Episode 23: The economic and agricultural outlook for 2023 with Stefan Vogel

In this episode, we have the privilege of speaking with Stefan Vogel, the General Manager of Rabo Research in Australia and New Zealand. We are discussing Rabobank's latest industry report, on the day of its release: "Australia Agribusiness Outlook 2023: Continuing on a successful path".

Stefan is an excellent resource to guide us through this report, as he possesses the ability to simplify complex concepts related to agri-economics and the global agricultural industry. With nearly two decades of experience in the food and agribusiness sector, Stefan brings a wealth of knowledge to the table. He has worked in various capacities, including global commodity market research, and as a grain sector strategist for grains and oilseeds with Rabobank in London.

During our discussion, we delve into many of the key findings from the report, including the outlook for commodity prices in 2023 and the important changes that have taken place in the fertilizer outlook for the upcoming season compared to 2022. We also touch upon the various global headwinds and tailwinds, both political and economic, that could impact farmers in Australia.

According to Rabobank's report, the Australian agricultural sector is in a strong position for the year ahead, with record-high farm incomes across the country. However, Rabobank warns against expecting a repeat of last year's exceptional conditions and predicts that a global recession and elevated costs may result in "good, but not record-breaking" prices.

This conversation is essential for those who are planning for the 2023 season, and we hope you will find it informative and enjoyable.