Victoria

Victoria Regional Summary

Victoria's composite score of 49/100 reflects challenging conditions despite recent rainfall abundance, with the state recording 300% of average precipitation—the wettest conditions nationally. The region's dominant commodities present a mixed picture: dairy remains largely stable at $8.42/kg MS with minimal movement, wool has gained modest ground (+1.8%) to 1285¢/kg, whilst canola shows promising strength at $735/t (+2.7%). The exceptionally wet seasonal conditions, while potentially beneficial for pasture growth, may create operational challenges for dairy and livestock producers. Credit conditions remain tight with small business lending rates at 8.25%, adding pressure to farm operations already contending with variable seasonal impacts.