Rural Solutions SA - GRDC · [email protected] Max Young Chair 0419 839 008 [email protected] Bryan Smith Trustee (Group A) ... South Australia’s sheep producers, investing

2020Farm Gross Margin and Enterprise Planning Guide A gross margin template for crop and livestock enterprises

Rural Solutions SARural Solutions SA

/SAGITFund @SAGrainTrust bit.ly/SAGITYouTubewww.sagit.com.au

SA grain growers funding research solutions

S A G I T

Michael TreloarTrustee (Group A)0427 765 [email protected]

Max YoungChair0419 839 [email protected]

Bryan SmithTrustee (Group A)0459 256 [email protected]

Ted LangleyTrustee (Group A)0407 398 [email protected]

Dr Allan May�eldScienti�c O�cer0418 818 569allan@asmay�eld.com.au

Malcolm BuckbyProject Manager08 8210 [email protected]

The Trustees

SAGIT Management

Andrew BarrTrustee (Group B)0408 331 [email protected]

SAGIT has a board of four grower trustees (Group A) and a trustee appointed by the Minister for Agriculture (Group B). Our management team oversees the trust’s operations.

SAGIT communications are managed by AgCommunicators. For any social media, website, or other inquiry, please contact:

Bridget Penna08 8332 32770429 676 [email protected]

A gross margin template for crop and livestock enterprises

Farm Gross Margin and Enterprise Planning Guide 2019


Provides representative gross margins for all major extensive crop and livestock enterprises across South Australia

Compares the sensitivity of profit of enterprises to a change in production and price

Includes a comprehensive list of major cropping and livestock input costs

A Rural Solutions SA publication

Sponsored by SAGIT and SIF

ISSN – 2207-2349 (Print)

ISSN – 2207-2357 (Online)

DISCLAIMER

This guide has been prepared in good faith on the basis of the information available at the date of publication without any independent verification. The South Australian Grain Industry Trust, Rural Solutions SA and the Grains Research and Development Corporation do not guarantee or warrant the accuracy, reliability, completeness or currency of the information in this guide nor its usefulness in achieving any purpose.

Readers are responsible for assessing the relevance and accuracy of the content of this guide. The South Australian Grain Industry Trust, Rural Solutions SA and the Grains Research and Development Corporation will not be liable for any loss, damage, cost or expense incurred or arising by reason of any person using or relying on the information in this Farm Gross Margin Guide.

Published February 2020


Farm Gross Margin and Enterprise Planning Guide 2020The South Australian Grains Industry Trust (SAGIT), in association with the South Australian Sheep Industry Fund (SIF), Primary Industries and Regions SA (PIRSA) and the Grains Research and Development Corporation are pleased to produce this annual publication on expected Gross Margins for broadacre cropping and livestock enterprises in South Australia. It incorporates latest information on input and output pricing to give estimates of the relative profitability of different farm enterprises, as an aid to decision making in enterprise selection. With funding from SIF, the livestock and pasture gross margins have been reviewed and updated.

Each year farmers are confronted with an array of challenges brought on by the vagaries of weather, production and marketing. In 2019, growing season rainfall was highly variable with very much below average rainfall in all agricultural districts except the South East, Southern Yorke Peninsula and Lower Eyre Peninsula. With below average summer rainfall there was limited opportunity to conserve soil moisture. Patchy and late opening rains, limited early crop growth in some districts. Average to above average rainfall in May and June gave some optimism, however extremely dry conditions in July, August, September and October with numerous frosts in September and early October, severely impacted yields in many districts. Some crops were cut for hay, due to frost damage or drought. Livestock returns have generally remained strong, although the fall in the wool price has impacted on merino flocks. The lack of pasture feed and the high cost of hay and grain has impacted many livestock enterprises.

There have been subtle but significant changes in crop diversity over the past decade. Traditionally, virtually all rotations in SA were cereal based, with wheat largely king. However, recently we have seen the emergence of the concept of wheat as a break crop to more valuable alternatives. Examples of this are canola on Lower Eyre Peninsula and lentils on Yorke Peninsula. Integral to this evolution has been the adoption of new and/or cheaper technologies such as herbicide tolerant varieties and cheaper fungicides.

The recent run of dry springs has tested the profitability of these ‘break crops’, particularly in the lower rainfall areas, with an increasing number of farmers reverting back to lower risk cereal crops and pastures.

Therefore it has become critical to assess the potential profitability of alternatives when making enterprise selection decisions. Clearly, while this remains an area for individual decision making for each farm business, it is also clear that tightening margins are driving the need for a more robust examination of the risks and rewards of the various alternatives.

We believe that a healthy examination of gross margins of alternative enterprises is an effective tool in assisting with the process. To this end, we are pleased to be involved in the evolution of the Excel based version of the Farm Gross Margin Guide. This tool has all the normal practices for enterprises pre-loaded into an editable version which can be quickly and easily adjusted to represent individual farmer circumstance. This allows the incorporation of individuals own beliefs and judgements in producing their relevant numbers to aid decision making.

In farm business management, the focus is on getting the most from existing land and assets. The partners in this publication have important roles in this process. The South Australian Grain Industry Trust (SAGIT) provides local solutions to local problems, investing more than $2 million each year in supporting SA centric grains research. The South Australian Sheep Industry Fund (SIF) supports programs that deliver benefit to South Australia’s sheep producers, investing over $3 million in these programs in 2018-19.Rural Solutions SA’s purpose is to assist primary industries and regions to grow, innovate and maximise their economic growth potential.

This guide is one of few publications that provide gross margins for both crops and livestock enterprises across the range of South Australian rainfall zones.

The South Australian Grain Industry Trust and the Grains Research and Development Corporation has pleasure in partnering with PIRSA’s Rural Solutions SA and the South Australian Sheep Industry Fund to produce and distribute this guide as a valuable aid in your decision making.


Sheep Industry FundThe Sheep Industry Fund (SIF) is established by under the Primary Industry Funding Schemes Act 1998.

All sheep owners in South Australia contribute $0.67 per head to the Sheep Industry Fund when 5 or more sheep are sold for $5 per head or more. This contribution currently comprises:

a general contribution of $0.55 a dog fence rebuild contribution of $0.12.

The SIF is invested in programs that deliver benefit to South Australian sheep producers. Current investment priorities include:

Animal Health Traceability Predator Control Advocacy Industry Development

More information can be found at www.pir.sa.gov.au/sheep-industry-fund.

IMPORTANT NOTE: An editable Excel version of this guide has been produced which allows easy adjustments of these Gross Margins to individual circumstances. Please visit the SAGIT, GRDC or PIRSA websites to download the Excel version.

Max Young

Chairman SAGIT

John Bennett

Chairman, GRDC Southern Panel

Daniel Casement

Executive Director,Rural Solutions SA

SheepConnect SA is a partnership between Australian Wool Innovation Limited and the SA Sheep Industry Fund

Increasing the knowledge and skills of SA wool and sheep producers, in the areas of technology, sheep health, increased lamb survival and business and risk management, by providing timely and relevant technical information.

‘connecting people in the business of sheep'

CONTACTJodie Reseigh - SCSA CoordinatorMobile: 0428 103 886Email: [email protected]

Website: www.sheepconnectsa.com.auTwitter: @SheepConnectSAYouTube Channel: https://bit.ly/2zl4idH


ContentsIntroduction ......................................................................................................................................2

Using Gross Margins for Farm Planning ....................................................................................4

Calculating Your Own Gross Margins ........................................................................................5

Strategies for Maximising Returns from Individual Enterprises ............................................6

2020 Gross Margin Estimates ....................................................................................................10

APW Wheat ............................................................................................................................. 12

Durum Wheat .......................................................................................................................... 14

Malting Barley .......................................................................................................................... 16

Feed Barley ............................................................................................................................. 18

Milling Oats .............................................................................................................................20

Triticale ....................................................................................................................................22

Export Oaten Hay .................................................................................................................... 24

Grain Vetch ..............................................................................................................................26

Lupins ......................................................................................................................................28

Red Lentils ..............................................................................................................................30

Red Lentils (Imi Tolerant)...........................................................................................................32

Field Peas ...............................................................................................................................34

Faba Beans .............................................................................................................................36

Chickpeas ...............................................................................................................................38

Canola – Conventional .............................................................................................................40

Canola – Triazine Tolerant .......................................................................................................42

Canola – Clearfield Hybrid ........................................................................................................44

Canola - Roundup Ready ........................................................................................................46

Sown Pasture Vetch ................................................................................................................48

Self-Regenerating Pasture .......................................................................................................50

Dry-land Lucerne Pasture ........................................................................................................52

Phalaris sub-clover Pasture ......................................................................................................54

Prime Lamb – High Rainfall ......................................................................................................56

SR Merino – High Rainfall .........................................................................................................58

Merino Wethers – High Rainfall .................................................................................................60

Lamb Trading – High Rainfall ....................................................................................................62

Prime Lamb – Cereal Zone .......................................................................................................64

SR Merino – Cereal Zone .........................................................................................................66

Merino Wethers – Cereal Zone .................................................................................................68

Cleanskin Sheep – Cereal Zone ............................................................................................... 70

Prime Lamb – Pastoral ............................................................................................................. 72

SR Merino – Pastoral................................................................................................................ 74

Merino Wethers – Pastoral ....................................................................................................... 76

Beef Cattle – High Rainfall ........................................................................................................ 78

Beef Cattle – Cereal Zone ........................................................................................................80

Beef Cattle – Pastoral ...............................................................................................................82

Beef Trading – High Rainfall ......................................................................................................84

Beef Feed Lot ..........................................................................................................................85

Farm Costs ..................................................................................................................................... 87


Introduction"The key task of farm management is making choices between alternatives. Farm management analysis is about analysing those choices (and) encompasses considering alternative actions under risky and uncertain circumstances.” Malcolm, B.,

Makeham, J. and Wright, V. 2005, ‘The Farming Game’, Cambridge University Press.

The choice of enterprises within a farm system remains a complex decision with a range of possible scenarios. There is generally no best bet system - differences in climate, soil type, market access, labour and management all contribute to the need for land managers to negotiate a system which fits their individual needs. A general outcome being sought from the farming system is profit maximisation at an acceptable level of risk.

The gross margin for a farm enterprise is one measure of profitability that is a useful aid to enterprise planning. The calculation of gross margins can be the starting point for construction of cash flow budgets and assessment of whole farm profitability. They can also be used to assist in assessing the opportunity to develop new farm enterprises.

What are Gross Margins?Gross margin profit is the difference between the annual gross income for that enterprise and the variable costs directly associated with the enterprise.

In constructing gross margins, fixed (overhead) costs are ignored, as it is considered that they will be incurred regardless of the level of the enterprise undertaken.

The gross margin of different enterprises should not be compared if they have different overhead costs.

The direct comparison of gross margins is most useful when the various alternatives fit into the same part of the rotation e.g. the cereal or legume phase. The gross margins in this booklet have been grouped on this basis.

The base gross margins included in this book should be adjusted as required for commodity prices, yield, input costs and input items. These items vary considerably between different locations and different farm businesses.

Treatment of machinery - It is assumed that most machinery items (tractors, seeders, sprayers, harvesters etc.) are owned by the farm business. In each gross margin in this guide, the operating costs (fuel and repairs) have been included based on the number of machinery passes specified. No allowance is included in the gross margin for machinery ownership costs such as depreciation or opportunity cost of capital. When calculating enterprise profitability, these ownership costs need to be included. An alternative is to include all machinery costs at full contract rates.

Compare the relative profitability of current farm enterprises, paddocks or rotations

Estimate changes in enterprise profit caused by changes in price, cost or yields

Pinpoint high cost or low income areas in the existing farm plan

Evaluate the profitability of a re-organisation of the farm enterprise mix

3A gross margin template for crop and livestock enterprises

Limitations of Gross MarginsThe gross margins prepared within this publication have been designed to represent ‘average case scenarios’ within the respective rainfall zones of South Australia. They should be treated strictly as a base guide only and adapted by users for their particular situations.

Gross margins are best used to compare enterprises that make use of the same resources on the property. They cannot be used where varying capital input is needed for an enterprise. Cropping and livestock gross margins can only be compared if all capital resources are already on the property.

Estimates of inputs and production can vary from what actually occurs. Although a crop might have the highest gross margin, it might be the most sensitive to variation. Commodity prices, seasonal conditions, pests and disease can significantly affect the eventual gross margin. Risk can be assessed by comparing gross margins calculated with varying values for an input.

Sensitivity analysis tables are included in the guide to help determine the impact on the gross margin of significant changes in yield and price. These tables assume input costs remain the same, however generally these will vary with changes in yield.

Agronomic information including chemical rates are provided as a guide only and exact agronomic recommendations will vary with location, soil type and a number of other factors.

Gross margins have been broadly delineated into production zones based on rainfall. Average annual rainfall zones have been classified as ‘Low Rainfall’ (<350 mm), ‘Medium Rainfall’ (350–400mm) and ‘High Rainfall’ (>400mm).

KEY POINTMake your own adjustments to the gross margins in this book using the Excel editable version


Using Gross Margins for Farm PlanningGross margins are just one component of a whole range of factors which go into enterprise selection for paddocks and zones on a farming property. There are other core characteristics of farming systems which potentially contribute to success over time. These include:

1. Appropriate level of income diversificationVirtually all cropping systems in South Australia involve some level of diversification. The traditional approach has been to include livestock although most farm systems in more favoured cropping locations have reduced or even removed livestock from the system. These areas tend to have a more diversified range of crop options than lower rainfall systems.

2. Adoption of right rotations, along with attention to detail“Right rotations pay - they don’t cost”. This catch cry from the Right Rotations initiative in the 1980’s continues to be relevant. Appropriate crop sequencing involves decisions around weed, disease and nutrition implications along with other considerations such as herbicide residues, carry-over of water from previous crops etc. There is also no substitute for good agronomy and/or livestock husbandry.

3. Understanding and acknowledging comparative advantageThis applies both to the business location and the technical and personal characteristics of business managers. Some crops are just not suitable to be grown in certain areas, and some people just should not run livestock! Understanding and working with variations in land capability across farms is important.

4. Meeting market requirementsOur mixed farming systems in SA have traditionally produced grain and livestock products which generally have had good demand and acceptance on world markets. The caveat here is that even though market acceptance is good, difficulties can arise when supply and demand get out of balance resulting in poor prices which test farm business profitability.

Gross margins on their own do not make the decision on enterprise selection across the property. Each activity undertaken on a farming property will have an impact on other activities:

Some may be complimentary such as cropping enterprises which provide a feed base to livestock through crop residues

Crops planted in one year will have a rotational effect on subsequent crops (both positive (e.g. cereals on legumes) and negative (e.g. canola on canola)

For more information on the use of gross margin analysis, refer to the following GRDC publications:

Farm Financial Tool- Crop Gross Margin Budget

www.grdc.com.au/GRDC-FS-FFT-CropGrossMarginBudget

Farm Financial Tool- Livestock Gross Margin Budget

www.grdc.com.au/GRDC-FS-FFT-LivestockGrossMarginBudget


Calculating Your Own Gross Margins

The gross margins in this guide are designed to provide a template only, for users to adapt to their own situation, and should not be relied upon as representative of any one particular situation.

