Complacency, red tape strangle producers
Australia’s $150bn food and agriculture sector is facing a crisis as it battles rising regulation, surging energy costs and tax imposts with the industry demanding a national plan to fix issues.
Australia’s $150bn food and agriculture sector is facing a crisis as it battles rising regulation, surging energy costs and tax imposts with the industry demanding a national plan to fix issues.
A top agribusiness fund manager says governments’ taxes on foreign investment are driving capital away from Australia.
In the endless chase for critical minerals or renewables, we are taking for granted an industry that is already creating wealth.
Farmers thought they had seen the end of the government’s biosecurity funding legislation but Agriculture Minister Murray Watt says consultation is ongoing.
Australia exports about 70 per cent of the food produced here but the industry says that doesn’t guarantee our food security.
The lesson from China’s tariffs on Australian goods has been a harsh one, highlighting the risk of having too many eggs in one basket.
Denmark will tax farmers $144 a cow in a bid to reduce methane emissions. Australian pastoralists say it would destroy the industry if replicated here.
One of the leading private equity investors in the food sector in Asia is poised to make its first investment in Australia and is eyeing fresh opportunities in China.
Lessons needed to be learned from the closure of industries in Australia because of high domestic costs, Noumi CEO Michael Perich warns.
Food industry heavyweights say there is a danger in focusing too much on one market, despite the significant potential in China.
The nation’s biggest privately-owned producer says cattle can be safer on ships than being raised for sale on grass, and is confident the government will continue to back the industry.
British buyout king Guy Hands says he’s kept ‘awake at night’ by the ongoing threats to stability in the global political system.
The chairman of Chemist Warehouse says China’s love affair for Australian products has waned since Covid-19 and the recovery in the relationship has been slow.
Team Global Express chief Christine Holgate says ‘we must fight for the postal system’, telling The Australian’s Global Food Forum regional areas are under threat.
Costco believes it can showcase great Australian food and grocery producers to the world, from oats to beef and honey, as Costco shoppers in Asia increasingly look for ‘made in Australia’.
Want to know the fat content of your steak? A new AI smartphone app can help.
While India holds promise as a market for Australian agricultural exports, trade with China remains prized.
China is the biggest single buyer of Australian wool, now taking 82 per cent of the annual clip, an export trade which escaped any fallout from political tensions.
The frosty trade war with China is showing signs of thawing but Agriculture Minister Murray Watt says Australia should never again become so reliant on one trading partner.
Salmon farmer Huon, now owned by JBS Foods, says it’s ready to invest hundreds of millions in Tasmania if it can get clarity and certainty from the state government’s long-awaited industry plan.
Original URL: https://www.theaustralian.com.au/topics/global-food-forum