2020 Federal Budget: What’s in it for agribusiness?
26 October 2020
The Federal Government has a vision to lift the value of Australia’s agricultural production to $100 billion by 2030, and the 2020 Federal Budget allocated funding to key pillars to support this growth.
Several measures were announced to bolster the ranks of on-farm workers in the absence of new working holidaymakers, increase funding for the drought preparedness program, and provide cash for critical infrastructure projects – all of which should improve the sector’s sustainability, competitiveness and efficiency.
BDO’s Andrew Jones teamed up with Agribusiness Australia to provide an overview of the budget measures, and what they mean for the industry.
WATCH THE WEBINAR
If you would like to discuss the measures and how they apply to your situation, please contact one of our Food & Agribusiness experts.
Touted as the most significant Federal Budget in decades, the Government’s 2020 delivery sets the scene for a slow climb back to surplus and out of the first recession in almost 30 years. This will be no soft-pedal event, but a back-to-basics focus on boosting the economy. It is definitely time to ‘get back on the bike’ and start the journey towards recovery.
Visit our 2020 Federal Budget page to discover our in-depth analysis and what the budget means for you and/or your organisation.