The gross margins shown in this publication are designed to represent a fair estimate of returns available from cropping and livestock enterprises across the cropping regions of South Australia using good management practices. However, clearly, expected outputs along with inputs (e.g. rates and types of fertiliser and weed control treatments) will vary depending on individual circumstances.

An Excel based editable version of the gross margins shown in this guide is available for download from the following websites:

www.pir.sa.gov.au/consultancy/farm_gross_margins_and_enterprise_planning_guide

www.sagit.com.au/publications/

www.grdc.com.au

Using the Excel version allows for easy adjustments of the pre-loaded information. Remember that these calculations are not meant to be an exact science - roughly right is better than precisely wrong! Use your own estimates when the values vary significantly from those included in the example.

Calculating the break-even yield needed to cover variable costs will give some indication of the riskiness or exposure of the particular enterprise. Remember, of course, that there are many other costs (in addition to the variable costs) which need to be covered before a profit is made. Such costs include overhead costs, depreciation, interest and labour and management. Reference to the sensitivity tables will provide further information on how the returns from the enterprise are expected to respond to a range of prices and yields.

2020 South Australian Crop Sowing GuideThis guide, compiled by officers from SARDI and sponsored by SAGIT, PIRSA and GRDC provides information on appropriate varietal selection to maximise production and profitability from broadacre cropping and should be read in conjunction with this Farm Gross Margin Guide.

ARE YOU GROWING THE BEST VARIETY FOR YOUR SITUATION?

2020SOUTH AUSTRALIANCROP SOWING GUIDE SOUTH AUSTRALIA

DECEMBER 2019

GRDC2020_SowingGuide_SA.indd 1 4/12/19 12:23 pm


Strategies for Maximising Returns from Individual EnterprisesThis Gross Margins Guide aims to cover all broadacre cropping and grazing areas in South Australia. Circumstances obviously vary significantly across different regions. However, there are some rules of thumb and other resources which can provide guidance on decision making to aid in maximising returns from individual enterprises.

A national benchmarking study found that the superior profitability achieved by the Top 20% of producers is a function of four primary profit drivers:

1. gross margin optimisation, 2. developing a low cost business model, 3. people and management and 4. risk management

It is the interaction of these that results in very different profit outcomes and if one of these is overlooked it will compromise long term profit potential at some point.

Key cropping enterprise profit drivers

1. Operational timeliness Across the full calendar year for all operations This will leverages 10% to 15% more yield

2. Agronomy Robust crop rotation and crop management A disciplined approach to variable costs (less than 40% of turnover)

3. Machinery utilisation 0.7 : 1 Machinery Investment : Income ratio or lower

4. Labour utilisation Greater than $600,000 turnover per full time equivalent (FTE)

Storage of Out of Season Soil Water Provides the opportunity to significantly improve Water Use Efficiency and hence crop performance. The key to effective storage of soil moisture over the summer period is to get the soil water deep in the soil profile, below the zone subject to evaporation and then retain soil moisture through to seeding by control of summer weeds. Below average spring and/or summer rainfall will limit the opportunity to store soil moisture.

Lighter Mallee type soils

Rainfall events above 40mm in December/January should result in some stored moisture with summer weed control

Less than 40mm rainfall events may still warrant summer weed control for ease of seeding operations and nutrient retention (mainly N)

There is a strong case to apply zero tolerance summer weed control policy on light soils with no sub-soil limitations

Heavier soils

May require larger rainfall events (up to 100mm) in December/January to store soil moisture if soils are already very dry

Smaller rainfall events from February onwards will warrant control of germinated weeds Control of summer weeds earlier than February may also be dependent on other considerations e.g.

improved ease of sowing, low cost of control, nutrient retention


Maximising Time of Sowing BenefitsEarly seeding generally provides the most reliable yield outcome, particularly in low rainfall situations. However, frost prone areas have special considerations which need to be taken into account.

Sowing Opportunity with Early Break

Frost Risk Start Sowing

Low After mid April

Medium After 25th April

High After early May

Sow at the optimum time, even in high frost risk areas. Use appropriate varieties to manage flowering time

The yield loss from moisture and temperature stress during spring will usually be far greater than the damage caused by frost

The most severe and damaging frosts are those associated with dry conditions in mid to late spring (black frosts), which can be devastating even to crops that have completed flowering

Ensuring Efficient Fertiliser PracticesFor more information on Better Fertiliser Decisions refer to the following GRDC factsheet, www.grdc.com.au/GRDC-FS-BFDCN

Aim to maintain soil nutrient status at appropriate levels to maximise sustainable and profitable production.

Phosphorous Replacement Levels

Crop Removal Removal plus losses #

Cereal grain 3 kg/t 4 kg/t

Pulses 4 kg/t 5 kg/t

Canola 7 kg/t 8 kg/t

Cereal hay 2 kg/t 2.5 kg/t

# higher rates may be required on calcareous / ironstone soils or those with moderate to low available P.

Reduce P application on soils with sub soil constrains when:

Moderate to low stored soil moisture And crop sown more than 3 weeks after the optimum sowing date.

N Fertiliser

Wide range of soil types, rotational histories and climatic conditions means that Nitrogen requirements of crops will vary considerably. Assess opening N supply (e.g. by using deep soil sampling) and then monitor yield and N requirements through models such as Yield Prophet® or the CSIRO developed Yield and N Calculator.

Refer www.yieldprophet.com.au

Micronutrients and trace elements

Micronutrient deficiencies can be tricky to diagnose and treat. By knowing your soil type, considering crop requirements and the season, and supporting this knowledge with diagnostic tools and strategies, effective management is possible.

Refer www.grdc.com.au/GRDC-FS-CropNutrition-Micronutrients


PestFactsPestFacts is a FREE electronic newsletter service, produced by SARDI, designed to keep growers and advisers informed about invertebrate pest-related issues and solutions as they emerge during the growing season. PestFacts issues warnings (or reminders) for a range of invertebrate pests of all broad-acre crops including pulses, oilseeds, cereals and fodder crops.

Refer www.pir.sa.gov.au/research/services/reports_and_newsletters/pestfacts_newsletter

LivestockThe following indicators are useful to measure the productivity and efficiency of your livestock enterprises over time or against similar businesses.

Key Livestock profit drivers

1. Sheep productivity > 5kg clean wool/ ha/100mm rainfall = strong > 15kg lamb dwt/ha/100mm rainfall

2. Cost of production $ per kg clean wool $ per kg lamb dwt $ per kg beef dwt

3. Stocking rate In areas with more than 350mm rainfall the use of improved pasture species and fertilisation > 1.5 DSE's/ ha/100mm rainfall = strong for wool > 2 DSE’s/ha/100mm rainfall = strong for prime lambs

4. Fertility and lamb/calf survival (weaning percentage)5. Labour productivity (DSE/labour unit)

South Australia’s Family and Business (FaB) Support Program is here to help farmers, farming families and regional businesses in drought affected communities.

Each mentor is experienced in discussing and addressing the difficult issues that come about as a result of drought and other adverse events.

The mentors work closely with other service providers such as Rural Financial Counselling and local health networks and will connect people to those services as required.

They can also help make the connection between drought assistance and other support measures currently available through government, non-government and community organisations and donations.

They provide a free, informal, confidential, independent and understanding approach available for individuals, families or businesses in South Australia who may be affected by drought.

Our FaB Support teamThe team of FaB Support Mentors are available to meet, listen and, if needed, connect people to appropriate services and programs. This program is provided at no cost, as part of the State Government’s Drought Support Program.

Our FaB Support team are:

FaB Support Region Mobile Email

Robyn Cain Murray Mallee/Upper North 0411 633 085 [email protected]

John Chase Murray Mallee 0419 848 672 [email protected]

Brent Fletcher Murray Mallee/Pastoral 0439 409 430 [email protected]

Helen Lamont Eyre Peninsula 0409 885 606 [email protected]

Steve Whillas Eyre Peninsula 0458 852 268 [email protected]

Judy Wilkinson Upper North 0401 122 049 [email protected]

John White Upper North/Pastoral 0447 787 436 [email protected]

Colleen White Adelaide Hills 0409 388 649 [email protected]

This program is funded by the South Australian Government and the Country SA PHN and delivered through Primary Industries and Regions SA, as part of the South Australian Drought Support Program.

Call the FaB Support team direct on their mobile or via the 24-hotline 1800 255 556 or email [email protected]

For more information on drought assistance, farm and technical advice, workshops and current outlook go to pir.sa.gov.au/drought

Family and Business Support Program


2020 Gross Margin EstimatesThe tables below summarise the anticipated gross margins for all crops and livestock for 2020.

Commodity Prices Historical DataHistorical commodity price data and trends can be used as a guide in assessing average returns over time and also the variability of those returns for any given commodity.

NOTE: 20/21 Forecast Grain Prices: Forecast grain prices for 20/21 are affected by the value of the Australian Dollar, world consumption, and Australian and other major grain exporting countries production. Future pricing is uncertain and caution is needed with projections.

Commodity pricing in the following table is on delivered end-user basis- e.g. Grain is delivered port basis (Adelaide).

LIVESTOCK

Commodity $/ha Low Medium HighPastoral

ZoneCereal Zone

High R/F Zone

APW Wheat 320 562 842 Prime Lambs 44 84 71Durum 305 671 1,071 Merino breeders 58 76 79Malt Barley 263 485 784 Merino wethers 34 47 47Feed Barley 213 398 653 76Milling Oats 341 693 1,003 26 25 27Triticale 170 367 564 Beef Trading 5.22Oaten Hay 394 691 909 Beef Feed Lot $/hd 24Grain Vetch 280 618 954Lupins 177 400 610Lentils 269 630 977Lentils- Imi Tolerant 206 518 813Field Peas 153 367 567Faba Beans 141 425 900Chickpeas (Kabuli) 199 394 630Canola- Conv 144 356 633Canola-TT 79 245 527Canola-Clear 107 287 564Canola- Roundup Ready 99 283 540Sown Pasture 207 412 645Self Regen Pasture 245 448 680Lucerne Pasture 325 552Phalaris sub clover Pasture 664

CROPPING

Beef CattleCleanskin

Enterprise $/dse

Commodity Jan 2016 Jan 2017 Jan 2018 Jan 2019Jan

20205 yr

Average2020

EstimateAPW Wheat ($/t) 250 220 240 390 330 286 300Durum ($/t) 370 305 310 397 450 366 400Malt Barley ($/t) 290 200 288 360 285 285 280Feed Barley ($/t) 205 160 225 330 265 237 250Milling Oats ($/t) 290 170 200 600 500 352 350Feed Oats ($/t) 275 150 180 500 400 301 300Triticale ($/t) 210 180 220 315 270 239 260Grain Vetch ($/t) 850 300 350 700 700 580 600Lupins ($/t) 380 230 270 550 450 376 400Lentils ($/t) 1340 680 420 600 600 728 570Field Peas ($/t) 550 350 285 640 470 459 400Faba Beans ($/t) 560 270 315 900 590 527 500Chickpeas 6-8mm Kabuli ($/t) 1050 1450 900 730 590 944 700Canola ($/t) 530 520 480 550 600 536 550Oaten Hay ($/t) 170 170 170 340 250 220 250


Comparative returns between farm enterprises – High Rainfall

Comparative returns between farm enterprises – Medium Rainfall

Comparative returns between farm enterprises – Low Rainfall


APW Wheat

COMMENTS(1) Seed grading plus Smuts and Bunts(2) Aphid Treatment(3) Includes Oil @ 0.5%(4) Includes Surfactant at 0.1%

AGRONOMIC NOTESNitrogen requirements will vary depending on individual paddocks- seek advice.If targeting higher protein, additional N inputs will be required.

2020

INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATE

Price (20/21 Forecast) $300 $300 $300

Quality APW (Change Price for other grades)

Yield (t/ha) 1.8 3.2 4.8

GROSS INCOME $540 $960 $1,440

VARIABLE COSTS Rate/ha Rate/ha Rate/ha

Cost Low $/ha Medium $/ha High $/ha

Seed

Seed $0.33 /kg @ 60 $19.80 80 $26.40 100 $33.00

Seed Treatment(1) $0.04 /kg @ 60 $2.27 80 $3.03 100 $3.79

Seed Treatment(2) $8.71 /100 kg @ 60 $5.23 80 $6.97 100 $8.71

Levies

GRDC Levies 1.0% Gross Income $5.40 $9.60 $14.40

EPR & state levies $3.50 /tonne sold $6.30 $11.20 $16.80

Fertiliser (Bulk)

18:20:0 $575 /tonne @ 45 $25.88 70 $40.25 100 $57.50

Flutriafol (on fert) $39.00 /litre @ 0.2 $7.80 0.2 $7.80 0.2 $7.80

Urea $500 /tonne @ $0.00 100 $50.00 200 $100.00

Chemicals-Herbicides

Summer Weed Control Various Allow $25.00 $25.00 $25.00

Pre-emergents

Trifluralin 480g/L $8.00 /litre @ 1.5 $12.00 $0.00 $0.00

Tri-allate 500g/L $11.50 /litre @ 1.6 $18.40 $0.00 2 $23.00

Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48

Carfentrazone 400g/L $151.80 /litre @ 0.02 $3.04 0.02 $3.04 0.02 $3.04

Sakura $343.20 /kg @ $0.00 0.118 $40.50 0.118 $40.50

Post-emergents

Topik (3) $33.36 /litre @ 0.085 $5.16 0.085 $5.16

M.C.P.A. LVE $8.14 /litre @ 0.5 $4.07 0.5 $4.07 0.5 $4.07

Metsulfuron methyl(4) $0.06 /gm @ 5 $0.72 $0.00 $0.00

Clopyralid 300g/L $17.25 /litre @ 0.075 $1.29 0 $0.00 0 $0.00

Paradigm® (3) $0.49 /gm @ 25 $14.58 25 $14.58

Fungicides

Epoxiconazole 125g/L $24.00 /litre @ 0.5 $12.00 0.5 $12.00

Amistar Xtra $34.00 /litre @ 0 $0.00 0.4 $13.60

Operations

Fuel & Oil $11.76 $14.11 $16.46

Repairs & Maintenance $14.07 $16.88 $19.69

Freight

Grain (t) $25.00 /tonne @ 1.8 $45.00 3.2 $80.00 4.8 $120.00

Fertiliser (t) $25.00 /tonne @ 0.05 $1.13 0.17 $4.25 0.30 $7.50

Contract Work

Aerial spraying $15.00 /ha @ $0.00 $0.00 1 $15.00

Urea spreading $8.50 /ha @ $0.00 1 $8.50 2 $17.00

Insurance $9.00 /$1000 @ $4.86 $8.64 $13.0

Other $0.00 /ha

$0.00 /ha

TOTAL VARIABLE COSTS $220 $398 $598GROSS MARGIN/hectare $320 $562 $842Break Even Price (to cover variable costs only) $122 $125 $125Break Even Yield (to cover variable costs only) 0.73 1.33 1.99Gross Margin based on last 5 year average price $374 $658 $986


GROSS MARGIN SENSITIVITY LOW RAINFALL

$250 $275 $300 $325 $350

0.5 -$51 -$38 -$26 -$14 -$1

Yield 1.2 $101 $131 $160 $189 $219

t/ha 1.8 $231 $275 $320 $364 $408

2.5 $383 $444 $506 $567 $628

3.5 $600 $686 $771 $857 $943

MEDIUM RAINFALL

$250 $275 $300 $325 $350

1 -$72 -$48 -$23 $1 $26

Yield 2 $144 $194 $243 $292 $341

t/ha 3.2 $405 $483 $562 $640 $719

4 $578 $676 $774 $872 $970

5 $795 $917 $1,040 $1,163 $1,285

HIGH RAINFALL

$250 $275 $300 $325 $350

2.5 $108 $169 $231 $292 $353

Yield 3.5 $325 $411 $496 $582 $668

t/ha 4.8 $607 $724 $842 $960 $1,077

5.5 $758 $893 $1,028 $1,163 $1,298

6.5 $975 $1,134 $1,294 $1,453 $1,613

Cash Price $/t

Cash Price $/t

Cash Price $/t

Machinery Costs- Assuming full ownership of machinery

(Fuel and repairs only- excludes depreciation and other ownership costs)

No. Fuel

$/ha $/ha

seed 1 3.00 4.16 spray 6 3.29 2.46 harvest# 1 7.78 5.13TOTAL 14.07 11.76# Rates are for low rainfall zone. Extra cost in higher yielding situations

Operation Repairs & Maint

HISTORIC PRICES AND TRENDS


Durum

COMMENTSAssumes durum follows a legume crop or pasture.Price assumes Durum 13% is achieved.(1) Seed grading plus Crown Rot (seedling infestations) and Smuts and Bunts(2) Aphid Control(3) Includes surfactant and/or oil

AGRONOMIC NOTESSome Durum varieties have a narrow safety margin with broadleaf herbicides. Seek advice. The effect is worse when the crop is under stress.

