%. The value of agricultural exports is expected to fall by 2.5% to $74.63 billion, due to a decline in export volumes. Average farm earnings are forecast to increase to $163,000, reflecting improved profitability driven by favourable seasonal conditions and a rebound in livestock markets.
Crop yields and livestock prices are being bolstered, thanks to enhanced soil moisture levels following average to above-average winter rainfall. Rural property sales across Victoria trended 11% higher in 2024, though 52% lower than five years ago. Rural Victoria recorded the greatest share, with almost one third of all rural sales across Australia. Broadacre farmland prices have annually averaged 13.8% growth over the past five years in Victoria, to stand at $12,084/hectare at the end of 2024.