The agriculture industry has long been a cornerstone of Australia’s economy and is continually developing to satisfy changing consumer demands.
The global economic climate is generating unique investment opportunities in Australian agriculture. New prospects abound, particularly in the Asian region, for agricultural exporters in Australia who can look to supply world-class produce to the rapidly expanding middle classes of nations like China.
This investment potential is being fostered by the Federal Government’s commitment to continue opening international markets to Australian agricultural products. In 2014 and 2015 Australia completed free trade agreements with China, Japan and South Korea, and was a signatory to the Trans-Pacific Partnership which have gradually begun phasing out tariffs on Australian agricultural exports to these countries.
The elimination of export tariffs through such agreements is building the global market potential of Australian agricultural goods, providing an opportunity for investors to profit from supplying the world’s growing population with premium-quality produce.
Australia is already held in high esteem as a global leader in agriculture for various reasons. It is one of the largest but least populated nations in the world, leaving space for over 60 per cent of its land mass to be used as farmland. Australia’s diverse climate facilitates a multiplicity of agricultural ventures in both crop farming and livestock farming. Geographic isolation and advanced quarantine procedures combine to shelter Australian farms from disease, resulting in clean, green and high-quality produce. The industry’s commitment to innovation in farm machinery, plant and animal breeding and the transportation of produce also continually enhances Australia’s global competitiveness.