March 31, 2020
A new company has been set up to work on behalf of the grains supply chain in Australia.
Grains Research and Development Corporation (GRDC) managing director Dr Steve Jefferies said Grains Australia Ltd (GA) would 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 said.
The formation of GA is led by a steering committee comprised of Grain Growers Ltd, Grain Producers Australia, Grain Trade Australia and GRDC.
The Constitution has been finalised and a search is under way for Directors. The inaugural GA Directors will then appoint a CEO.
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:
Dr Jefferies said it the formation of GA would 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. 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,” he said.