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

Regions

Northern Territory

Published date

24 October 2019

Updated date

24 October 2019