Acting Executive Director of ABARES David Galeano said while this figure was slightly lower than the previous year’s $2.35 billion, it demonstrated the sustained commitment to increasing agricultural technology and knowledge.
“This report reveals that the average annual growth rate in total Australian agricultural R&D funding from 2013-14 to 2022-23 was 2.01%,” Mr Galeano said.
“In acknowledging the role of R&D investment as a key policy area supporting productivity, the report underscores the collective efforts of State and Commonwealth governments, universities, and industry…
