Strong outlook for agriculture in 2022
Australia's agricultural sector is set for another profitable year ahead, with the gross value of production on track for a fourth consecutive year of growth in 2021/22.
Livestock feed prices usually follow the laws of supply and demand with costs for both the feed and transport spiking as demand rises.
While some livestock feed options need to be purchased close to when they are about to be used, others can be purchased when prices are low and stored until they are needed.
This longer-term storage approach can provide options for farmers as droughts tighten their grip.