Fo­cus is on prof­itabil­ity

Shepparton News - Country News - - COBRAM & DISTRICT PONY CLUB TRIALS -

Prof­itabil­ity of the in­dus­try is set to be the key fo­cus for the Grains Re­search and De­vel­op­ment Cor­po­ra­tion fol­low­ing the launch of its five-year re­search, de­vel­op­ment and ex­ten­sion plan last week.

Launched by chair­man John Woods at the Aus­tralian Grains In­dus­try Con­fer­ence in Mel­bourne last Wed­nes­day, the plan hopes to over­come chal­lenges and im­prove grow­ers’ rates of re­turn.

‘‘On ev­ery grain farm in Aus­tralia, grow­ers are fo­cused on the bot­tom line. GRDC has shifted from a fo­cus largely on pro­duc­tiv­ity to a fo­cus on max­imis­ing grow­ers’ long-term prof­itabil­ity,’’ Mr Woods said.

‘‘Our in­vest­ment will con­tinue to tar­get yield gains but will broaden its em­pha­sis to in­clude im­pact on the price of grain re­ceived by grow­ers, re­duc­ing on-farm costs and manag­ing risk.’’

The prof­itabil­ity of Aus­tralia’s grain grow­ers was com­ing un­der threat from chang­ing in­ter­na­tional and do­mes­tic mar­kets, ac­cord­ing to Mr Woods, who said the im­pact of a highly vari­able cli­mate and the un­prece­dented level of up-front fi­nan­cial risk con­tin­ued to chal­lenge grow­ers.

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