Australian Government response to the House of Representatives Standing Committee on Agriculture and Water Resources report: Super charging Australian Agriculture Inquiry into superannuation fund investment in agriculture

Introduction

The Australian Government welcomes the report on superannuation fund investment in Australian agriculture by the House of Representatives Standing Committee on Agriculture and Water Resources (the Committee), tabled in December 2018. Investment in agriculture is critical for driving economic growth, creating jobs, improving access to overseas markets and enhancing productivity. Investment into the agriculture industry will also be crucial for the sector to reach its goal of $100 billion farmgate output by 2030. Through the Ag2030 plan, the Australian Government is providing foundational initiatives from which industry can build towards its goal. The Australian Government has outlined in its response a range of measures that are being developed or enhanced to support investment in Australian agriculture. The Australian Government thanks the Committee for its deliberations and recommendations.