Townsville Enterprise Limited and the North Queensland Regional Organisation of Councils (NQ ROC) (Townsville, Hinchinbrook, Charters Towers, the Burdekin and Palm Island) have identified the need for collective industry action on transforming North Queensland’s agriculture, production, infrastructure and export sectors to meet existing and future international market demands. There is significant need for a long-term regional investment strategy and a multi-industry agreement to meet these demands.
A strong market outlook driven by Asia’s rapidly growing middle class and numerous regional development options currently under consideration make agriculture an exciting growth sector for Townsville North Queensland.
The opportunity exists to identify the key products and markets that our primary producers should target in order to maximise future return on investment and consolidate Australia’s international reputation for high quality, safe and clean food.
To fund the study, Townsville Enterprise has received a $250,000 CRCNA grant and supplementary funding from Charters Towers Regional Council, Burdekin Shire Council, Hinchinbrook Shire Council, Palm Island Aboriginal Shire Council, Townsville City Council, James Cook University, CSIRO, Wilmar Sugar, Department of State Development, Department of Agriculture and Fisheries, Trade and Investment Queensland, Meat & Livestock Australia, Port of Townsville and Townsville Airport.
In May 2018 Townsville Enterprise announced that KPMG, Premise and AEC were the successful consultants commissioned to conduct the North Queensland Agricultural Market and Supply Chain Study.
While the primary focus of the study is North Queensland, it is anticipated the results will uncover far reaching opportunity and complimentary activities taking place outside of the region. The findings from the study are expected to be handed down within 12 months.