Agriculture Assignment: Reforms In Australia

Added on - 28 May 2020

  • 8

    pages

  • 1486

    words

  • 0

    views

  • 0

    downloads

Showing pages 1 to 3 of 8 pages
Running head: REFORMS IN AUSTRALIA’S AGRICULTURE INDUSTRIESREFORMS IN AUSRALIA’S AGRICULTURE INDUSTRIESName of the StudentName of the UniversityAuthor’s Note
1REFORMS IN AUSTRALIA’S AGRICULTUTRE INDUSTRIESTable of ContentsIntroduction......................................................................................................................................2Interest of agriculture companies and government agencies...........................................................2Reforms in agriculture sector in Australia using economic analysis...............................................3Recommendation to the policyholders............................................................................................5Conclusion.......................................................................................................................................6References........................................................................................................................................7
2REFORMS IN AUSTRALIA’S AGRICULTUTRE INDUSTRIESIntroductionThis study focuses on the changes that occurred in agriculture sector in Australia.Agriculture industries have always been a vital component of the economy of Australia as itcontributes to near about 2.3% of Gross Domestic Product (GDP). This nation is one of thebiggest agricultural producer as well as exporter, with more than 307,000 persons employed inthis sector (Matusz and Tarr 2017). According to Australian Bureau of Agricultural andResource Economics and Sciences ( ABARES), the Australian farmers not only provides 93% ofdomestic supply of food, but also supports export market that is valued at A$41 billion perannum.This country’s cropping system facilitated their farmers to be highly flexible. The reasonbehind interest of agriculture entities and government agencies is also explained in this report.By applying economic analysis, reforms in agriculture industries are also illustrated. The actionssuggested to the key holders regarding certain issues are also given in this study.Interest of agriculture companies and government agenciesThe agriculture sector in Australia benefitted from varied agricultural practices, formal aswell as informal grants, access to cheap workers and overseas capital. As this nation liberalizedagriculture, their farmers as well as agriculture entities pursued their interest in the totalproductivity gains and thus making them more competitive. Australia’s farmers and theirgovernment jointly established agricultural R&D ( research and development ) organizations forthe agricultural industries (Shenget al.2015). The government agencies invest in new farmingtechniques adopted by the agricultural entities in order to increase agricultural productivity. Thepolicymakers usually make investment in this sector in order to enhance income as well as long-term welfare in most of the rural areas. Both the government agencies as well as agricultural
desklib-logo
You’re reading a preview
card-image

To View Complete Document

Become a Desklib Library Member.
Subscribe to our plans

Unlock This Document