Innovation in agricultural technologies is rapidly changing the world's least digitised industry. With agriculture predicted to become a A$100 billion dollar industry over the next decade, the emerging industry at the intersection of technology and agriculture, known as AgTech, is gaining increasing interest and investment globally.The United States Studies Centre (USSC) has been tracking investments in Australian AgTech to benchmark the investment market of this young sector against trends in the United States, and internationally. This is the first time research has been undertaken to analyse the volume, value and make-up of AgTech investment in Australia.
The authors of the USSC's new AgTech report launched the findings of this original research. The Chair of Innovation and Science Australia, Bill Ferris AC, also addressed the event.