The agriculture sector is a significant contributor to Australia’s GDP. To continue as a strong part of the domestic economy, as well as a strong exporter to overseas markets, the sector must be sustainable, socially responsible, innovative and profitable to compete.
Companies operating within this sector need to be prepared to address complex challenges and capitalise on the opportunities that come with working in a dynamic and diverse industry. Australia is home to some of the best primary production regions in the world, boasting world-class safety and environmental credentials and a proven track record of adopting modern technology.
Whether your business is looking to optimise its operations, expand to overseas markets, acquire other businesses in the sector or future-proof against climate-driven risks, you can benefit from our vast expertise in this industry. We work with a diverse range of businesses across the agriculture sector, including:
- Family-owned and run businesses
- Privately-owned businesses
- Wholesale food production and distribution businesses
The agriculture sector not only operates under a dynamic regulatory environment but also faces the continuous challenge of dealing with the harsh realities of the Australian climate. Businesses in this sector must address challenges and capitalise on new opportunities to remain profitable and competitive.
Businesses in this industry must continually drive efficiencies to maintain their margins. Some of the key challenges these businesses face include managing manufacturing costs and inputs, managing soft commodity prices, rising cost pressures including fuel, gas, electricity and water, volumetrics and competition. As an industry that must contend with the challenging realities of the environment, understanding how to manage this risk and prepare for a range of environmental scenarios is also critical.
Businesses that have the right foundations in place now have an opportunity to capitalise on the potential growth that outside capital and expanding to new markets can provide. Further, the changing policy landscape on issues such as medicinal cannabis is providing opportunities for new businesses to establish a presence in domestic and international markets.
Our extensive experience in the agriculture sector includes management accounting, tax planning, outsourced financial controller services, preparation of financial and accounting reports, audit, business advisory, tax planning, IT and systems improvement, and growth and expansion advisory. Whatever your unique challenges and goals, we’re equipped to help.
We offer an independent and commercially based view of performance. Our advisors can help you identify and manage risks and advise on a range of matters from your obligations as an employer to expanding to overseas markets.
As a strong voice for our clients in this sector, we advocate for tax and regulatory changes that impact our clients’ businesses, ensuring you have the support you need across all facets of your organisation.