Reforms in Australian Agriculture Industry †MyAssignmenthelp.com

Question: Discuss about the Reforms in Australian Agriculture Industry. Answer: Introduction The aim of the report is to analyze on the reforms in the agriculture industry in Australia. Australia is one of the biggest agricultural manufacturer and exporter in the globe. This sector contributes to about 12% share in total GDP of the economy. Australia manufactures wide diversity of primary goods including wheat, wool, barley and vegetables for domestic utilization and export (Lereboullet et al. 2013). Australias mixed cropping system of production has facilitated the farmers to be more versatile in the world. This study also highlights on the reason behind the interest of government and agricultural entities. It also explains about how the advancement of Internet of Things (IoT) changes Australias agricultural industry. Further, recommendations to policyholders are also discussed in this report. Reason behind the interest of government agencies and agriculture organizations The agriculture sector of Australia consists of vast industries and gains comparative advantage in broadacre agriculture. Both the horticulture and broadacre industries contribute to 54% and `16% of gross production value. Australia has the capability to create opportunities for the farmers through improvement in productivity level (Robertson et al. 2012). Innovation of new technologies is one of the major drivers of productivity growth and cost reduction in the economy. High growth in productivity has facilitated the farm to maintain its profitability even in declining phase and improved their output growth. The government agencies and agricultural organizations in the industry are mainly interested in knowing the influence of new immigrant in this sector. Australias government agencies also refine new policies in order to attract and retain more farmer immigrants over the next few decades. Reforms in Australian agriculture industry Over the past few decade, this nation has experienced reforms in both economic as well as policy within the farms operation (Hunt et al. 2012). The agricultural industries has been exposed to the international competition that aimed to raise the living standards of the farmers by promoting organizational change and increasing productivity. The agricultural reforms in Australia occurred during the initiation of economic reforms of other countries. The changes occurred in these industries include phased tariff reduction and different protection measures imposed by the government. However, these two changes aimed to raise market force resilience and removes barrier in efficient product marketing. The government also manages risk of biosecurity involving inspection of import goods during the entry to the nation (Fuglie 2012). They also introduced many drought programs for helping farmers manage challenging situation during drought. The reforms in this industry took place through financia l counseling advice given to the farmers during their financial hardships. In addition, innovation of new technology and advancement of Internet of Things(IoT) have been applied in the production and marketing product process. IoT led to smart farming that explains about the implementation of digital technologies in farms augmented their decisions. The farmers of broadacre have adopted worldwide positioning in their tractors in order to decline soil compaction. Moreover, the carbon farming proposal is also initiated by the government for enhancing productivity and attaining economic advantage by lowering emission of greenhouse gas (Dahl et al. 2013). All these changes in agricultural sectors increases the nations productivity and improved economic performance.igure 1: Value of agricultural products in Australia Recommendations to policyholders Though Australian government has imposed many policy reforms for improving the productivity growth, they need to concentrate in few areas for facilitating farmers managing risk. These are: The policyholders are suggested to hold up rural counseling programs and give funds to few groups including Rural Alive on permanent basis (Asseng and Pannell 2013). It is also recommended that the government must focus on the farmers decision making procedure and adaption programs according to the framers preference and needs. The key holders must respond to agriculture issues and endow research funding into key areas that includes- sequestration of soil carbon, landscape planning, efficiency of water utility and soil stabilization process Australian government are also suggested to invest more in this sector and support energy efficiency research. Further, the policyholders must implement more measures for mitigating greenhouse gas emissions(Regulations 2013). Conclusion It is concluded from the above report that new immigrants has helped the economy to reduce labor deficiency and adding innovative insight. Moreover, advancement of digital technologies has increases the efficiency of farmers in their job and thus increasing productivity. The farmers also achieved higher labor regulation flexibility from the adoption of government programs. Furthermore, the prevailing market conditions has brought new challenges to the farmers. Thereby, facing these challenges widened the farmers option and improved their standard of living. References Asseng, S. and Pannell, D.J., 2013. Adapting dryland agriculture to climate change: Farming implications and research and development needs in Western Australia.Climatic change,118(2), pp.167-181. Dahl, A., Leith, R. and Gray, E., 2013. Productivity in the broadacre and dairy industries.Agricultural commodities,3(1), p.200. Fuglie, K.O., 2012. 16 Productivity Growth and Technology Capital in the Global Agricultural Economy.Productivity growth in agriculture: An international perspective, p.335. Fuglie, K.O., Wang, S.L. and Ball, V.E. eds., 2012.Productivity growth in agriculture: an international perspective. CABI. Hunt, W., Birch, C., Coutts, J. and Vanclay, F., 2012. The many turnings of agricultural extension in Australia.The Journal of Agricultural Education and Extension,18(1), pp.9-26. Lereboullet, A.L., Beltrando, G. and Bardsley, D.K., 2013. 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