Industry Analysis & Industry Trends
The Grain Growing industry is 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 supplies over the past five years have added to this revenue volatility. Industry revenue is forecast to expand by an annualised 0.9% over the five years through 2015-16, to reach $12.8 billion. However, this figure is skewed by the surge in revenue in 2010-11. Average profitability has also fallen over the past five years, due to strong profit margins recorded in 2010-11. Revenue is forecast to fall by 1.7%... purchase to read more
Industry Report - Industry Locations Chapter
Business locations for grain production in Australia are spread between Western Australia, New South Wales, Victoria, Queensland and South Australia. Collectively, these states account for over 90.0% of enterprises and production. Australia’s two territories and Tasmania account for less than 1.0% of enterprises and production, and are therefore not considered as important to the industry.
Many broadacre crops are grown in wheat belts that receive between 230 millilitres and 380 millilitres of rainfall annually. Individual cereals vary in their tolerance of wet and dry conditions, so growing locations are generally spread out accordingly... purchase to read more