With global environmental and market trends impacting food consumption, we have an opportunity to identify emerging food and fibre types and connect with new and expanding markets.
AgriFutures Australia is dedicated to identifying and supporting the development of new and emerging rural industries that can meet changing demand and make a valuable economic, social and environmental contribution to Australia.
What is an emerging industry?
Emerging industries are those new industries with high growth potential. Emerging animal and plant industries play an important part in the Australian agricultural landscape, they contribute to the national economy and they will be key to meeting changing global food demands.
AgriFutures Australia supports a number of emerging rural industries including native plants such as kakadu plum, seaweeds and native pepper, as well as newer additions to Australian agricultural flora such as quinoa, hazelnuts and coffee. Emerging animal industries including sea urchin, camel milk, game birds, working dogs, alpaca and crocodile have also received funding to support RD&E.
Our strategy
AgriFutures Australia has developed a layout for visualising the Emerging Industries Program strategy.
The layout shows distinct developmental phases of emerging industries with guidelines to define them. Success criteria are described for each developmental phase. The Australian Tea Tree Oil industry, for example started at Phase 1 and is now ‘emerged’ as a levy paying industry.
Our goal
We’ve set an ambitious goal of identifying supporting the emergence of agricultural industries that can reach or exceed a $10M per annum threshold in the next five years.
Funding
Research funding is provided in the context of clear commercial growth strategies for developing emerging industries. Research funding for the AgriFutures™ Emerging Industries Program is provided by AgriFutures Australia and industry voluntary contributions.
Industry Advisory Panel
AgriFutures Australia is committed to working with industry to deliver research and development outcomes. We work in partnership with advisory panels to decide on research priorities and to make investment decisions each year.
Contact
Tom McCue
Senior Manager, Business Development
02 6923 6902
0407 438 258
tom.mccue@agrifutures.com.au
Looking to diversify
Farm Diversity is an AgriFutures Australia initiative that allows farmers to search crop and animal production alternatives by type or location to discover what is best suited to their farm.
The Australian Camel Milk Industry Forum held in May 2017 invited Australia camel milk industry stakeholders to hear presentations on health and disease management, nutrition management, husbandry and hygiene and staff training, dairy management and selective breeding.
DownloadAgriFutures Australia has a mandate to develop emerging industries and scanning the world for opportunities will give Australian farmers and investors options to consider in new industry development.
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