Australian Bureau of Agricultural and Resource Economics and Sciences

Australia's farm production has been forecast to surge past $66 billion with a bumper crop pushing forecasts $400 million higher than expected.

Australian farmers are on track to plant the biggest winter crop in the nation's history with strong rainfall and high global prices outweighing a mouse plague.

Australia's winter crop production is expected to be the second biggest harvest on record, mainly due to better conditions in WA and NSW.

Australia's farm production is tipped to hit $65 billion on the back of a bumper harvest while exports are expected to fall amid ongoing trade tensions with China.

Australia is on track for its second biggest grain harvest on record as farmers relish bumper crops after years of crippling drought.

Increasing demand for hardwood plantation products has boosted the outlook for the much-maligned industry in Western Australia, but whether companies can capitalise on new growth will depend on how much suitable land they can access.