Hon Troy Buswell BEc MLA

Hon Troy Buswell BEc MLA

Former Treasurer; Minister for Transport

Hon Ken Baston MLC

Hon Ken Baston MLC

Former Minister for Agriculture and Food; Fisheries

Hon Brendon Grylls MLA

Hon Brendon Grylls MLA

Former Minister for Housing; Racing and Gaming

Hon Terry Redman MLA

Hon Terry Redman MLA

Former Minister for Regional Development; Lands; Minister Assisting the Minister for State Development

    State Budget 2013-14: Securing our economic future - Seizing opportunities in agriculture

    9/08/2013 12:00 AM
     
    • State Government’s Royalties for Regions supporting WA agriculture
    • $297.5million to help agricultural sector tap world demand
    • Funding for beef centre in the West Kimberley
    • Funding for sheep centre at Katanning
    • Funding for technology to help farmers manage seasonal risks

    The State Government will deliver on key commitments in agriculture with $297.5million over four years to help Western Australia's agriculture and food sector to capture market opportunities in Asia.

     

    Treasurer Troy Buswell said funding outlined in the 2013-14 State Budget would provide a transformational program that would deliver priority projects in agriculture.

     

    “This is a landmark initiative that provides $297.5million to ensure our agricultural sector is positioned to capitalise on the growing global demand for food and agricultural products - much of it right on our doorstep,” Mr Buswell said.

     

    “The program will focus on short and medium-term strategies to assist WA businesses to capture the opportunities presented in Asia, the Middle East and other new markets - markets that need to secure food supplies for their population.”

     

    Agriculture and Food Minister Ken Baston said 60 per cent of the world’s population was in the same time zone as WA, which made the State well placed to capitalise on demand from Asia’s rapidly expanding middle class.

     

    “There’s never been greater opportunity for our agriculture and food sectors to secure new markets and increase productivity and profitability,” Mr Baston said.

     

    “This funding will help to promote local products and attract new investment in agriculture, as well as build business skills, research and development and create efficient supply chains.”

     

    Regional Development Minister Brendon Grylls said the State Government’s Royalties for Regions investment in agriculture would help unlock the potential of the sector by providing pathways for private sector capital.

     

    “There are huge opportunities for Australian agriculture, and through this unprecedented package we hope to provide the industry with the skills and resources they need to attract investment and capitalise on Asia’s growing demand for food,” Mr Grylls said.

     

    “Just as strategic government investment in the resources sector has underpinned economic growth in WA, this package aims to drive similar opportunities for agriculture.

     

    “This package is an important stimulus for agricultural businesses and will support them as they present products and opportunities to markets and investors.”

     

    The Government’s boost to the sector will include funding for a northern beef industry development centre in the West Kimberley, a sheep industry innovation centre at Katanning and a State-wide Water for Food irrigation development program.

     

    Training and Workforce Development Minister Terry Redman said a further investment of $85million from Royalties for Regions in the 2013-14 State Budget would help to build a strong regional workforce.

     

    “A well-resourced and responsive training and workforce development sector is vital to support the continued growth of regional WA, in particular our agricultural sector, and this Government will continue to invest in training opportunities,” Mr Redman said.

     

    Mr Baston said the funding package aimed at improving the long-term profitability of the agriculture and food sector.

     

    “Technology and techniques to address rainfall variability and frost will also be developed and implemented to help grain growers better manage seasonal risks,” Mr Baston said.

     

    “This level of investment highlights the great confidence the Government places in the future of agriculture in this State.”

     

    This State Government initiative is making investment more attractive and is building on the vision to broaden the economy and capitalise on WA’s natural advantages.

     

            Fact File

    • $297.5million from Royalties for Regions for the ‘Seizing the Opportunity’ initiative reflects unprecedented State Government investment in agriculture
    • This builds on the State Government’s existing investment in agriculture, including $311million Ord Expansion Project; $30million Australian Export Grains Innovation Centre; $10million for Muresk; and $178million investment in upgrading road and rail infrastructure in the Wheatbelt
    • The State Government’s Royalties for Regions program invests about $1billion each year in infrastructure and services in regional WA
    • WA Budget statements are available at http://ourstatebudget.wa.gov.au

    Treasurer’s office - 6552 6400

    Agriculture and Food Minister’s office - 6552 5400

    Regional Development Minister’s office - 6552 5500

    Training and Workforce Development Minister’s office - 6552 6700