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Global Agribusiness Survey 2017

Global Agribusiness Survey 2017

The fifth annual KPMG agribusiness survey report captures the views of leading global agribusinesses to understand the mood of the sector on a wide range of issues.

Paul McDonald

Partner, Audit, Assurance & Risk Consulting

KPMG Australia


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Our survey highlights both the optimism about the future and the realisation that there will be a significant effort involved in innovation, developing personnel, sourcing finance and above all meeting the needs of customers - if organisations are to win.

We are in a time of unprecedented change and disruption and it is critical therefore that we, as participants in the industry, do what we can to ensure success. We must challenge the Government, and the Government must challenge itself – to create the right environment for agribusiness to succeed. Changes to support business must be made, and made without delay.

But Governments don’t develop new products, create new product systems and win new customers. The onus is on our agribusinesses – large and small – to embrace change and find new ways to win.

Key findings

  • Price volatility and trade agreements remained the top two biggest challenges facing agribusinesses in the next 10 years.
  • Most companies regarded access to export markets as the key area that, if addressed by Government, would benefit their business.
  • 91 percent of companies expected to grow with 29 percent saying they would grow by more than 5 percent.
  • 42 percent of companies are focusing their R&D spend on production and process improvements, while 29 percent plan to invest in new product development.
  • The greatest challenges to driving innovation were identified as people, corporate culture and a lack of ownership of the full value chain.
  • The main reason for driving sustainability is to add value and improve their brand and reputation.
  • The majority of businesses are confident and investing to grow with an increased share of investment planned for capital projects compared with 2016 (63 percent).

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