Production in Australia’s farms is valued at over $60 billion per year, with the fisheries and forestry sectors contributing a combined total of more than $5 billion per year. The National Farmers’ Federation (NFF) has set an ambitious target to increase agricultural production to an annual value of $100 billion by the year 2030.
Current trends suggest that, by 2030, Australian agriculture will reach a value of $84 billion — so business-as-usual practices are unlikely to be sufficient to reach the $100 billion goal. With appropriate reforms and carefully directed investments, however, the $100 billion is within the reach of the Australian agricultural sector. Achieving this target would result in significant benefits to farmers, food processors, agricultural service providers, as well as the broader regional communities where these businesses reside.
This report investigates how Australian agriculture can achieve the target of $100 billion by 2030. The report also considers where the prospects for rapid growth lie, and how Australian producers can ensure they are able to take full advantage of these opportunities. It also looks at where there are potential roadblocks that could prevent growth in the coming decade, and how these barriers can be overcome.