AU table grape investment plan to benefit industry by $92.5m
As part of the Strategic Investment Plan (SIP) the organization predicts returns of $92.5 million with an investment of $11.3 million over the next five years. The main strategies predicted to bring the largest growth are seeking new domestic market and export market opportunities, increasing production efficiency and improving biosecurity measures.
The SIPs are produced under the umbrella of the Hort Innovation Strategic Plan, which takes a whole of industry view in setting its direction, as it considers broader agriculture government priorities for the advancement of Australian horticulture.
The levy rate on table grapes is 1 cent per kilogram. Hort Innovation manages the table grape levy funds which are directed to the investment in the table grape R&D (50 per cent of collected levies) and marketing program (50 per cent of collected levies).
In 2015/16 total table grape levy receipts were approximately $1.78 million; $892,000 of R&D levies and $892,000 of marketing levies. Hort Innovation has developed this SIP to assist in strategically investing the collected table grape levy funds in the priority areas identified and agreed by the table grape industry.
This plan represents the Australian table grape industry’s collective view of its R&D and marketing needs over the next five years (2017 to 2021). This plan has been developed in consultation with Australian table grape levy payers through direct consultation and workshops with Hort Innovation’s table grape SIAP.
For more information on the table grape SIAP constituency please visit Hort Innovation’s website at www.horticulture.com.au.
