Winds of change: Volatile weather conditions have reduced industry revenue

The Grain Growing industry is export oriented and produces wheat, barley, canola, and other grains and oilseeds. Industry revenue has fluctuated over the past five years, largely due to volatile weather conditions affecting local supply in certain years. Fluctuations in global grain prices and crop supplies over the period have further contributed to revenue volatility. Industry revenue is expected to decline at an annualised 1.1% over the five years through 2019-20, to $13.0 billion. Industry profit margins have fallen slightly over the period due to lower output volumes. Industry revenue is anticipated to grow by 9.0% in 2019-20 as output for the year is likely to be higher than it was in the previous year.The industry typically moves in a more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Volatile weather conditions and grain prices have affected industry performance
  • Global grain prices and production volumes heavily influence industry revenue
  • Industry export revenue is forecast to increase due to strong global demand
  • 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 numerous 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. In ...purchase to read more.

    Additional Insights for the Grain Growing Industry

    IBISWorld has determined the most important Key Success Factors for the Grain Growing are:

  • Economies of scale
  • Appropriate physical growing conditions
  • Ability to alter goods and services produced in favour of market conditions
  • IBISWorld analysts also discuss how external factors such as Level of annual rainfall and Trade-weighted index in the Grain Growing industry impact industry performance..

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    What's in this report

    What is the Grain Growing Industry?

    The industry consists of farms that grow coarse grains or other cereal crops. Other farms in the industry grow oilseeds. The industry excludes pulse and rice growing.

    Industry Products
  • Wheat
  • Coarse grains
  • Oilseeds
  • Industry Activities
  • Wheat growing
  • Barley growing
  • Canola growing
  • Corn and maize growing
  • Sorghum growing
  • Soybean growing
  • Other grain and oilseed growing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Level of annual rainfall
  • Trade-weighted index
  • World price of wheat
  • Demand from cereal grain wholesaling
  • Domestic price of fertiliser

  • Current Performance
  • Weather patterns
  • Global supply
  • World consumption
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Water constraints
  • Global stage
  • New technology
  • Food for thought
  • Table: Grain Growing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Grain Growing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Beef Cattle Farming
  • Poultry Meat Farming
  • Cereal Grain Wholesaling

  • Key Selling Industries
  • Agricultural Machinery Manufacturing
  • Livestock and Other Agricultural Supplies Wholesaling
  • Shearing, Cropping and Agricultural Support Services

  • Products & Services
  • Wheat
  • Coarse grains
  • Oilseeds
  • Chart: Grain Growing Industry Products and Services Segmentation

  • Demand Determinants
  • Animal feed products
  • Food products

  • Major Markets
  • Other export markets
  • Food industries
  • Livestock industries
  • Exports to China
  • Other local markets
  • Chart: Major Market Segmentation for the Grain Growing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Grain Growing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Grain Growing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Grain Growing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Grain Growing Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Exports (2011-2025)
  • Imports (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)
  • Repair and Maintenance (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Fuels produced from renewable biological resources such as crops or organic waste.
  • Genetically Modified (Gm)
  • Organisms that have had their DNA altered through genetic engineering. The most common modified foods are derived from plants: soybean, corn, canola and cottonseed oil.
  • Imputed Wage
  • The estimated labour input of the farm owner, their partner and/or family members, based on hours worked and wages outlined in the Federal Pastoral Industry Award.
  • Stockfeed
  • Food for livestock, which typically contains a variety of grains.
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    Why buy this report?

    The Grain Growing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Grain Growing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Grain Growing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Grain Growing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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