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ARTICLE · 11 JUNE 2020

The future of AgTech: Venture capital and RDCs

McCullough Robertson
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Innovation in technology could make a considerable contribution to the future of the Australian agricultural sector.

AustraliaReal Estate and Construction
Peter Williams
Peter Williams
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Australia is a global leader in agricultural production and agriculture is a cornerstone of the Australian economy. The agricultural sector's contribution to the Australian economy and society are not limited to the food we eat, the clothes we wear, or the $60+ billion in farm-gate output per year, but extends to the stewardship of over 4,331 hectares of agricultural land - the second largest agricultural area in the world.

But we can't rest on our laurels lest we be left behind. Advancing Australia's agricultural industry depends on targeted and practical innovation to improve productivity and build resilience in the industry.

Role of AgTech

For such an important contributor to the economy, the agricultural sector is generally considered one of the least digitised industries. Innovation in agricultural technology (AgTech) has the potential to make a considerable contribution to the future of the Australian agricultural sector and the goal of making it a $100

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