The Regional Business Insights Report: Unlocking Everyday Innovation is a detailed look at innovation in regional businesses. The findings show that although the regional economy is already benefiting from innovation in business, there'd be further potential if every regional business was actively innovating, with the expected improvements in business earnings worth $44 billion.
Agri Insights surveyed 1600 Australian farmers about their investment intentions for the year ahead across 14 areas of their farm operations. The October 2016 Agri Insights Index was 10.2 points, our second highest index to date. This is underpinned by robust producer intentions, particularly with regards to the financial and physical aspects of farming. The survey also asked Australian farmers about digital technology and their attitude to data sharing.
The October 2015 Agri Insights survey found strong investment intentions in a number of areas, including plans to increase land holdings, plant and equipment investment, and use of contractors. The survey also found that farmers continue to need labour even as technology impacts the way farms are operated.
Things you should know
CommBank’s Regional Business Insights and Agri Insights findings are published solely for information purposes and are not to be constructed as advice or recommendations. The findings have been prepared without taking account of the objectives, financial situation and capacity to bear loss, knowledge or experience or needs of any specific person who may receive these insights. CommBank believes that the information in these insights is correct and any opinions, conclusions or recommendations are reasonably held or made, based on the information available at the time of its complication and are subject to change without notice. All analysis and views of future market conditions are solely those of CommBank, DBM Consultants, ACA Research and Kynetec. Commonwealth Bank of Australia ABN 48 123 124.