The Australian agriculture sector has increased its investment in research and development (R&D) over the past ten years, contributing to growth in the productivity, competitiveness and sustainability of Australian farms.
Executive Director of ABARES Dr Jared Greenville said the rise in funding was a welcome sign for agricultural sector.
“Total agricultural R&D funding in 2020-21 was $2.20 billion, with an average annual growth rate of 4.35% from 2011-12 to 2020-21,” Dr Greenville said.
According to Dr Greenville, private sector funding has been growing at a faster rate than public…
