AgTrends Show Sector To Boom

The value of Queensland’s agricultural sector is projected to boom to a second-highest-ever valuation of $23.56 billion in 2024-25.
New AgTrends figures released last month show a promising year ahead, despite challenges such as declining cattle prices, drier conditions and major natural disasters in 2023-24 leading to a valuation of $22.1 billion for the year.
The valuation remains higher than the five-year average and showcases the resilience of Queensland agriculture, with a corresponding supply chain value estimated at $33.88 billion.
Cattle and calves once again took the gold medal as Queensland’s highest-valued commodity in 2023-24, contributing $5.71 billion to the state’s economy.
Meanwhile meat processing ($2.40B) and sugarcane ($2.06B) took the silver and bronze positions respectively.
The Burdekin region continues to play a crucial role in Queensland's thriving agricultural sector, contributing a significant $735 million to the state's Gross Value of Production (GVP) in 2023-24. This notable performance places Burdekin among the top five highest GVP contributors, highlighting the region's importance in the overall agricultural landscape of Queensland. The region's success is further underscored by its impressive GVP growth rate of 19 per cent, making it one of the fastest-growing areas in the state.
Sugarcane remains a vital commodity within Queensland's agricultural sector, securing its position as the third highest-valued commodity with a contribution of $2.06 billion to the state’s economy in 2023-24. This robust performance reflects a significant growth rate of 32.7 per cent, reinforcing sugarcane's essential role in the state's agricultural output. The promising projections for 2024-25, with the sector expected to reach a near-record valuation of $23.56 billion, further indicate the enduring strength and resilience of Queensland's agriculture, driven in part by the steady contributions from regions like the Burdekin.
Macadamias led the top five highest-growing commodities in 2023-24, followed by chickpeas, sugarcane, apples and strawberries.
The macadamia mania was largely led by the Bundaberg region, which dominated the state’s production of the “Queensland nut“.
Toowoomba was the best-performing region in 2023-24 with a Gross Value of Production (GVP) worth $1.27 billion, followed by the Western Downs ($951M) and Bundaberg ($899M).
Hinchinbrook experienced the highest growth in GVP (29%), followed by Douglas (24%), Mackay (23%), Burdekin (19%) and Cairns (12%).
Minister for Agricultural Industry Development and Minister for Rural Communities Mark Furner said that Queensland‘s valuable and vital agriculture sector is “under threat from David Crisafulli and the LNP’s nuclear power plan.”
“If the LNP gets their way, approximately 3,440 farms will be within the fallout zone of the LNP’s handpicked reactor sites in Queensland, putting our state’s first-class food and fibre in danger of contamination.
“Queensland’s food and fibre is the best in the world, and our primary producers have showed remarkable resilience in delivering a bumper 2023-24 despite challenging conditions.
“While Queensland is officially drought-free, conditions were drier overall leading to tougher conditions for growers and graziers.
“In parts of the state, Severe Tropical Cyclones Jasper and Kirrily created further challenges.
“Our traditional titans of beef and sugar remain a cornerstone of the Queensland economy, and it’s great to see strong growth for many growers, particularly for macadamias, sugar, chickpeas, apples and strawberries.”
Minister Furner went on to say that the future is bright with a second-highest value on record projected for the Ag sector in 2024-25.
“Queensland agriculture is under serious risk from the LNP. David Crisafulli is too weak to stand up to Peter Dutton and his own party on nuclear, which would be a disaster for our state.
“The LNP wants to install the thirstiest form of energy on the world’s driest inhabited continent, taking water away from our farmers.
“We should be watering our plants – not Peter Dutton’s nuclear plants that will become a frightening reality under David Crisafulli.
“Meanwhile the Miles Government backs Queensland’s primary producers.
“We say no to nuclear and we’ll continue to support farmers through initiatives such as our Rural Economic Development (RED) Grants, Rural Agricultural Development (RAD) Grants and joint Commonwealth and State Disaster Relief Funding Arrangements.”
Highest GVP in 2023-24 by LGA ($):
Toowoomba            $1.27 billion
Western Downs       $951 million
Bundaberg              $899 million
Burdekin                 $735 million
Cassowary Coast    $727 million
Highest GVP growth in 2023-24 by LGA (%):
Hinchinbrook          29%
Douglas                  24%
Mackay                   23%
Burdekin                 19%
Cairns                     12%
Highest commodities growth in 2023-24 (%):
Macadamias           86.3%
Chickpeas               37.1%
Sugarcane              32.7%
Sugar processing    23.9%
Apples                      7.4%
For the latest AgTrends statistics visit the Department of Agriculture and Fisheries‘ DataFarm website.

Cattle like these grazing in the Burdekin contributed to beef being the highest-valued commodity in 2023-24, contributing $5.71 billion to the state’s economy

The Burdekin region continues to play a crucial role in Queensland's thriving agricultural sector, contributing a significant $735 million to the state's Gross Value of Production (GVP) in 2023-24

Sugarcane remains a vital commodity within Queensland's agricultural sector, securing its position as the third highest-valued commodity with a contribution of $2.06 billion to the state’s economy in 2023-24

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