Ag News

Can agriculture become the next $100 billion industry?

  • By: Farm Tender "Prime"
  • Oct 31, 2017

By Robbie Sefton

The agriculture industry is growing at a phenomenal rate.

But can it really be Australia’s next $100 billion industry?

According to the latest figures agriculture is now the largest contributor to national GDP (gross domestic product) growth and the fastest growing economic sector, rising 23 per cent in the past 12 months.

It is no surprise that the main drivers of this growth are the livestock industries – beef, lamb, goat meat and offal – grains and wool.

At the Farm Writers’ Association of NSW lunch in Sydney last week, National Farmers’ Federation (NFF) President Fiona Simson covered the topic: With Agriculture now the largest contributor to national GDP growth and the fastest growing economic sector – What is the view on the future from the peak industry body?

The NFF certainly believes it is achievable for the agriculture industry to be Australia’s next $100 billion industry by 2030 and have developed a “recipe” for the industry to succeed.

“We have to get some of these things right if we are going to achieve the goals,” Mrs Simson said.

NFF’s recipe looks something like this:

Human Talent: “It is important to bring and keep good people in our industry and it is important to bring in new talent. Our industry does have a labour supply gap and we have to face the facts, a lot of the jobs in agriculture, Australians don’t want to do,” she said.

The NFF is proposing an agriculture visa for overseas workers which would be specifically set up for agriculture and recognise the labour shortage in the industry and regions.

Flexible Capital: “Some of the environ...
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