Australian Land Use – Why change?
The Australian Bureau of Agricultural and Resource Economics and Sciences predicts that global demand for food will increase by 77% in the next 40 years but Australia’s share of global food exports will fall from 4% to 3%. Source AFR 040612.
The Australian Farm Institute has found that Australia’s agricultural production is among the most volatile in the world – and agriculture is almost the most volatile sector of our economy – to capture the benefits of increased food demand, farmers and processors need to invest in productivity improvements and the development of under-utilised land – but these investments must be made as farmers face climate variability, reduced public investment in R&D, and in commodity markets that are volatile. Source AFR 040612.