As the world’s population balloons and demand for quality safe, clean, green produce that Australia is renowned for escalates, especially from our closest trading partner Asia, is our farming sector enabled to capitalise?
How can we attract Australian superfunds, fund managers and other investors into Australian agriculture? How can we ensure Australian farmers and the Australian agricultural industry position themselves for success?
Foreign or local, the need to attract investment in Australian agriculture is tangible, with ANZ’s ‘Greener Pastures’ report projecting an additional $600 billion in capital investment will be needed by 2050 to enable production growth in Australia, with a further $400 billion required to support farm turnover*.
Innovative approaches for securing such investment will come under the spotlight at the AgriVictoria – State of Opportunity Summit on 9 June 2016 at Melbourne’s Park Hyatt, with industry expert ANZ Head of Agribusiness Mark Bennett to lead the debate.
Mr Bennett said: “Growth-oriented capital at an industry level is an issue for Australia’s agricultural sector and broad sources and innovative ways to obtain future investment need to be considered.
“As a country it’s important we have a discussion about the potential sources for further capital investment – whether it’s from Australian superannuation funds to overseas sources – that will help Australian agriculture meet its full potential and remain globally competitive,” Mr Bennett said.
As a potential major barrier to growth for Victoria’s $12 billion farming and agribusiness sector, the Summit’s MC Matt Linnegar, Chief Executive of the Australian Rural Leadership Foundation, says it is only fitting that the foreign investment debate be a focal point of discussion at the AgriVictoria Summit.
Sharing his views on the issue, he noted the importance of finding the right kind of capital, whether that be global or local.
“It’s an emotional subject, but for the most part it shouldn’t be. The sector clearly needs the capital to grow and foreign investment must be part of the mix. The only investment we don’t want is investment that ties up entire supply chains with no flow-on benefits to Australia,” said Mr Linnegar.
Victorian Farmer’s Federation Vice President David Jochinke echoed this view, saying “Sometimes we get tripped up on the word ‘foreign’… It really detracts from the real game of agriculture or what agriculture needs.”
Launched last year to deliver a premium, outcomes-focused agribusiness event for Victoria’s agricultural sector, the AgriVictoria – State of Opportunity Summit is the brainchild of a partnership between the Victorian Farmers Federation (VFF), The Royal Agricultural Society of Victoria (RASV), ANZ and PwC.
This year’s Summit will be opened by Victorian Treasurer Tim Pallas who will shed further light on the State Government’s raft of measures to support the growth of the local agricultural industry, as handed down in the recent budget.
The Summit will be followed by the premier event on the Victorian agriculture social calendar, Agriculture: The Heart of Victoria gala dinner.
Tickets to both events are now on sale and can be purchased from the following ticketing websites for each event:
Follow @AgriVictoria on Twitter and @HeartofVic on Twitter and Instagram to stay up to date with the latest announcements.
Please contact Sally Edgar, Sauce Communications, email@example.com, 0425 247 133.
About AgriVictoria – State of Opportunity Summit
The AgriVictoria – State of Opportunity Summit is Victoria’s premier outcomes-focused agribusiness event that is designed to enable primary producers and agribusiness professionals to be investment and export ready. Focusing on investment opportunities, technology and funding innovation in agriculture, the Summit aims to connect people, drive change and boost productivity across Victoria’s $12 billion agriculture industry. It is a collaboration between the Victorian Farmers Federation (VFF), The Royal Agricultural Society of Victoria (RASV), ANZ and PwC.
* ANZ Insight (October 2012), Greener Pastures: The Global Soft Commodity Opportunity for Australia and New Zealand, accessed at: http://www.anzbusiness.com/content/dam/anz-superregional/AgricultureInsightsGreenerPastures.pdf