Grains Research and Development Corporation (GRDC) managing director Anthony Williams wants to double the Australian grains industry’s current $15b value by 2030. In an article shared by the Australian Trade and Investment Commission (Austrade), Mr Williams said that targeting a doubling of grains’ value by 2030 “is aspirational.”
“It is designed to make us think differently about the investments in (research, development and extension) we make for this season, and the next, and the decade to follow,” he said. “When we make better investment decisions, we can create more even more value for growers.”
Mr Williams believes that taking advantage of an increasing world population, and understanding and strategically targeting export opportunities will play “a major role in this growth”.
The enduring profitability, according to the article, will be driven by grain growers, agronomists and researchers maintaining a focus on step-change improvements in yield and returns, through areas like reduced farm input costs, improved agronomic practices and better crop varieties.
A publicly funded corporation, the GRDC is responsible for planning, investing in and overseeing research, development, and extension to deliver improvements in production, sustainability and profitability across the Australian grains industry.
Mr Williams said key mid- to long-term investment opportunities include identifying and analysing supply and demand trends for growers to take advantage of domestic and global markets. Other opportunities include understanding consumers’ growing interest in food origin and how the grains industry can make sustainability and traceability of products commercially viable.
Additionally, Mr Williams said that identifying how to access attractive export markets and differentiate grains products to ensure they are ‘needed’ is an investment opportunity. Exploring how to cost-effectively improve logistics, grain handling, aggregation, and identifying competitive routes for differentiated products was another investment opportunity flagged.
While focussing on ‘digital ag’ and innovative technology that can change the way growers operate on their farm and improve grain marketing “beyond the farm gate” was also cited by Mr Williams.