The initiative 'Feeding Australia' will receive AUD 3.5 million (approximately USD 2.24 million), from the Australian Government.
Adobe Stock
A re-elected Albanese Labor Government will develop a new national food security strategy to strengthen the security and resilience of the supply chain in Australia's agriculture and food production systems.
Feeding Australia, which will receive AUD 3.5 million (approximately USD 2.24 million) from the Government, will focus on addressing global supply and demand pressures, climate change, and other risks faced by farmers and other stakeholders in the food supply chain.
In addition, the Government will explore the option of developing a biofuels feedstock industry to support Australia's transition to net-zero emissions. Finally, a National Food Council will be established to advise on strategy development and implementation.
"The Albanese Labor Government will protect and strengthen Australia's food security for the benefit of our farmers and all Australians, as well as the trading partners that rely on our produce," Minister for Agriculture, Fisheries and Forestry, Julie Collins MP assured.
The Albanese Labor Government confirmed investing AUD 28 million (approximately USD 18.4 million) in improving water quality and environmental conditions at Macquarie Harbour for a more sustainable salmon industry.
This initiative aims to improve and scale up oxygenation in Macquarie Harbour, promote breeding programs, and develop monitoring of the species and the environment, as well as compliance and community engagement.
According to the latest edition of the Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Australian Fisheries and Aquaculture Statistics, driven by the increase in salmonid value, aquaculture's share of total Australian fisheries and aquaculture gross value production in 2021-22 was 56%.