2020

INCOME YOUR


Price (20/21 Forecast) $400 $400 $400

Quality DR 1

Yield (t/ha) 1.4 2.7 4

GROSS INCOME $560 $1,080 $1,600


Cost Low Medium $/ha High $/ha

Seed

Seed $0.45 /kg @ 80 $36.00 90 $40.50 110 $49.50


Seed Treatment(2) $8.71 /100kg @ 80 $6.97 90 $7.84 110 $9.58

Levies



Fertiliser (Bulk)

Granulock Z $640 /tonne @ 45 $28.80 70 $44.80 100 $64.00

Urea $500 /tonne @ 50 $25.00 150 $75.00 200 $100.00



Trifluralin 480g/L $8.00 /litre @ 1 $8.00 $0.00 $0.00

Tri-allate 500g/L $11.50 /litre @ 1.6 $18.40 $0.00 $0.00

Boxer Gold $12.52 /litre @ $0.00 2.5 $31.30 2.5 $31.30



Post-emergents

MCPA LVE $8.14 /litre @ 0.5 $4.07 0.5 $4.07 0.5 $4.07

Clopyralid 300g/L $17.25 /litre @ 0.075 $1.29 $0.00 $0.00

Paradigm® (3) $0.49 /gm @ $0.00 25 $14.58 25 $14.58

Metsulfuron methyl(3) $0.06 /gm @ 5 $0.72 $0.00 $0.00

Operations

Fuel & Oil $11.34 $13.61 $15.88


Freight

Grain (t) $25.00 /tonne @ 1.4 $35.00 2.7 $67.50 4.0 $100.00


Contract Work

Aerial spraying $15.00 /ha @ $0.00 $0.00 $0.00


Insurance $9.00 /$1000 @ $5.04 $9.72 $14.40

Other

TOTAL VARIABLE COSTS $255 $409 $529GROSS MARGIN/hectare $305 $671 $1,071Break Even Price (to cover variable costs only) $182 $151 $132Break Even Yield (to cover variable costs only) 0.64 1.02 1.32Gross Margin based on last 5 year average price $375 $806 $1,271




No. Fuel

$/ha $/ha





$300 $350 $400 $450 $500

0.8 $8 $48 $87 $126 $165

Yield 1.4 $168 $237 $305 $374 $443

t/ha 2 $327 $425 $524 $622 $720

2.8 $540 $677 $815 $952 $1,089

MEDIUM RAINFALL

$300 $350 $400 $450 $500

1.5 $87 $161 $234 $308 $382

Yield 2.7 $406 $539 $671 $804 $936

t/ha 3.5 $619 $791 $962 $1,134 $1,306

4.5 $885 $1,105 $1,326 $1,547 $1,768

HIGH RAINFALL

$300 $350 $400 $450 $500

2 $147 $245 $343 $441 $539

Yield 3 $412 $559 $707 $854 $1,001

t/ha 4 $678 $874 $1,071 $1,267 $1,463

6 $1,210 $1,504 $1,798 $2,093 $2,387

Net Price $/t

Net Price $/t

Net Price $/t


Malting Barley

COMMENTSAssumes barley follows wheat. Price assumes Malting grade is achieved which is high risk. Achieving feed grade would result in lower Gross Margin. Having to windrow barley will reduce GM by around 25/ha.(1) Seed grading plus Smuts and bunts(2) Systiva Seed Dressing(3) Aphid Control(4) Includes surfactant and/or oil

AGRONOMIC NOTESUrea may not be required following a legume pasture or grain legume crop.

2020

INCOME YOUR


Price (20/21 Forecast) $280 $280 $280

Quality Malt

Yield (t/ha) 1.8 3.2 4.8

GROSS INCOME $504 $896 $1,344



Seed

Seed $0.29 /kg @ 60 $17.10 75 $21.38 80 $22.80

Seed Treatment(1) $0.04 /kg @ 60 $2.27



Levies



Fertiliser (Bulk)

18:20:0 $575 /tonne @ 45 $25.88 70 $40.25 100 $57.50

Urea $500 /tonne @ 50 $25.00 100 $50.00 200 $100.00



Pre-emergents

Trifluralin 480g/L $8.00 /litre @ 1.5 $12.00

Tri-allate 500g/L $11.50 /litre @ 1.6 $18.40



Boxer Gold $12.52 /litre @ 2.5 $31.30 2.5 $31.30

Post-emergents

M.C.P.A. LVE $8.14 /litre @ 0.5 $4.07 0.5 $4.07 0.5 $4.07

Metsulfuron methyl(4) $0.06 /gm @ 5 $0.72

Clopyralid 300g/L $17.25 /kg @ 0.04 $0.69

Paradigm® (4) $0.49 /gm @ 25 $14.58 25 $14.58

Fungicides

Cogito $24.17 /litre @ 0.25 $6.04 $0.00 0.25 $6.04

Amistar® $34.00 /litre @ 0.4 $13.60 0.4 $13.60

Operations

Fuel & Oil $11.34 $13.61 $15.88


Freight

Grain (t) $25.00 /tonne @ 1.8 $45.00 3.2 $80.00 4.8 $120.00


Contract Work

Aerial spraying $15.00 /ha @ 0 $0.00 1 $15.00 1 $15.00

Urea Spreading $8.50 /ha @ $0.00 1 $8.50 2 $17.00

Insurance $9.00 /$1000 @ $4.54 $8.06 $12.1

Other





No. Repairs & Maint Fuel

$/ha $/ha


Operation



$200 $250 $280 $350 $400

0.5 -$96 -$71 -$56 -$22 $2

Yield 1.2 $21 $80 $115 $198 $257

t/ha 1.8 $121 $210 $263 $386 $474

2.5 $238 $361 $434 $606 $729

3.5 $405 $577 $680 $920 $1,092

MEDIUM RAINFALL

$200 $250 $280 $350 $400

1 -$133 -$84 -$54 $14 $63

Yield 2 $34 $132 $191 $328 $426

t/ha 3.2 $234 $391 $485 $705 $862

4 $368 $564 $682 $956 $1,153

5 $535 $780 $927 $1,270 $1,516

HIGH RAINFALL

$200 $250 $280 $350 $400

2.5 $24 $146 $220 $392 $514

Yield 3.5 $191 $362 $465 $706 $877

t/ha 4.8 $408 $643 $784 $1,114 $1,349

5.5 $525 $794 $956 $1,334 $1,604

6.5 $691 $1,010 $1,202 $1,648 $1,967

Net Price $/t

Net Price $/t

Net Price $/t


Feed Barley

COMMENTSAssumes barley follows wheat.Having to windrow barley will reduce GM by around $25/ha.(1) Seed cleaning plus Smuts and bunts(2) Systiva Seed Dressing(3) Aphid Control(4) Includes surfactant and/or oil

AGRONOMIC NOTESUrea may not be required following a legume pasture or grain legume crop.

2020

INCOME YOUR


Price (20/21 Forecast) $250 $250 $250

Quality BAR 1

Yield (t/ha) 1.8 3.2 4.8

GROSS INCOME $450 $800 $1,200



Seed

Seed $0.27 /kg @ 60 $15.90 75 $19.88 80 $21.20

Seed Treatment(1) $0.04 /kg @ 60 $2.27

Seed Treatment(2) $0.35 /kg @ 75 $26.02 80 $27.76


Levies



Fertiliser (Bulk)

18:20:0 $575 /tonne @ 45 $25.88 70 $40.25 100 $57.50

Urea $500 /tonne @ 50 $25.00 100 $50.00 200 $100.00



Pre-emergents

Trifluralin 480g/L $8.00 /litre @ 1.5 $12.00 $0.00 $0.00

Tri-allate 500g/L $11.50 /litre @ 1.6 $18.40



Boxer Gold $12.52 /litre @ $0.00 2.5 $31.30 2.5 $31.30

Post-emergents

M.C.P.A. LVE $8.14 /litre @ 0.5 $4.07 0.5 $4.07 0.5 $4.07

Metsulfuron methyl(4) $0.06 /gm @ 5 $0.72

Clopyralid 300g/L $17.25 /kg @ 0.075 $1.29

Paradigm® (4) $0.49 /gm @ 25 $14.58 25 $14.58

Fungicides

Cogito $24.17 /litre @ 0.25 $6.04 $0.00 0.25 $6.04

Amistar® $34.00 /litre @ 0.4 $13.60 0.4 $13.60

Operations

Fuel & Oil $11.34 $13.61 $15.88


Freight

Grain (t) $25.00 /tonne @ 1.8 $45.00 3.2 $80.00 4.8 $120.00


Contract Work

Aerial spraying $15.00 /ha @ 0 $0.00 1 $15.00 1 $15.00


Insurance $9.00 /$1000 @ $4.05 $7.20 $10.8

Other





No. Fuel

$/ha $/ha


Repairs & MaintOperation



$150 $200 $250 $300 $350

0.5 -$119 -$94 -$70 -$45 -$21

Yield 1.2 -$35 $24 $83 $142 $200

t/ha 1.8 $37 $125 $213 $302 $390

2.5 $121 $243 $366 $488 $611

3.5 $240 $412 $584 $755 $927

MEDIUM RAINFALL

Net Price $/t

$150 $200 $250 $300 $350

1 -$179 -$130 -$81 -$32 $18

Yield 2 -$59 $39 $137 $235 $333

t/ha 3.2 $85 $242 $398 $555 $712

4 $180 $376 $573 $769 $965

5 $300 $545 $790 $1,036 $1,281

HIGH RAINFALL

Net Price $/t

$150 $200 $250 $300 $350

2.5 -$93 $30 $153 $275 $398

Yield 3.5 $27 $199 $370 $542 $714

t/ha 4.8 $182 $418 $653 $889 $1,124

5.5 $266 $536 $806 $1,076 $1,345

6.5 $386 $705 $1,024 $1,342 $1,661

Net Price $/t


Milling Oats

COMMENTSAssumes oats follows a cereal. If following a legume less N will be required.(1) Seed cleaning plus Smuts and bunts(2) Aphid treatment

AGRONOMIC NOTES

2020

INCOME YOUR


Price (20/21 Forecast) $350 $350 $350

Quality Milling

Yield (t/ha) 1.5 2.8 4

GROSS INCOME $525 $980 $1,400



Seed

Seed \ /kg @ 50 $0.00 65 $0.00 80 $0.00

Seed Treatment (1) $0.04 /kg @ 50 $1.89 65 $2.46 80 $3.03

Seed Treatment (2) $8.71 /100kg @ 65 $5.66 80 $6.97

Levies



Fertiliser (Bulk)

18:20:0 $575 /tonne @ 40 $23.00 60 $34.50 80 $46.00

Urea $500 /tonne @ 50 $25.00 100 $50.00 180 $90.00



Pre-emergents



Dual Gold $16.00 /litre @ 0.5 $8.00 0.5 $8.00 0.5 $8.00

Diuron $13.25 /kg @ 0.4 $5.30 0.4 $5.30 0.4 $5.30

Post-emergents

MCPA Amine $9.94 /litre @ 0.5 $4.97 0.5 $4.97 0.5 $4.97

Fungicides

Tebuconazole $14.90 /litre @ 0.145 $2.16 0.145 $2.16 0.145 $2.16

Operations

Fuel & Oil $11.76 $14.11 $16.46


Freight

Grain (t) $25.00 /tonne @ 1.5 $37.50 2.8 $70.00 4.0 $100.00


Contract Work

Aerial spraying


Insurance $9.00 /$1000 @ $4.73 $8.82 $12.60

Other

TOTAL VARIABLE COSTS $184 $287 $397GROSS MARGIN/hectare $341 $693 $1,003Break Even Price (to cover variable costs only) $123 $102 $99Break Even Yield (to cover variable costs only) 0.53 0.82 1.13Gross Margin based on last 5 year average price $566 $1,113 $1,603




No. Fuel

$/ha $/ha





$250 $300 $350 $400 $450

0.5 -$24 $0 $25 $50 $74

Yield 1.5 $194 $267 $341 $414 $488

t/ha 2.5 $411 $534 $657 $779 $902

3.5 $629 $801 $973 $1,144 $1,316

MEDIUM RAINFALL

$250 $300 $350 $400 $450

2 $244 $343 $441 $539 $637

Yield 2.8 $419 $556 $693 $831 $968

t/ha 4 $680 $876 $1,072 $1,269 $1,465

5 $898 $1,143 $1,388 $1,633 $1,879

HIGH RAINFALL

$250 $300 $350 $400 $450

2 $175 $273 $371 $469 $567

Yield 3 $393 $540 $687 $834 $981

t/ha 4 $610 $807 $1,003 $1,199 $1,395

5 $828 $1,073 $1,319 $1,564 $1,809

Net Price $/t

Net Price $/t

Net Price $/t


Triticale

COMMENTSThis rate of fertiliser assumes triticale follows a cereal(1) Surfactant at 0.1%

AGRONOMIC NOTES

2020

INCOME YOUR


Price (20/21 Forecast) $260 $260 $260

Quality

Yield (t/ha) 1.4 2.6 3.7

GROSS INCOME $364 $676 $962



Seed

Seed $0.27 /kg @ 60 $16.20 80 $21.60 85 $22.95

Seed Treatment $0.04 /kg @ 60 $2.27 80 $3.03 85 $3.22

Levies



Fertiliser (Bulk)

