Competitive and dynamic industries are fundamental to the long-term prosperity of all Australians. Australian agriculture provides a key example of the role individual businesses can play to increase the economic dynamism and strength of local and national economies. However, increased market concentration and the exploitation of market power is threatening the long-term viability of many farm businesses. This reduces their ability to invest in productivity enhancing assets, high paid jobs, or long-term business commitments. The NFF believes there are significant opportunities to ensure Australia’s economy is competitive and dynamic now and into the future.
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Akshata Giri