From Farm to Future: Agriculture as a Driver of Australia’s Growth
Despite its underlying strengths, the Australian economy continues to navigate a complex set of challenges. Domestically, stagnating productivity growth and enduring cost of living pressures are placing pressures on Australians. These issues rest against ever-increasing complexity in global strategic and economic environments.
Australians living and working in our capital cities and suburbs are so clearly under pressure. Families face economic challenges at levels today that haven’t been felt for decades.
Australian farmers feel these pressures alongside the rest of the country. Productivity growth has slowed materially, while rising input prices and market volatility have squeezed operating margins.
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Akshata Giri