Economic Growth in Australia's Agricultural Sector for Exports

This essay examines the growth of Australia's agricultural sector in the export market, highlighting key factors such as trade agreements, consumer preferences, and the increasing demand for Australian agricultural products in countries like the United States and China. It discusses the impact of agreements like the mutual food security acknowledgment with the U.S. and the Export Supply Chain Assurance System (ESCAS) on livestock trade. The analysis includes trends in cropping and livestock exports, with specific examples like the cherry industry's growth following improved market access in Asia. The essay concludes with recommendations for Australian policymakers to enhance regulatory frameworks, ensure animal welfare, and provide clear strategies for the livestock trade industry, emphasizing the importance of trade in driving economic development and export opportunities.

Running Head: GROWTH IN AUSTRALIA AGRICULTURAL SECTOR FOR EXPORT MARKET 1
GROWTH IN AUSTRALIA AGRICULTURAL SECTOR FOR EXPORT MARKET
Student’s name
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GROWTH IN AUSTRALIA AGRICULTURAL SECTOR FOR EXPORT MARKET 2
Prior to growth in Australia agricultural sector for export market, agriculture can be
defined as the exercise or art of cultivating the earth, producing yields, and nurturing livestock
and in fluctuating degrees the ground work and selling of the resulting yields. On the other hand,
export market can be said to be a foreign republic to which properties and amenities from a
particular nation are sold. Agricultural sector is the greatest prospect business which includes a
market impression of occupation data. The United State and Australia contracted a mutual food
security acknowledgment agreement in April 2017. The contract was signed between the
Australian Department of Agriculture and Water resource, and the United State food and drug
administration. The contract’s compliance was to be accomplished by the exporting nation.
The contract is anticipated to greatly simplify Australian exports to U.S and vise verses thru
superior dependence on Australian food governor systems to guarantee the production of
nontoxic food. Foods included in this contract included seafood, egg products, dietary
supplements, fresh fruits and vegetables, canned food, dairy products, sweetmeat and baked
food. The following discussed information in this paper shall show the economic analysis.
Consumers and sophisticated Australians are prepared to try new foodstuffs since the
residents have accommodated an increasing number of freshly arrived settlers from all over who
carry along different tastes and preference. In addition, remote travel is moderately common
particularly by the group now arriving in the work force plus these customers have extended
their cooking horizons. Australian demographics remain a like to those in the U.S hence huge
number of two-income people thus increasing the demand for consumer-ready nourishments.

GROWTH IN AUSTRALIA AGRICULTURAL SECTOR FOR EXPORT MARKET 3
The consumers from both states are willing to pay additional money for them to get healthy
lifestyles (Griggs, 2011).
Conferring to Global trade atlas data, Australian importations of U.S fishery, agricultural
and forestry products in 2016 remained valued at above 1.39 billion USD. Given that the
Australian big agricultural base plus market predictions for U.S nourishments foodstuffs are best
in regions drawing on inventive products, markets of scale and the U.S counter-seasonal seller of
fresh products. The natures of farming yields imported from to Australia from U.S consist mostly
of buyer oriented and transitional food products. Development in livestock trade has been
controlled by continued development in red meat and living animal trade. Veal and beef trade are
valued to have improve by more than 50 per cent in the price terms over the past decade.
Recently, it has been observed the evolution in the price of live cattle trade (In Farmar-Bower, In
Higgins, & In Millar, 2013). Export Supply Chain Assurance System (ESCAS) promotes
livestock trade hence facilitating the transfer of more than 12 million animals to 20 states since
2011 (Anderson, 2016).
Ever since the mid-2000s there has existed development in both the worth of cropping
and livestock trades. Cropping exports varies with periodic conditions that affect manufacture
hence wheat remains the main crop traded in value terms. Also in recent years tree nuts and fruits
exportation has developed strongly. Chickpea exports, reasonably small crop in Australia, its
exportation is estimated to double in worth in terms in 2015 to 2016. An instance of how revenue
growth and better trade sincerity in the Asian section have contributed considerably to growth in
trade is Australian’s cherry industry (Anderson, 2016; h). Market entrance was enhanced for
cherries to the republic of Korea subsequent a reduction in assessments rates in January 2015.
Market entrance to Thailand for a variety of fruits including cherries improved in December

