Australia's agricultural sector is expected to have a record year with forecasts of $73 billion in gross production value, as WA farmer confidence reaches a 10-year high.
The investment intentions of Western Australian farmers remain the highest in the country despite sentiment dropping to multi-year lows, according to Rabobank Australia's latest rural confidence su
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The state's widespread wet autumn has helped lift rural confidence, with most farmers expecting this year to either be a better year for the agricultural economy or as just as good as last year.
Western Australian farmers have delivered their biggest harvest in history, with the total haul today surpassing the 15.06 million tonne record set in 2011-12.
Western Australian farmers are increasingly confident about their outlook and may enjoy their best profits in a decade after the scale of the state's grain harvest was upgraded to near record levels.