Agriculture– a $100b sector by 2030?

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In 2017, the National Farmers’ Federation announced a bold vision for the industry to achieve $100 billion in farm gate output by 2030.

This work, completed by ACIL Allen Consulting Pty Ltd, was delivered in two phases – first providing an estimate of the current growth trajectory of Australia’s agriculture, fishing and forestry industries and then identified the growth opportunities and downside risks to achieve the target.

The analysis showed an estimated shortfall of $15.7bn based on the current growth trajectory of the sector. However, irrespective of the estimate, it is critical to understand where the investment opportunities for research and development exist to accelerate the growth of Australia’s rural industries. This report will be used to help inform and prioritise these investment decisions in those areas that will likely have the greatest impact.

This report was led by AgriFutures Australia in partnership with Cotton Research and Development Corporation, Fisheries Research and Development Corporation, Australian Wool Innovation, Wine Australia, Dairy Australia, Grains Research and Development Corporation, Australian Pork Limited and Sugar Research Australia.

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