Food and agribusiness survey
Australia
Respondents expect the Australian Government to undertake regulatory reforms concerning foreign investment in agricultural assets in the near future. Other key reforms highlighted by respondents are a national register of land acquisitions; the lowering of the thresholds after which foreign investment consent is required; and enhanced disclosure requirements for foreign investors seeking to invest in Australia.
There has been a lot of discussion about the so called 'dining boom' – the opportunity for sustained growth of the Australian agribusiness sector driven by a growing Asian middle class.
Respondents are buoyed by the advent of a growing Asian middle class. Some 57 per cent see this as a definite opportunity for sustained growth for the Australian agribusiness sector; a further 29 per cent regard it as a probable reason for growth.
Canada
All Canadian respondents report that they are participating in the regulatory modernisation initiative. This response may reflect the success of the industry consultation initiatives that have taken place in Canada relating to the 'change agenda' of Canadian food regulators.
Canadian respondents find recall outreach useful.
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