NT Government launches Agribusiness and Aquaculture strategy 2030 – Have your Say

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The Northern Territory Government has launched a new Agribusiness and Aquaculture strategy to drive economic growth in the agribusiness sector.

Working with industry, the government intends to identify growth areas that will boost the agribusiness sector through to 2030.

According to the Territory Economic Reconstruction Commission (TERC) report, the state’s agriculture and aquaculture industries are currently worth $1.3 billion. The goal is to develop the industries to $2 billion by 2030.

Agribusiness growth presents a huge economic, job, and food security opportunity for the Northern Territory, according to NT Minister for Agribusiness and Aquaculture, Nicole Manison.

Adertisement

“We are serious about getting on with the job of growing our economy to $40 billion by 2030, and this new Agribusiness and Aquaculture strategy is an integral part of that,” said Ms Manison in a media release.

“We have been working on a collaborative, whole-of-sector strategy since the release of the TERC Final Report. This strategy will outline how we will continue to grow the Territory’s agribusiness and aquaculture industries to 2030 and beyond.”

The TERC report outlined 8 key areas of focus:

  • Enabling infrastructure requirements
  • Sector capability and capacity, including workforce and technology
  • Commercialisation opportunities through new products and emerging industries
  • Market access and supply chains
  • Value adding manufacturing and processing
  • Innovative and targeted research and development approaches
  • Mitigation of risks such as weeds, pests, diseases and a changing climate
    • prioritising biosecurity as a key market advantage
  • Opportunities for a “Territory Provenance” identity.

To have your say on the Agribusiness and Aquaculture framework, complete the survey before 5pm, Friday 25 February 2022.

Image credit: https://haveyoursay.nt.gov.au/agribusiness-strategy