18:20:0 $575 /tonne @ 40 $23.00 60 $34.50 80 $46.00

Urea $500 /tonne @ 50 $25.00 100 $50.00 150 $75.00



Pre-emergents

Trifluralin 480g/L $8.00 /litre @ 1.5 $12.00 1.5 $12.00 1.5 $12.00



Tri-allate 500g/L $11.50 /litre @ $0.00 1.6 $18.40 1.6 $18.40

Post-emergents

MCPA LVE $8.14 /litre @ 0 0.5 $4.07 0.5 $4.07

MCPA amine $9.94 /litre @ 0.5 $4.97 $0.00 $0.00

Metsulfuron methyl(1) $0.06 /gm @ 5 $0.72 5 $0.72 5 $0.72

Clopyralid 300g/L $17.25 /litre @ 0.04 $0.69 0.04 $0.69 0.04 $0.69

Fungicides

Operations

Fuel & Oil $11.76 $14.11 $16.46


Freight

Grain (t) $25.00 /tonne @ 1.4 $35.00 2.6 $65.00 3.7 $92.50


Contract Work

Aerial spraying


Insurance $9.00 /$1000 @ $3.28 $6.08 $8.66

Other





No. Fuel

$/ha $/ha





$180 $220 $260 $300 $340

0.5 -$73 -$54 -$34 -$14 $5

Yield 1 $1 $40 $80 $119 $158

t/ha 1.4 $61 $116 $170 $225 $280

2 $150 $228 $307 $385 $464

3 $298 $416 $534 $651 $769

MEDIUM RAINFALL

$180 $220 $260 $300 $340

1 -$74 -$35 $4 $43 $83

Yield 1.6 $15 $78 $140 $203 $266

t/ha 2.6 $163 $265 $367 $469 $571

3.2 $252 $378 $504 $629 $755

4 $371 $528 $685 $842 $999

HIGH RAINFALL

$180 $220 $260 $300 $340

1.5 -$54 $5 $64 $123 $182

Yield 2.5 $95 $193 $291 $389 $487

t/ha 3.7 $273 $418 $564 $709 $854

4.5 $392 $569 $745 $922 $1,098

5.5 $541 $757 $972 $1,188 $1,404

Net Price $/t

Net Price $/t

Net Price $/t


Export Oaten Hay

COMMENTS(1) Seed grading plus Smuts and BuntsPrice received is strongly related to yield. Fertiliser rate assumes hay follows a cereal. Bonuses for shedding and late delivery may apply. Additional capital costs including shedding and extra machinery may be needed.

AGRONOMIC NOTESThe use of a 'super conditioner' can significantly reduce drying time and subsequently risk with less chance of a quality downgrade. No allowance has been made for cost of raking. (1) Glyphosate Weedmaster DST registered for this use.

2020

INCOME YOUR


Price (20/21 Forecast) $270 $250 $230

Quality Mixed grades

Yield (t/ha) 3.20 5.50 8

GROSS INCOME $864 $1,375 $1,840



Seed

Levies

Seed $500.00 /tonne @ 90 $45.00 110 $55.00 130 $65.00

Seed Treatment $0.00 /tonne @ 0 $0.00 0 $0.00

Fertiliser (Bulk)

18:20:0 $575 /tonne @ 60 $34.50 80 $46.00 110 $63.25

Urea $500 /tonne @ 30 15.00$ 75 $37.50 150 $75.00



Pre-emergents



Post-emergents

Diuron $13.25 /Kg @ 0.4 $5.30 0.4 $5.30 0.4 $5.30

MCPA Amine $9.94 /litre @ 0.5 $4.97 0.5 $4.97 0.5 $4.97

Pre cutting-Glypho (1) $5.40 /litre @ 2 $10.80 2.5 $13.50 2.5 $13.50

Insecticides

Fungicides

Propiconazole 250g/L $11.39 /litre @ 0.35 $3.99 0.35 $3.99 0.35 $3.99

Operations

Fuel & Oil $8.47 $9.32 $10.16


Freight

Hay $30.00 /tonne @ 3.2 $96.00 5.5 $165.00 8.0 $240.00


Contract Work

Hay mowing $50.00 /ha @ 1.0 $50.00 1.0 $50.00 1.0 $50.00

Super Conditioner $25-40.00 /ha @ 1.0 $25.00 1.0 $30.00 1.0 $35.00

Hay baling $25.00 /bale @ 3.2 $110.34 5.5 $189.66 8.0 $275.86

Hay Accumulation $3.00 /bale @ 3.2 $13.24 5.5 $22.76 8.0 $33.10

Insurance $2.50 /$1000 @ $2.16 $3.44 $4.60

TOTAL VARIABLE COSTS $470 $684 $931GROSS MARGIN/hectare $394 $691 $909Break Even Price (to cover variable costs only) $147 $124 $116Break Even Yield (to cover variable costs only) 1.74 2.74 4.05Gross Margin based on last 5 year average price $330 $691 $1,069




No. Fuel

$/ha $/ha

seed 1 3.00 4.16 spray 6 3.29 2.46 roll 1 2.10 1.85

TOTAL 8.39 8.47# Rates are for low rainfall zone. Extra cost in higher yielding situations




$230 $250 $270 $290 $310

1.5 -$7 $23 $53 $83 $113

Yield 2.5 $154 $204 $254 $303 $353

t/ha 3.2 $266 $330 $394 $458 $522

4.5 $475 $565 $655 $745 $835

MEDIUM RAINFALL

$210 $230 $250 $270 $290

2 -$21 $18 $58 $98 $138

Yield 3.5 $190 $260 $329 $399 $469

t/ha 5.5 $472 $581 $691 $801 $910

7.5 $753 $903 $1,052 $1,202 $1,352

HIGH RAINFALL

$190 $210 $230 $260 $290

4 $106 $186 $266 $386 $505

Yield 6 $348 $468 $588 $767 $947

t/ha 8 $590 $750 $909 $1,149 $1,388

10 $832 $1,031 $1,231 $1,530 $1,829

Net Price $/t

Net Price $/t

Net Price $/t


Grain Vetch2020

INCOME YOUR


Price (20/21 Forecast) $600 $600 $600

Quality Morava vetch

Yield (t/ha) 0.8 1.5 2.2

GROSS INCOME $480 $900 $1,320

VARIABLE COSTS Rate/ha Rate/ha Rate/haCost Low $/ha Medium $/ha High $/ha

Seed

Seed $0.70 /kg @ 30 $21.00 40 $28.00 50 $35.00

Seed Inoculant $0.05 /kg @ 30 $1.50 40 $2.00 50 $2.50

Levies


Fertiliser (Bulk)

MAP $575 /tonne @ 40 $23.00 60 $34.50 80 $46.00



Pre-emergents

Metribuzin 750 gm/kg $48.00 /kg @ 0.2 $9.60 0.25 $12.00 0.3 $14.40

Trifluralin 480g/L $8.00 /litre @ 1.5 $12.00 2 $16.00 2 $16.00

Tri-allate 500g/L $11.50 /litre @ $0.00 1.6 $18.40 1.6 $18.40



Post-emergents

Cletho 360g/L(incOil) $20.50 /litre @ 0.33 $9.09 0.33 $9.09 0.33 $9.09

Haloxyfop 520g/L $44.00 /litre @ 0.04 $1.76 0.04 $1.76

Factor $0.14 /gm @ 180 $24.48

Paraquat(Topping) $4.95 /litre @ 0.8 $3.96 0.8 $3.96 0.8 $3.96

Insecticides

Dimethoate (1) $9.10 /litre @ 0.4 $3.64 0.4 $3.64 0.4 $3.64

Karate Zeon® (2) $108.00 /litre @ 0.024 $2.59 0.024 $2.59 0.024 $2.59

Operations

Fuel & Oil $15.89 $19.07 $22.25


Freight

Grain (t) $30.00 /tonne @ 0.8 $24.00 1.5 $45.00 2.2 $66.00


Contract Work

Aerial spraying

Insurance $12.00 /$1000 @ $5.76 $10.80 $15.84

Other


COMMENTSSeed is not treated with a fungicide or graded.(1) Cow pea aphid(2) Native budwormDo not exceed 800 ml/Ha Paraquat 250 when crop topping to avoid possible residue issues.

AGRONOMIC NOTESLexone (Metribuzin) not recommended on some varieties.Seek advice (also applies to using Diuron on vetch).Harvest and marketing difficulties are common with this crop.Vetch is a dual purpose crop and grain production following grazing is possible. This can markedly influence Gross Margin performance.




No. Fuel

$/ha $/ha

seed 1 3.00 4.16 spray 8 4.39 3.29 roll 1 2.10 1.85 harvest# 1 16.00 6.60TOTAL 25.49 15.89# Rates are for low rainfall zone. Extra cost in higher yielding situations




$400 $500 $600 $700 $800

0.3 -$57 -$27 $2 $31 $61

Yield 0.8 $124 $202 $280 $359 $437

t/ha 1.2 $268 $386 $503 $620 $738

2 $557 $753 $949 $1,144 $1,340

MEDIUM RAINFALL

$400 $500 $600 $700 $800

0.5 -$37 $12 $61 $110 $159

Yield 1 $144 $241 $339 $437 $535

t/ha 1.5 $324 $471 $618 $764 $911

2.5 $685 $930 $1,174 $1,419 $1,663

HIGH RAINFALL

$400 $500 $600 $700 $800

0.8 $18 $97 $175 $253 $331

Yield 1.5 $271 $418 $565 $711 $858

t/ha 2.2 $524 $739 $954 $1,170 $1,385

3 $813 $1,106 $1,400 $1,693 $1,987

Net Price $/t

Net Price $/t

Net Price $/t


Lupins2020

INCOME YOUR


Price (20/21 Forecast) $400 $400 $400

Quality

Yield (t/ha) 1 1.7 2.4




Seed

Seed $0.45 /kg @ 90 $40.50 90 $40.50 90 $40.50



Levies


EPR &state levies $2.80 /tonne sold $2.80 $4.76 $6.72

Fertiliser (Bulk)

MAP $575 /tonne @ 40 23 60 $34.50 80 $46.00



Pre-emergents

Trifluralin 480g/L $8.00 /litre @ 1.5 $12.00

Propyzamide $21.80 /litre @ 1 $21.80 1 $21.80


Simazine Granules $7.53 /kg @ 0.83 $6.25 0.83 $6.25 0.83 $6.25


Post-emergents



Factor $0.14 /gm 180 $24.48


Insecticides

Talstar (2) $34.00 /litre @ 0.04 $1.36 0.04 $1.36 0.04 $1.36


Operations

Fuel & Oil $13.60 $16.32 $19.04


Freight

Grain (t) $30.00 /tonne @ 1.0 $30.00 1.7 $51.00 2.4 $72.00


Contract Work

Aerial spraying $15.00 /ha @ $0 $0.00 $0.00

Insurance $10.00 /$1000 @ $4.00 $6.80 $9.60

Other


COMMENTS(1) Seed treatment for aphid control for controlling viruses(2) RLEM(3) Native budwormDo not exceed 800ml/Ha when crop topping with Paraquat 250 to avoid any possible residue issues.

AGRONOMIC NOTES




No. Fuel

$/ha $/ha





$300 $350 $400 $450 $500

0.5 -$52 -$27 -$3 $22 $46

Yield 1 $79 $128 $177 $226 $275

t/ha 1.5 $209 $283 $356 $430 $503

2 $340 $438 $536 $634 $732

MEDIUM RAINFALL

$300 $350 $400 $450 $500

0.5 -$80 -$56 -$31 -$7 $18

Yield 1 $50 $99 $148 $197 $246

t/ha 1.7 $233 $317 $400 $483 $566

2 $312 $410 $508 $606 $704

HIGH RAINFALL

$300 $350 $400 $450 $500

1 $9 $58 $107 $156 $205

Yield 1.5 $140 $213 $287 $360 $434

t/ha 2.4 $375 $493 $610 $728 $845

3 $532 $679 $826 $973 $1,120

Net Price $/t

Net Price $/t

Net Price $/t


Red Lentils2020

INCOME YOUR


Price (20/21 Forecast) 570 $570 $570

Quality LR Jumbo2

Yield (t/ha) 0.9 1.7 2.5

GROSS INCOME $513 $969 $1,425



Seed

Seed $0.60 /kg @ 45 $27.00 50 $30.00 55 $33.00


P-Pickel $68.00 /tonne $0.00 50 $3.40 55 $3.74

Levies



Fertiliser (Bulk)

MAP $575 /tonne @ 40 $23.00 50 $28.75 60 $34.50



Pre-emergents



Propyzamide $21.80 /litre @ 1 $21.80 1 $21.80 1 $21.80


Post-emergents

Diflufenican $39.50 /litre @ 0.15 $5.93 0.15 $5.93 0.15 $5.93



Factor $0.14 /gm 180 $24.48


Insecticides



Karate Zeon® (3) $108.00 /litre @ 0.024 $2.59 0.024 $2.59

Trojan (4) $95.98 /litre @ 0.03 $2.88 0.03 $2.88 0.03 $2.88

Fungicides

Chlorothalonil (5) $12.54 /litre @ 1.6 $20.06 2.4 $30.10

Carbendazim (6) $9.85 /litre @ 0.5 $4.93 1 $9.85 1 $9.85

Procymidone (7) $24.60 /litre @ 0.5 $12.30

Operations

Fuel & Oil $16.71 $20.06 $23.40


Freight

Grain (t) $35.00 /tonne @ 0.9 $31.50 1.7 $59.50 2.5 $87.50


Contract Work

Aerial spraying

Windrowing

Insurance $12.00 /$1000 @ $6.16 $11.63 $17.10

Other


COMMENTS(1) Cow Pea and/or Blue Green Aphid(2) Native budworm(3/4) Etiella(5) Ascochyta(6/7) Grey mouldDo not exceed 800ml/Ha Paraquat 250 when crop topping to avoid possible residues.

AGRONOMIC NOTESSome varieties more sensitive to Metribuzin than others.Check newly released varieties for suitability to your area.




