Super funds should invest in farms

Meanwhile, in a bid to develop closer ties in some key Victorian agricultural export markets, Mr Walsh announced that should it win the November state election, the Coalition would hire three food and beverage trade specialists, to be based in Japan, Thailand and the Middle East, a move immediately welcomed by the Victorian Farmers Federation.

Australian superannuation fund managers should “show some leadership” and invest in agriculture, says Victorian Agriculture Minister Peter Walsh.

Food bowl: MP Peter Walsh believes Victorian agriculture can become “Asia‘s high-end deli”.

Brent Finlay, president of the National Farmers’ Federation, joined Mr Walsh in encouraging super funds to invest in agriculture.

Mr Walsh said capital investment would help Victoria significantly increase food and fibre production and that would come from a mix of sources, including domestic and foreign money.

The recent Victorian Food and Fibre Export Performance Report revealed that the state’s food and fibre exports were valued at a record $11. 4 billion in 2013-14, a 12 per cent jump on the previous year.

Read more here: SMH

    

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