Beef2024 Sets New Benchmark for Australian Beef Industry
The recent Beef2024 event has cemented its status as the largest beef industry event in the Southern Hemisphere, with a record-breaking economic impact that will have far-reaching benefits for the Australian beef industry.The event generated $102 million in direct and incremental expenditure for the Greater Rockhampton Region and $69.6 million for Queensland, creating a value-added impact of $92 million for the region and supporting 721 full-time equivalent jobs.But the impact of Beef2024 goes beyond the local economy. It sets a new benchmark for the Australian beef industry, showcasing its influence on communities, workforce, and the economy.
A Boost for Australian Beef
Beef2024 attracted 125,576 attendances, a 7.73% increase from 2021, and created a platform for the industry to come together, share knowledge, and drive innovation.The event's success is a testament to the resilience and strength of the Australian beef industry, which is a significant contributor to the national economy.
Broader ImpactsThe economic impact of Beef2024 will have broader benefits for Australia, including:
- Job creation: The event supported 721 full-time equivalent jobs in the Greater Rockhampton Region, with flow-on effects for the wider industry.
- Industry growth: The event's focus on innovation and technology will drive growth and productivity in the industry.
- Export opportunities: The event's international attendance and trade opportunities will help to promote Australian beef globally.
- Rural development: The event's impact on the local economy will have a positive effect on rural development and community sustainability.
Government Support
The success of Beef2024 has been acknowledged by government leaders, who recognize the importance of the beef industry to the Australian economy.Assistant Minister Anthony Chisholm said, "Beef2024 showcases the influence our beef industry has on communities, workforce, and the economy."Premier Steven Miles announced that the government will double its funding for Beef2027, demonstrating the government's commitment to the industry's growth and development.
Looking Ahead
Beef2027 is scheduled for May 2-8, 2027, in Rockhampton, and is expected to build on the success of Beef2024.The event will continue to showcase and celebrate the Australian beef community on a global stage, driving innovation, growth, and productivity in the industry.In conclusion, Beef2024 has set a new benchmark for the Australian beef industry, with far-reaching benefits for the economy, job creation, industry growth, export opportunities, and rural development.
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