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 Key Buyers Chapter
The Grain Growing industry displays a low level of market share concentration. Although some large commercial operations exist, no single producer accounts for a significant proportion of total industry output. Instead, a multitude of small family farms dominate the industry. In terms of employment distribution, the industry is characterised by numerous firms that employ small work forces, along with many non-employing family enterprises. Farming families will typically only supplement their own labour with hired labour during harvest periods.
Market share concentration has increased over the past five years... purchase to read more