Agricultural Reform Free-Samples for Students-Myassignmenthelp

Question: Discuss about the Reforms in Education, Meat, Agriculture and Tourism Industries in Australia. Answer: Introduction Predominantly, Agriculture is a significant industry globally. Primarily, agriculture is a food and employment industry. Further,Agriculture contributes substantially to the gross domestic product of Australia.Majorly, this article highlights the various setbacks likely to be encountered in the agricultural industry(Guest obsever,2015)Notably, the author of this piece is a guest observer focused on the challenges likely to face the agricultural industry,globally and nationally.Primarily,focus is on demand of agricultural products,economic status ,consumer choice,Technological advancements and agriculture as a risky venture. According to the Guest author Agriculture is likely to improve livelihoods of most people thus influencing future consumer choices.Further,the author highlights the technological advancements in agriculture as a future challenge.Moreover,demand of agricultural products is also a potential future challenge in the agricultural sector.Agriculture is considered an income generating activity that raises income thus the likelihood of making farmers wealthier.Australian agriculture is considered risky due to climatic and environmental concerns and the generalglobal economy. Economic Concepts and Analysis of the article. Notably,demand is a fundamental part of the economy.Primarily,aggregate demand of any product or service also depends on its demand which is fueled by the size of its consumers.Population growth influences demand in that few people require relatively lower supply as opposed to a growing population which will trigger an increase in the demand and subsequently supply chain .Thus, world population growth and Australian population growth will trigger increase in the aggregate demand of agricultural products hence the need to produce and supply more products(Guest Observer,2015) Further,Agriculture is a source of income thus a creator of employment opportunities .Simply, income implies revenue for both farmers and the government. Diversification of agricultural products will be crucial due to the possible change in tastes and preferences consumers brought about by increased income .Better living standards are likely to trigger consumers to seek quality and not just affordable produce. Furthermore, consumer choice has a lot to deal with a person s economic status. Wealthy persons choose quality and luxurious produce whereas poor persons survive on affordable produce which might not always be of good quality. Similarly , easy accessibility of information and technology of the agricultural industry will trigger better consumer choice. Moreover, validation of produce information through information and technology system are likely to influence consumer choice of produce hence a significant technological advancement In the Agricultural industry(Guest observer,2015)Innovation has made information about agricultural products easy to validate thus making it easy for consumer to choose products made of what they are looking for.Moreover,this is a measure to protect consumers from making bad choices. Significantly,technologiacal advancement s have been developed in most sectors of todays economy and agriculture is no exception.Primarily,advancement have been made in the genetics,scientific material boosting the agricultural sector.Predominately,these advancements have been propelled by research and development institutions globally and in Australia.The Australian Government has substantial investment in Agricultural research and development which has propelled innovation and productivity levels in agriculture(Williamson,Ragnaill,Douglas et.al,2015) Notably, Australia s expenditure on research and development is recorded at 2% of its gross domestic product with a figure of only 8 workers in 1000 working in research and development(The conversation,2012)Further, Australian agriculture sector isnt one of the four largest spenders of research and development hence the need for more expenditure and employees in the research and development sector.Further, agriculture as an employer helps to reduce poverty levels among the population through sale of produce and materials thus the need to maintain stable economic condition,agricultural and storage infrastructure(Godoy and Dewbie, 2010) Also ,further funding and investment should be invested into technological advancements of the agricultural sector. Easy availability of credit facilities for agri-business institutions and tax incentives have the power to encourage further technological advancements and improvements which in turn boosts the quality of agricultural produce ,provide employment opportunities and improve livelihoods of the Australian population. Recommendations Further, the government of Australia has incorporated budgetary policies with an aim of maintaining aggregate demand for agricultural produce because demand management policie influenceds