Farming's key role in Aust economy upgraded (1 Viewer)

Enlightened_One

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DAILY NEWS : AGRIBUSINESS AND GENERAL

Farming's key role in Aust economy upgraded
By Michael Thomson
Monday, 14 March 2005

New data from the Australian Farm Institute has confirmed in black and white what many farmers suspected - the contribution of agriculture to the national economy is far greater than most people realise.

In a report released today, the AFI reveals that agriculture is at the core of a sector of the national economy that generates more than 12pc of gross domestic product.

Traditional measures have shown that agriculture only contributes 3pc to GDP,

But the AFI's report - jointly funded by Horticulture Australia Ltd - has measured the economic contribution of all farm-dependnt sectors, including food services and manufacturing.

"It highlights that policy changes impacting on agriculture have a much greater impact on the whole economy than has ever been recognised," AFI executive director, Mick Keogh, said.

"For example, Australia's Farm-Dependent Economy accounts for more than 17pc of all employment nationally, and more than 30pc of employment in some areas of regional Australia.

"This highlights why a downturn in agriculture due to a drought or other economic shock very quickly translates into significant job losses in a broad range of non-farm sectors, as has been the experience during the recent drought."

SOURCE: Rural Press Canberra Bureau.




It seem smost people don't know how obvious this is. And some people, such as the govenrment with their new acts on the way, such as the Native Vegetation Act, undervalues al this.

Anyway, what do you people think?
 

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I was listening to something about that on NewsRadio a few days ago... Even though it would be a useful report, don't you think that it is kind of funny to see an industry trumpeting it's own cause by redefining traditional measures within a new report? Something that should be considered, that's all.
 
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katie_tully

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Being a farmer's daughter it's quite obvious what I think.
About bloody time.
 

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