Western Sydney farmers to compete in global markets
The lucrative future of the Agribusiness Precinct has been highlighted by a new report into the cost of that favourite table staple - tomatoes.
The report (PDF, 8.8 MB) - commissioned by the Authority - compared the cost of producing tomatoes in a greenhouse in Australia to global market leader, the Netherlands.
It currently costs 52 per cent more to produce a kilogram of greenhouse tomatoes in Australia, putting local producers at a disadvantage when it comes to competing on a global scale.
But the Integrated Intensive Production Hub being planned for the Aerotropolis will reduce this difference to just eight per cent.
It's welcome news for the local industry and confirms the opportunities we will be activating in Western Sydney, via the Aerotropolis.
"Western Sydney can be the next global leader in high-tech farming and smart climate controlled glasshouses, providing jobs for Western Sydney and fresh and value-added food for both domestic and international markets," said Minister for Western Sydney, Stuart Ayres.
The Minister paid a visit to Rossmore and the farm of Bill Lynch – who recognises the opportunities for the future of his family business.
Australia's proximity to Asia provides an additional benefit due to lower transport costs when compared to European producers. In fact, via a supply chain that culminates with the Nancy Bird Walton Airport, we can export food from farm gate to international plate within 36 hours.
Planning of the Agribusiness Precinct is underway, with the first businesses expected to open ahead of the opening of the Western Sydney Airport.
The Integrated Intensive Production Hub – currently planned over 500 hectares - has the potential to create 2500 direct jobs, 12,000 indirect jobs and the capacity to produce 96,000 tonnes of fresh food. This could generate $2.8 billion in additional revenue over a 10 year period.
The Authority is working closely with national and global leaders to plan and design the precinct. Read more about the Agribusiness Precinct here.
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