Australia Agribusiness Market Report 2026–2034

Market Overview

The Australia agribusiness market size reached USD 69.9 Billion in 2025 and is projected to reach USD 88.5 Billion by 2034, exhibiting a growth rate (CAGR) of 2.57% during 2026–2034. Technological advancements, growing demand for sustainable farming, export opportunities, government policies, climate change adaptation, increasing global food demand, advancements in supply chain logistics, and investment in ag-tech innovation and infrastructure development are some of the factors propelling the growth of the market. The convergence of sustainability through ag-tech innovations, expanding global demand, and climate-resilient production strategies positions the sector for steady, sustained expansion throughout the forecast period.

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Australia Agribusiness Market Summary

• Steady growth is being driven by increase in solar installations and sustainable practices through ag-tech innovations, with partnerships between financial institutions and ag-tech companies empowering farmers to reduce carbon emissions
• Sustainability through ag-tech innovations is a key focus, with advanced tools such as emissions calculators and scenario planners being integrated into farming operations
• Expanding global demand and market access benefits Australia's agribusiness sector through rising demand for premium, safe, and sustainably produced food products from Asian and Middle Eastern countries
• Foreign investment and farm consolidation is emerging as a significant factor, with global investors increasingly acquiring and consolidating farmland
• Climate-resilient production strategies including water-efficient irrigation systems, drought-resistant crop varieties, and advanced soil moisture monitoring tools are being implemented
• Market segmentation includes product (grains and cereals, dairy, oilseeds, livestock) and application (agrichemicals, seed business, breeding, machinery and equipment)
• The Agribusiness CEO Summit convened over 40 agribusiness leaders in Sydney in May 2024 to discuss key priorities for the sector, hosted by KPMG
• Commonwealth Bank of Australia announced a strategic partnership with ag-tech company Ruminati in May 2024 to provide CBA's agribusiness customers access to emissions calculator and scenario planner
• The Australian government planned to invest an additional USD 20 Million in the On Farm Connectivity Program (OFCP) in January 2025 to enhance ag-tech adoption among farmers
• Elders Limited entered into an agreement to acquire Delta Agribusiness for USD 475 Million in November 2024, with completion expected in the first half of 2025

How AI is Reshaping the Australia Agribusiness Market

• Artificial intelligence is increasingly central to the Australia agribusiness market, enabling farmers, agribusinesses, and policymakers to optimize crop yields, predict weather patterns, monitor livestock health, automate harvesting, reduce input costs, and enhance supply chain efficiency across grains, dairy, oilseeds, and livestock sectors.
• Precision Agriculture & Crop Yield Optimization: AI algorithms analyze satellite imagery, soil sensors, weather data, and historical yields to optimize planting schedules, irrigation timing, fertilizer application, and pest management, maximizing crop output while minimizing input costs for grains and oilseeds.
• Livestock Health Monitoring & Herd Management: Computer vision and machine learning analyze drone and camera footage to monitor animal behavior, detect early signs of illness, track feeding patterns, and predict optimal breeding times, improving productivity in the livestock sector.
• Emissions Tracking & Carbon Farming: AI-powered emissions calculators and scenario planners (e.g., Ruminati partnership with CBA) analyze farm operations to track carbon footprints, predict emissions reduction scenarios, and support sustainable farming practices aligned with carbon credit markets.
• Weather Prediction & Climate Risk Management: AI models analyze historical weather patterns, climate projections, and real-time data to predict drought risks, rainfall timing, and temperature extremes, enabling farmers to implement climate-resilient strategies.
• Autonomous Machinery & Robotics: AI powers autonomous tractors, harvesters, and spraying drones that operate with minimal human intervention, addressing labor shortages and improving precision in planting, weeding, and harvesting operations.
• Supply Chain Traceability & Quality Assurance: AI enables end-to-end traceability from farm to export destination, monitoring cold chain integrity, verifying product quality, and supporting premium positioning for Australian agricultural exports in Asian and Middle Eastern markets.
• Pest & Disease Detection: AI-powered image recognition analyzes field images and drone footage to detect early signs of pest infestations or crop diseases, enabling targeted intervention and reducing crop losses.

