The Australian grains industry has agreed on a way forward to deliver 'industry good' services and functions on behalf of the entire grains supply chain.
GRDC Managing Director Dr Steve Jefferies says a new company - to be known as Grains Australia Ltd (GA) - will consolidate a number of important 'industry good' functions.
"This is an exciting development that will result in significant benefits to the Australian grains industry, including more efficient industry operation, improved connectivity across the value chain and improved industry influence in domestic and global forums," Dr Jefferies says.
The formation of GA is led by a Steering Committee comprised of:
- Grain Growers Ltd;
- Grain Producers Australia;
- Grain Trade Australia; and
The company's constitution has been finalised and a search is underway for directors of the skills-based GA Board. The inaugural GA directors will then appoint a chief executive officer.
This is an exciting development that will result in significant benefits to the Australian grains industry, including more efficient industry operation, improved connectivity across the value chain and improved industry influence in domestic and global forums.
GRDC is currently the sole member of GA and will be providing 100 per cent of the initial funding.
It is anticipated that grains industry participants will be active contributors to the operations of the company through involvement on committees, councils and working groups.
'Industry good' functions are those services that deliver net benefit to the industry overall.
The functions can benefit public and private entities, or a combination of both, but do not create or add to market failure.
GA's core functions will be to:
- establish and maintain a grain variety classification system;
- provide services that maintain and improve trade and market access;
- develop long-term market and consumer analysis and product awareness to support longer-term demand and value creation; and
- ensure technical support and training is available for customers of - and participants in - the Australian grains industry.
Dr Jefferies says the formation of GA will result in the streamlining of many of the functions currently delivered by a number of separate organisations.
"The industry has been working towards this goal for several years," he says.
"With the new structure in place, it will be up to the new Board and management of GA to continue discussions with all relevant organisations to determine which 'industry good' functions transition into the new model."
More information: Kylie Dunstan, GRDC Head of Corporate Affairs, 02 6166 4500, 0428 864 934, Kylie.Dunstan@grdc.com.au