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Reaching agriculture’s $100 billion target will require more capital investment



Billions of dollars in capital investment in the agriculture industry will be required each year to reach the National Farmers’ Federations’ $100 billion target for the industry, a new report has found.

The target of reaching $100 billion in farm gate output by 2030 would require $8.7 billion to be pumped into Australia’s agriculture, fisheries and forestry industries every year for the next nine years.

An AgriFutures report found the industry attracts around $1.2 billion of investment per year, with farm gate output valued at $63 billion.

Data modelled in the report shows that current investment in agriculture could limit the growth of the industry to just $84 billion in farm gate value by 2030.

The report, written by…

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