Agriculture remains an important industry to both developed and developing economies. Unfortunately, many developing countries are still suffering from a lack of agricultural growth, especially those in Africa and South Asia. Australia’s agricultural system has developed from almost non-existence 220 years ago to one of the most advanced and efficient in today’s world. It is also one of the least distorted, receiving little government assistance. This book provides an updated and comprehensive account of a successful agricultural story, which can stimulate policy makers, researchers, agribusiness consultants and students to relate the Australian experience to their own agricultural development.