Grain producers are legally obligated to pay end point royalties on certain crop varieties. To assist grain producers and royalty managers most buyers will deduct the applicable end point royalty from grower payments and remit the funds to the relevant royalty manager. All varieties, relevant breeders and rates are listed below.
Primary Industry Funding Schemes:
Grain Industry Fund (GIF) – 0.10% of the farm-gate value
Grain Industry Research and Development Fund (GIRDF) – 0.12% of the farm-gate value