Greener Pastures 2 is part of a broader series of industry reports developed by ANZ and aims to support conversations around opportunities for Australian agriculture, to ensure ongoing growth and prosperity for the sector for decades to come.
In 2012, ANZ published “Greener Pastures: The Global Soft Commodity Opportunity for Australia and New Zealand” (GP1). This pivotal publication utilised extensive industry modelling and analysis to forecast a number of major drivers for Australia’s agricultural sectors for decades to come. In particular, GP1 modelled and forecast the different scenarios for the uptake in demand for agricultural products and the share of this which could potentially be filled by Australian exports.
The report identified the scale of capital required to achieve this potential, in terms of farm purchases, infrastructure development and supply chain enhancement. Policy recommendations were identified, aimed at enhancing the functionality of Australian agriculture.
A decade on from the release of GP1, this report, Greener Pastures 2 aims to serve two purposes:
Provide a reflection on the predictions made in GP1 for Australian agriculture through the 2010s, highlighting the results compared to predictions, and the lessons from this period.
Promote five key themes that are central to building on recent momentum – the impact of capital flows, green technology, sustainability practices, enhanced trade flows, and greater industry cohesion.
These five aspects of agribusiness are increasingly interlinked in what is an exciting yet complex outlook.
Greener Pastures 2 aims to generate vital questions and enhance industry discussions, in an effort to give Australian agriculture the best chance of reaching its full potential.
Shayne ElliottChief Executive Officer – ANZ