No. Fuel

$/ha $/ha





$400 $500 $570 $700 $800

0.3 -$91 -$62 -$41 -$3 $26

Yield 0.9 $119 $207 $269 $383 $471

t/ha 1.1 $189 $297 $372 $512 $619

1.5 $329 $476 $578 $769 $916

MEDIUM RAINFALL

$400 $500 $570 $700 $800

0.8 $32 $110 $165 $267 $345

Yield 1.7 $347 $514 $630 $846 $1,012

t/ha 2.2 $522 $738 $888 $1,168 $1,383

3 $803 $1,096 $1,301 $1,683 $1,976

HIGH RAINFALL

$400 $500 $570 $700 $800

1.2 $106 $223 $306 $458 $575

Yield 2 $386 $582 $719 $973 $1,169

t/ha 2.5 $561 $806 $977 $1,295 $1,539

3.5 $911 $1,254 $1,493 $1,938 $2,281

Net Price $/t

Net Price $/t

Net Price $/t


Red Lentils Imi Tolerant2020

INCOME YOUR


Price (20/21 Forecast) 570 $570 $570

Quality Small red- Nipper type

Yield (t/ha) 0.8 1.5 2.2

GROSS INCOME $456 $855 $1,254



Seed

Seed $0.60 /kg @ 35 $21.00 40 $24.00 45 $27.00


P-Pickel $68.00 /tonne 0 $0.00 40 $2.72 45 $3.06

Levies



Fertiliser (Bulk)

MAP $575 /tonne @ 40 $23.00 50 $28.75 60 $34.50



Pre-emergents




Metribuzin 750 gm/kg $48.00 /kg @ 0 $0.00 0.24 $11.52 0.3 $14.40

Intervix® $29.46 /litre @ 0.75 $22.10 0.75 $22.10 0.75 $22.10

Post-emergents



Factor $0.14 /gm 180 $24.48


Insecticides


Karate Zeon® (2) $108.00 /litre @ 0.024 $2.59 0.024 $2.59


Trojan (4) $95.98 /litre @ 0.03 $2.88 0.03 $2.88 0.03 $2.88

Fungicides

Chlorothalonil (5) $12.54 /litre @ 0.8 $10.03 1.6 $20.06 2.4 $30.10

Carbendazim (6) $9.85 /litre @ 0.5 $4.93 1 $9.85 1 $9.85

Procymidone (7) $24.60 /litre @ 0.5 $12.30

Operations

Fuel & Oil $16.71 $20.06 $23.40


Freight

Grain (t) $35.00 /tonne @ 0.8 $28.00 1.5 $52.50 2.2 $77.00


Contract Work

Aerial spraying

Windrowing

Insurance $12.00 /$1000 @ $5.47 $10.26 $15.05

Other


COMMENTS(1) Cow Pea and/or Blue Green Aphid(2) Native budworm control(3/4) Etiella(5) Ascochyta(6,7) Grey mouldDo not exceed 800ml/Ha Paraquat 250 when crop topping to avoid possible residues.

AGRONOMIC NOTESImazethapyr is a permit use.




No. Fuel

$/ha $/ha





$400 $500 $570 $700 $800

0.3 -$102 -$73 -$52 -$14 $15

Yield 0.8 $73 $151 $206 $308 $386

t/ha 1.1 $178 $285 $361 $501 $608

1.5 $318 $465 $567 $758 $905

MEDIUM RAINFALL

$400 $500 $570 $700 $800

0.8 $23 $101 $156 $258 $336

Yield 1.5 $268 $415 $518 $708 $855

t/ha 2 $443 $639 $776 $1,030 $1,226

3 $794 $1,087 $1,292 $1,674 $1,967

HIGH RAINFALL

$400 $500 $570 $700 $800

0.8 -$43 $35 $90 $192 $270

Yield 1.5 $202 $349 $451 $642 $789

t/ha 2.2 $447 $662 $813 $1,093 $1,308

3 $727 $1,021 $1,226 $1,608 $1,901

Net Price $/t

Net Price $/t

Net Price $/t


Field Peas2020

INCOME YOUR


Price (20/21 Forecast) $400 $400 $400

Quality Kaspa type

Yield (t/ha) 1 1.7 2.5

GROSS INCOME $400 $680 $1,000



Seed

Seed $0.47 /kg @ 90 $42.30 100 $47.00 110 $51.70

Seed Grading $30.00 /tonne @ 90 $2.70 100 $3.00 110 $3.30

P-Pickel $68.00 /tonne @ $0.00 100 $6.80 110 $7.48

Apron® XL $296.25 /tonne @ $0.00 $0.00 110 $32.59

Levies



Fertiliser (Bulk)

MAP $575 /tonne @ 40 $23.00 60 $34.50 80 $46.00



Pre-emergents





Post-emergents

Diflufenican $39.50 /litre @ 0.15 $5.93 0.15 $5.93 0.15 $5.93

MCPA Amine $9.94 /litre @ 0.1 $0.99 0.1 $0.99 0.1 $0.99



Factor $0.14 /gm 180 $24.48


Insecticides


Karate Zeon® (2) $108.00 /litre @ $0.00 0.024 $0.86 0.024 $0.86


Fungicides

Tebuconazole (4) $14.90 /litre @ 0.145 $2.16 0.145 $2.16 0.145 $2.16

Operations

Fuel & Oil $16.30 $19.56 $22.82


Freight

Grain (t) $30.00 /tonne @ 1.0 $30.00 1.7 $51.00 2.5 $75.00


Contract Work

/ha @ $0.00 $0.00 $0.00

/ha @ $0.00 $0.00 $0.00

Insurance $16.00 /$1000 @ $6.40 $10.88 $16.00

Other $0.00 /ha $0.00

$0.00 /ha $0.00


COMMENTS(1) Native budworm control (2) Pea weevil border spray (3) RLEM (4) Powdery Mildew

AGRONOMIC NOTES




No. Fuel

$/ha $/ha





$300 $350 $400 $450 $500

0.5 -$74 -$50 -$25 -$1 $23

Yield 1 $56 $104 $153 $202 $250

t/ha 1.5 $185 $258 $331 $404 $477

2 $315 $412 $510 $607 $704

MEDIUM RAINFALL

$300 $350 $400 $450 $500

1 $20 $68 $117 $166 $214

Yield 1.7 $201 $284 $367 $449 $532

t/ha 2 $279 $376 $474 $571 $668

2.5 $408 $530 $652 $774 $895

HIGH RAINFALL

$300 $350 $400 $450 $500

1.5 $65 $138 $211 $284 $357

Yield 2 $194 $292 $389 $487 $584

t/ha 2.5 $324 $446 $567 $689 $811

3 $454 $600 $746 $892 $1,038

Net Price $/t

Net Price $/t

Net Price $/t


Faba Beans2020

INCOME YOUR


Price (20/21 Forecast) $500 $500 $500

Quality Fie Grade 1

Yield (t/ha) 0.8 1.6 2.8

GROSS INCOME $400 $800 $1,400



Seed

Seed $0.59 /kg @ 100 $59.00 110 $64.90 130 $76.70


Levies



Fertiliser (Bulk)

MAP $575 /tonne @ 40 $23.00 60 $34.50 80 $46.00



Pre-emergents




Simazine 900g/kg $7.53 /kg @ 0.83 $6.25 0.83 $6.25 0.83 $6.25

Post-emergents



Factor $0.14 /gm 180 $24.48

Paraquat(Desiccant) $4.95 /litre @ 0.8 $3.96 0.8 $3.96 0.8 $3.96

Insecticides

Chlorpyrifos (1) $9.78 /litre @ 0.14 $1.37 0.14 $1.37 0.14 $1.37



Fungicides

Tebuconazole(4) $14.90 /litre @ $0.00 0.3 $4.47 0.3 $4.47

Mancozeb-low r/f $8.83 /kg @ 1.7 $15.01 0 $0.00 0 $0.00

Mancozeb-Med/high $8.83 /kg @ 0 $0.00 5.1 $45.03 5.1 $45.03

Procymidone $24.60 /litre @ $0.00 $0.00 0.5 $12.30

Carbendazim 2 applic $9.85 /litre @ 0.5 $4.93 1 $9.85

Operations

Fuel & Oil $14.42 $17.31 $20.19


Freight

Grain (t) $30.00 /tonne @ 0.8 $24.00 1.6 $48.00 2.8 $84.00


Contract Work

Aerial spraying $15.00 /ha @ $0.00 1 $15.00 1 $15.00

Insurance $12.00 /$1000 @ $4.80 $9.60 $16.80


COMMENTS(1) Seed grading plus Smuts and Bunts(1) RLEM control (2) Native Budworm control (3) Cow pea aphid (4) Cercospora Mancozeb for Ascochyta. Procymidone and Carbendazim for chocalate spot

AGRONOMIC NOTESNo allowance is made in this gross margin as to the economic benefit of bean stubble to livestock.




No. Fuel

$/ha $/ha





$400 $450 $500 $550 $600

0.4 -$80 -$61 -$41 -$21 -$2

Yield 0.8 $63 $102 $141 $180 $219

t/ha 1.5 $313 $386 $459 $533 $606

2 $491 $589 $687 $785 $883

MEDIUM RAINFALL

$400 $450 $500 $550 $600

1 $55 $103 $152 $201 $250

Yield 1.6 $269 $347 $425 $504 $582

t/ha 2 $412 $510 $607 $705 $803

2.5 $590 $713 $835 $957 $1,079

HIGH RAINFALL

$400 $450 $500 $550 $600

1 -$17 $32 $81 $130 $179

Yield 2 $340 $438 $536 $634 $731

t/ha 2.8 $626 $763 $900 $1,037 $1,174

4 $1,055 $1,250 $1,446 $1,641 $1,837

Net Price $/t

Net Price $/t

Net Price $/t


Chickpeas2020

INCOME YOUR


Price (20/21 Forecast) $700 $700 $700

Quality 6-8 mm Kabuli

Yield (t/ha) 0.7 1.1 1.6

GROSS INCOME $490 $770 $1,120


Seed Cost Low $/ha Medium $/ha High $/ha

Seed $0.59 /kg @ 90 $53.10 100 $59.00 110 $64.90

Seed Inoculant $50.00 /tonne @ 90 $4.50 100 $5.00 110 $5.50

P-Pickel $68.00 /tonne @ 90 $6.12 100 $6.80 110 $7.48

Levies



Fertiliser (Bulk)

MAP $575 /tonne @ 40 $23.00 60 $34.50 80 $46.00



Pre-emergents




Balance® $0.15 /gram @ 75 $10.95 100 $14.60 100 $14.60


Post-emergents



Factor $0.14 /gm 180 $24.48

Insecticides

Chlorpyrifos (RLEM) $9.78 /litre @ 0.14 $1.37 0.14 $1.37 0.14 $1.37

Karate Zeon® $108.00 /litre @ 0.024 $2.59 0.024 $2.59 0.024 $2.59

Fungicides

Aviator Xpro $54.50 /litre @ $0.00 0.6 $32.70 1.2 $65.40

Chlorothalonil $12.54 /litre @ 3.2 $40.13 3.2 $40.13 3.2 $40.13

Carbendazim $9.85 /litre @ $0.00 $0.00 0.5 $4.93

Desiccation

Paraquat $4.95 /litre @ 0.8 $3.96 0.8 $3.96 0.8 $3.96

Operations

Fuel & Oil $14.42 $17.31 $20.19


Freight

Grain (t) $30.00 /tonne @ 0.7 $21.00 1.1 $33.00 1.6 $48.00


Contract Work

Aerial spraying $15.00 /ha @ $0.00 $0.00 $0.00

Windrowing $38.00 /ha @ $0.00 0 $0.00 0 $0.00

Insurance $10.00 /$1000 @ $4.90 $7.70 $11.20

Other $0.00 /ha

$0.00 /ha


COMMENTSSeed is inoculated with a Group N inoculant. Do not exceed 800ml/Ha Paraquat 250 when desiccating to avoid possible residue issues

AGRONOMIC NOTESAll commonly grown varieties are susceptible to Ascochyta. Requires diligent fungicide program to controlPrice is heavily dependant on grade and quality. Seek advice. May need to store product for up to 12 months before marketing.




No. Fuel

$/ha $/ha





$500 $600 $700 $800 $900

0.4 -$75 -$36 $4 $43 $82

Yield 0.7 $62 $130 $199 $267 $336

t/ha 1.2 $289 $406 $524 $642 $759

1.8 $561 $738 $914 $1,091 $1,267

MEDIUM RAINFALL

$500 $600 $700 $800 $900

0.5 -$95 -$46 $3 $52 $101

Yield 1.1 $178 $286 $394 $502 $609

t/ha 1.8 $496 $673 $849 $1,026 $1,202

2.3 $724 $949 $1,174 $1,400 $1,625

HIGH RAINFALL

$500 $600 $700 $800 $900

1 $44 $142 $240 $338 $436

Yield 1.5 $271 $418 $565 $712 $859

t/ha 1.6 $316 $473 $630 $787 $944

2.5 $725 $970 $1,215 $1,460 $1,705

Net Price $/t

Net Price $/t

Net Price $/t


Canola - Conventional2020

INCOME YOUR


Price (20/21 Forecast) $550 $550 $550

Quality 42% oil

Yield (t/ha) 0.8 1.5 2.2

GROSS INCOME $440 $825 $1,210



Seed

Seed $25.00 /kg @ 1 $25.00 1.5 $37.50 2 $50.00

Levies


State levies $0.50 /tonne sold $0.40 $0.75 $1.10

Fertiliser (Bulk)

18:20:0 $575 /tonne @ 35 $20.13 55 $31.63 75 $43.13


Urea $500 /tonne @ 50 $25.00 100 $50.00 150 $75.00

SOA $400 /tonne @ 50 $20.00 50 $20.00 100 $40.00



Pre-emergents





Post-emergents

Haloxyfop 520g/L $44.00 /litre @ 0.04 $1.76 0.04 $1.76 0.04 $1.76



Glypho (pre-harvest) (4) $5.40 /litre @ 2 $10.80 2 $10.80 2 $10.80

Insecticides

Chlorpyrifos 500g/L $9.78 /litre @ 0.5 $4.89 0.5 $4.89 0.5 $4.89

Talstar $34.00 /litre @ 0.04 $1.36 0.04 $1.36 0.04 $1.36

Transform (1) $180.00 /litre @ 0.1 $18.00 0.1 $18.00 0.1 $18.00

Karate Zeon®(2) $108.00 /litre @ 0.024 $2.59 $0.00 $0.00

Affirm (3) $79.70 /litre @ 0 $0.00 0.3 $23.91 0.3 $23.91

Operations

Fuel & Oil $13.81 $16.57 $19.33


Freight

Grain (t) $30.00 /tonne @ 0.8 $24.00 1.5 $45.00 2.2 $66.00


Contract Work


Windrowing $38.00 /ha @ $0.00 1 $38.00 1 $38.00

Insurance $12.00 /$1000 @ $5.28 $9.90 $14.52

Urea spreading $8.50 /ha @ 1 $8.50 2 $17.00 2 $17.00


COMMENTS(1) Green Peach Aphid (2) Native Budworm-Low rainfall (3) DBM and Native Budworm(4) Weedmaster DST registered for this purpose

AGRONOMIC NOTESA maximum of 15 units of nitrogen and 10 units of phosphorus should be applied with seed. Nitrogen rate dependent on target yield. Sulphur required on sandy, neutral/acid soils and intensive cropping systems. Ensure insect control and good seed/soil contact when sowing. Assumes direct heading in low rainfall/yielding situations. Direct heading is becoming more widely used in all zones.In low rainfall situations, oil penalties may apply- conversely oil bonuses may be expected in high rainfall areas.




