Reforms in Agriculture Industries in Australia

Running head: REFORMS IN AGRICULTURE INDUSTRIES IN AUSTRALIA
REFORMS IN AGRICULTURE INDUSTRIES IN AUSTRALIA
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Author’s Note

1REFORMS IN AGRICULTURE INDUSTRIES IN AUSTRALIA
Table of Contents
Introduction......................................................................................................................................2
Role of Australian government in reforms in agricultural Industries..............................................2
Economic analysis about presenting the issue.................................................................................3
Recommendation of actions to the policyholders............................................................................4
Conclusion.......................................................................................................................................5
References........................................................................................................................................6

2REFORMS IN AGRICULTURE INDUSTRIES IN AUSTRALIA
Introduction
Agriculture industries is one of key industries in Australia as it contributes to about 12%
share of this nation’s Gross Domestic Product (GDP). This industry in Australia produces huge
variety of primary goods for export as well as domestic consumption. This report focuses on the
reforms in agriculture industries in Australia over the decades. For the past three decades, the
main feature of this nation approach in enhancing productivity has been to bring about change in
agriculture and decrease distorting manufacturer support (Bramley and Trengove 2013).
Historically, the Australian government employed several support measures in maintaining as
well as stabilizing farmer returns in this sector. This study also highlights on the role of
Australian government in bring about reforms in agricultural sector. The economic analysis
presenting the issue is also discussed in this report.
Role of Australian government in reforms in agricultural Industries
The Australian government plays a major role in bringing about reforms in the
agricultural industries. The policy makers of this nation have recognized the significance of
rising agricultural productivity sustainably as it enhances long-term income as well as welfare.
For this reason, they took interest in implementing programs for achieving this goal without
distorting the markets (Fuglie et al. 2012). These programs that supports diversification,
encourages investment and refines their business skills have improved their farmers ability in
enhancing their business. The Australian government actively works in reducing distortions in
world’s agricultural trade in order to give better access in the market for the Australian exporters.
Both the farmers as well as the Australian government establishes research and development
(R&D) corporations for each agricultural industries (Willer and Lernoud 2016). The government