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 volatility over the past five years, largely influenced by adverse weather conditions that have dictated local supply. Revenue volatility has been further exacerbated by fluctuations in global grain prices and global crop supply over the past five years. Industry revenue is forecast to expand by an annualised 1.7% over the five years through 2013-14, to reach $12.8 billion. Favourable weather and planting conditions are projected to support production output in 2013-14, with revenue forecast to rise by 5.1%.
The industry tends to follow a cyclical pattern, whereby sudden production declines cause prices to spike... 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 both production and enterprises. Australia's two territories and Tasmania account for less than 1.0% of production and enterprise numbers and are therefore not considered particularly 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