Farming & Agribusiness
It is estimated that the total value of Queensland’s primary industries commodities for 2014-2015 is approximately $15 billion.
There are over 30,000 businesses carrying out primary production in Queensland. Quality, amount of variety, marketing, innovation and skilled management are all attributes which have made Queensland Agribusinesses industry world leaders.
Agricultural industry includes:
Livestock & livestock products
Fruit, vegetables & nuts
Landscaping, nursery & horticultural services
Commercial fishing, aquaculture
Forestry & logging
What we do for this industry
While we provide taxation compliance based services such as income tax, GST, land tax & pay roll tax, we also can assist with:
Managing cash flow & budgeting in more varied environmental conditions
Spreading risk by offering solutions for off-farm income by way of financial planning and superannuation
Assistance with obtaining financial subsidies and rebates including QRAA & Centrelink.
Assistance with obtaining finance or exploring refinancing options
Challenges & Opportunities
The most significant challenges faced by those in the industry are environmental in nature. While this has always been the case, in recent years, droughts, natural disasters & the effects of climate change have seen additional stress on the primary production industry.
Finance and changes in market size, profitability and competition (often global competition) has influenced product decisions and equipment hire / sales. The increase in the average age of Australian farmers to 52 (12 years above the national average for other occupations) and the labour shortage that the industry faces, places stress on families answering the question of “How do I retire, sell and/or handover”?
While there are challenges facing this sector, there are also opportunities for business development in exploring market niches such as the production for specialty crops or export markets like South East Asia and providing management services overseas.