Article by: Hari Yellina (Orchard Tech)
It is a known fact that agriculture is a significant aspect of the Australian economy. In fact, one of the biggest aspects is the cycles in commodity prices that have played a major role in deciding how the economic conditions are shaped in the nation. It is little known that the largest ups and downs have been witnessed in commodity prices. Another one of these aspects is the fact the general trend has been one that is in decline for the last 20 years. The downward trend along with increasing input costs have made producers extremely conscious. They have greatly encouraged these producers to tighten their socks and become more efficient.
Additionally, farm industries are also picking up products that are essentially attractive to consumers. Not only this, but they have also attempted to analyse the ever-changing need of the customers as well. In fact, producers are now involving themselves in the downstream processing of agricultural products and establishing more effective links between producers and consumers. These aspects have fuelled the Australian agricultural sector towards immense success.
One of the other aspects that have proven to be a game-changer in the world of agriculture is hydroponics. In fact, growing vegetables hydroponically has a high success rate in the nation. Since the majority of Australia’s population belongs to the middle class, they are extremely conscious about their health. Not only do they possess the disposable income for safe and healthy products, but they also are willing to spend this amount to improve their health conditions. Large retailers are concerned about the environment and safe food. They know consumers want to eat food that tastes good and is grown in a biological fashion, with very low chemical inputs.