Key Trends Shaping the Australia Agribusiness Market

• Increase in solar installations and sustainable practices through ag-tech innovations is the foundational driver for emissions reduction, with Australia witnessing significant growth in agribusiness due to a shift toward sustainable agricultural practices through the adoption of ag-tech innovations. As environmental sustainability becomes a priority, partnerships between financial institutions and ag-tech companies are empowering farmers to reduce carbon emissions. By leveraging advanced tools like emissions calculators and scenario planners, farmers can better manage their environmental impact. In May 2024, the Commonwealth Bank of Australia announced a strategic partnership with ag-tech company Ruminati to provide CBA's agribusiness customers access to Ruminati's emissions calculator and scenario planner.
• Sustainability through ag-tech innovations is materially accelerating carbon footprint management, with the agribusiness market increasingly focusing on sustainability and using ag-tech solutions to reduce carbon emissions. Advanced tools such as emissions calculators and scenario planners are being integrated into farming operations, enabling farmers to track and manage their environmental impact. These technologies support efforts to meet carbon reduction targets while enhancing operational efficiency. The Agribusiness CEO Summit convened over 40 agribusiness leaders in Sydney in May 2024 to discuss key priorities for the sector, hosted by KPMG and supported by corporate members including Elders and BDO.
• Expanding global demand and market access is broadening export opportunities, with Australia's agribusiness sector continuing to benefit from rising global demand for its premium, safe, and sustainably produced food products from Asian and Middle Eastern countries attracted to Australian high-quality standards. Trade agreements such as the CPTPP, free trade agreements with India, and with ASEAN countries are opening new export channels, lowering tariffs, and allowing Australian producers to compete competitively in international markets.
• Foreign investment and farm consolidation is transforming operational scale, with global investors increasingly acquiring and consolidating farmland attracted by Australia's stable economy, advanced farming infrastructure, and favorable agro-climatic conditions. These investments bring capital for large-scale modernization including precision agriculture, automation, and better land use practices. Foreign competitors bring global knowledge and advanced technology, contributing to effectiveness and sustainability. In November 2024, Elders Limited entered into an agreement to acquire Delta Agribusiness for USD 475 Million to enhance Elders' capabilities and expand its presence in key rural markets.
• Climate-resilient production strategies are addressing environmental variability, with Australian agribusinesses embracing adaptive, climate-resilient production strategies in response to increasing climate variability and environmental stressors. Techniques such as water-efficient irrigation systems, drought-resistant crop varieties, and advanced soil moisture monitoring tools are being implemented to maintain productivity despite shifting weather patterns. These strategies ensure better resource management and help minimize risks associated with prolonged dry spells, unpredictable rainfall, and rising temperatures.
• Government investment in ag-tech connectivity is enhancing adoption, with the Australian government planning to invest an additional USD 20 Million in the On Farm Connectivity Program (OFCP) in January 2025 to enhance ag-tech adoption among farmers. This initiative aims to address connectivity gaps, boosting productivity and sustainability, providing rebates for technology to help farmers implement smarter solutions, optimize resources, and improve efficiency.
• Research, development, and innovation funding is driving technological breakthroughs, with government-backed RDI programs through agencies like CSIRO and GRDC spearheading research in crop improvement, pest and disease resistance, precision farming, and soil health. These initiatives help farmers boost crop yields, manage inputs more efficiently, and lower production costs while maintaining environmental sustainability, enabling producers to remain competitive in both domestic and global markets.

Market Growth Drivers

Ag-Tech Sustainability, Global Demand, and Foreign Investment

The Australia agribusiness market growth is anchored in sustainability through ag-tech innovations, with partnerships between financial institutions and ag-tech companies empowering farmers to reduce carbon emissions through advanced tools like emissions calculators and scenario planners — exemplified by the Commonwealth Bank of Australia's partnership with Ruminati in May 2024 providing access to emissions tracking technology, while the Agribusiness CEO Summit convened over 40 leaders in Sydney to discuss sector priorities. Expanding global demand and market access benefits Australia's agribusiness sector through rising demand for premium, safe, and sustainably produced food products from Asian and Middle Eastern countries, supported by trade agreements such as CPTPP, free trade agreements with India, and ASEAN agreements that lower tariffs and open new export channels. Foreign investment and farm consolidation is emerging as a significant factor, with Elders Limited acquiring Delta Agribusiness for USD 475 Million in November 2024 to enhance capabilities and expand presence in key rural markets throughout the 2026–2034 forecast period.

Climate-Resilient Strategies, Government Investment, and RDI Funding

Climate-resilient production strategies including water-efficient irrigation systems, drought-resistant crop varieties, and advanced soil moisture monitoring tools are being implemented to maintain productivity despite shifting weather patterns, ensuring better resource management and minimizing risks. Government investment in ag-tech connectivity includes an additional USD 20 Million in the On Farm Connectivity Program (OFCP) announced in January 2025 to enhance ag-tech adoption, providing rebates for technology to help farmers implement smarter solutions, optimize resources, and improve efficiency. Research, development, and innovation funding through agencies like CSIRO and GRDC spearheads research in crop improvement, pest and disease resistance, precision farming, and soil health, helping farmers boost crop yields, manage inputs more efficiently, and lower production costs.

