Australian Private-Sector Investment in Australian and International Agriculture
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It is easy to assume that the public sector dominates
assistance to smallholders in the developing
world, including in the provision of research and
development. These proceedings have illustrated
that this is not always the case and that the private
sector can and needs to be engaged, even in
early stages of agricultural development. In Australia,
private-sector investment is low relative to
that in many other developed countries. However,
over the past two decades we have seen an
increase in that investment through a variety of
means, including the growth of rural research and
development corporations and more recently, in
public–private partnerships in plant breeding. This
increase has enabled public-sector investment to
shift to tackle emerging challenges for the agricultural
sector. Both domestically and internationally,
these new models of collaboration between the
public and private sector are reframing agricultural
research.