29 March 2021
An inquiry into growing Australia's agriculture sector to AU$100 billion by 2030 has highlighted that digital technology will be key to driving growth in Australia's agribusiness sectors.
The inquiry was launched last September 2020 to investigate whether the National Farmers' Federation's goal to grow the country's agriculture sector to AU$100 billion by 2030 would be attainable.
The inquiry, conducted by the House of Representatives Standing Committee on Agriculture and Water Resources and chaired by Liberal MP Rick Wilson, estimated that digital agriculture (or “DigitalAG”) could add AU$20 billion to the value of the sector.
"A boost of this size would, by itself, cover the projected shortfall required to reach the AU$100 billion by 2030 target," the Growing Australia report stated.
To put that in perspective, Agriculture is about $60billion per annum industry in Australia at the moment. Its going to be a big jump.
In releasing the findings, the target was described as ambitious but achievable.
With a 40% increase in agriculture and agribusiness required in the next 9 years, the opportunities for new and existing job seekers will be incredible.
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