Demand for Agriculture
Every year there are 80 million new mouths to feed. The United Nations estimates that by the year 2030, demand for agricultural products will be around 60% higher than 2002 levels. The soaring global population, with projections of 9.3 billion people by year 2050 from 6.3 billion in 2004, predominantly driven by population growth in Asia, Africa and Latin America, combined with the rising income levels in major developing economies of China, India and Brazil which in turn is creating an increase in annual protein intake, is expected to put further pressure on resources such as land, water, energy and biological assets to feed the world’s population.
All of these factors are the drivers for growth in the Agriculture sector.
The Australian mining boom is over and agriculture is to take its place through innovative business and finance structures.