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Grains Research and Development Corporation spends extra $30m
Story by | Added 29-12-2015 | Source | Leave a Comment

THE Grains Research and ­Development Corporation spent an extra $30 million on research, development and ­extension this year, despite revenue dropping.

The GRDC’s annual report, released last week, showed a jump in research expenditure from $165 million in 2013-14 to $194 million in 2014-15.

Meanwhile, revenue tumbled $6 million to $203 million.

Total expenditure was up almost $32 million to $216 million. Grower levies collected were down $2.8 million on last year’s record haul to $117.5 million. The GRDC’s operating deficit of $12.8 million was well down from the surplus of $24.7 million the previous year.

Key research programs include a five-year frost research project, the establishment of the Australian Pastures Genebank and a high rainfall facility at Hamilton, partly funded by the Victorian Government.
This year, the GRDC also announced a five-year, $45 million partnership with Bayer CropScience for weed management. It also has a five- year $25 million deal with Curtin University for crop disease.

GRDC chairman Richard Clark and manager director John Harvey, refused to be ­interviewed by The Weekly Times on the release of the ­report. However in the annual ­report they flagged changes to the future of research.

“State government departments ... are reducing their role in (research and ­development and extension) due to declining budgets,” the report said. “The private sector is playing an increasingly important role in grains innovations.”

When asked how the GRDC would maintain open access to grower-funded research, a spokeswoman said in a statement: “When necessary, GRDC partners with the private sector to deliver outcomes of GRDC-funded research to growers. This is the case for investments in genetics, engineering and crop protection chemistry.”




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