The need for far greater capital investment in agriculture was a key finding of ANZ insight Greener Pastures. The report found Australia will need A$1 trillion in additional capital investment to achieve $710 billion in agricultural exports between 2011-50.
Comfresh Group Managing Director Johnny Tran said while Australia has been quick to adapt to new technologies in some areas, it remains behind in other vital ones.
“In terms of farming techniques and technologies we’re adapting, that we’ve learned from other countries… yes we are that one step in front,” he said.
“One of the areas that Australia is lacking compared to China and Japan is probably ecommerce. China and Japan have us hands down – especially China. There’s such a huge opportunity to learn from these countries about the ecommerce market.”
Primary producer Nathan Stoll said there we clearly barriers which needed to be removed before some of the world-leading tech could be implemented in Australia.
“First and foremost would be data flow and speed of data flow and communications,” he said. “That’s an issue we’re going to have for a long time.”
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Simone Stella is a bluenotes contributor