Global red meat prices are expected to increase export revenue in the meat and wool sector by nearly 10 per cent in 2018.
"Forestry exports are also forecast to grow by more than 11 per cent in 2018, supported by record harvest levels and ongoing demand for New Zealand logs from China," the report said.
High returns and new policies are likely to create investment opportunities across the primary industries, it said.
For example, high horticulture returns are driving investments in productivity and competition for suitable land.
The Government's One Billion Trees Programme is another catalyst for investment and changing land use, primarily through increased replanting rates and new production forest area, the report said.