Grains Research and Development

GRDC Update Papers

Grains Research Update Logo

This page contains papers from the GRDC Update series for both growers and advisers.

To download the proceedings booklets from the 2014 Updates, visit the 2014 Update Proceedings Booklets page.

To view individual Update Papers, please follow the links in the list below the map filter.

The papers in this list can be filtered to show you the results you require.

Filter by Location

The flags on the map indicate where the Update Paper was presented.

Filter by Category

Choose to filter the results by Region, Year, Research Area and GRDC Investment Theme by selecting the appropriate checkboxes from the Filter By Category tab.

A-Z Filter

If you know the name of the Update Paper you're looking for, use the A-Z filter to narrow down the list to those papers starting with the letter of your choice.

More information on GRDC Updates

For further information on the GRDC Updates, please visit the following pages:

Region (0 selected) Expand filters

Select: All / None

R&D Area (0 selected) Expand filters

Select: All / None

Theme (0 selected) Expand filters

Select: All / None

Year (0 selected) Expand filters

Select: All / None
  • Business structures for a successful family farm

    Research Updates

    Grains

    Article Date
    09.10.2014
    Presented At
    2014 GRDC Farm Business Update for Growers Forbes
    Region
    South

    1. Each farming business operation is different and should adopt a business structure that is appropriate for its unique situation
    2. Business structures may need to change over time in light of legislation, family circumstances, the degree of business growth and the external business operating environment. However, the cost of change is often significant, and the ideal is choosing a structure that will suit for a long period of time (subject to regular review)
    3. Sound risk management and succession plans are vital for a viable farming business operation

  • Help for Farm Business to manage profitability and manage riskResearch update

    Research Updates

    Grains

    Article Date
    09.10.2014
    Presented At
    2014 GRDC Farm Business Update for Growers Forbes
    Region
    South

    • Cash flow analysis shows the sensitivity of the farm business to varying seasons.
    • Mixed Farming Systems are more sustainable in poorer seasons. However, they are not as able to capture the large profits in the better years (Decile>5).
    • Leasing provides opportunity for business expansion when a business is in a low equity position.

  • Are you happy? Identifying the why in you

    Research Updates

    Grains

    Article Date
    09.10.2014
    Presented At
    2014 GRDC Farm Business Update for Growers Forbes
    Region
    National, South

    Take home messages:
    • Know and play to your strengths;
    • get your thinking right;
    • invest in yourself; and
    • it's all about choices.

  • Developing Personal and Psychological Resilience

    Research Updates

    Grains

    Article Date
    09.10.2014
    Presented At
    2014 GRDC Farm Business Update for Growers Forbes
    Region
    National

    We need to accept that life is tough and develop strategies to deal with what we encounter
    The most effective ways to develop resilience include; acceptance, listening to your inner voice, changing your self-talk, staying involved, getting comfortable with feelings, surrounding yourself with positive people and looking after yourself.

  • Grain Marketing- wheat, canola and barley outlook

    Research Updates

    Grains

    Article Date
    09.10.2014
    Presented At
    2014 GRDC Farm Business Update for Growers Forbes
    Region
    National

    • There are a number of year in year out grain marketing strategies that will work most of the time:
    o Target the January – April sweet spot for old season wheat sales and new season forward sales, and avoid selling mid year.
    o Sell malt barley off the header, but look for pre-harvest and post harvest opportunities for feed barley.
    o Look to forward sell canola in the June to August period, after your crop is in the ground, and then off the header and during the early post harvest shipping period.
    • This harvest:
    o There remains a lot of uncertainty about how this season will finish for us; yield and quality wise.
    o There are price risks as we go into our harvest this year, with a record global crop projected, but also large volumes of feed grade wheat and tightness in milling wheat supplies, and current Australian prices are at a strong premium to CBOT futures. Will that hold?
    o There should be good risk premiums in global prices in early 2015 that should suit both old and new season sales.
    • Long term:
    o The world can grow enough grain to feed itself, but grain production has to be profitable.
    o We have gone through a period of high wheat, corn and soybean prices, driven by shortages. Those high prices have triggered a lift in output to record levels.
    o On average, grain growing will be profitable, but there will be periods of low prices.

