Farmland returns bounce back on higher meat prices and good rains

At the same time, analysis by The Australian Financial Review debunked claims that supermarkets, which are the subject of intense scrutiny and an inquiry by the competition regulator, are engaged in price gouging of their suppliers and customers. In fact, $73 out of every $100 spent by consumers in supermarkets goes to paying suppliers, including farmers, with supermarkets taking home the equivalent of just $2.57 in profits. Highlighting the overall strong market conditions for farmers, the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) forecast total agricultural production to rise by 6 per cent to $85 billion this…