The Rural Industries Research and Development Corporation (RIRDC) has undertaken a regional study of the role and value of agriculture to the Wet Tropics region of North Queensland. A theoretical framework was developed, as part of the project, in order to quantify and qualify the contributions that agriculture makes to regional economies, and to identify the constraints and opportunities that influence these contributions.
The framework was then applied to the Wet Tropics region as a pilot study. In developing such a framework, RIRDC aims to support the economic development of gricultural regions within Australia, by identifying and maximizing sources of competitive advantage specific to those regions. This fact sheet summarises the project.