- Agriculture accounts for 55% of land use in Australia.
- Agriculture contributed 1.9% of GDP and 2.5% of employment in 2021.
- The gross value of agricultural, fisheries and forestry production in the nation has increased by 7% in the past 20 years.
Agriculture in Australia accounts for 55% of land use and 24% of water extractions. The sector contributed 1.9% of value added GDP and 2.5% of employment in 2020-21. In the past 20 years, the gross value of agricultural, fisheries and forestry production in the nation has increased by 7% (adjusted for consumer price inflation), from about AU$70 billion in 2001-02 to AU$75 billion in 2020-21.
This article will discuss three ASX non-cyclical agricultural stocks that have provided decent price returns on a year-to-date basis.
Data source: Refinitiv as of 28 June 2022
Australian Dairy Nutritionals Group (ASX: AHF)
Australian Dairy Nutritionals Group (ASX: AHF) owns high-quality organic certified dairy farms and dairy processing facilities located in Southwest Victoria. It is a trusted source of premium quality branded dairy products using fresh milk from its farms.
Last month, the company achieved an important milestone by successfully producing milk powder at its new infant formula plant.
The group’s first commercial production of A2 infant formula is planned for June 2022, with ranging in Chemist Warehouse stores aimed for 2HCY22.
Ridley Corporation Limited (ASX: RIC)
Image source: © Madrabothair | Megapixl.com
Ridley is an agricultural company based in Australia that provides high-performance animal nutrition solutions. It offers complete rations, nutritional blocks, mineral concentrates, and supplements for meeting the requirements of a wide range of species.
Recently, the company presented its growth plan for FY23-FY25 in an ag-food conference. Here are the major highlights:
Duxton Farms Limited (ASX: DBF)
Duxton Farms produce a wide range of agricultural commodities on its farms spread across New South Wales. The company is seeking land-rich parcels for persistent growth, scale, and diversification.
Following are the major highlights of the company for the quarter ended 31 March 2022
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