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 moderate revenue volatility over the past five years, largely influenced by adverse weather conditions that have affected local supply. Fluctuations in global grain prices and crop supplies over the past five years have contributed to this revenue volatility. Industry revenue is forecast to expand by an annualised 1.4% over the five years through 2016-17, to reach $13.3 billion. Industry profit margins have also increased over the past five years, due to local grain prices increasing faster than input costs. Industry revenue is forecast to decline by 5.5% during 2016-17, due to falling local and global prices of wheat and other key grains... 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