Big Ag

Australia is set to become the food bowl of Asia.

We're going to take advantage of the good soils and reliable water supplies in our north and turn it into an agricultural powerhouse.

It will essentially be private enterprise that makes it happen but the government will support it with cheap loans from a pool of $15 billion set aside for the purpose.

All this will be administered by the Northern Australia Infrastructure Facility, set up in July this year in Cairns.

Exciting stuff.

But let's not depend on it like we did with mining. Even though this is going to essentially double our agricultural output, it still needs to be just one card in our pack if we're to have a truly resilient economy.


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