Reaching agriculture’s $100 billion target will require more capital investment
By Country News
Billions of dollars in investment is needed for agriculture to become a $100 billion a year industry, says AgriFutures Australia managing director John Harvey.
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Billions of dollars in capital investment in the agriculture industry will be required each year to reach the National Farmers’ Federations’ $100 billion target for the industry, a new report has found.
The target of reaching $100 billion in farm gate output by 2030 would require $8.7 billion to be pumped into Australia s agriculture, fisheries and forestry industries every year for the next nine years.
An AgriFutures report found the industry attracts around $1.2 billion of investment per year, with farm gate output valued at $63 billion.