Shifting currency markets, an improving trade relationship with China, and ongoing US trade reforms are set to influence Australia’s key commodity markets significantly — and, in turn, rural real estate values.

According to the September 2025 Bendigo Bank Agri Export Report, Australian agricultural exports surged to $77.2 billion, the second-highest result on record. The report highlights the key drivers behind this growth and the markets where demand for Australian agri-products reached all-time highs.

Cattle led the charge, with exports climbing to a record $18.6 billion in FY24-25. This result was underpinned by strong demand from the US, where cattle herds have been reduced significantly, creating an opportunity for Australian beef. Cropping exports were relatively stable at $22.7 billion. While wheat and barley volumes eased, higher shipments of canola and chickpeas helped to maintain overall values.

Dairy also recorded a strong result, reaching a record $3.44 billion thanks to elevated global prices and higher volumes across most product categories. However, reduced Australian supply is expected to cap export growth in the coming season. Horticulture exports rose to a record $3.5 billion, driven by almonds, citrus, table grapes, and macadamias. The outlook remains broadly positive for horticultural exports, although lower nut stocks may result in a slight decrease in overall value in FY25-26.

Sheep meat exports increased sharply to $5.7 billion, with mutton volumes leading the way. A tighter supply picture in FY25-26, however, is likely to limit export opportunities.

By contrast, wool was the only sector in decline according to Bendigo Bank. Exports slipped for a third consecutive year to $2.5 billion, weighed down by soft global demand and lower production. With volumes expected to contract further, the wool sector faces another challenging year ahead.

Travis Wentriro, Regional & Rural Network Manager at Raine & Horne Group, said the strength of Australia’s export performance will underpin rural property markets.

“Export demand is one of the most reliable drivers of rural property returns, and we expect to see these strong export results flow directly into rural land values.”

Travis added, “Beef country, mixed-farming regions, and horticultural assets are all benefiting from this global demand story.”

Ultimately, the Bendigo Bank Export Report underscores why rural real estate remains one of Australia’s most stable and attractive asset classes.

“Global demand for safe, high-quality food and fibre that Australian farms can produce isn’t going away,” Travis said.

“That long-term certainty is what gives buyers confidence in rural property assets, and it’s what will continue to underpin values moving forward.”

If you’re looking to buy, sell, or expand your rural holdings, contact your local Raine & Horne Rural office for expert guidance.