Australian farmers have warned that the country’s trade dispute with China and supply chain disruptions linked to the coronavirus pandemic will cost the industry $28bn over the next decade.
In a pre-budget submission published on Friday, the National Farmers’ Federation appealed to the government to invest A$3.5bn (US$2.66bn) to support a trade strategy aimed at diversifying the nation’s export markets and improving supply chains.
The industry’s goal of boosting the annual value of farm production to A$100bn by 2030 will be “severely challenged” by trade disruptions unless more support can be provided by Canberra, it warned.
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