Recommendation 37

For farmers to transition their businesses, their options need to be commercially viable. The Government should expand its existing support mechanisms to incentivise take-up of technological innovations in food production, such as for precision irrigation and remote sensing. It should also develop natural capital options through its Green Finance Strategy. Any new incentives should be co-designed with farmers. All technological innovations that have been subsidised by the Government should be monitored closely to understand their impact and to prevent efficiency paradoxes arising. (Paragraph 206) Environmental change and food security 77