THE GRDC is kickstarting engagement to shape the next phase of research, development and extension investment aimed at tackling long-term challenges and unlocking breakthrough opportunities for Australia’s grain industry.
The engagement follows the completion of an expert, independent review to determine the ‘right-size’ RD&E investment to continue the remarkable progress driven by Australian graingrowers.
The comprehensive review was instigated by GRDC in 2024 and focused on levy revenue modelling, an RD&E capacity and ability assessment, and implications of changes to GRDC’s RD&E investment levels.
GRDC chair Sharon Starick said the organisation and the broader Australian grains industry continued to be the beneficiaries of productivity growth, strong seasons and commodity prices and this was the driving motivator for the ‘right-size’ review.
“GRDC is in an extremely favourable financial position. After a number of outstanding seasons coupled with strong prices, GRDC now has strong cash reserves of $680 million,” Mrs Starick said.
“This extraordinary position was without question made possible by growers, whose readiness to adopt practice changes and embrace innovative technologies demonstrates the immense value of RD&E to the productivity and profitability of Australian farming enterprises.
“Independent analysis shows for every dollar GRDC invests; growers receive a $6-9 return on investment.”
Mrs Starick said GRDC would begin industry consultation this month by liaising with growers’ representative organisations GrainGrowers Limited and Grain Producers Australia, before going out more broadly to growers in the next three months.
