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Treasury tips bumper crop increase
14 May 2008
Treasury has estimated that farm output could rise by as much as 20 per cent in its latest budget figures, however warns that this is reliant on rains this spring. More than 69 per cent of the agricultural areas across the country remain either drought-declared or interim drought-declared, according to the Agriculture Minister Tony Burke. Commodity prices are expected to remain high, with many farmers expected to plant record crops if rains eventuate.
The Australian Financial Review, 14/5/2008
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