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Australian Bureau of Agriculture and Research Economics (ABARE)
The Australian Bureau of Agricultural and Resource Economics (ABARE) is an Australian government economic research agency noted for its professionally independent research and analysis.
Their objective is to contribute to the competitiveness of Australia's agricultural, fishing, forestry, energy and minerals industries and the quality of the Australian environment by providing rigorous and independent economic research analysis and forecasting.
ABARE is a Commonwealth body concerned with specialised research particularly, future trends and economics of rural land uses. The ABARE reports on the future and expected market of crops and animal products and are most probably, the best forecasts available.
In valuation and farm investment reports the valuer/land economist is sometimes asked about the potential or future for the subject land use, for example, wheat. Since it is difficult for the valuer or land economist to prepare their own econometric model it is better and easier to use the expert econometric models already constructed by ABARE.
Therefore, when a client asks about the future for a particular rural land use, the valuer/land economist should use and include a copy of the ABARE report in the valuation. ABARE also carry out specialist reports on various rural industries.
Go now to: Welcome to abare.gov.au
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