Industry Analysis & Industry Trends
The Grain Growing industry is highly export-oriented and includes crops such as wheat, barley, sorghum and other grains. The industry has sustained high levels of revenue volatility over the past five years, largely influenced by adverse weather conditions that have affected local supply. Fluctuations in global grain prices and global crop supply over the past five years have added to revenue volatility. Industry revenue is forecast to expand by an annualised 8.5% over the five years through 2014-15, to reach $13.8 billion. However, plummeting revenue in 2009-10 has skewed the industry's revenue growth figure over the period. Industry revenue is forecast to fall 3.8% in 2014-15, due to an anticipated reduction in the nation's grain crop... purchase to read more
Industry Report - Starting a New Business Chapter
The industry maintains low barriers to entry. Generally, all inputs are readily available, producers can usually shift between broadacre agricultural activities with ease, and there are often a number of farms for sale. Nonetheless, two possible barriers include capital investment requirements, and problems securing finance for such investment.
The establishment of grain growing operations requires considerable investment. New participants need to purchase vast amounts of farmland, grain silos and machinery such as harvesters and tractors. For existing primary producers, establishment costs are significantly lower. Farmers can simply alter their product mix in response to changing market conditions... purchase to read more