Australian Agriculture, Forestry and Fishing Support Services Industry: Significance, Challenges, an

Significance of the Australian Agriculture, Forestry and Fishing Support Services Industry to the Australian Economy

a) The significance of the Australian Agriculture, Forestry and Fishing Support Services industryto the Australian economy in general (note: only a discussion similar to Section 2 (including Table1) of the KPMG report is expected).

b) Discuss the challengesthe Australian Agriculture, Forestry and Fishing Support Servicesindustryfaces now and the impact these challenges may have on the Australian Agriculture, Forestry and Fishing Support Services industry in the long term (note: only a discussion is expected).

c) i. Calculate and report the Type I multipliers for all 32 industries. (To equip you for calculating the technology matrix, first watch the video podcast on calculating a technology matrix for a larger economy, that is available under “Assignment help” on Canvas. Also refer to Appendix 3 for a simple explanation using a three-sector economy

ii. Explain the Australian Agriculture, Forestry and Fishing Support Services industry’s Type Imultiplier.

iii. Among the 32 industriesidentified, name two Australian industriesthat are important to the Australian Agriculture, Forestry and Fishing Support Services industry (note: use the technology matrix developed in Part C(i) to make your decisions). Discuss why you think they are important to the Australian Agriculture, Forestry and Fishing Support Services industry (note: only a discussion is expected).

d) Suppose in the latest budget that the Australian Government has declared significant cuts to the transport and support services industry and to the poultry and other livestock industry. In fact, it has decided to cut the external demand for transport and support services by 20% and for the poultry and other livestock industry by 15%. Discuss the impact of this on the Australian Agriculture, Forestry and Fishing Support Services industry. Discuss which industry (outside transport and support services and poultry and other livestock industry and Australia.

e) Climate scientists say there will be winners and losers from climate change. Take China as anexample and discuss in detail whether China will be a winner or loser and how this in turn will impact (positively or negatively) Australian agribusiness sector in the long run.

f) Discuss how climate change can impact Australia’s exports in general. Outline three things you think individual Australians can do to reduce the impact of climate change in Australia.

g) Provide a brief literature review (similar to Table (2) of the KPMG Report) explaining the main findings of at least two research papers relevant to your research report. More references, where appropriate, are welcome.

h) Based on your analysis on the Australian Agriculture, Forestry and Fishing Support Services, provide recommendation(s) to the Australian government (if any)<