Market Segmentation

IMARC Group's research categorizes the Australia agribusiness market as follows:

By Product:

• Grains and Cereals
• Dairy
• Oilseeds
• Livestock
• Others

By Application:

• Agrichemicals
• Seed Business
• Breeding
• Machinery and Equipment

By Region:

• Australia Capital Territory & New South Wales
• Victoria & Tasmania
• Queensland
• Northern Territory & Southern Australia
• Western Australia

Key Players

The Australia agribusiness market features competition among agribusiness corporations, financial institutions, ag-tech companies, and farming cooperatives across grains, dairy, oilseeds, and livestock products. Key players include Elders Limited (acquiring Delta Agribusiness for USD 475 Million), Commonwealth Bank of Australia (partnering with Ruminati), and corporate members such as BDO in Australia. The market research report provides a comprehensive analysis of the competitive landscape including key player positioning, market structure, top winning strategies, competitive dashboards, and detailed company profiles.

Key Aspects Required for Australia Agribusiness Market

• Demand is driven primarily by export markets (Asia, Middle East), domestic food processors, livestock producers, grain farmers, and dairy operators
• Strong linkage between trade agreements (CPTPP, India FTA, ASEAN), climate resilience, and agribusiness productivity
• Product segmentation includes grains and cereals, dairy, oilseeds, livestock, and others
• Application segmentation includes agrichemicals, seed business, breeding, and machinery and equipment
• Farmers and agribusinesses prioritize sustainability (carbon emissions reduction), productivity, climate resilience, input cost efficiency, and export market access
• Growing demand for precision agriculture tools, emissions tracking technology, drought-resistant crop varieties, water-efficient irrigation, and autonomous machinery
• Competitive landscape includes agribusiness corporations (Elders, Delta Agribusiness), financial institutions (Commonwealth Bank of Australia), ag-tech companies (Ruminati), and farming cooperatives
• Distribution channels include direct farm supply, agricultural cooperatives, digital ag-tech platforms, and export supply chains
• Expansion of ag-tech connectivity programs (OFCP - USD 20 Million additional investment), emissions tracking partnerships, and farm consolidation through acquisitions
• Rising investment in precision agriculture, carbon farming, autonomous machinery, and drought-resistant crop research
• Supply chain includes farm input suppliers (seeds, agrichemicals, machinery), farmers and producers, processors, logistics providers, and export partners
• Increasing role of government RDI funding (CSIRO, GRDC), trade agreements, and biosecurity investments in shaping market growth
• Growing adoption across all states and territories, with major agricultural production in NSW, Victoria, Queensland, and Western Australia
• Integration with carbon credit markets, renewable energy (solar installations on farms), and digital connectivity platforms
• Rising demand for sustainably produced grains, dairy, and livestock for export to Asian and Middle Eastern markets
• Expansion of ag-tech solutions for emissions management, soil health monitoring, and supply chain traceability
• Increasing focus on climate adaptation, water efficiency, and pest/disease resistance through science-based solutions

Recent News and Developments

April 2026: Australian farmers are facing rising input costs, leading to major shifts in crop patterns. Wheat planting in Western Australia is projected to decline by 14% to 3.68 million hectares, while canola planting is expected to rise by 16% to 1.99 million hectares, as farmers adapt to higher fuel and fertilizer costs.

April 2026: Agribusiness supply chains are under pressure due to surging fuel and fertilizer costs, with some growers reporting nearly double input expenses and labor costs already accounting for around 38% of total production costs, raising concerns over long-term food supply stability.

April 2026: The Australian government is supporting the agribusiness sector through energy initiatives, including a A$25 million investment in renewable diesel production, targeting 20 million litres annually, aimed at reducing fuel dependency and supporting agricultural operations.

March 2026: Australia’s agricultural sector reached a major milestone, with total farm output estimated at $101.4 billion in 2025–26, driven by strong beef exports and one of the largest winter crop harvests on record.

March 2026: Investment activity in agribusiness is strengthening, with total disclosed deal values rising to $7.48 billion in 2025, more than double the $3.47 billion in 2024, reflecting strong investor interest in large-scale food and agribusiness assets.

February 2026: Australian agriculture continues to play a critical economic role, contributing 12.4% of total exports (worth $80.2 billion) and employing 308,000 people, highlighting the sector’s importance within the broader agribusiness ecosystem.

January 2026: The Australia agribusiness market reached approximately USD 69.9 billion in 2025, supported by increasing demand for sustainable farming, agri-tech adoption, and strong export opportunities.

**2025–2026: **Commodity price trends remain mixed, with livestock sectors such as meat and wool performing relatively well, while grain and oilseed prices remain under pressure due to global oversupply and high inventories.

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