  • Wheat canola and barley outlook

    Research Updates

    Grains

    Article Date
    18.09.2014
    Presented At
    2014 GRDC Farm Business Update for Growers Horsham

    • There are a number of year in year out grain marketing strategies that will work most of the time:
    o Target the January – April sweet spot for old season wheat sales and new season forward sales, and avoid selling mid year.
    o Sell malt barley off the header, but look for pre-harvest and post harvest opportunities for feed barley.
    o Look to forward sell canola in the June to August period, after your crop is in the ground, and then off the header and during the early post harvest shipping period.
    • This harvest:
    o There remains a lot of uncertainty about how this season will finish for us; yield and quality wise.
    o There are price risks as we go into our harvest this year, with a record global crop projected, but also large volumes of feed grade wheat and tightness in milling wheat supplies, and current Australian prices are at a strong premium to CBOT futures. Will that hold?
    o There should be good risk premiums in global prices in early 2015 that should suit both old and new season sales.
    • Long term:
    o The world can grow enough grain to feed itself, but grain production has to be profitable.
    o We have gone through a period of high wheat, corn and soybean prices, driven by shortages. Those high prices have triggered a lift in output to record levels.
    o On average, grain growing will be profitable, but there will be periods of low prices.

  • Integrated farming systems for a sustainable future - what is the role of mixed farming in sustainable agriculture?

    Research Updates

    Grains

    Article Date
    18.09.2014
    Presented At
    2014 GRDC Farm Business Update for Growers Horsham
    Region
    National

    • Unlike other southern states, livestock numbers on cropping farms in NSW have increased since the end of the last drought, even though they are being supported by less land.
    • Soil organic matter is the main long-term sustainability concern for which the only practical solution is to include forages in the land use mix.
    • Maintaining a mixed farming system instead of a specialized cropping or livestock farming system provides a greater range of possible future land use pathways.

  • Business structures for the family farm

    Research Updates

    Grains

    Article Date
    16.09.2014
    Presented At
    2014 GRDC Farm Business Update fro Growers Mulwala, Horsham
    Region
    National

    • To successfully manage and run a family farm business you need to establish a solid foundation. This foundation is composed of various structures and strategies, what we call “tools in the shed” along with a sound understanding of how these tools should be used for the betterment of the business and the family.

    • The stronger the foundation, the better the business and the more likely it is the family will achieve their life long goals.

  • Communication for farming families - the do's and don'ts

    Research Updates

    Grains

    Article Date
    16.09.2014
    Presented At
    2014 GRDC Farm Business Update for Growers Mulwala and Horsham
    Region
    South

    • Succession and estate planning in a family farming business is a complex juggling of the needs and wants of the “retiring” generation, the new farmer(s) and their partners and often siblings of the new farmers who will not be farming in the future. In addition to this there is generally a long multi-generational family history, family members at different ages and stages, a large asset with low and variable return, and a “spoonful of emotional baggage” just to increase the complexity.

  • Improving structures around grain marketing decision making

    Research Updates

    Grains

    Article Date
    16.09.2014
    Presented At
    2014 GRDC Farm Business Update for Growers Mulwala
    Region
    South

    • Good grain marketing can only occur if other aspects of the business are being managed appropriately to ensure there is choice in products and timing of sales.
    • Understanding the different stages of the grain marketing process and optimising the length of the sales window are two key underlying frameworks for improving decision making.
    • An overall decision making framework is introduced that outlines the need for the foundation of a good internal structure and an understanding of those factors that can be controlled within a business and then overlaying good plans and strategies to deal with external factors that are outside of your control.