Agriculture Plays A Vital Role For Australian Social, Economic And Environmental Sustainability
Current Agricultural Production
The agricultural sector, at the farm gate, contributes 3% to Australia’s gross domestic product. In 2014-15 the gross value of farm production was in excess of $53 billion. (Australia and Statistics, 2016). After adding in the vital and value adding processes that food and fiber go through after leaving the farm gate, along with the value of all economic activities that support production through inputs, Contribution to the GDP averages around 12% or $155 billion.
Australian farmers export on average 60% of what is produced. An average of $32 billion was earned for the country in exports in 2011-12. The value of exports and the future of Australian agriculture depends greatly on the overseas market.
Domestic consumption verse export in wheat.
Australia produces below a third of what is produced in India and less then that of what
China produces. The population in China and India which is greatly larger then Australia meaning they can utilise majority of the wheat that they produce in secondary production, In Australia the wheat that is produced it excessive in what is needed or…