No. Fuel

$/ha $/ha





$450 $500 $550 $600 $650

0.3 -$139 -$124 -$109 -$95 -$80

Yield 0.8 $66 $105 $144 $184 $223

t/ha 1.1 $189 $243 $297 $350 $404

1.5 $353 $426 $500 $573 $646

MEDIUM RAINFALL

$450 $500 $550 $600 $650

0.7 -$119 -$84 -$50 -$16 $18

Yield 1.5 $209 $283 $356 $429 $503

t/ha 2 $414 $512 $610 $707 $805

2.5 $619 $741 $863 $986 $1,108

HIGH RAINFALL

$450 $500 $550 $600 $650

1 -$74 -$25 $24 $73 $122

Yield 1.5 $131 $204 $278 $351 $424

t/ha 2.2 $418 $525 $633 $741 $848

3 $745 $892 $1,039 $1,186 $1,332

Net Price $/t

Net Price $/t

Net Price $/t


Canola - Triazine Tolerant2020

INCOME YOUR


Price (20/21 Forecast) $550 $550 $550

Quality 42% oil

Yield (t/ha) 0.7 1.3 2

GROSS INCOME $385 $715 $1,100



Seed

Seed $25.00 /kg @ 1.5 $37.50 2 $50.00 2.5 $62.50

Levies



Fertiliser (Bulk)

18:20:0 $575 /tonne @ 35 $20.13 55 $31.63 75 $43.13


Urea $500 /tonne @ 40 $20.00 80 $40.00 120 $60.00

SOA $400 /tonne @ 50 $20.00 50 $20.00 100 $40.00



Pre-emergents

Atrazine (900 g/kg) $6.93 /kg @ 1.1 $7.62 1.1 $7.62 1.1 $7.62





Post-emergents





Insecticides


Talstar $34.00 /litre @ 0.04 $1.36 0.04 $1.36 0.04 $1.36

Transform (1) $180.00 /litre @ 0.1 $18.00 0.1 $18.00 0.1 $18.00


Affirm (3) $79.70 /litre @ 0 $0.00 0.3 $23.91 0.3 $23.91

Operations

Fuel & Oil $13.81 $16.57 $19.33


Freight

Grain (t) $30.00 /tonne @ 0.7 $21.00 1.3 $39.00 2 $60.00


Contract Work


Windrowing $38.00 /ha @ $0.00 1 $38.00 1 $38.00

Insurance $12.00 /$1000 @ $4.62 $8.58 $13.20



COMMENTS(1) Green Peach Aphid (2) Native Budworm-Low rainfall (3) DBM and NativeBudworm. (4) Weedmaster DST registered for this purpose

AGRONOMIC NOTESA maximum of 15 units of nitrogen and 10 units of phosphorus should be applied with seed. Nitrogen rate dependent on target yield. Sulphur required on sandy, neutral/acid soils and intensive cropping systems. Ensure insect control and good seed/soil contact when sowing. Assumes direct heading in low rainfall/ yielding situations. Direct heading is becoming more widely used in all zones.In low rainfall situations, oil penalties may apply- conversely oil bonuses may be expected in high rainfall areas.




No. Fuel

$/ha $/ha





$450 $500 $550 $600 $650

0.3 -$154 -$139 -$124 -$110 -$95

Yield 0.7 $10 $45 $79 $113 $147

t/ha 1.1 $174 $228 $282 $336 $389

1.5 $338 $411 $485 $558 $631

MEDIUM RAINFALL

$450 $500 $550 $600 $650

0.7 -$128 -$94 -$60 -$25 $9

Yield 1.3 $118 $181 $245 $308 $372

t/ha 2 $404 $502 $600 $698 $796

2.5 $609 $731 $854 $976 $1,098

HIGH RAINFALL

$450 $500 $550 $600 $650

1 -$78 -$29 $20 $69 $117

Yield 1.5 $127 $200 $273 $347 $420

t/ha 2 $331 $429 $527 $625 $723

2 $331 $429 $527 $625 $723

Net Price $/t

Net Price $/t

Net Price $/t


Canola - Clearfield Hybrid2020

INCOME YOUR


Price (20/21 Forecast) $550 $550 $550

Quality 42% oil

Yield (t/ha) 0.75 1.4 2.1

GROSS INCOME $413 $770 $1,155



Seed

Seed $25.50 /kg @ 1 $25.50 1.5 $38.25 2 $51.00

Levies



Fertiliser (Bulk)

18:20:0 $575 /tonne @ 35 $20.13 55 $31.63 75 $43.13


Urea $500 /tonne @ 50 $25.00 100 $50.00 150 $75.00

SOA $400 /tonne @ 50 $20.00 50 $20.00 100 $40.00



Pre-emergents





Post-emergents

Intervix $29.46 /litre @ 0.4 $11.78 0.6 $17.68 0.6 $17.68

Adjuvant $4.70 /litre @ 0.375 $1.76 0.375 $1.76 0.375 $1.76




Insecticides


Talstar $34.00 /litre @ 0.04 $1.36 0.04 $1.36 0.04 $1.36

Transform (1) $180.00 /litre @ 0.1 $18.00 0.1 $18.00 0.1 $18.00


Affirm (3) $79.70 /litre @ 0 $0.00 0.3 $23.91 0.3 $23.91

Operations

Fuel & Oil $13.81 $16.57 $19.33


Freight

Grain (t) $30.00 /tonne @ 0.8 $22.50 1.4 $42.00 2.1 $63.00


Contract Work


Windrowing $38.00 /ha @ $0.00 1 $38.00 1 $38.00

Insurance $12.00 /$1000 @ $4.95 $9.24 $13.86



COMMENTS(1) Green Peach Aphid (2) Native Budworm-Low rainfall (3) DBM and NativeBudworm. (4) Weedmaster DST registered for this purpose

AGRONOMIC NOTESA maximum of 15 units of nitrogen and 10 units of phosphorus should be applied with seed. Nitrogen rate dependent on target yield. Sulphur required on sandy, neutral/acid soils and intensive cropping systems. Ensure insect control and good seed/soil contact when sowing. Assumes direct heading in low rainfall/yielding situations. Direct heading is becoming more widely used in all zonesIn low rainfall situations, oil penalties may apply conversely oil bonuses may be expected in high rainfall areas.




No. Fuel

$/ha $/ha





$450 $500 $550 $600 $650

0.3 -$151 -$136 -$122 -$107 -$92

Yield 0.75 $33 $70 $107 $143 $180

t/ha 1.1 $177 $231 $284 $338 $392

1.5 $341 $414 $487 $561 $634

MEDIUM RAINFALL

$450 $500 $550 $600 $650

0.7 -$137 -$103 -$68 -$34 $0

Yield 1.4 $150 $218 $287 $355 $424

t/ha 2 $396 $493 $591 $689 $787

2.5 $600 $723 $845 $967 $1,089

HIGH RAINFALL

$450 $500 $550 $600 $650

1 -$92 -$44 $5 $54 $103

Yield 1.5 $112 $186 $259 $332 $406

t/ha 2.1 $358 $461 $564 $666 $769

2.7 $604 $736 $868 $1,000 $1,132

Net Price $/t

Net Price $/t

Net Price $/t


Canola - Roundup Ready2020

INCOME YOUR


Price (20/21 Forecast) $530 $530 $530

Quality 42% oil

Yield (t/ha) 0.7 1.4 2.1

GROSS INCOME $371 $742 $1,113



Seed

Seed $25.00 /kg @ 1 $25.00 1.5 $37.50 2 $50.00

Technology levy $15.00 /kg @ 1 $15.00 1.5 $22.50 2 $30.00

Levies



Fertiliser (Bulk)

18:20:0 $575 /tonne @ 35 $20.13 55 $31.63 75 $43.13


Urea $500 /tonne @ 50 $25.00 100 $50.00 150 $75.00

SOA $400 /tonne @ 50 $20.00 50 $20.00 100 $40.00



Pre-emergents




Rustler (Propyzamide) $21.80 /litre @ 0 $0.00 0 $0.00 0 $0.00

Post-emergents

Roundup Ready 540 $6.00 /litre @ 1.1 $6.60 2.3 $13.80 2.3 $13.80


Insecticides


Talstar $34.00 /litre @ 0.04 $1.36 0.04 $1.36 0.04 $1.36

Transform (1) $180.00 /litre @ 0.1 $18.00 0.1 $18.00 0.1 $18.00


Affirm (3) $79.70 /litre @ 0 $0.00 0.3 $23.91 0.3 $23.91

Operations

Fuel & Oil $11.27 $13.53 $15.78


Freight

Grain (t) $30.00 /tonne @ 0.7 $21.00 1.4 $42.00 2.1 $63.00


Contract Work


Windrowing $38.00 /ha @ $0.00 1 $38.00 1 $38.00

Insurance $12.00 /$1000 @ $4.45 $8.90 $13.36



COMMENTS(1) Green Peach Aphid (2) Native Budworm-Low rainfall (3) DBM and NativeBudworm.

AGRONOMIC NOTESRR Technology expected to be available to SA growers in 2020. Seek competent advice before growing. A maximum of 15 units of nitrogen and 10 units of phosphorus should be applied with seed. Nitrogen rate dependent on target yield. Sulphur required on sandy, neutral/acid soils and intensive cropping systems. Ensure insect control and good seed/soil contact when sowing. Assumes direct heading in low rainfall/yielding situations. Direct heading is becoming more widely used in all zonesIn low rainfall situations, oil penalties may apply conversely oil bonuses may be expected in high rainfall areas.




No. Fuel

$/ha $/ha





$430 $480 $530 $580 $630

0.3 -$125 -$110 -$96 -$81 -$66

Yield 0.7 $31 $65 $99 $134 $168

t/ha 1.1 $187 $241 $295 $348 $402

1.5 $343 $416 $490 $563 $636

MEDIUM RAINFALL

$430 $480 $530 $580 $630

0.7 -$127 -$92 -$58 -$24 $10

Yield 1.4 $147 $215 $283 $352 $420

t/ha 2 $381 $478 $576 $674 $772

2.5 $576 $698 $820 $942 $1,065

HIGH RAINFALL

$430 $480 $530 $580 $630

1 -$94 -$45 $4 $52 $101

Yield 1.5 $101 $174 $247 $321 $394

t/ha 2.1 $335 $437 $540 $643 $746

2.7 $569 $701 $833 $965 $1,097

Net Price $/t

Net Price $/t

Net Price $/t


Sown Pasture Vetch2020

INCOME YOUR


Carrying Capacity (dry sheep equivalents winter grazed) 4 7 10

$76.00 $76.00 $79.00



Cost Low $/ha Medium $/ha High

Seed

Seed $0.70 /kg @ 25 $17.50 35 $24.50 50 $35.00


Levies

$0.00 $0.00 $0.00

Fertiliser (Bulk)

MAP $575 /tonne @ 40 $23.00 60 $34.50 80 $46.00


Pre-emergents




Post-emergents



Glypho 540 (desiccant) $5.40 /litre @ 1.5 $8.10 1.5 $8.10 1.5 $8.10

Insecticides


Dimethoate (2) $9.10 /litre @ 0.1 $0.91 0.1 $0.91

Operations

Fuel & Oil $5.80 $5.80 $5.80


Freight

Grain (t) $0.00 $0.00 $0.00


Contract Work

Aerial spraying

Insurance /$1000 @ $0.00 $0.00 $0.00

Other

TOTAL VARIABLE COSTS $97 $120 $145GROSS MARGIN/hectare $207 $412 $645

Estimated return per dse based on self replacing Merino Ewe flock (Cereal Zone)

COMMENTSSeed is not treated with a fungicide or graded. (1) Cow pea aphid (2) RLEM

AGRONOMIC NOTES




No. Fuel

$/ha $/ha

seed 1 3.00 4.16 spray 4 2.19 1.64 roll 0.00 0.00 harvest# 0.00 0.00TOTAL 5.19 5.80# Rates are for low rainfall zone. Extra cost in higher yielding situations



GM/dse

$65 $70 $76 $80 $85

2 $33 $43 $55 $63 $73

Carrying 4 $163 $183 $207 $223 $243

Capacity 6 $293 $323 $359 $383 $413

(dse) 8 $423 $463 $511 $543 $583

MEDIUM RAINFALL

GM/dse

$65 $70 $76 $80 $85

3 $75 $90 $108 $120 $135

Carrying 5 $205 $230 $260 $280 $305

Capacity 7 $335 $370 $412 $440 $475

(dse) 9 $465 $510 $564 $600 $645

HIGH RAINFALL

GM/dse

$70 $75 $79 $85 $90

4 $135 $155 $171 $195 $215

Carrying 7 $345 $380 $408 $450 $485

Capacity 10 $555 $605 $645 $705 $755

(dse) 12 $695 $755 $803 $875 $935


Self-Regenerating Pasture2020

INCOME YOUR



$76.00 $76.00 $79.00




Seed

Seed /kg @ $0.00 $0.00 $0.00

Seed Inoculant /kg @ $0.00 $0.00 $0.00

Levies

$0.00 $0.00 $0.00

Fertiliser (Bulk)

Superphosphate $360 /tonne @ 80 $28.80 120 $43.20 160 $57.60


Pre-emergents

/litre @ $0.00 $0.00 $0.00

/litre @ $0.00 $0.00 $0.00

Post-emergents



Broadstrike® $0.39 /gram @ $0.00 25 $9.75 50 $19.50


Insecticides

$0.00 $0.00 $0.00


Operations

Fuel & Oil $1.23 $1.23 $1.23


Freight

Grain (t) $0.00 $0.00 $0.00


Contract Work

Fert Spreading $8.50 /ha @ 1 $8.50 1 $8.50 1 $8.50

Insurance /$1000 @ $0.00 $0.00 $0.00

Other



COMMENTS(1) RLEM

AGRONOMIC NOTES




No. Fuel

$/ha $/ha




$65 $70 $76 $80 $85

2 $71 $81 $93 $101 $111

Carrying 4 $201 $221 $245 $261 $281

Capacity 6 $331 $361 $397 $421 $451

(dse) 8 $461 $501 $549 $581 $621

MEDIUM RAINFALL

$65 $70 $76 $80 $85

3 $111 $126 $144 $156 $171

Carrying 5 $241 $266 $296 $316 $341

Capacity 7 $371 $406 $448 $476 $511

(dse) 9 $501 $546 $600 $636 $681

HIGH RAINFALL

$70 $75 $79 $85 $90

4 $170 $190 $206 $230 $250

Carrying 7 $380 $415 $443 $485 $520

Capacity 10 $590 $640 $680 $740 $790

(dse) 12 $730 $790 $838 $910 $970

GM/dse

GM/dse

GM/dse


Dry-land Lucerne Pasture2020

INCOME MEDIUM HIGH HIGH YOUR

Rainfall Zone CEREAL CEREAL GRAZING ESTIMATE


$76.00 $79.00 $79.00


ESTABLISHMENT COSTS Rate/ha Rate/ha Rate/ha

Cost Medium $/ha High C $/ha High Gr

Seed

Seed $12.00 /kg @ 3 $36.00 4 $48.00 4 $48.00


Fertiliser (Bulk)

MAP $575 /tonne @ 60 $34.50 70 $40.25 80 $46.00

Trace elements $3 /kg @ $0.00 3 $9.00


Pre-emergents



Trifluran 480 $8.00 /kg @ 1 $8.00 1 $8.00 1 $8.00

Post-emergents - seedling

Broadstrike $0.39 /gm @ 25 $12.08 25 $12.08 25 $12.08


Insecticides


Operations

Fuel & Oil $5.39 $5.39 $5.39


Loss of Grazing in first year DSE 3 $228.00 4 $316.00 5 $395.00

Total Establishment Costs $342.08 $447.88 $541.63

Depreciation on establishment costs over 7 years $48.87 $63.98 $77.38

VARIABLE COSTS Established stands

Herbicides

Raptor $0.50 /kg @ 50 $25.00 50 $25.00 50 $25.00

Broadstrike $0.39 /litre @ 25 $12.08 25 $12.08 25 $12.08

Insecticides



Fertiliser (Bulk)

