While the impacts of coronavirus have been widespread across the economy, the outlook for our agribusiness sector is strong and growing.
Commonwealth Banks's Executive General Manager Regional and Agribusiness, Grant Cairns said agribusiness is experiencing a level of opportunity across many sectors that has not been seen for years, with favourable market conditions, good seasonal conditions in most regions, and a consumer focus on fresh produce.
“The sector has a very strong outlook – largely due to recent rainfall in many regions across the country, combined with low interest rates, increased land values, many commodity prices holding strong and market demand for our Australian produce," Mr Cairns said.
Chinese Consumers Still Hungry for Australian Produce
Despite a strained relationship between Australia and China, SA’s agricultural produce is still on-demand overseas.
Chinese consumers appear to have a big appetite for premium Australian beef, sheep, fruit and nuts, according to figures from the Department of Foreign Affairs and Trade.
From January to May 2020, Australian exports to china overall increased from $57.2bn in early 2019 to to $59.4bn this year.
Figures show wine sales also starting to bounce back following the COVID-19 lockdown.
The positive news follows a warning from Chinese ambassador Cheng Jingye in April that Australia's push for a COVID-19 inquiry could cause consumers to boycott Australian products.
Children to Learn about Farming
Thousands of South Australian children will soon get a first-hand account of agriculture in action under a $4.75m program.
Agriculture Minister David Littleproud has this week announced the successful recipients of the Educating Kids About Agriculture: Kids to Farms grant program, including Primary Producers SA Inc.
“This exciting program will connect see our state and territory farming organisations connect our kids with farms and provide them with a real hands-on experience and insight into what’s involved from the paddock to the plate” said Minister Littleproud.
“We want to give our kids a greater understanding of the important role Australia’s thriving agriculture sector plays in our society and these immersive, real life experiences on-farm is sure to spark a life-long love of the land.
“A key part of this program is to showcase to our kids the breadth of career opportunities available in agriculture.
“The kids of today will be the farmers, agri-scientists, livestock agents, bio-security officers - even ag ministers - of tomorrow."
Primary Producers SA will receive grants to sponsor government, Catholic and independent primary school visits to farms and other primary production worksites to learn about agriculture production, sustainability practices and land stewardship.
More details about the program and successful recipients can be found.