National food plan could mean increased interest in rural property
A white paper that will establish the vision for Australia's farming market sector as a sustainable and resilient industry has been announced by the federal government.
Minister for agriculture, fisheries and forestry Joe Ludwig said that it was important to ensure that the nation has access to a food supply is both nutritious and affordable in the future.
Ludwig asserted: "We need to be ready to meet emerging risks and opportunities such as a changing global food market, population growth and climate change.
"The development of Australia's first ever National Food Plan will ensure we are ready to meet these challenges and maximise our opportunities over the decades to come."
This document details the factors that are considered to be important in developing a healthy agricultural industry, including supporting the sustainability of the food supply chain over the long term.
While the green paper has yet to be developed, it could prove to have a long-term impact on the viability of rural properties as an investment - with the potential for government subsidies and sponsorship lending a powerful incentive to savvy buyers.
The next step in the National Food Plan will be to consult with industry representatives and economic experts on the industry factors that may need addressing in the future.