News Update
According to a recent survey, Toowoomba has Queensland’s largest agricultural economy. The latest AgTrend data revealed a Gross Value Production (GVP) of almost $1.36 billion this financial year. The Western Downs was the only other billion-dollar valuation, with the second highest GVP at $1.11 billion. The Toowoomba local government area was also in the top ten for growth, with a GVP increase of almost 5.8% on 2021-22.
The overall valuation of Queensland’s agriculture and fisheries sector was a record breaking $23.44 billion with that figure forecast to increase to $23.67 billion in the 2023-24 financial year.
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