Superphosphate $360 /tonne @ 100 $36.00 125 $45.00 150 $54.00

Operations

Fuel & Oil $2.67 $2.67 $2.67


Freight

Grain (t) $0.00 $0.00 $0.00


Contract Work

Aerial spraying

Insurance /$1000 @ $0.00 $0.00 $0.00

Other



COMMENTS(1) RLEM(2) RLEM

AGRONOMIC NOTES


GROSS MARGIN SENSITIVITY MEDIUM RAINFALL

GM/dse

$65 $70 $76 $80 $85

4 $129 $149 $173 $189 $209

Carrying 6 $259 $289 $325 $349 $379

Capacity 8 $389 $429 $477 $509 $549

(dse) 10 $519 $569 $629 $669 $719

HIGH RAINFALL CEREAL

GM/dse

$70 $75 $79 $85 $90

5 $191 $216 $236 $266 $291

Carrying 7 $331 $366 $394 $436 $471

Capacity 9 $471 $516 $552 $606 $651

(dse) 11 $611 $666 $710 $776 $831

HIGH RAINFALL GRAZING

GM/dse

$70 $75 $79 $85 $90

7 $308 $343 $371 $413 $448

Carrying 9 $448 $493 $529 $583 $628

Capacity 11 $588 $643 $687 $753 $808

(dse) 13 $728 $793 $845 $923 $988

Establishment Machinery Costs- Assuming full ownership of machinery


No. Fuel

$/ha $/ha




No. Fuel

$/ha $/ha

seed 0 0.00 0.00 spray 2 1.10 0.82spreading 1 2.10 1.85 harvest# 0.00 0.00TOTAL 3.20 2.67




Phalaris sub-clover Pasture2020

INCOME HIGH HIGH YOUR

Rainfall Zone CEREAL Grazing ESTIMATE

Carrying Capacity (dry sheep equivalents winter grazed) 10 12

$79 $79

GROSS INCOME $790 $948

ESTABLISHMENT COSTS Rate/ha Rate/ha Rate/ha


Seed

Phalaris $20.00 /kg @ 1.5 $30.00 1.5 $30.00

Cocksfoot $12.00 /kg @ 1 $12.00 1 $12.00

Sub clover $7.50 /kg @ 4 $30.00 4 $30.00

Seed Inoculant $0.05 /kg @ 4 $0.20 4 $0.20

Fertiliser (Bulk)

MAP $575 /tonne @ 70 $40.25 80 $46.00

Trace elements

Lime $35 /tonne @ 1.5 $52.50 1.5 $52.50


Spring weed control $10.00 $10.00

Pre-emergents

Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48

Carfentrazone 400 $151.80 /litre @ 0.02 $3.04 0.02 $3.04

$48.00 /kg @ 0 $0.00 0 $0.00

Post-emergents

Bromoxynil 200 $16.30 /litre @ 1.5 $24.87 1.5 $24.87

$44.00 /litre @ 0 $0.00 0 $0.00

Insecticides



Operations

Fuel & Oil $0.00 $0.00

Repairs & Maintenance $0.00 $0.00

Loss of Grazing in first year DSE 3 $237.00 3.5 $276.50

Total Establishment Costs $448.16 $493.41

Depreciation on establishment costs over 7 years $71.70 $78.94

VARIABLE COSTS

Fertiliser (Bulk)

Superphosphate $360 /tonne @ 120 $43.20 150 $54.00


Tigrex $14 /litre @ 0.5 $7.00 0.75 10.50$

Insecticides


Operations

Fuel & Oil $0.00 $0.00

Repairs & Maintenance $0.00 $0.00

Freight

Fertiliser (t) $25.00 /tonne @ 0.12 $3.00 0.15 $3.75

Contract Work

Aerial spraying

Insurance /$1000 @ $0.00 $0.00

Other

TOTAL VARIABLE COSTS $126 $148GROSS MARGIN/hectare $664 $800

Estimated return per dse based on self replacing Merino Ewe flock

COMMENTS((1) RLEM spring(2) RLEM

AGRONOMIC NOTES


GROSS MARGIN SENSITIVITY

HIGH RAINFALL CEREAL

GM/dse

$75 $80 $84 $90 $95

6 $324 $354 $378 $414 $444

Carrying 8 $474 $514 $546 $594 $634

Capacity 10 $624 $674 $714 $774 $824

(dse) 12 $774 $834 $882 $954 $1,014

HIGH RAINFALL GRAZING

GM/dse

$75 $80 $84 $90 $95

8 $452 $492 $524 $572 $612

Carrying 10 $602 $652 $692 $752 $802

Capacity 12 $752 $812 $860 $932 $992

(dse) 14 $902 $972 $1,028 $1,112 $1,182

Establishment Machinery Costs- Assuming full ownership of machinery


No. Fuel

$/ha $/ha




No. Fuel

$/ha $/ha

seed 0 0.00 0.00 spray 2 1.10 0.82spread 1 2.10 1.85 harvest# 0.00 0.00TOTAL 3.20 2.67

Repairs & Maint


Operation


Prime Lamb – High Rainfall

COMMENTS (1) DSE ratings are based on the maintenance feed requirements of a 2 year old, 50 Kg liveweight Merino Wether with a body condition score of 2.(2) The wool price is 90% the price for that micron. This takes into account the lower value of bellies, skirtings,locks etc. (3) Super/workcover expenses relate only to shearing. No allowance has been made for pasture expenses such as seed, fertiliser and chemicals. These need to be separately accounted for. Refer to pasture Gross Margins.

Assumptions

Ave Breeding Ewe Fibre Diameter 28 Total DSE's (1) 1840

Number of breeding ewes (First Cross) 1000 Stocking rate (DSE/Ha) 12.0

First cross ewe - Terminal meat sire

2020

INCOME YOUR

$ ESTIMATE

Wool (kg greasy) 3443.5 Kg [ ave price 515 c/kg ] (2) $19,706

Sales 1339 animals [ ave price $183.99 per hd] $246,290

GROSS INCOME $265,996

VARIABLE COSTS

Shearing

Shearing 970 sheep @ $318.62 /100 $3,091

(Federal awards) 19 rams @ $637.24 /100 $121

Shed labour 5 days @ $241.12 /day $1,206

Woolclasser 2.50 days @ $306.75 /day $767

Superannuation (on ordinary wages only) (3) @ 9.5% wages $492

Work Cover (includes super + o'time etc) @ 4.0% total $207

Wool packs 20 packs @ $12.40 /pack $248

Shed sundries 989 sheep @ $0.20 /head $198

Lice control 989 sheep @ $1.60 /head $1,582

Crutch & Wig 990 ewes @ $92.40 /100 $915

19 rams @ $184.80 /100 $35

Marking

Lamb marking 1150 lambs @ $1.15 /head $1,323

Ear tags 1150 lambs @ $0.43 /head $495

Animal Health

drench 3190 sheep @ $0.46 /head $1,455

vaccinate 3320 sheep @ $0.34 /head $1,129

blowfly control 1000 sheep @ $1.39 /head $1,392

Stock purchases

Purchases (refer opposite page) $75,359

Sale Costs

Freight

livestock 189 culls @ $4.00 /head $756

212 ewes @ $4.00 /head $849

1150 prime lambs @ $4.00 /head $4,600

wool 20 bales @ $15.00 /bale $300

Stock selling charges

commission/insurance @ 6.0% gross $ $14,777

yard fees 1339 head @ $0.85 /head $1,138levy-sheep 189 head @ $0.20 /head $38

levy-lambs 1150 head @ $1.50 /head $1,725

SA sheep industry levy 1339 head @ $0.67 /head $897

Wool selling charges

brokerage/testing/insurance @ $0.27 /kg $930

wool levy @ 1.5% gross $296

Feed and Other Costs

hay 20.4 tonne @ $260.00 /tonne $5,304

grain 24.6 tonnes @ $280.00 /tonne $6,888

Insurance $310,488 value @ $2.00 /$'000 $621

Water 1840 DSE's @ $1.50 /DSE $2,760

Veh Fuel, R&M 1840 DSE's @ $1.20 /DSE $2,208

Other 1840 DSE's @ $0.50 /DSE $920

TOTAL VARIABLE COSTS $135,020

GROSS MARGIN TOTAL $130,976

GROSS MARGIN/hectare $854GROSS MARGIN/DSE $71


PRODUCTION DATA

Stocking rate (DSE/Ha) 12.0 Culling Rate (% from each group)Total DSE's 1840 Age group Ewes Wethers

SHEEP GRAZING AREA 153 0.5 0%

Number of ewes mated 1000 1.5 0%

Ram percentage 2% 2.5 0%

Age ewes bought (yrs) 1.5 3.5 0%

Age ewes culled 6.5 4.5 0%

Years rams kept 3 5.5 0%

Flock death rate 3% 6.5 100%

Average weaning rate 115%

% Lambs carried over 0%

SALES Number Price/hd Age Total

c.f.a ewes 182 $180.00 6.5 $32,760

c.f.a rams 6 $130.00 4.5 $780

lambs 1150 $185.00 20 weeks $212,750

TOTAL 1339 $183.99 $246,290

PURCHASES Number Price/hd Age yrs Total

ewes 212 $295 1.5 $62,648

rams 7 $1,850 1.5 $12,711

STOCK HEALTH REQUIREMENTS

Number Drench Vacc. Blowfly DSE

ewes 1000 2 1 1 1.8

rams 20 2 1 0 2

lambs 1150 1 2 0

TOTAL 2170 3190 3320 1000 1840

SHEARING

Wool cut

Number kg/hd Price Total

ewes 970 3.50 $5.76 $19,570

crossbred rams 19 2.50 $2.79 $135

TOTAL 989 3444 $19,706

FEEDING

Hay Kgs Fed No weeks Total

Number Cost ($/T) per week of Feeding cost ($)ewes 1000 $260 2.5 8 $5,200

rams 20 $260 2.5 8 $104

Grain Kgs Fed No. weeks Total

Number Cost ($/T) per week of Feeding Cost ($)

ewes 1000 $280 3.0 8 $6,720

rams 20 $280 3.0 10 $168

G.M. SENSITIVITY

Average Weaning Rate (%)

95% 105% 115% 125% 135% 145%

$160 $41 $49 $56 $64 $72 $79

$165 $44 $52 $59 $67 $75 $83

$170 $46 $54 $62 $71 $79 $87

$175 $48 $57 $65 $74 $82 $91Average $180 $51 $60 $68 $77 $86 $94

Lamb Sale $185 $53 $62 $71 $80 $89 $98

Price ($/hd) $190 $56 $65 $74 $83 $92 $102

$195 $58 $68 $77 $86 $96 $105

$200 $61 $70 $80 $90 $99 $109

$205 $63 $73 $83 $93 $103 $113

$210 $65 $76 $86 $96 $106 $116

GROSS MARGIN/DSE

Number of times


SR Merino - High Rainfall

COMMENTS ((1) DSE ratings are based on the maintenance feed requirements of a 2 year old, 50 Kg liveweight Merino Wether with a body condition score of 2.(2) The wool price is 90% the price for that micron. This takes into account the lower value of bellies, skirtings,locks etc. (3) Super/workcover expenses relate only to shearing. No allowance has been made for pasture expenses such as seed, fertiliser and chemicals. These need to be separately accounted for. Refer to pasture Gross Margins.

Assumptions


Number of breeding ewes 1000 Stocking rate (DSE/Ha) 12.0

2020

INCOME YOUR

$ ESTIMATE

Wool (kg greasy) 9134 Kg [ ave price 1147 c/kg ] (2) $104,727



VARIABLE COSTS

Shearing

Shearing 2324 sheep @ $318.62 /100 $7,405

(Federal Awards) 25 rams @ $637.24 /100 $159Shed labour 12 days @ $241.12 /day $2,893

Woolclasser 6 days @ $306.75 /day $1,841

Superannuation (on ordinary wages only) (3) @ 9.5% wages $1,168




Lice Control 2349 sheep @ $1.60 /head $3,758

Crutch & wig 1424 sheep @ $92.40 /100 $1,316

25 rams @ $184.80 /100 $46

Marking


Pain relief 900 lambs @ $0.45 /head $405


Animal Health




Sale and Purchase Costs

Purchases 7 Merino rams @ $2,000.00 /head $14,000

Freight 862 sheep @ $4.00 /head $3,448

54 bales @ $15.00 /bale $810


commission/insurance @ 6.0% gross $9,722

yard fees 862 head @ $0.85 /head $733

Sheep trans levy 412 head @ $0.20 /head $82

Lamb trans levy 450 head @ $1.50 /head $675



brokerage/testing/insurance @ $0.27 /kg $2,466

Industry levy @ 1.5% gross $1,571

Feed and other Costs

Hand Feeding $7,768

Insurance $446,307 value @ $2.00 /$'000 $893

Water 2390 DSE's @ $1.50 /DSE $3,585


Other 2390 DSE's @ $0.50 /DSE $1,195



GROSS MARGIN/hectare $949$79GROSS MARGIN /DSE


PRODUCTION DATA

Stocking rate (DSE/Ha) 12.0 Culling Rate (% per each group)

Total DSE's 2390 Age group Ewes WethersSHEEP GRAZING AREA 285 0.5 0% 100%

Number of ewes mated 1000 1.5 51% 0%

Ram percentage 2.5% 2.5 0% 0%

Age wethers sold (yrs) 0.5 3.5 0% 0%

Years rams kept 4 4.5 0% 0%

Flock death rate 3% 5.5 0% 0%

Average weaning rate 90% 6.5 100% 0%

SALES Number Price/hd Total

c.f.a ewes 182 $170.00 $30,940

c.f.a merino rams 6 $140.00 $840

ewe hoggets 224 $240.00 $53,760

wether lambs 450 $170.00 $76,500

TOTAL 862 $187.92 $162,040


Number DSE Drench Vacc. Blowfly

ewes 1000 1.8 2 1 1

ewe hoggets 450 1.2 2 1 1

wether weaners 0 0.8 1 1 0

merino lambs 900 0.0 1 2 0

merino rams 25 2.0 4 1 2

TOTAL 2375 2390 3900 3275 1500

Total Value $446,307

FEEDING

Feed Number of Feed Total

Animals Cost ($/T) kg / animal cost ($)

Oats/barley 833 $280 10 /ewe $2,332

Lupins 833 $450 10 /ewe $3,749

Lupins 375 $450 10 /weaner $1,688

TOTAL $7,768

SHEARING

Wool cut Total Yield Total

Number kg/hd Greasy kg (%) Clean kg

ewes 981 5.70 5592 70% 3914

ewe hoggets 443 4.50 1995 70% 1396

wether weaners 0 4.50 0 70% 0

lambs 900 1.50 1350 70% 945

merino rams 25 8.00 197 70% 138

Adults 1449 5.68 7784

TOTAL 2349 9134 6394

Number of times

FLOCK STRUCTURE This table shows the number of merino sheep in each age group at mating

Class of Age Group

Sheep 0.5 y.o. 1.5 y.o. 2.5 y.o. 3.5 y.o. 4.5 y.o. 5.5 y.o. 6.5 y.o.