government revenue status which in turn affects demand and supply trends for all products and services in any economy.Stabliser have been incorporated into the budget to help sustain favorable economic conditions thus affecting demand and supply cycles(Wiley,)Automatic and discretionary stabilisers have been implored in Australia. Notably,research and development is crucial to increase productivity,competitivenesss and profitability in all sectoral areas of agriculture thus the need for substantial investment.Investment can be both private and government oriented.Notewirthy,the Australian government has set aside $190.5m for research and development(Department of agriculture and water resources,n.d)Also ,reduction of poverty can be reduced through creation of more agri-based employment opportunities.This can be done through largescale farming,affordable agricultural inputs,proper infrastructure and standard infrastructure. Also,information and technology consumer systems providing product information is an innovative step in agriculture.However,lack of proper innovation policies have slowed down efficiency of these consumer based information systems(Green and Hamilton,2015)Thus the need for more policy formulation and implantation by the Australian government.Moreover,there s need for proper and timely allocation and incentives for investments into consumer based information system to enable healthier and quality products for consumers. Regarding technology continuous adaptation and innovation will help combat future agricultural changes(Langridge ,Cordell et.al,2014) Hence the need for more financial resources to be invested into the innovation sector.Further,expansion of innovative centers can also boost and mitigate technological changes and in the process promote productivity,efficiency and overall competitiveness in its agricultural products and services.Technology has been able to produce competitive quality produce which makes exportation markets very easy to find thus increaseing revenue for Australia s economy. Conclusion. Predominantly,proper funding or investment in agriculture opens up more possibilities for more production volumes,quality produce,proper infrastructure and proper storage facilities for agricultural produce hence the importance of proper funding.Further,continuous research and development activities have brought about efficiency ,quality and productivity in agricultural products hence boosting the marketability chances of agricultural produce to the global market.In addition,innovation centres and research and development iniatiatives have provided employment opprotunities hence improving the living standards of part of the population . However,policy formulation and implementation of innovative activities have been frustrated by improper and delayed procedures put in place by the Government of Australia.Further,inadequate funding and investments in the innovation sector of agriculture has continued to drag agricultural progress hence the need to mitigate these factors by private stake holders and the government of Australia. References Aggregate demand policies and domestic economic stability.Wiley.[Online]Available at https://www.wiley.com/legacy/Australia/PageProofs/c04AggregateDemandPoliciesAndDomestimicStability_web.pdf[Accessed 24 Apr.2017] ] Department of Agriculture and Water Resources.(n.d.)Research and Innovation.Australian Government.[Online]Available at https://www.agriculture.gov.au/ag-farm-food/innovation[Accessed 24 Apr.2017] Green,R and Howard,H.(2015)National Reform Summit:How can we ensure Australia remains an innovative nation?The conversation.[Online]Available at https://theconversation.com/national-reform-summit-how-can-we-ensure-australia-remains-an-innovative-nation-46630[Accessed 24 Apr.2017] Godoy,C.D.,Dewbre,J.(2010)Economic importance of Agriculture for poverty ReductionOecd,Food,Agriculture and Fisheries Working paper.Organisation for Economic C operation and Dvelopment.Available at https://www.oecd.org/tad/44804637.pdf[Accessed 24 Apr.2017] Langridge, P ,Cordell, D and Docchio.(2014)Agriculture in Australia :Growing more than our farming future. The Conversation.[Online]Available at https://theconversation.com/agriculture-in-australia-growing-more-than-our-farming-future-22843[Accessed 24 Apr 2017] PropertyObserver.(2015)Five future Challenges for Australian Agriculture.[Online]Property Observer.Available at https://www.propertyobserver.com.au/forward-planning/advice-and-hot-topics/45186-five-future-challenges-for-australian-agriculture.html[Accessed 24 Apr 2017] The conversation.(2012)Australian R D Measures up globally,..But what does it mean Globally? The Conversation.[Online]Available at https://theconversation.com/australian-randd-measures-up-globally-but-what-does-that-really-mean-7085[Accessed 24 Apr 2017.] Willliamson, R., Ragnaill., M and Douglas,K et.al.(2015)Technology and Australia s Future. Australian College for Learned Academics.[Online]Available at https://acola.org.au/wp/PDF/SAF05/SAF05_Report_web_17Sept.pdf[Accessed 24 Apr.2017]