Rural
9 October, 2025
Record-breaking ag boom
NEW primary industry figures show record growth, with Queensland primary industries forecast to achieve a record GVP worth $26.79 billion for 2024-2025, a rise of 18 per cent for the sector since 2023-2024.
The significant increase has been delivered through strong performance across key commodities including:
Farm gate value of cattle reached a record high of $7.88 billion, up almost 30 per cent on 2023-24, driven by strong processing and export demand.
Increase of 17 per cent for cattle prices and greater slaughter numbers (11 per cent increase).
Chickpeas contributed $856 million in GVP, with local producers capitalising on strong export demand.
Record farm gate value for poultry of $735 million (5 per cent increase over the year).
Thirteen per cent growth for cotton to $1.15 billion with a 29 per cent increase in bales produced.
Horticulture forecast posted its highest recorded value of $4.76 billion.
The State Government is now delivering Primary Industries Prosper 2050 – the largest sector-wide consultation ever undertaken – which sets a long-term vision to supercharge the sector and unleash new and exciting opportunities for primary producers.
The blueprint also drives the Government’s ambitious target to boost Queensland’s primary food production output to $30 billion by 2030.
Minister for Primary Industries, Tony Perrett, said the Crisafulli Government’s bold vision has contributed to rising confidence and optimism in the sector.
“Good seasons, supportive policy settings, strong markets and confidence—there’s a government at the helm with a thorough understanding of the sector and genuine commitment to see its growth and prosperity—have created the right environment for record gains,” Minister Perrett said.
“I cautiously welcome the results with a clear understanding a shift in trade conditions, international markets, the next drought or natural disaster could see these promising results curbed.
“More work needs to be done to capitalise on this record growth, and we will continue to work collaboratively with industry to increase profitability and growth through Prosper 2050 and supporting action plans across the state.
“These encouraging forecasts are a clear signal to the Government that we must keep working hard to deliver the right policy settings and build on this record growth.
“We must continue to support existing industries by removing unnecessary red tape or impediments while also focusing on avenues for growth such as new production methods, products, and markets.
“I will continue to listen to primary producers right across the state.”
Queensland’s AgTrends forecasts are updated bi-annually on the Department of Primary Industries’ Data Farm Portal.
