Grains industry recovers from millennium drought

A stocktake of Australia's grains sector reveals production has returned to long-term averages, with growers recovering financially from the millennium drought.

Grain Growers has published its State of the Australian Grains Industry 2016, updating its previous report from 2011.

It paints a picture of an industry transformed by deregulation and opened up to the forces of international markets.

Average grain production across the sector has increased in value by 50 per cent, to $13.5 billion in the five years to 2015, when compared to the previous five year period

Read the ABC Rural story - “Australian grain producers make strong recovery from millenniumdrought: report.”