'Prospects' includes the latest economic forecasts from the Department of Employment, Economic Development and Innovation for the state's food, fibre and foliage industries.

The report provides gross value of production forecasts for each of Queensland's major primary industry commodities, as well as forecasts for first-round processing activities. The main edition of 'Prospects' contains initial forecasts for the financial year and is published in September.

These forecasts are then reviewed during the year. Changes to the initial forecasts are reported in the subsequent March edition of 'Prospects update'.

Key findings - 2011-2012 outlook - March report

In 2011-12, the total value of Queensland's primary industry commodities (including gross value of production at the farm gate and first-stage processing) is forecast at $14.68 billion, which is 5% higher than for 2010-11.

Gross value of production ('farm gate') outlook - March report

• Forecast at $11.53 billion, which is 4% higher than final estimates for 2010-11.

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