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(From Canberra Times)
The Australian Bureau of Agricultural and Resource Economics issued figures yesterday proving the cruel blow the drought has had on the farming sector.
The 2001-02 season has emerged as one of the best for agriculture in the nation's history but there are now fears the drought will erode any progress.
'The net value of farm production after costs, in what was undoubtedly a golden year for Australian agriculture, was $10 billion,' Mr Truss said.
But ABARE forecast the drought would wipe a staggering 80 per cent off that figure, clawing it back to $2.2 billion due to a large fall in winter and summer crop production and …