Driving investment in the Territory’s agribusiness sector
The Northern Territory Government is fast-tracking sustainable development precincts, to help attract private sector investment in agriculture and aquaculture.
The Territory Government will invest $500,000 to establish a Sustainable Agribusiness Precincts team to develop pastoral and Aboriginal Land in partnership with land owners and stakeholders.
The Territory plays an important role in Australia’s agricultural sector. Each year, local production exceeds $1 billion, and the sector directly employs more than 2400 people across the Territory – many in regional and remote areas.
The creation of the Sustainable Agribusiness Precincts team will help achieve the recommendations of the Territory Economic Reconstruction’s final report.
The team will be made up of five individuals, who will work closely with the newly-appointed Investment Commissioner to advance new opportunities in the sector.
They will also work in partnership with existing agricultural investors to further develop pastoral leases and Aboriginal Land. This will improve international and domestic supply chain access from the Territory.
There are currently three land development opportunities under consideration following an Expression of Interest Process: the Keep Plains, Wildman and Larrimah Agricultural Developments.
The release of these large-scale projects will create more jobs and training opportunities to grow the Territory’s agriculture sector. It will also see the Territory capitalise on the increasing demand for quality Australian produce.
The new team will include existing roles in the department plus three new positions which will be recruited to through a publicly advertised and competitive recruitment process.