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REGIONAL enterprises are set to benefit from a new agriculture-focused initiative under a partnership between the AGCO Foundation and the University of Sydney Business School.
The collaboration will expand the long-running Remote and Rural Enterprise( RARE) program by introducing a dedicated agriculture stream to strengthen the economic foundations of rural Australia.
The move responds to sustained pressures in the bush, where more than 70 per cent of rural and agricultural communities have faced economic decline over the past five decades, largely driven by population loss and limited industry diversification.
Family farms, cooperatives and small agribusinesses continue to underpin regional economies, but many operate under constraints including geographic isolation, climate volatility and restricted market access.
The new stream will focus on practical, community-led projects designed to lift farm viability and encourage innovation. Planned activities include social enterprise development, agritourism
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ventures and sustainability-focused initiatives.
Each year, between 50 and 70 students will undertake placements in rural communities, working alongside local operators and Indigenous-led enterprises to co-design tailored strategies. The approach centres on action research and place-based solutions that reflect local conditions and priorities.
“ Partnering with the University of Sydney Business School to expand RARE with an agricultural stream aligns with our strategy to build vibrant local ecosystems,” said the AGCO Foundation Board Chair Roger Batkin.
“ It keeps future leaders rooted in local agriculture and enables intergenerational knowledge exchange to co-develop innovations and best practices that support sustainable transformation and economic viability.”
Launched in 2007, RARE connects students with regional businesses to deliver on-the-ground outcomes that enhance resilience and growth. The agriculture stream will utilise the
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University’ s rural campuses at Camden and Narrabri to deepen regional engagement.
University of Sydney Business School Dean Professor Leisa Sargent explained:“ We ' re delighted to partner with the AGCO Foundation to empower local enterprises with tailored strategies while giving students invaluable hands-on experience.
“ This creates sustainable solutions that respect cultural contexts and strengthen intergenerational knowledge exchange”.
The two-year partnership will provide three agricultural enterprises with mentoring, strategic advice and earlystage funding support.- @ AGROBiz
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A PARTNERSHIP IN MOTION: The two-year collaboration will foster knowledge exchange between the next generation of agribusiness professionals. |