Grain growing in Australia is a highly volatile industry given that revenue and production are contingent on the state of the global grain market and changes in climatic conditions. As such, revenue has fluctuated substantially over the past five years due to dramatic swings in global grain prices and production levels. During 2010-11, grain prices soared to record highs in response to a sharp contraction in global grain production caused by adverse weather conditions across leading grain-producing countries. This was compounded by the long-term rise in global demand for grains used for feedstock, biofuels and human consumption.
This industry consists of farms that grow coarse grains or other cereal crops. Other farms in the industry grow oilseeds, peanuts, lupins, dry field peas and beans.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.