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Corporate performance
The GRDC's overall performance against the corporate objectives set out in Driving Innovation is usually assessed each year on the basis of formal surveys and analyses.
The assessment is generally based on the GRDC Organisational Performance Research Survey conducted each year by an independent external consultant, and the annual Australian Grains Industry reports published by the Australian Bureau of Agricultural and Resource Economics.
In response to the effects of the drought in 2006-07, the GRDC, in collaboration with its research partners, implemented a number of actions to maintain an effective grains R&D program. As part of its drought response strategy, the GRDC decided to suspend the GRDC Organisational Performance Research Survey for one year. The survey will take place again in 2007-08.
Table 3 provides a summary of corporate performance relating to 2006-07.
Product and service delivery objective:Deliver products and services to growers in support of their business objectives and within the context of the Australian Government’s stated priorities |
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| Indicator | Performance |
|---|---|
Specific farming practice changes |
Although the 2006 winter crop produced only about one-third of the tonnage produced in 2005, it has been widely recognised that had a similar season been experienced 30 years ago the impact on the economy and the environment would have been far more dire. Production in 2006 was relatively better for a number of reasons, including the adoption of management practices that:
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Whole-of-portfolio economic analyses |
A prospective economic analysis of the GRDC’s investment portfolio was completed at the beginning of the five-year planning period. Results indicated that grains R&D would deliver an overall benefit–cost ratio of 6.6:1, based on conservative assumptions. When account is taken of benefits flowing to off-farm businesses, the benefit–cost ratio increases to 7.8:1. This equates to a net present value of about $3 billion flowing to the wider community through grains R&D over a fifty year period. |
Improvement in the performance of the grains industry, measured by ABARE analysis of industry performance across the agroecological zones |
The provisional estimate of average farm cash income (total cash receipts minus total cash costs) per farm declined to $33,000 in 2006–07 from $95,100 in 2005–06. This significant reduction in farm cash income is due to the 2006–07 drought. |
Relationship management objective:Build, lead and manage relationships to optimise benefits to stakeholders |
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| Indicator | Performance |
Assessment of innovation and flexibility in contractual relationship development with partners, strategic alliances and providers |
During the year the GRDC put in place a number of innovative and flexible relationships, including:
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Evidence of intellectual property of significant value generated over the life of Driving Innovation |
Over the duration of Driving Innovation, the GRDC developed significant value from its intellectual property through registration of patents, plant breeder’s rights and trade marks. PatentsThe GRDC and related entities filed several national and international patents. The patent titles included:
Plant breeder’s rightsMore than 100 new commercial plant breeder’s rights applications were registered by the GRDC and its research partners. More disease resistant and higher yielding varieties have been developed and have included:
Trade marksTrade marks registered by the GRDC to facilitate the creation of value to the grains industry include ‘Grain and Graze’, ‘GoGrains’, ‘eNIRgy’, and ‘Ute Guide’. |
Compliance objective:Ensure corporate compliance with all statutory and legal requirements |
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| Indicator | Performance |
Ongoing endorsement by the Minister of statutory corporate planning and reporting documents |
In 2006–07, the Minister endorsed the GRDC Portfolio Budget Statements 2007–08, the GRDC Statement of Intent 2007, the GRDC Strategic R&D Plan 2007–12 and the GRDC Annual Operational Plan 2007–08. |

