The strength of agricultural production and agribusiness manufacturing make the region a natural choice for a diverse range of investment opportunities. Central Queensland is an agricultural powerhouse and the second largest contributor by value of agricultural commodities in Queensland. The region is dominated by beef cattle production and also supports rain-fed and irrigated cropping, horticulture and forestry. Rockhampton’s climate, soil quality and general environmental attributes are highly suited to broad acre and intensive agriculture.
The Australian and Queensland governments prioritise creating a business friendly environment. The agriculture industry is stable, united and productive and operates under best management practice.
New investment is being sought to extend the capacity and productivity of Central Queensland’s agricultural sector in response to increased global demand for its commodities. Central Queensland has strong capability in food production with highly productive livestock and cropping and efficient processing infrastructure, underpinning opportunities for expansion, particularly in intensive agriculture, horticulture and also for growth and diversification of water resources.
The Fitzroy Basin is the largest catchment flowing to Australia’s eastern seaboard and underpins the region’s agricultural production. The Fitzroy, Dawson, Nogoa, Mackenzie and Isaac-Connors river systems provide excellent water security.
Central Queensland has existing water resources and guaranteed allocation on medium and high priority water under the Fitzroy Resource Operations Plan. Irrigated agriculture on soils in Central Queensland can produce a gross value of production of between AUD$0.5 million and AUD$1.2 million per gigalitre of water used for broad acre crops.
High value crops can generate over AUD$10 million.
The region offers abundant land for industrial, commercial, agricultural, residential or retail property with consistent water availability for a multitude of land based industries. The Fitzroy Water Resource Plan has identified an additional 500 gigalitres of water for consumptive use (urban, industrial, agricultural) which could potentially be available subject to development of water storages proposed for the Basin, while still maintaining its environmental health.