Government can support investment in northern agriculture in three ways

Three valuable roles government could play to support northern development are:

Flexible and agile support for diverse development pathways
For example, a support network that is adaptive enough to identify and provide assistance to investors where their need is greatest, and government has the expertise to assist
Investment sweet spot for insight 2 - diverse development pathways
Assisting investors to avoid those options at high risk of being non-viable
Government can help primarily by providing greater clarity and efficiency in how approvals are processed, and also by providing access to information such as resource assessments
Investment sweet spot for insight - failing fast can be a good outcome
Targeted research, development and extension (RD&E) that addresses the high risks of learning and failing, trialled at a small scale
Well targeted RD&E can help reduce the high risk of failure and contain costs at the small scale while solutions to the challenges of farming in tropical locations are tested and refined
Investment sweet spot for insight - containing risks of failure
Themes
Land
Regions
Northern Territory
Published date
Updated date

This Insight has been used in