country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!

Economics: Reforms In The Australian Agriculture Industry

tag 0 Download5 Pages 1,133 Words tag Add in library Click this icon and make it bookmark in your library to refer it later. GOT IT

Question:

Discuss about the Economics for Reforms in the Australian Agriculture Industry.

 

Answer:

Introduction

Agriculture Industry of a nation plays a significant role to improve the prosperity of a nation effectively. The industry improves the economic as well as financial position of a nation. Along with this, the Australian Agriculture Industry is one of the most superior industries in the world. It is famous for its high quality and superior products. Moreover, the Australian agriculture industry is the most innovative and extremely technical industries all over the world. The industry highly contributes in the development of economy as well as GDP of Australia. It is a major source of employment for the people of Australia. Presently, just about 350,000 people are occupied in the Australian agriculture industry. The government of nation develops effective plans and strategies for the growth and expansion of the industry in the international marketplace. A lot of reforms or changes take place for the growth of the industry. In addition to this, this research essay would be beneficial to describe the major reforms that have occurred for the growth of the Australian agriculture industry in previous years. Also, the essay will recommend some reforms that may be beneficial for the future growth of the agriculture industry of the nation.

Reforms in the Australian Agriculture Industry

The agriculture industry of a nation is considered as a major component of the economy of the nation. The Australian agriculture industry is the most foremost step in the economy development of the nation. As per the report of Australian Bureau of Statistics (ABS), Australia is a major producer and exporter of numerous agricultural products such as: wheat, wool and beef. It exports a huge quantity of agricultural products to other nations (Vitalis, 2007). The below chart is valuable to demonstrate the increased annual exports of Australia to other nations.

(Source: Land Commodities 2014).

On the other hand, the increased growth of the Australian agriculture industry is not a result of one or two years. The fact is that, the Australian governments make effective reforms within the industry on the regular basis. Along with this, there are numerous reforms that have cropped up within the Australian agriculture industry in past years. In the mid 1980s, the major reform occurred within the industry. The reform was related to the subsidies that the governments generally provide to farmers of a nation (Edwards, 2003). The government reduced around 95 percent of the subsidies. This can be seen a major reform in the agriculture sector of Australia. It is because of this reform within the industry made all the farmers independent. Now, they are not depending on the government for any assistance.

In addition to this, the government of nation declared the agriculture sector as one of the most export oriented industry in the world. This is measured a revolutionary reform within the industry. Due to this reform, the Australian agriculture industry has become a major producer and exporter of agriculture products in the world. Now, the nation has a strong comparative advantage in the production of farming products. Agriculture is considered as one of the most productive as well as competitive sector in the economy of Australia (Blandford & Hill, 2006). Along with this, in current, Australia exports approximately 70 percent of its farm production. The increased exports create strong opportunities for the economy development of the nation. So, it is the other major reform that has done within the agriculture industry of Australia. The below graph is helpful to show the share of global production and global exports of the Australian agriculture industry properly.

(Source: Land Commodities 2014).

In the same manner, the other major reform that happened in the agriculture sector is the adoption of advanced technologies within the industry. The advanced technologies offer more innovative ways of production to the farmers (Harris, 2005). With the help of the Internet, the Australian farmers become able to understand the methodologies that are valuable to improve the level of production. The use of the technologies not only increased the productivity; but also improved the profitability and standard of living of Australian farmers. Moreover, these advanced technologies provide a totally new working environment to the people. In view of that, this is seen an important reform within the Australian agriculture industry (Edwards, 2003).

On the other hand, the Australian government reduced the strict trade rules and regulations for the economic and financial growth of the nation. This is a major reform within the industry. It is because of due to heavy trade regulations; farmers were unable to export their products to other nations. So, they do not get suitable prices for their production. But, this reform reduced the complexities of the Australian farmers. Now, they export around 70% of their total production to other nations. Moreover, in current, the agriculture sector of Australia has become superstore to other countries especially for to Asian countries (Gray, Oss-Emer and Sheng, 2014). Hence, there can be seen numerous important reforms in the Australian agriculture industry. Along with this, according to me, there are some important reforms that are sill required in the Australian agriculture industry. The government of nation should reduce the taxes that they charge from the farmers. This reform will increase the productivity, profitability, and standard of living of the Australian farmers. Moreover, this reform will reduce the dependency of the famers on the financial bodies for financial assistance. So, this is the reform that is required within the agriculture industry of Australia. 

Conclusion

On the base of the above investigation, it can be said that, the agriculture industry of Australia is one of the emergent industries in the world. It boosts the economy of the country. Along with this, it is observed that, the future of the Australian agriculture industry is bright.  There can be seen a regular increase in the agriculture products of the nation. Moreover, the agriculture sector contributes in the improvement of GDP and employment level of the nation.  On the whole, the Australian agriculture industry is a major producer of the agriculture products that are required for the endurance of people.

 

References

Blandford, D., & Hill, B. (2006). Policy Reform and Adjustment in the Agricultural Sectors of Developed Countries. USA: CABI.

Edwards, G. (2003). The story of deregulation in the dairy industry. Australian Journal of Agricultural and Resource Economics, 47(1), 75-98.

Gray, E., Oss-Emer, M. and Sheng, Y. (2014). Australian agricultural productivity growth. Research by the Australian Bureau of Agricultural and Resource Economics and Sciences, 1-52.

Harris, D. (2005). Industry Adjustment to Policy Reform – A case study of the Australian dairy industry . Rural Industries Research and Development Corporation, 1-87.

