GRDC to Invest Over A$1 Billion to Boost Australia’s Grain Industry

Australia’s Grains Research and Development Corp. (GRDC) announced its ambitious plans to invest more than A$1 billion over five years in R&D and extension for the country’s grain industry.

Unveiled at the Australian Grains Industry Conference on July 26, goals included in the GRDC’s RD&E Plan 2023-2028 specifically state that the investment will harness existing potential, reach new frontiers, grow markets, capture value, and thrive for future generations.

Grains are now the single largest sector of Australian agriculture, according to the latest data from ABARES, which noted that the 2021/22 harvest exceeded $28 billion in value - despite the country’s investment in RD&E being lower than the U.S., India, Brazil, or Canada.

Managing director at GRDC, Nigel Hart, recognized that research involved a time lag between discovery and adoption, adding that foresight is key to ensure investments that deliver impact for the challenges both today, and in the future.

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