This combination of generally high prices and high output has provided a substantial boost to aggregate income of the farming sector over the past financial year, and another favourable  4  ABARES (Australian Bureau of Agricultural and Resource Economics and Sciences) (2011), Agricultural Commodities: September quarter 2011. BIS central bankers’ speeches  7  outcome is expected this year (Graph 9).
After adjusting for inflation, farm incomes over these two years are expected to be almost double the average of the previous two decades. As I mentioned earlier though, the picture is not uniform across the industry and some parts of the farming sector have experienced very difficult conditions over the past year.