Wheat from the chaff: Fluctuating rainfall and grain prices have resulted in some farms exiting
The Grain Growing industry produces a variety of cereal grain crops, including barley, wheat, maize, oats and other grains. Revenue volatility has hindered the performance of grain growers due to fluctuating rainfall and grain prices, creating a challenging operating environment. Along with this, grain output across all major categories has also fluctuated, making planning and budgeting less consistent for growers. Overall, industry revenue is expected to grow at an annualised 1.3% over the past five years, reaching $716.7 million in 2023-24. This trend includes an anticipated plunge of 11.3% in 2023-24, because of a downtick in coarse grain prices.
Industry operators primarily grow wheat, cereal and coarse grains (excluding rice). Operators also grow oilseeds, pasture seeds, lupins, and field peas or beans.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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