Horticulture – the big picture Max Foster Economist ABARES

Overview Nature of Australian horticulture Financial performance Future prospects –world horticulture trends –challenges

Value of horticulture, by climate zone,

Value shares of horticulture Average, three years to

Gross value of production

Fresh fruit, nut and vegetable imports Subject to strict quarantine measures Main sources United States and New Zealand But other countries gaining market access

Net export value

Australian horticulture Financial performance

Financial performance of vegetable farms average per farm %$’000

Estimated returns per hectare Irrigation farms, Murray-Darling Basin,

Australian horticulture Future prospects

World food consumption growth versus

Value of world fruit, nut and vegetable exports

Gross value of horticultural production, Australia

Challenges Strong Australian dollar Labour shortages Water market reforms

Australian horticulture The big picture Large and growing industry Strong demand growth prospects Challenges –Australian dollar, labour shortages