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Overview

This Strategic R&D Plan, Prosperity though Innovation, sets out the objectives that the Grains Research and Development Corporation (GRDC) will work to achieve in the period from 2007-08 to 2011-12, and the strategies that the corporation will adopt to achieve these objectives.

Photo of Terry J. Enright

Terry J. Enright

The Strategic R&D Plan provides a framework for investment and delivery of outputs that will address the priorities of Australian grain growers and the Australian Government over the next five years. It also describes the GRDC's business processes and the performance indicators that will be used to measure the success of the strategies and their impact on the grains industry and the wider community.

The GRDC operates in an ever-changing grains industry. Over the next five years the most likely drivers of change in the GRDC's business environment include productivity growth, growers’ terms of trade, climate change, water scarcity, grain market dynamics, customer expectations and farm demographics.

The GRDC's primary objective is to support effective competition by Australian grain growers in global grain markets, through enhanced profitability and environmental sustainability. This objective will be achieved by four overarching corporate strategies that will drive the activities of the GRDC over the next five years:

Underlying these corporate strategies are the operational strategies of the GRDC's four lines of business (LOBs). The development of the operational strategies involved extensive discussions and consultation with the GRDC's stakeholders, including grain growers, grower groups, grower organisations, the Australian Government and research partners.

The Strategic R&D Plan will be implemented through five annual operational plans. The GRDC will annually review the Strategic R&D Plan, taking into account changes in its business environment and making adjustments to the strategies if necessary.



The effective implementation of the corporate and operational strategies depends on the GRDC's culture and values, structures, systems, skills and resources. The GRDC will ensure that these are aligned with its strategies so that the Strategic R&D Plan delivers grower profitability and environmental sustainability.

Prosperity through Innovation is a plan for action and for seizing the opportunities presented by changes in the business environment. Over the past 16 years the GRDC and its research partners have been driving innovation in the grains industry. The GRDC is confident that the objectives and strategies outlined in Prosperity through Innovation will contribute to increased productivity in the grains industry in the years ahead and meet the priorities of Australian grain growers and the Australian Government.

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