Local News

OPTIMISM IN AG SECTOR

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While the impact of coronavirus or COVID-19 has been widespread across the economy, the outlook for Australian agriculture appears to be strong and growing.

The sector has been given a boost by recent rainfall in many parts of the country, along with low interest rates, improved land values and commodity prices holding firm.

The optimism in the ag sector has been felt locally, with many local producers reporting a strong start to the season thanks to recent rainfall.

Executive General Manager for Regional and Agribusiness at the Commonwealth Bank, Grant Cairns, says many farmers are also looking to invest and pursue new opportunities.

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