Many may not realise that agribusiness and tourism are two of the top five emerging growth industries to 2030.

According to a recent report from Deloitte Access Economics, our sectors are two of the best positioned to take advantage of key features such as Australia’s:

• large area of arable land;
• relatively low land use conflicts;
• strong biosecurity status;
• relative ease of doing business;
• technological readiness;
• high education levels;
• an innovative culture and
• close proximity to export markets.

Holding us back are a few key disadvantages, including regulatory burden, rainfall, water availability and water reliability, low soil fertility, an ageing workforce and high labour costs.

At least three of these six disadvantages are common to all Australian businesses, and are areas where we can find ways to work together to boost our competiveness. And what greater way to seek to overcome them, and capitalise on the opportunities ahead for our sectors…