Broadacre

Grain growers to guide investment priorities to 2023

Dr Steve Jefferies . Image courtesy of GRDC

Grain growers and industry stakeholders are being invited to provide feedback to the development of the Grains Research and Development Corporation’s (GRDC) five year strategic plan with the release of a discussion paper for comment.

The GRDC discussion paper sets out the objectives of the corporation’s Research, Development and Extension (RD&E) investments over the next five years to 2023 with the aim of creating enduring profitability for Australian grain growers.

When it comes to consultation, GRDC Managing Director Dr Steve Jefferies is resolute in the need to seek open and honest feedback from growers in the paddock.

“Research and Development Corporations exist to drive profitability on Australian farms, so it is crucial that we have the input of grain growers at the grassroots,” Dr Jefferies said.

According to Dr Jefferies, a focus on taking calculated risk to achieve transformational change represents an exciting shift in investment portfolio balance for the GRDC.

“We understand that the profit equation is being squeezed by high input, operational and post-farm gate costs whilst volatile pricing is not trending in the same direction.

“As a body investing on behalf of Australia’s grain growers, the GRDC needs to target high reward opportunities to create transformational step changes to their profitability.

“The new plan provides the opportunity to mature the GRDC’s investment culture to manage the risk that comes with seeking a greater return for our grain-growing investors.”

The draft plan has been developed with grower and researcher input through consultation with GRDC panel members and the GRDC’s representative organisations, Grain Growers Ltd and Grain Producers Australia, and key research partners.

“Agricultural businesses exist in constantly evolving operating environments, and the strategic plan outlines a flexible and responsive approach to investment to ensure the GRDC can adapt and reflect grower requirements,” said Dr Jefferies.

The GRDC’s consultation closes on Friday February 16 2018.

All grain growers and stakeholders are encouraged to have their say on the GRDC’s investment priorities to ensure the corporation is well placed to deliver on their RD&E needs.

Source: GRDC

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