Australian farmers should prepare for “geopolitical surprises” in 2026 as erratic trade policies enacted by the Trump Administration continue to shape markets. Early in 2025, the US placed tariffs on Australian beef that were later abolished, creating uncertainty for producers despite doing little to dent exports into America. Australian meat producers can expect prices to perform relatively well in 2026 overall, as well as wool and dairy prices. US demand for Australian beef actually increased in 2025 despite the 10 per cent border levy. “The prospects for agriculture will depend heavily on how weather conditions evolve,” Mr Vogel said.