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The Australian Government remains steadfast in its commitment to support the agriculture industry's ambitious target of achieving $100 billion in production by 2030 (Ag2030). Through policy reforms, substantial investments, and active engagement with industry stakeholders, the government is laying the groundwork for the sector's sustainable growth and resilience.
Current Landscape: Despite facing challenges such as bushfires, droughts, floods, and the COVID-19 pandemic, the agriculture industry continues to be a cornerstone of the Australian economy. With a forecasted gross value of agricultural production at $86.8 billion in 2021-22, the industry remains resilient, providing significant employment opportunities and contributing to food security both domestically and globally.
Challenges and Opportunities: Meeting the Ag2030 goal requires overcoming various challenges, including shifting consumer preferences, global market volatility, and climate-related risks. To sustain growth, the industry must embrace emerging opportunities, enhance productivity, and adapt to changing market dynamics. Maintaining biosecurity standards, strengthening supply chains, and investing in innovation and research are crucial for navigating these challenges.
Government Commitments: The Australian Government has allocated over $600 million to agriculture in Budget 2022-23, focusing on seven key themes to support industry growth.
- Trade and Exports: Strengthening ties with major export markets and reducing trade barriers to facilitate market access.
- Biosecurity: Safeguarding Australia's agricultural interests by implementing robust biosecurity measures.
- Stewardship: Recognizing and rewarding farmers for their sustainable land and water management practices.
- Supply Chains: Promoting fair and resilient supply chains to ensure equitable treatment for all stakeholders.
- Water and Infrastructure: Supporting rural communities with essential infrastructure and water management solutions.
- Innovation and Research: Creating an enabling environment for agricultural innovation to enhance productivity and competitiveness.
- Human Capital: Investing in skills development and infrastructure to support the agriculture workforce and rural communities.