Analysis of the estimated economic impact on Australia’s agricultural sector of ubiquitous access to high-speed broadband services.
New analysis by the Bureau of Communications, Arts and Regional Research (BCARR) estimates that access to ubiquitous high-speed broadband will have a substantial economic impact on Australia's agricultural sector, projecting an additional economic benefit of $3 billion to 10.6 billion per year by 2030.
For the first time, many regions that support agriculture, forestry and fishing now have access to reliable, high-speed broadband services through the National Broadband Network. This new access supports new technologies and applications that were previously not possible, particularly in regional areas, and will help to enhance productivity while reducing costs.
Ubiquitous high-speed broadband also opens up farmers and enterprises to new global markets and directly contributes to the ongoing digital transformation of the Australian economy.
This paper is the first of a series the BCARR will publish on the benefits of ubiquitous high-speed broadband to important sectors. Future areas of analysis include education and health.