The Northern Territory (NT) Government has launched its Agribusiness 2030 Strategy, which aims to transform and develop the region’s agribusiness industry into a $2 billion sector by 2030.
According to the NT Government, it ultimately plans to unlock maximum potential across the region and increase the value of the local agriculture and aquaculture industries from $1.3 billion in 2021 to $2 billion by 2030.
The strategy was co-designed with industry partners through consultation and feedback to ensure that its priorities and actions are aligned to achieve sustainable agribusiness growth.
Priorities outlined in the strategy include increasing engagement with stakeholders to maintain support, protecting the region’s reputation as a supplier of high-quality products, continuously adapting and innovating to capitalise on opportunities and focusing on key drivers of growth.
The plan also provides a clear direction and shared vision for Government and industry, with the overall goal of increasing sustainable agribusiness across the Territory and prioritising the development of strong relationships with Aboriginal people and Traditional Land Owners to support growth in Aboriginal-led agribusiness activities.
According to Minister for Agribusiness and Fisheries Paul Kirby, the Agribusiness 2030 Strategy will play a big role in the potential to create sustainable agribusiness developments in NT.
“Agribusiness is worth big dollars to the Territory and to our economy, and we have our sights on making it even bigger. The industry is currently worth around $1.3 billion. We want to boost this to $2 billion by 2030,” Minister Kirby added.
Meanwhile, NT Farmers CEO Paul Burke said the strategy is expected to provide a clear focus on how the region can responsibly generate long-term economic opportunities for all Territorians.
“Industry welcomes the development of this strategy and government’s commitment to the agricultural sector. We look forward to working with the government to fully implement the strategy and to grow the size of agriculture in the NT,” Burke noted.
