The GRDC discussion paper sets out the objectives of the corporation’s Research, Development and Extension (RD&E) investments until 2023 with the aim of creating enduring profitability for Australian grain growers.
All grain growers and stakeholders are encouraged to have their say on the GRDC’s investment priorities.
GRDC Managing Director Dr Steve Jefferies said when it comes to consultation 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.
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,” Dr Jefferies said.
“We understand that the profit equation is being squeezed by high input, operational and post-farm gate costs while volatile pricing is not trending in the same direction,” he said.
“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.
Dr Jefferies said 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.