Agriculture is a significant contributor to the Australian economy, accounting for about 11.6% of goods and services exports, 2.4% of the country’s GDP and employing approximately 2.5% of the population for the financial year 2021 – 2022. The Banx Agricultural investment strategy hopes to help local communities. boost productivity, create employment opportunities, and increase exports, thereby generating income and long term growth.
Food Security
With a growing global population and changing consumption patterns, there is an increasing demand for food. Agricultural investment can help ensure that Australia can produce enough food to meet domestic demand and export to other countries, thereby enhancing food security.
Environmental Sustainability
Agricultural investment can help promote sustainable farming practices that preserve the environment and natural resources for future generations. It can also facilitate research and development of new technologies that improve the efficiency of farming operations, reduce waste, and mitigate the impact of climate change.
Innovation and Technology
Agriculture is a dynamic sector that relies on innovation and technology to remain competitive. Agricultural investment can support research and development of new technologies, such as precision agriculture, biotechnology, and automation, which can help improve yields, reduce costs, and enhance food safety.
Banx is looking for innovative ways to invest in Australian agriculture as it is critical for the country’s economic growth, food security, environmental sustainability, and technological innovation.