An agricultural research hub which is based at the University of Melbourne is currently working in order to ensure the effectiveness of the development of new types of fertilizers. For the most part, this technology is developed with the aim of producing smart fertilizer which is focused on ensuring a significant reduction in the cost for farmers and also reducing the detrimental impact on the environment.
In the meantime, the food and agriculture business plays a critical role in the development of the agricultural economy. Moreover, this industry employs more than 5,00,000 individuals and contributes around $41 billion in exports. Currently, there are several issues based on agriculture such as the application of nitrogen fertilizers which cause industrial and economic losses. The Hub focuses to provide transformation in the field of agriculture and there has been significant progress in the field of agriculture leading to environmental sustainability and profitability.
Moreover, the agricultural hub is in partnership with the University of Melbourne and La Trobe University, Incitec Pivot Fertilisers and Elder Rural Service in Australia. Accordingly, it focuses on the developments around different agricultural businesses and development-based corporations as a whole. The Hub has received funding of about $ 11 million from different sources including prominent groups such as the Australian Research Council.