Grain Growers to Benefit From 10 Year Investment
The Acting Prime Minister the. Hon. Barnaby Joyce and the NSW Minister for Primary Industries the Hon. Niall Blair MP today jointly announced a bilateral agreement between GRDC and the New South Wales (NSW) Department of Primary Industries (DPI), at the Sustainable Farming Centre in Tamworth.
The agreement provides a long term commitment to maintaining and building scientific capacity, infrastructure and technology investments, primarily for the NSW grains industry. The agreement commits almost $65 million over the first five years of a planned 10 year joint investment of up to $130 million.
The agreement is the latest in a series of large investments made by the GRDC in joint initiatives. Recent initiatives include a $45 million joint investment with Bayer to establish the Herbicide Innovation Partnership to provide growers with new technologies to manage resistant weeds; and a $98 million joint investment with Curtin University to establish the Centre for Crop and Disease Management, which aims to reduce the economic impact of crop disease for Australian growers.
The agreement has three themes:
a. winter crop agronomy research covering cereals, pulses and oilseeds
b. winter crop pathology research covering cereals, pulses and oilseeds
c. capacity and infrastructure to support grains research.
The objectives of the agreement include:
d. increasing productivity and innovation in agriculture
e. increasing the capacity of agriculture to respond to risk
f. increasing the capacity of agriculture to adapt to change
g. helping farmers unlock new markets, improve profitability, improve disease and pest management and reducing input costs.
The agreement is due to commence on 17 February 2017 for an initial five year period, with the possibility of an additional five year extension.
GRDC Chair John Woods congratulated and thanked all staff involved in negotiating the agreement which will deliver on the organisations purpose of creating enduring profitability for Australian grain growers.
The annual investment for the five year agreement is $6,458,800 each from GRDC and NSW DPI totally $32,294,000 over the five years. The Total Budget is $64.588 million.