Abstract:
The better than anticipated 2005 harvest result has underpinned the Corporation’s capacity to invest with research providers to continue the implementation of our strategic R&D priorities during 2005–06. Production is expected to be in the region of 2.9 million bales— 0.9 million bales more than budgeted. That said, while the prospects for the 2005–06 crop have improved, with good winter rains in key production areas, drought conditions and low world cotton prices are still with us and the coming year will again be challenging. Consequently, the Corporation continues to remain prudent in its investment decisions to ensure that our government and industry stakeholders gain maximum value for each dollar invested. To achieve this, CRDC is placing an increasing emphasis on doing more with less and seeking co-investment with a wide range of partners so as to collectively gain greater value from our research budgets.
