Territory Stories

Budget 2013/14 Northern Territory Economy



Budget 2013/14 Northern Territory Economy

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Tabled paper 295


Tabled Papers for 12th Assembly 2012 - 2016; Tabled Papers; ParliamentNT




Tabled by David Tollner


Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.




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Agriculture, Forestry and Fishing 147 Northern Territory Economy Agriculture, Forestry and Fishing Agriculture, forestry and fishing accounted for 2.8percent of the NorthernTerritorys gross state product (GSP) and 3.2percent of resident employment in 201112. In 201213, the value of production of agriculture, forestry and fishing in the Territory is estimated to decrease by 3.5percent to $638million, mainly due to a reduction in cattle production. Cattle production is the largest contributor to the agriculture, forestry and fishing sector in the Territory, at an estimated $298million in 201213. Horticulture production is the second largest contributor to the sector, estimated to contribute $228million to total production value in 201213. Increasing food production is part of the Territory Governments threehub economy, which also includes mining, tourism and education. Value of Production1 201112 201213e YearonYear $M $M % Change Agriculture, forestry and fishing2 661 638 3.5 Agriculture 593 548 7.5 Cattle 359 298 17.1 Other livestock 22 23 6.2 Horticulture 212 228 7.3 Fishing 69 90 30.7 Crustaceans 26 39 49.8 Fish 26 28 9.8 Aquaculture 17 23 33.6 201112 Northern Territory Australia Proportion of GSP 2.8% 2.2% Proportion of employment 3.2% 2.9% e: estimate 1 Current prices 2 Subcategories may not add to total due to rounding of numbers Source: ABARES, Crocodile Farmers Association of the Northern Territory; Department of Treasury and Finance; DPIF; NPF; ABS Cat. N os 5220.0, 6291.0.55 Background Agriculture, forestry and fishing plays an important role in many of the Territorys regional and remote areas as a key driver of economic activity as the sector supports a range of secondary industries including retail and wholesale trade, manufacturing and transport. The Australian Bureau of Statistics (ABS) defines agriculture as both the growing and cultivation of horticultural and other crops, and the controlled breeding, raising or farming of animals. Fishing, hunting and trapping is considered to be the gathering or catching of marine life such as fish or shellfish, or other animals, from uncontrolled natural environments in water or on land. Aquaculture includes the controlled breeding, raising or farming of fish, molluscs and crustaceans. Forestry and logging includes growing, Chapter 12 Key points