HI5003 - Growth in Australian Agricultural Sector: Export Market

This essay explores the growth of the Australian agricultural sector and its impact on the Australian economy, particularly in the export market. It highlights the sector's significant contribution to the GDP, its role in providing employment, and its adoption of new technologies to enhance productivity and food security. The essay also discusses the challenges faced by the sector, such as soil and weather conditions, and provides recommendations for future growth, including focusing on high-demand products like oilseeds and streamlining government regulations. The analysis concludes that the agricultural sector is crucial for Australia's economic sustainability and improved living standards, driven by efficient production and strategic import-export activities. Desklib offers similar essays and study tools for students.

Growth in Australian Agricultural Sector for Export Market
1

Contents
Introduction......................................................................................................................................3
Economic Analysis..........................................................................................................................4
Recommendations............................................................................................................................7
Conclusion.......................................................................................................................................8
References........................................................................................................................................9
2

Introduction
The economy has been affected by the growth of the agricultural sector in the country that leads
to improving the standard of people in Australia. It has been considered as the largest producer
of agricultural products at low cost in the world. This makes it improve its imports and exports of
the country. The public and private sector are giving focus on the improving the production of
products and services with the effective use of technologies in the country so that export of
products can be made in an easy manner. This will also enhance the productivity by providing
employment opportunity to the people in the country.
The government take initiative for the safety and security of food in the country so that people
will be provided with hygienic food and services in Australia. The article will elucidate the
impact of the agricultural sector in the economy of the country so that development of human
being and contribution to the GDP gets enhance. This help in providing employment to the
people so that income level gets improved and GDP gets improved. The production of food is
made to enhance the living standard of people and made at a low price to the people so that they
can afford them and help in exporting the products to outside the geographical boundaries.
3

Economic Analysis
The economy in Australia is affected by the growth in the agricultural sector of the country. This
has been the significant source survival for the people in Australia due to the increasing demands
and effective production. The Agricultural sector or industry has become a source of income in
the country as the innovation took place with the growth in population as they rely upon the
intake of food and consumption that is a basic necessity for them. This also enhances the
economy with the effective export system. The innovation that took place in the agricultural
sector in Australia made it provide hygienic and healthy food to people so that reduction in
diseases takes place. The healthy structure of people helps in making them earn their livelihood
and make them work efficiently in the country. The export and import of food products help in
increasing the economy of the country and reduction in poverty also accrue (Gray, 2017).
Figure: (Products produced by agricultural sector in Australia)
Source: (Australian government, 2012)
The agricultural sector is the technology industry that leads to innovation and effective
production of food products that helped in providing good quality of products to the people. This
also helps in availing the job opportunity to the people that help in improving the economy of the
4

country with the increase in the income level of the country. This contributes a large portion to
the GDP of the country and help in meeting the needs of the economy. The agricultural industry
contributes to 3% to the food production in the world due to increase in export of products to
other parts of the country. The agricultural industry in Australia is more indulged in adopting
new technologies for increasing its production and makes it provide the operative food security
so that hygienic and healthy food can be made to the people. The agricultural sector in Australia
employs approximately 325300 employees for the production of food products and services
(McLean, 2012).
Figure: (Support of countries to agriculture sector)
Source: (Australian Farm Institute, 2012).
The living standard of the people and farmers also gets changes with the embracing of new
technologies for the producing and breeding. This improves the productivity and export of those
products are made that is required by the people outside the geographical boundaries. This makes
them be provided with effective training and development so that they can make the production
5

in an effective manner that helps in proving sustainability in the environment. This makes the
people get into numerous activities that bring high productivity and production of numerous food
products take place. The agricultural sector earns $ 155 billion in a year in Australia due to high
production and import-export. This contributes to 12% in the GDP of the country that leads to
high growth in the economy of the country (The conservation, 2014). The production of food
products is quite high in Australia and it is available at low cost with good quality. This is made
to attract the people who live outside of Australia. The soil of the country and its weather
condition do not support the productivity of agricultural products in Australia but it still makes
the highest production in the world at low cost. This is made to increase the living standard and
health of the people so that they can work effectively in the country and level of the economy
gets enhanced. The skills of the employees get improved due to the adoption of new technologies
for the effective production and improve the services (Fuglie, 2012).
6

Recommendations
The agricultural sector has been under the top five industries that produce the hygienic food
products in the world. It needs to analyse the needs of the people so that the production can be
made accordingly and food products would not get wasted. This will help in meeting the
competitive advantage with the effective production and living standard of people. This will help
in increasing the economy of the country. The growth in the economy leads to removal of
poverty and increase in living standard of people. The agricultural sector needs to produce the
oilseeds for the people and its demands are high in Australia and another part of the country
(Ray, et. al., 2012).
The production of those products should be made which require less government permission so
that burden over this can be reduced. This will improve the export system of the agricultural
sector. The transportation of products and services can be made easily so that it can meet the
needs of the people. The consideration should be made on producing high quality of products to
increase the effectiveness of employees and provide them employment opportunity. This will
help in the growth of economy with the enhancement in the living standard of people. This can
be carried through the successful accomplishment of the need of people in Australia (Deloitte,
2017).
7

Conclusion
From the above article, it can be concluded that agricultural sector help in optimum growth in the
economy of the country with the effective production of hygienic food products to the people.
Australia has been taken in the ranking of top 11 countries that produces the food products at low
cost. The agricultural sector helps in providing the job opportunity to the people that add to high
growth in the income level of the country. This brings the drastic change in the economy of the
country and help in improving the growth and sustainability in Australia with the high import-
export of products and services.
8

References
 Australian Farm Institute. (2012). Australians provide less support to their agriculture
sector than any other nation. [Online] Australian Farm Institute. Available at:
http://www.farminstitute.org.au/ag-forum/australians-provide-less-support-to-their-
agriculture-sector-than-any-other-nation. [Accessed on: 10 April, 2018].
 Australian government.(2012). A Joint Australia–China Report on Strengthening
Investment and Technological Cooperation in Agriculture to Enhance Food Security.
[Online] Australian government. Available at:
http://dfat.gov.au/about-us/publications/trade-investment/feeding-future/Pages/a-joint-
australia-china-report-on-strengthening-investment-and-technological-cooperation-in-
agriculture-to-enhance-food-s-2.aspx. [Accessed on: 10 April, 2018].
 Deloitte. (2017). Where are the growth opportunities in Australian agriculture? [Online]
Deloitte. Available at:
https://www2.deloitte.com/au/en/pages/consumer-business/articles/where-are-growth-
opportunities-australian-agriculture.html. [Accessed on: 10 April, 2018].
 Fuglie, K.O. (2012). 16 Productivity Growth and Technology Capital in the Global
Agricultural Economy. Productivity growth in agriculture: An international perspective,
pp.335.
 Gray, D. (2017). World goes nuts for Australian agriculture as records tumble. [Online]
The Sydney morning herald. Available at: http://www.smh.com.au/national/world-goes-
nuts-for-australian-agriculture-as-records-tumble-20170306-guruhc.html. [Accessed on:
10 April, 2018]. McLean, I.W. (2012). Why Australia Prospered: The shifting sources of economic
growth. Princeton University Press.
 Ray, D.K., Ramankutty, N., Mueller, N.D., West, P.C. and Foley, J.A. (2012). Recent
patterns of crop yield growth and stagnation. Nature Communications, vol. 3, pp.1293.
 The conservation. (2014). Agriculture in Australia: growing more than our farming
future. [Online] The conservation. Available at: https://theconversation.com/agriculture-
in-australia-growing-more-than-our-farming-future-22843. [Accessed on: 10 April,
2018].
9