GROWTH IN AUSTRALIA AGRICULTURAL SECTOR FOR EXPORT MARKET 4
2015. Whereas a relatively small business, cherry trade improved to 48 million USD in 2014-
2015,thus up from 13 million USD in 2010-2011. Tasman has been enjoying this as a particular
advantage by fruit-fly unrestricted position and promising air freight responsibilities to Asian
markets. The evolution in the markets for Tasmania and the rest of Australia is demonstrated
below.
Hong Kong China Taiwan Republic of korea Singapore Thailand
0
2
4
6
8
10
12
14
2014-2015 value of cherry export
Series 1 Series 2 Column1
(Aderson, Lloyd, & MacLaren, 2012).

GROWTH IN AUSTRALIA AGRICULTURAL SECTOR FOR EXPORT MARKET 5
1987 1989 1991 1993 1995 1997 1999 2001 2003 2005 2007 2009 2011 2013 2015
0
5
10
15
20
25
30
35
40
Australian export of goods and services to China, 1987-
2015
Series 1 Column2 Column1
(Anderson, 2016)
quantity quantity quantity quantity
0
1
2
3
4
5
6
7
8
9
6
4
2
Do0
2
4
S1
8
6
4
D1
1
3
5
So
increasing demand and supply
price price2 price3 price4
(Moran, 2012).

GROWTH IN AUSTRALIA AGRICULTURAL SECTOR FOR EXPORT MARKET 6
RECOMMENDATIONS
My recommendation to the Australian policy holders would be to accelerate work with
the nations and zones to more evidently article, corresponding roles and duties for regulating the
cattle export source chain. I would also recommend that the policy holders to urge the countries
and territories in mounting and applying as one of their significance hence enforceable values of
welfare to exchange codes of practice besides to incorporate the morals into legislation. Plus
arrange and implement agreement programs to observer and implement the regulations in the
internal phase of agricultural export trade.
In addition, some other recommendations would be that the Australian administration on
the foundation of its latest decisions, approval by industry regime working groups, fixed out a
clear declaration of its intended strategy and operational methods to the livestock trade industry,
stressing the elements of surety of trade and guarantee of animal welfare for shipped Australian
livestock. Nevertheless, the Australian authorities should also consider the role and effective of
exports ethics advisory and it should be revised.
CONCLUSION
Trade must take the direction in developing the evolution and export chances. Plus the
skills then experiences of the more extremely qualified employees affected by the termination,
may be convertible to other divisions. However, some employees may want to undertake
teaching to access alternative occupation. For instance, a percentage of the work force has low
knowledge, language and numeracy abilities or have the skills battered specifically at industrial
processing. Nevertheless, refining business admission to markets and economics, particularly for

GROWTH IN AUSTRALIA AGRICULTURAL SECTOR FOR EXPORT MARKET 7
minor and medium size enterprises, this will permit them to differentiate with new product
clarifications that offer outstanding value for cash.
References

GROWTH IN AUSTRALIA AGRICULTURAL SECTOR FOR EXPORT MARKET 8
Aderson, k., Lloyd, P., & MacLaren, D. (2012). Distortions to agriculture incentives in
Australia since world war ii. washington D.D: World bank.
Anderson, k., & centre of economic policy research. (2016). sectoral trends & shocks in
Australia's economy growth. London: centre for economic policy research.
Griggs, P. D. (2011). Global industry, local innovation: the history of cane sugar
production in australia, 1820-1895. Bern: Peter lang.
In Farmar-Bower, Q., In Higgins, V., & In Millar, j. (2013). Food security in Australia:
challanges and prospects for the future. Boston: springer US.
In-Reid, A. (2015). U.S agricultural export: trade and tax issue. Yew York: Nova
publisher.
Moran, J. (2012). managing high grade dairy cows in the tropics. collingwood: CSIRO.
Patricia J. Krantz and Lynn E. McClannahan. (1998). social interaction skills for children
with autism. chicago: princeton child development.