The Australian Rural Research and Development Corporations (RDCs) invest significant funding, singularly and jointly, in building leadership skills and research capacity and capability for industry. Capacity building for the RDCs is mostly concerned with addressing constraints that may be limiting the performance of their other investment, currently or in the future. Constraints may be associated with such issues as leadership resources, shortages of research and other skills, poor knowledge management and poor understanding and communication between groups.
Over the past three to five years, AgriFutures Australia has invested approximately $5.87 million (nominal $s) within the organisation’s “Arena 1: People and Leadership”. Arena 1 encompasses capability and capacity building investments with a goal to support the people driving the future prosperity of Australian rural industries and regional communities by providing them with learning opportunities and experiences. Through Arena 1, AgriFutures works to ensure that rural industries are equipped with skilled people and the leadership to grow and prosper.
This report provides an economic and social impact assessment and review of AgriFutures investment in Arena 1. The purpose is to demonstrate accountability and responsible management of AgriFutures Arena 1 investments to the AgriFutures Board and stakeholders, demonstrate that the programs have met the needs and delivered benefits to AgriFutures stakeholders and rural communities, and provide information to AgriFutures management that may guide future decision making with respect to strategic direction and/or resource allocation for the People and Leadership Arena.