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AGRI10047 - Agricultural Reforms in Australia

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University Of Melbourne

   

Agriculture in Australia (AGRI10047)

   

Added on  2020-03-04

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AGRI10047 - Agricultural Reforms in Australia assignment the critically analyses a newspaper report on the reform policies for Australian agriculture. The policymakers in Australia believe in leaving the sector in the hands-free market economy. This is the reason why the Australian government provides the least assistance to its food industry. Most countries maintain a subsidized agricultural sector in contrast to a free market structure in Australia. The agricultural product by making farmers reluctant to market prices

AGRI10047 - Agricultural Reforms in Australia

   

University Of Melbourne

   

Agriculture in Australia (AGRI10047)

   Added on 2020-03-04

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Running head: AGRICULUTURAL REFORM IN AUSTRALIA Agricultural Reforms in AustraliaName of the StudentName of the UniversityAuthor note
AGRI10047 - Agricultural Reforms in Australia_1
1AGRICULUTURAL REFORMS IN AUSTRALIATable of ContentsIntroduction......................................................................................................................................2Essence of the Story.........................................................................................................................2Economic theories and concept.......................................................................................................3Agricultural market and Subsidy.................................................................................................3Free market policy.......................................................................................................................4Recommendation.............................................................................................................................5Conclusion.......................................................................................................................................6References........................................................................................................................................7
AGRI10047 - Agricultural Reforms in Australia_2
2AGRICULUTURAL REFORMS IN AUSTRALIAIntroduction In any economy, economic activities are classified into three categories. The threeimportant sectors are primary sectors, secondary sector and tertiary sector. Generally, fordeveloped nation the contribution from the primary sector is the lowest while that from servicesector is the highest. However, for Australia despite being a developed nation the primary sectoror agriculture sector is an important sector. The sector is important not only for meeting morethan 90% of the domestic food demand but also for making its significant contribution throughexport earnings. This assignment critically analyses a newspaper report on the reform policies forAustralian agriculture.Essence of the StoryFor agricultural sector, Australia adapted a very different strategy from that of otherEuropean countries. The policy makers in Australia believe in leaving the sector in the hands ofree market economy. This is the reason why Australian government provides least assistant toits food industry. Most countries maintain a subsidized agricultural sector in contrast to a freemarket structure in Australia (queenslandcountrylife.com.au 2017). There is a long held debateon advantages and disadvantages of regulated or market based understanding for agriculturalsector. In United Kingdom and Ireland, farmers receive subsidy or allowance under the CommonAgricultural Policy (CAP) of EU. Additionally, they participate in different agricultural program.Besides, agriculture CAP includes range of policies covering rural development, marketing ofagricultural product as well as environmental aspect (Rizov, Pokrivcak and Ciaian 2013). EU
AGRI10047 - Agricultural Reforms in Australia_3

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