By Dr Antony Peloso
The Agribusiness sector is a significant contributor to the Australian economy. The Australian Department of Agriculture, Water and Environment reported in its March 2020 findings that Australia’s agricultural sector had remained resilient in 2019–20 despite prolonged drought and widespread bushfires. This is largely driven by demand for livestock and livestock products in Asia, although the outlook might very well quickly change.
Austrade similarly notes that investment, innovation and forward‑thinking are characteristics of the agri‑industries in Australia, that strongly suggest ongoing future growth and successes.
The structure of the sector overall is supported by a well‑funded and efficient logistics and supply chain mechanism, which also enables effective export links and access to global markets.