Prospects for Australian emerging industries
Emerging industries play an important role in the Australian agricultural landscape, contributing to the national economy and helping meet changing global demand. This prospectus is...
Published: 22 Aug 2022
Author(s): Stuart Gordon
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Australian industrial hemp (Cannabis sativa L.), i.e. low tetrahydrocannabinol (THC) hemp, has a wide range of applications, such as building materials, stockfeed, cosmetics and food for human consumption, making this crop a versatile interchangeable crop. However, while the Australian industry is in its infancy with regards to scale and value of production, it is experiencing strong growth, with new technologies improving production and a range of value-added products being developed.
AgriFutures Australia has supported the Australian Industrial Hemp Conference since the inaugural event in 2018. The conference serves as a forum for growers, government, agribusiness, researchers, processors and industry representatives to discuss issues of importance for the wider industry and share the latest industrial hemp research and development findings.
This report provides an opportunity to report and extend the information from contributors to a broader audience who were unable to attend the event. It reflects the combined desire of many in the industrial hemp value chain to further develop the industry and capitalise on the enormous potential that industrial hemp offers. I wish to thank all authors and participants for their contributions to this publication.
The conference proceedings have been produced as part of AgriFutures Australia’s Emerging Industries Program, which focuses on new industries with high growth potential. Emerging animal and plant industries play an important part in the Australian agricultural landscape. They contribute to the national economy and are key to meeting changing global agricultural product demands.