End point royalties explained
END POINT ROYALTIES EXPLAINED: As southern region grain growers watch their crops develop and ripen, their thoughts will be turning to commodity prices and harvest logistics. The subject of end point royalties may also cross their mind, so to assist growers in understanding the EPR system, the Grains Research and Development Corporation (GRDC) has developed a fact sheet which explains why EPRs exist and how they are collected. According to the fact sheet, EPRs are an essential income source for Australia’s cereal, pulse and oilseed breeding programs. The Plant Breeder’s Rights Act gives the variety owner the exclusive right to sell the variety, which includes the right to collect royalties for commercial use. EPR is a fee charged for the use of a PBR variety. The EPR fact sheet is being mailed to growers in the September-October issue of the Ground Cover magazine. It is also available for viewing and download via www.grdc.com.au/GRDC-FS-EndPointRoyalty. Further information about EPRs is available via a new central website www.varietycentral.com.au. The site is a joint initiative developed by the EPR steering committee, which comprises representatives from all industry sectors including breeders, seed commercialisers, grain traders and the GRDC.
GRDC project code: SED00001
Authorised by the GRDC and distributed on its behalf by Porter Novelli, phone 0409 675100.
This Grain Flash and other media products are available via www.grdc.com.au/media
GRDC Project Code SED00001