grdc growers' report - Grains Research & Development Corporation

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eport from the chair and managing director GRDC financials at a glance Where 2010–11 research levies came from ($m) GRDC Investments in 2010–11 by Line of Business ($m) ■ Coarse grains $18.5 ■ Pulses $8.3 ■ Oilseeds $13.8 ■ Wheat $63.9 ■ Practices $60.2 ■ Varieties $57.7 ■ New Products $14.9 ■ Communication and Capacity Building $6.8 How the 2010–11 figures stacked up INCOME 2010–11 EXPENDITURE & INVESTMENTS 2010–11 $m $m 150 150 = 125 125 100 100 75 75 50 50 25 25 0 0 ■ Industry contributions 104.5 ■ R&D payments 140.7 ■ Commonwealth contributions 53.4 ■ Employees 6.9 ■ Interest income 7.2 ■ Suppliers and others 6.5 ■ Project refunds, royalties & other income 10.4 ■ Movement in reserves 20.8 R&D investment by line of business and region in 2010–11 GRDC reserves, R&D payments and revenue ($ million) 180 $ million 70 $59.1m (42.0%) 60 50 $50.9m (36.2%) $60.2m (42.8%) $57.7m (41.0%) 160 140 40 30 $30.7m (21.8%) 120 100 80 60 20 10 0 Southern Region Western Region Northern Region $14.9m (10.6%) Practices Varieties New Products $6.8m (4.8%) CCB $1.1m (0.8%) Other 40 20 0 1999–00 2000–01 2001–02 2002–03 2003–04 2004–05 2005–06 2006–07 2007–08 2008–09 2009–10 2010–11 —— Reserves/equity —— R&D payments —— Total revenue a Figures for 2006–07 have been restated in accordance with a new accounting policy regarding grant income. b Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) estimates for the number of broadacre farms planting at least 100 hectares for grain, oilseed or pulse production. Figures for 2006–07 to 2009–10 restate the estimated numbers of grain farms shown in previous GRDC growers’ reports following ABARES advice that previous estimates had included non-grain crops. c Latest ABARES estimates for the gross value of production of grains and oilseeds, excluding rice— from the June 2011 Australian Commodities report. d Latest ABARES estimates for total summer and winter crop production, excluding cotton seed and rice— from the June 2011 Australian Crop Report. GRDC financial overview GRDC financials at a glance 2010–11 2009–10 2008–09 2007–08 2006–07 a Grower R&D levies collected $104.5m $74.1m $89.2m $76.6m $50.9m Australian Govt. Matching contribution $53.4m $50.1m $43.9m $37.6m $35.8m Interest, royalties & other income $17.6m $19.6m $17.3m $13.0m $11.9m Total GRDC revenue $175.5m $143.8m $150.4m $127.2m $98.6m R&D expenses $140.7m $116.8m $106.3m $89.1m $105.6m Employees, suppliers, administration, dep’cn $12.6m $12.0m $11.7m $11.5m $11.3m Asset revaluations $0.8m $4.6m $3.3m $1.9m $1.3m Total GRDC expenditure $154.1m $133.4m $121.3m $102.5m $118.2m Operating surplus/(deficit) $20.8m $9.8m $28.5m $24.1m ($19.8m) Total assets $206.0m $176.7m $159.1m $117.5m $106.0m Total equity $149.3m $128.5m $118.7m $89.7m $65.6m Number of projects 900 868 771 611 680 Grains industry profile Estimated number of grain farms b 20,993 20,993 22,082 22,006 20,097 Estimated gross value of production c $12,701m $8,588m $10,749m $10,733m $5,006m Total grain production—summer and winter crops (million tonnes) d 44,743 37,330 37,609 29,748 19,188 8 GRDC GROWERS’ REPORT 2010–2011
From the GRDC regions Northern Region by JAMES CLARK, GRDC Northern Panel Chair When do last year’s troubles end Grain growers operating under the extremes of climatic conditions in the Northern Region know that so-called normal seasons are few and far between. The disease threat that lurked in heavy stubble loads and high inoculum loads largely failed to eventuate this season as a dry autumn turned into a winter of patchy rainfall. Spring has been cool and variable, slowing crops considerably in some areas. Many growers across the northern grains region relied on good levels of subsoil moisture to produce winter crops of variable yield and quality. This followed a challenging 2010 winter crop season which continued into summer with heavy rainfall causing crop loss and grain quality downgrades along with waterlogging, denitrification and disease issues. A mouse plague in the Maranoa region of Queensland also caused widespread crop damage to sorghum, sunflower and summer legume crops. Despite these production challenges, broadacre receipts from crops were reportedly up by 26 per cent in the northern region according to the Australian Bureau of Agricultural Resource Economics and Sciences (ABARES). GRDC is entering a new phase under Managing Director, John Harvey, who is leading a drive to deliver outcomes to growers. GRDC will invest more than $160 million in research and development this year and the corporation’s aim is clearly to use the outcomes of research to make growers more money so that the levy you pay to GRDC is the best investment you make each year. Launch of PBA Pistol A and PBA Boundary A chickpeas After six years of rigorous field testing, two new desi chickpea varieties were released in September—PBA Pistol A for central Queensland (CQ) growing conditions and PBA Boundary A , which has been bred for northern NSW and southern Queensland conditions. The GRDC’s investment was instrumental in bringing these new varieties to growers. New South Wales Department of Primary Where your 2010–11 research dollars were invested in the North ($m) Industries (NSWDPI) leads the Pulse Breeding Australia (PBA) chickpea breeding program which has recently received GRDC funding for a further five years to 2016. Central Queensland $30.73m TOTAL ■ Cross-commodity $25.42 ■ Coarse grains $0.63 ■ Grain legumes $2.56 ■ Oilseeds $0.38 ■ Wheat $1.74 The GRDC-supported CQ cropping research has recently been reviewed and revamped in line with grower priorities in a production environment characterised by summer-dominant, extremely variable and often marginal rainfall. This is a positive time for the CQ cropping community because growers are now driving research priorities which clearly focus on addressing one- to three-year production issues. The availability of water is the most significant factor affecting crop yields and quality in CQ. Fertility rundown, soil loss through water erosion resulting from high intensity summer Peter Keys, Queensland Department of Employment, Economic Development and Innovation (DEEDI) shows growers and the GRDC Northern Regional Panel through GRDC-supported National Variety Trials (NVT) near Biloela. Photo: GRDC GRDC GROWERS’ REPORT 2010–2011 9
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Page 31 and 32: The GRDC team The National Panel Co
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Page 35 and 36: grdc investment process Steps in th

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