As a mere small shareholder, it seems GNC has to concentrate on constantly enhancing its online offerings through multiple channels.
While the median age of graingrowers must be high - similar to farmers generally - the 'Millennials' (a word I dislike) and 'Generation Z' are 'digital natives', unlike some of us aged 50 and above, so they 'want to trade'.
GNC is doing an excellent job at directly, or indirectly, capturing a very good share of the massive 2020 winter harvest.
One area I am worried about (being a city boy) is ongoing growth in farm storage, although if such grains are exported in the better years when there's a surplus above domestic requirements, GNC still gets a cut.
Some media have suggested that in Australia (not just GNC's east coast), total storage facilities including silos, bunkers, on-farm and I assume at port has reached above 50 million tonnes. One analyst viewed this as excessive: it means low percentage utilsation in many calendar years.
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