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Drought in Australia
Rabobank found that 41% of farmers thought agricultural conditions would worsen in the coming 12 months, after ABARES revised down its winter crop forecast for 2019-20 by 13%.
The country will remain a net exporter of cereal grains, but the proportion of grains being exported is forecast to fall from 60% down to 53% as domestic demand growth outpaces supply.
The first wheat imports to Australia in years raise concerns about the sector – but there is still interest in cropping properties.
The Western Australian Farm Investment Fund will focus on WA grain assets that will be sourced and managed by Planfarm.
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