The food and agribusiness opportunity in Queensland could be worth almost AUD$43 billion by 2030 in value added, resulting in 176,000 jobs
Taken together, the value of the 19 opportunities assessed in Capturing the Prize for Queensland could be worth AUD$43 billion by 2030, in terms of value added. In perspective, this is nearly four times the current value added by the food and agribusiness sector in Queensland. These opportunities could result in 176,000 jobs, including the creation of 40,645 new jobs - this is around 30 percent higher than the state's food and agribusiness workforce today. On both metrics related to the size of the opportunity – value added and employment – Queensland ranks third among all states and territories in Australia, behind New South Wales and Victoria. Pre-farmgate opportunities constitute over half of potential value added and jobs created. Export markets account for a third of the opportunities, while 38 percent cater to improving production standards and supply chain capacity domestically.