Melbourne's Foodbowl: Economic Impact

This assignment examines the economic significance of Melbourne's foodbowl, a vast agricultural region contributing $2.45 billion annually. The study utilizes secondary data from sources like Deloitte to analyze factors such as land use, production value, employment in agriculture and food processing, and dietary intake. The analysis highlights the significant economic impact of the foodbowl while acknowledging threats from urban development. Recommendations are made for further research using tools like descriptive statistics and SPSS to provide a more comprehensive understanding.

Business Statistics

TABLE OF CONTENTS
INTRODUCTION...........................................................................................................................1
MAIN BODY..................................................................................................................................1
Data sources.................................................................................................................................1
Methods for data analysis and importance of the article.............................................................1
Types of statistics used................................................................................................................1
Measures of locations..................................................................................................................2
Suggestions for further improvements.........................................................................................2
CONCLUSION OR DISCUSSION................................................................................................3

INTRODUCTION
In the recent times, Merlbourne foodbowl implies for 1.7 millions hectare of agricultural
land. Individual grow vegetables on such land and involved in other production activities such as
vegetables, poultry, dairy and livestock. Further, contribution of foodbowl is $2.45 billion per
annum and it is continuously increasing. From assessment, it has been identified that urban
development has high level of influence on the value of foodbowl of farm land. Hence, the main
focus of the present study is to analyze or investigate the extent to which contribution of
Melbourne’s foodbowl in the economical aspect is significant.
MAIN BODY
Data sources
With the motive to assess the economic contribution of Melbourne’s foodbowl data has
been gathered by the scholar from secondary sources. In this regard, by evaluating the books,
journals and scholarly articles Statistical data about Melboune’s foodbowl has been gathered by
the scholar of Deloitte.
Methods for data analysis and importance of the article
For presenting the fair view of research issue thematic analysis has been conducted by
the researcher. Hence, by preparing various themes regarding agriculture production, land and
employment etc. researcher has made efforts to assess the extent to which Melbourne’s foodbowl
contributed in the economic aspects. Along with this, pie chart and other graphs have also been
included by the researcher to develop better understanding about the findings. In this regard, pie
chart related to agricultural production in Melbourne has been included by the researcher.
Further, statistical bar charts have been presented in the Deloitte’s report regarding employment
in the food processing industry, average dietary intake and agricultural production in LGA. In
addition to this, column graphs related to Melboune’s food demand and population level in the
near future also has been included. Thus, the present article and its findings are highly significant
that provides deeper insight about the level to which agricultural aspects made vital contribution
in the economic aspects. Hence, by considering the Deloitte’s report government authority can
develop highly suitable or strategic framework.

Types of statistics used
In the concerned report, statistics pertaining to Victorian agricultural land, production in
Melbourne, employment in food processing industries, daily dietary intake, food demand,
population etc has been gathered. Hence, statistics pertaining to direct and indirect contribution
in agriculture and food manufacturing has been evaluated. Along with this, sectoral economic
contribution also has been evaluated to assess its impact on Melboune’s foodbowl.
Measures of locations
In this, to assess the impact of Melboune’s foodbowl in the economical aspects several
locations have been selected by the scholar. Hence, selected locations can be divided into three
parts such inner and interface Melbourne as well as outer foodbowl. Thus, by placing emphasis
on the locations or regions like Rest of Victoria, outer foodbowl, interface and inner Melbourne
solution has been presented by the scholar.
Suggestions for further improvements
In the current report, improvements are required in relation to the section of data analysis.
Moreover, tools like descriptive statistics and SPSS helps in presenting the fair view from data

set which is going to be investigated. Hence, by making assessment of data set scholar would
become able to present optimal results.
CONCLUSION OR DISCUSSION
From article, it has been articulated that economic contribution of agriculture in the
context of regional economy accounts for $2.45 billion. It can be seen in the report that Victorian
agricultural land accounts for the higher area such as 88% over outer foodbowl, inner and
interface Melbourne. Besides this, it can be inferred that agriculture sector also offers high level
of employment opportunities to the people by creating 21001 full time equivalent jobs. Hence, it
can be said that direct contribution in value added terms account for $956 million per annum.
On the other side, indirect contribution accounts for $742 million per annum. Along with this,
food manufacturing the region contributes $742 million per annum. In addition to this, it can be
summarized from the report that contribution level of vegetables and fruits are highly significant
from economical perspectives. It has been concluded from the investigation that value of
foodbowl is highly threatened from urban development.
Victorian agricultural land, by region
Value of Agricultural Production in Foodbowl

It can be seen in the report that value of annual agricultural output will decrease between
the ranges of $32 to $111 million. Further, it can be presented from the results of modeling that
consumers pertaining to foodbowl will increase their local food consumption significantly.
Besides this, it can be stated that agricultural output will incline $290 million per annum. It can
be concluded from evaluation that ancillary benefits of Melbourne include the value of insurance
in against to drought, changing climatic condition, green wedge etc. However, such benefits are
only associated with the land that is used for framing rather than urban development. This in turn
helps in restricting the undesirable activities to a great extent. Moreover, in foodbowl, food
processing areas reduced by 0.62%. Due to incline in population and for accommodating the
same high level of reduction has taken place in agricultural land. Hence, from overall evaluation,
it can be depicted that Melbourne’s foodbowl makes significant contribution in agricultural
aspects.