Westpac bullish on prospects

Westpac bullish on opportunities for Australian agriculture

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According to the United Nations, the world will face a global crisis in the supply of nutritious food by 2050, as our population increases from 7.6 billion today to almost 9 billion.

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According to the United Nations, the world will face a global crisis in the supply of nutritious food by 2050, as our population increases from 7.6 billion today to almost 9 billion.

OPPORTUNITIES: Westpac’s general manager agribusiness Steve Hannan says the bank is hosting a range of events during Beef Australia 2018.

OPPORTUNITIES: Westpac’s general manager agribusiness Steve Hannan says the bank is hosting a range of events during Beef Australia 2018.

While 2050 may seem far afield, we have less than 32 years to make Australia’s food and agriculture sector more sustainable, efficient and resilient so we can increase our production to help meet demand.

For more than 200 years, Westpac has been backing farmers in regional and rural Australia, helping them to remain adaptable and resilient through the cycles while strengthening their businesses.

Westpac’s general manager agribusiness Steve Hannan said Westpac was acutely aware of the opportunities for farmers and was working on initiatives to help their businesses thrive over many generations.

“Australia has the capacity to produce more food than we consume,” he said.

“As a common link between farmers, I believe banks can play a bigger role in helping producers to identify market opportunities, adapt and innovate, and overcome challenges such as transitioning wealth through generations to help Australia capture and capitalise on the opportunities heading our way.

“One way we can achieve this is by sharing knowledge across the industry, which is why Westpac is hosting a range of events during Beef Australia 2018 that connects beef producers with the talented people behind new ideas and the latest innovation and developments the Australian beef industry.”

The Westpac Property Tours, which include full- and half-day tours, have something to suit everyone.

Delegates can gain a first-hand look inside some of Queensland largest cattle properties and learn more about topics such as pasture and grazing management, beef genetics, alternative lot feeding practices and organic commercial beef breeding.

Another Westpac initiative, the Graeme Acton Beef Connections program, matches young beef producers with experienced mentors and training and personal development opportunities.

Also on the Westpac agenda is a special Westpac Women’s High Tea, hosted by the 2017 AgriFutures Rural Women’s Award national winner Tanya Dupagne, with special guest, Dame Quentin Bryce.

“There are many talented and inspiring people working within agriculture,” Mr Hannan said. 

“We’re proud to help promote and connect farmers across different industries and regions.”

  • To get involved in Westpac’s events or to buy tickets, visit www.beefaustralia.com.au.
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