Land Commodities. (2014). Emerging market demand for Australian agricultural commodities. Retrieved From: https://www.landcommodities.com/emerging-market-demand-for-australian-agricultural-commodities/

Vitalis, V. (2007). Agricultural subsidy reform and its implications for sustainable development: the New Zealand experience. Environmental Sciences, 4(1), 21-40.

OR

Cite This Work

To export a reference to this article please select a referencing stye below:

My Assignment Help. (2018). Economics: Reforms In The Australian Agriculture Industry. Retrieved from https://myassignmenthelp.com/free-samples/economics-reforms-in-the-australian-agriculture-industry.

"Economics: Reforms In The Australian Agriculture Industry." My Assignment Help, 2018, https://myassignmenthelp.com/free-samples/economics-reforms-in-the-australian-agriculture-industry.

My Assignment Help (2018) Economics: Reforms In The Australian Agriculture Industry [Online]. Available from: https://myassignmenthelp.com/free-samples/economics-reforms-in-the-australian-agriculture-industry
[Accessed 08 April 2020].

My Assignment Help. 'Economics: Reforms In The Australian Agriculture Industry' (My Assignment Help, 2018) <https://myassignmenthelp.com/free-samples/economics-reforms-in-the-australian-agriculture-industry> accessed 08 April 2020.

My Assignment Help. Economics: Reforms In The Australian Agriculture Industry [Internet]. My Assignment Help. 2018 [cited 08 April 2020]. Available from: https://myassignmenthelp.com/free-samples/economics-reforms-in-the-australian-agriculture-industry.


For years now, MyAssignmenthelp.com is providing affordable essay help to millions of students worldwide. Our essay assistance services have helped us in assisting students with even the toughest essay assignments. We take pride in the fact that we cater the best assistance to search terms like help me with my essay. We offer affordable services in the fastest way possible. For our fast delivering services, students trust us with their urgent essay assignment needs. Two of our most popular essay writing services are maths essay help and English essay help.

Latest Economics Samples

ACT301 Accounting Theory And Contemporary Issues

Download : 0 | Pages : 3
  • Course Code: ACT301
  • University: Charles Darwin University
  • Country: Australia

Answers: 1. Substance over Form is viewed as an accounting notion and it implies that the economic substance of transactions and event needs to be recorded in the financial statements of the companies rather than just their legitimate procedure with the aim to present a true and fair view of the financial matters of the business entities. The concept of Substance over Form requires that there is a need for the use of judgments by the preparer...

Read More arrow Tags: Australia Brisbane Management introductory microeconomics James Cook University 

1303AFE Economics For Decision Making 1

Download : 0 | Pages : 6
  • Course Code: 1303AFE
  • University: Griffith University
  • Country: Australia

Answer: The rate of underutilization is the sum of unemployment and underemployment. For this reason, it can be said that the rate of underutilization will be higher compared to the rate of unemployment. Unemployment takes place when a person is actively searching for jobs and is unable to find any job.  Unemployment can be measured by measuring the rate of unemployment where the people who are unemployed are divided by the number of peop...

Read More arrow

ECOASS5 Economics For Business Of Equilibrium

Download : 0 | Pages : 5
  • Course Code: ECOASS5
  • University: Victoria University
  • Country: Australia

Answer: Introduction In this essay, the prospective effect of drought on macroeconomic equilibrium of Australia has been discussed. Drought indicates a dry climatic condition resulted from insufficient rainfall in a specific region. Drought affects an economy by influencing mainly supply side variables. Farms, business and common people are likely to suffer due to drought. Based on intensity the effect of drought might be local, regional or e...

Read More arrow

ECO202 Macroeconomics

Download : 0 | Pages : 5
  • Course Code: ECO202
  • University: Elite Education
  • Country: Australia

Answers: 1. The three main forms of unemployment are structural unemployment, frictional unemployment and cyclical unemployment. The first two represent natural unemployment while the third occurs due a decline in demand during recession. Structural unemployment  The labor market suffers structural unemployment due to a shift in the economic structure creating divergence between skills that workers possess and the skills that employers...

Read More arrow

ECON11026 Principles Of Economics Management

Download : 0 | Pages : 7

Answer: a. In a perfectly competitive market, firms are price taker as none of them can change the market price. New firms can enter into the market without any restrictions and each of them sells similar products. Therefore, each firm possesses a very small portion of the entire market. According to the characteristic of this market, each firm and each consumer has perfect knowledge of others (Cowell, 2018). If one of them change price then ...

Read More arrow
Next
watch

Save Time & improve Grades

Just share your requirements and get customized solutions on time.

question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

1,247,995

Orders

4.9/5

Overall Rating

5,068

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2115 Order Completed

97% Response Time

Kimberley Chen

MPA in Accounting

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

230 Order Completed

97% Response Time

Liya Han

Master Of Science in Geotechnical Engineering (MSc Geotec)

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2279 Order Completed

97% Response Time

Zachary Perez

PhD in Computer Science and Information System

Washington, United States

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

440 Order Completed

99% Response Time

Jack Arens

MBA in HRM

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Good work. it was on topic base, understandable and relevant. Help me to achieve great mark. Really appreciate.

flag

User Id: 78040 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

got assignment completed on time. I had lot of important information and up to the point.

flag

User Id: 299002 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

I was so excited to share my experience. I had Peter help me with assignment. He did and exceptional job that I couldn\'t believe it. I got an A+ PERFECT SCORE! ALL i can say is WOW! THANK YOU.

flag

User Id: 307193 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating

Excellent work from the teacher. I got excellent marks and Assignment help had given the. assignment in the time.

flag

User Id: 213317 - 08 Apr 2020

Australia

student rating student rating student rating student rating student rating
callback request mobile
Have any Query?