The surrounding areas produce wheat and other cereal crops. The town is a receival site for Cooperative Bulk Handling. Recently changes have included the development of the "Multi Art Space", the introduction of a visitor centre in the old station master's house and an improved townscape. A range of economic developments are underway including a new residential sub-division and light industrial area. There is also Living Towns Lake Grace where over 130 commercial enterprises are working together to improve the local economy.