Category Opportunity & Threat
174,700 Employing 46% Self-employed 54%
Avg Salary $57,564 Avg weekly $1107
With a shortage of skilled and semi-skilled labour, the interest in new farming and fishing methods has grown.
Illegal fishing, unsustainable fishing practices and seafood fraud is growing. Major retailers worldwide are collaborating to ensure that the seafood they sell is not connected to forced labour, illegal fishing or fraud. Seafood has to be traceable, sustainable and responsible.
Proving that seafood is sustainable is becoming important and seafood traceability systems have to be secure, transparent and trustworthy, and blockchain technology can deliver the goods. Blockchain allows the tracking of digital data, recording when it changes hands from one party to another. Data is encrypted and transactions are time-stamped and recorded by computers across a decentralised network.
A major threat to farmers is the “control of destiny” – re data, not just on individual farms but locally and across regions and states. Data can be captured by a variety of sensors on machinery and cameras including infrared, thermal, multi-spectral and natural gamma. Farmers have to own and manage data (intellectual property) generated on their farms in their own best interests, for today and tomorrow.
This means farmers and farming associations have to collaborate within a region to ensure the insights generated from shared data are leveraged sustainably and in farmers’ best interests.