Our recent research into agribusiness investors, conducted in partnership with Acuris, pointed to the strength and opportunity in Australia's AU$60 billion agribusiness sector.

COVID-19 highlights the promise of this sector even further, as the global demand for high quality produce increases. A focus on national food security in the wake of short-term product shortages as a result of 'panic buying' has driven a higher demand for Australia's agricultural products – which are perceived by respondents as having sound food and safety standards, and clean and green initiatives.

The Australian Department of Agriculture, Water and the Environment projects that the Australian agribusiness sector will grow to AU$100 billion by 2030.”

Australia's top advantages in agribusiness

Our research identifies what respondents feel are Australia's top advantages in the long term:

• Good infrastructure
• Political and legal stability
• Government support
• Free Trade Agreements.

On top of this, in its commitment to fast-track infrastructure projects through the AU$1 billion Relief and Recovery Fund, the federal government identified agriculture as an important sector to support.

What makes Australia attractive for investments into agribusiness?

Medical cannabis is identified as the top opportunity sector in our research, with 85% of respondents saying it presented the greatest potential and lowest risk as an investment by sub-sector.

Agtech will shape the industry

68% of respondents in our report say that agtech will be the second-greatest opportunity shaping the industry. Technology is key to Australian farmers' ability to make do with scarce resources.

Which three innovations will have the greatest impact on Australian agribusiness in the next 12 months?