DAFWA is leading Agrifood 2025+ – an initiative which aims to double the real-term value of sales from WA’s agrifood sector between 2013 and 2025.
It supports the state government’s goal to broaden the base of the state’s economy.
Industry and government agree that the agrifood sector has the potential to contribute more to the state’s economy, with its farming business potential yet to be fully realised due to limited demand. An increasingly prosperous Asia, coupled with rapid worldwide population growth, is now starting to provide the buying power needed to make that development viable.
Our department brought key industry leaders together to identify and prioritise the drivers that will likely shape the sector’s future to 2025 and the conditions needed for it to prosper.
Meeting the 2025 target is going to take a considerable and concerted effort. This will include the development and application of appropriate business models, novel and better-targeted products; and a focus on larger and more demanding markets.
Success will also depend on agrifood businesses becoming more attractive to investors, with more efficient supply chains; increased business skills and more appropriate business models; more strategic linkages between market needs and production; and a better targeted innovation system.
Agrifood 2025+ is closely linked to the state government’s Royalties for Regions initiative.
Evidence supporting the Agrifood 2025+ goal
We know that the Western Australian agrifood sector has the potential to double the value of its sales between 2013 and 2025.
The Agrifood 2025+: the opportunity for Western Australia infographic (available in PDF and Word versions) explains the key evidence that supports this target and what can be done to realise the opportunity.
The Agrifood 2025+ target was aspirational when it was set by government and industry. However, recent evidence shows that a doubling of the value of sales can be achieved and we have an increased understanding of how to do that.
This is informing DAFWA’s strategic direction and other planning.