Immigration collapse drives up farm productivity

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New data from the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) suggests that Australia’s farms have lifted their productivity in response to the reduction in migrant farm workers:

The Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) found the number of workers dropped by 11,000 in 2020-21 compared to the year before.

“Despite this, overall horticulture output levels are estimated to have remained relatively steady”…

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.