Ewes 450 212 206 200 194 188 0Wethers 0 0 0 0 0 0 0

Rams 7 6 6 6 0 0

SENSITIVITY ANALYSIS

GROSS MARGIN/DSE Average Greasy Wool Price (c/Kg)

1050 1100 1147 1200 1250 1300

$160 $66 $68 $70 $72 $74 $75

$165 $68 $70 $71 $73 $75 $77

$170 $69 $71 $73 $75 $77 $79

$175 $71 $73 $75 $77 $79 $81

Average $180 $73 $75 $76 $78 $80 $82Sale Price $185 $74 $76 $78 $80 $82 $84

All Sheep $187 $75 $77 $79 $81 $83 $85

($/hd) $190 $76 $78 $80 $82 $84 $86

$195 $78 $80 $82 $84 $85 $87

$200 $80 $81 $83 $85 $87 $89

$205 $81 $83 $85 $87 $89 $91


Merino Wethers - High Rainfall


Assumptions:Average Wether Fibre Diametre 19 Total DSE's (1) 1200

Number of adult wethers 1000 Stocking rate (DSE/Ha) 12.0

2020

INCOME YOUR

$ ESTIMATEWool (kg greasy) 6790 Kg [ave price 1147 c/kg ] (2) $77,854

Sales 182 animals [ave price $165.00 per hd] $30,090


EXPENSES

Shearing

Shearing 970 sheep @ $318.62 /100 $3,091


Woolclasser 3 days @ $306.75 /day $767


Work Cover (on wages+super+o'time etc) @ 4.0% total $222




Crutching 1000 sheep @ $92.40 /100 $924

Animal Health

drench 1000 sheep @ $0.46 /head $456

vaccinate 1000 sheep @ $0.34 /head $340


Other Expenses 0 sheep @ $0.00 /head $0

Stock Purchases

Purchases 212 wethers @ $122.00 /head $25,864

Sale costs and other

Freight

livestock 395 @ $4.00 /head $1,580

wool 40 bales @ $15.00 /bale $600




transaction levy 182 head @ $0.20 /head $36





Other Expenses

Hand Feeding $3,900

Insurance 143500 value @ $2.00 /$'000 $287

Water 1200 DSE's @ $1.50 /DSE $1,800


Other Expenses 1200 DSE's @ $0.50 /DSE $600


GROSS MARGIN $55,874



PRODUCTION DATA

Stocking rate (DSE/Ha) 12.0 Culling Rate (% from each group) Stock

Total DSE's 1200 Age group Ewes Wethers No's

SHEEP GRAZING AREA 100 0.5 0% 212Number of wethers 1000 1.5 0% 206

Flock death rate 3% 2.5 0% 200

Age wethers bought (yrs) 0.5 3.5 0% 194

Age wethers culled 5.5 4.5 0% 188

5.5 100%


c.f.a wethers 182 $165.00 5.5 $30,030

TOTAL 182 $30,030


wethers 212 $122 0.5 $25,909

STOCK VALUE AND D.S.E REQUIREMENT

Value Ave Live DSE

Number $/head Wt (Kgs) rating

wethers 1000 $144 55 1.2

TOTAL 1000



wethers 1000 1 1 1 1.2

TOTAL 1000 1000 1000 1000 1200

SHEARING



wethers 970 7.00 6790 70% 4753

TOTAL 970 6790 4753

HAND FEEDING

kg fed /animal $/tonne Total

Oats/barley kg/wether 280 $0

Hay 15 kg/wether 260 $3,900

Lupins kg/wether 450 $0

TOTAL $3,900

Number of times

SENSITIVITY TABLE

GROSS MARGIN/DSE Average Greasy Wool Price (c/Kg)1050 1100 1147 1200 1250 1300

$140 $38 $40 $43 $46 $49 $52

$145 $38 $41 $44 $47 $49 $52$150 $39 $42 $44 $47 $50 $53

$155 $40 $43 $45 $48 $51 $54

Average $160 $40 $43 $46 $49 $52 $54

Sale Price $165 $41 $44 $47 $50 $52 $55

of wethers $170 $42 $45 $47 $50 $53 $56

($/hd) $175 $43 $45 $48 $51 $54 $57

$180 $43 $46 $49 $52 $54 $57

$185 $44 $47 $49 $52 $55 $58

$190 $45 $48 $50 $53 $56 $59


Lamb Trading - High Rainfall


Assumptions:Number of lambs 1000 Total DSE's (1) 600

Average Lamb Fibre Diametre 20 Number of lambs shorn 100%

Lambs bought at 35 kg liveweight Stocking rate (DSE/Ha) 12.0

Lambs sold at 55 kg liveweight @ 750 c/kg dwt

2020

INCOME YOUR

$ ESTIMATE

Wool (kg greasy) 1500 Kg [ave price 1147 c/kg ] (2) $17,199



EXPENSES

Shearing

Shearing 1000 sheep @ $318.62 /100 $3,186

Shed labour 2 days @ $241.12 /day $482







Crutching 0 sheep @ $92.40 /100 $0

Animal Health



blowfly control 500 sheep @ $1.39 /head $696


Stock Purchases

Purchases 1000 lambs @ $128.00 /head $128,000


Freight

livestock 1980 @ $4.00 /head $7,920

wool 9 bales @ $15.00 /bale $135




transaction levy 980 head @ $1.50 /head $1,470



brokerage/testing/insurance @ $0.27 /kg $405

Industry levy @ 1.50% gross $258

Other Expenses

Supplementry Feeding 0 @ $0.00 /hd $0

Insurance 152687.5 value @ $2.00 /$'000 $305

Water 1200 DSE's @ $1.50 /DSE $1,800







PRODUCTION DATA

Stocking rate (DSE/Ha) 12.0Total DSE's 600

SHEEP GRAZING AREA 50

Number of lambs 1000

Flock death rate 2%

Age bought (yrs) 0.5

Age sold 0.8


Prime lambs 980 $177.38 0.8 $173,828

TOTAL 980 $173,828


Store lambs 1000 $128 0.5 $128,000


Value Ave Live DSE


lambs 1000 $153 45 0.8

TOTAL 1000



Lamb 1000 1 1 1 0.6

TOTAL 1000 1000 1000 1000 600

SHEARING



lambs 1000 1.50 1500 70% 1050

TOTAL 1000 1500 1050

Number of times

SENSITIVITY TABLE

GROSS MARGIN/DSE Average Greasy Wool Price (c/Kg)1050 1100 1147 1200 1250 1300

$140 ($11) ($10) ($9) ($8) ($6) ($5)

$145 ($4) ($2) ($1) $0 $1 $3

$150 $4 $5 $6 $8 $9 $10

$170 $35 $36 $37 $38 $40 $41Average $175 $42 $44 $45 $46 $47 $49

Sale Price $178 $46 $48 $49 $50 $51 $52

of lambs $180 $50 $51 $53 $54 $55 $56

($/hd) $185 $58 $59 $60 $61 $63 $64

$190 $65 $67 $68 $69 $70 $72

$195 $73 $74 $76 $77 $78 $79

$200 $81 $82 $83 $85 $86 $87


Prime Lamb - Cereal Zone


Assumptions


Number of breeding ewes (Merino) 1000 Stocking rate (DSE/Ha) 6.0

Merino ewe - Terminal meat sire

2020

INCOME YOUR

$ ESTIMATE




VARIABLE COSTS

Shearing

Shearing 970 sheep @ $318.62 /100 $3,091




Superannuation (on ordinary wages only) (3) @ 9.50% total $496

Work Cover (includes super + o'time etc) @ 4.00% wages $209



Lice control 994 sheep @ $0.46 /head $456

Crutch & Wig 0 lambs @ $92.40 /100 $0

1019 ewes @ $92.40 /100 $942

Marking



Animal Health




Stock purchases

Purchases (refer to opposite page) $78,657

Sale Costs

Freight

livestock 239 culls @ $4.00 /head $956

262 ewes @ $4.00 /head $1,046

950 prime lambs @ $4.00 /head $3,800

wool 38 bales @ $15.00 /bale $570


commissioninsurance @ 6.0% gross $12,974

yard fees 1189 head @ $0.85 /head $1,011

levy-sheep 239 head @ $0.20 /head $48




brokerage/testing/insurance @ $0.27 kg $1,722



Water 1850 DSE's @ $2.50 /DSE $4,625


Other 1850 DSE's @ $0.50 /DSE $925

hay 20.5 tonne @ $260.00 /tonne $5,330

grain 24.8 tonnes @ $280.00 /tonne $6,930

Insurance $273,688 value @ $2.00 /$'000 $547





PRODUCTION DATA

Stocking rate (DSE/Ha) 6.0 Culling Rate (% from each group)

Total DSE's 1850 Age group Ewes Wethers



Ram percentage 2.5% 2.5 0%








c.f.a ewes 232 $170.00 5.5 $39,440

c.f.a rams 8 $130.00 4.5 $1,040

lambs 950 $185.00 20 weeks $175,750

TOTAL 1189 181.72 $216,230


ewes 262 $240 1.5 $62,769rams 9 $1,850 1.5 $15,889



ewes 1000 1 1 1 1.8

rams 25 2 1 0 2

lambs 950 1 2 0

TOTAL 1975 2000 2925 1000 1850

SHEARING

Wool cut


ewes 970 6.50 $12.10 $76,316

crossbred rams 24 3.00 $3.10 $226

TOTAL 994 6378 $76,542

FEEDINGHay Kgs Fed No weeks Total

Number Cost ($/T) per week of Feeding cost ($)

ewes 1000 $260 2.5 8 $5,200

rams 25 $260 2.5 8 $130

Grain Kgs Fed No weeks Total


ewes 1000 $280 3.0 8 $6,720

rams 25 $280 3.0 10 $210

G.M. SENSITIVITY

GROSS MARGIN/DSE Average Weaning Rate (%)

75% 85% 95% 105% 115% 125%

$160 $57 $64 $72 $80 $87 $95

$165 $59 $67 $74 $82 $90 $98

$170 $61 $69 $77 $85 $93 $101

$175 $62 $71 $79 $88 $96 $104Average $180 $64 $73 $82 $90 $99 $108

Lamb Sale $185 $66 $75 $84 $93 $102 $111

Price ($/hd) $190 $68 $77 $86 $96 $105 $114

$195 $70 $80 $89 $98 $108 $117

$200 $72 $82 $91 $101 $111 $120

$205 $74 $84 $94 $104 $114 $123

$210 $76 $86 $96 $106 $116 $127

Number of times


SR Merino - Cereal Zone


Assumptions



2020

INCOME YOUR

$ ESTIMATE




VARIABLE COSTS

Shearing

Shearing 2398 sheep @ $318.62 /100 $7,641

(Federal Awards) 25 rams @ $637.24 /100 $159Shed labour 8 days @ $241.12 /day $1,929

Woolclasser 4.0 days @ $306.75 /day $1,227






Crutch & wig 1448 sheep @ $92.40 /100 $1,338

25 rams @ $184.80 /100 $46

Marking




Animal Health







65 bales @ $15.00 /bale $975




sheep tran levy 437 head @ $0.20 /head $87

lamb trans levy 475 head @ $1.50 /head $713

SA Sheep industry levy 912 head @ $0.67 /head $611

wool selling charges




Hand Feeding $14,058

Insurance $397,655 value @ $2.00 /$'000 $795

Water 2420 DSE's @ $2.50 /DSE $6,050


Other 2420 DSE's @ $0.50 /DSE $1,210



GROSS MARGIN/hectare $456$76GROSS MARGIN /DSE


PRODUCTION DATA

Stocking rate (DSE/Ha) 6.0 Culling Rate (% per each group)Total DSE's 2420 Age group Ewes Wethers

SHEEP GRAZING AREA 285 0.5 0% 100%







Prime lamb weaning % 0%

% mated for prime lms 0%


c.f.a ewes 204 $170.00 $34,680


ewe hoggets 227 $240.00 $54,480

wether lambs 35kg store 475 $122.00 $57,950

TOTAL 912 $162.31 $147,950

STOCK HEALTH

Number DSE Drench Vacc. Blowfly

ewes 1000 1.8 1 1 1





TOTAL 2450 2420 2475 3400 1500


FEEDING

Feed Number of Fodder kg/ animal Total

Animals Cost ($/T) cost ($)

Oats/barley 1000 $280 24 /ewe $6,720

Hay 1000 $260 20 /ewe $5,200

Lupins 475 $450 10 /weaner $2,138

TOTAL $14,058

SHEARING



ewes 980 6.50 6373 68% 4333

ewe hoggets 468 5.50 2573 68% 1750

wether weaners 0 5.00 0 68% 0

lambs 950 2.00 1900 68% 1292

merino rams 25 9.50 234 68% 159

Adults 1473 6.63 9180

TOTAL 2423 11080 7534

Number of times


Class of Age Group


Ewes 475 234 216 199 183 169 0Wethers 0 0 0 0 0 0 0

Rams 7 6 6 6 0 0



1000 1050 1089 1150 1200 1250

$135 $62 $65 $66 $69 $71 $74

$140 $64 $66 $68 $71 $73 $75

$145 $66 $68 $70 $73 $75 $77

$150 $68 $70 $72 $74 $77 $79

Average $155 $69 $72 $73 $76 $78 $81Sale Price $160 $71 $73 $75 $78 $80 $82

All Sheep $162 $72 $74 $76 $79 $81 $83

($/hd) $165 $73 $75 $77 $80 $82 $84

$170 $75 $77 $79 $81 $84 $86

$175 $76 $79 $80 $83 $85 $88

$180 $78 $80 $82 $85 $87 $90


Merino Wethers - Cereal Zone


Assumptions:

Average Wether Fibre Diameter 21 Total DSE's (1) 1200Number of adult wethers 1000 Stocking rate (DSE/Ha) 6.0

2020

INCOME YOUR

$ ESTIMATEWool (kg greasy) 7275 Kg [ ave price 1089 c/kg ] (2) $79,251



EXPENSES

Shearing

Shearing 970 sheep @ $318.62 /100 $3,091








Crutching 1000 sheep @ $92.40 /100 $924

Animal Health





Stock Purchases



Freight

livestock 395 @ $4.00 /head $1,580

wool 43 bales @ $15.00 /bale $645









Other Expenses

Hand Feeding $3,900

Insurance 143500 value @ $2.00 /$'000 $287

Water 1200 DSE's @ $2.50 /DSE $3,000







PRODUCTION DATA







5.5 100%


c.f.a wethers 182 $165.00 5.5 $30,030

TOTAL 182 $30,030


wethers 212 $122 0.5 $25,909


Value Ave Live DSE


wethers 1000 $144 55 1.2

TOTAL 1000



wethers 1000 1 1 1 1.2

TOTAL 1000 1000 1000 1000 1200

SHEARING



wethers 970 7.50 7275 68% 4947

TOTAL 970 7275 4947

HAND FEEDING


Oats/barley 0 kg/wether 280 $0

Hay 15 kg/wether 260 $3,900

Lupins kg/wether 450 $0

TOTAL $3,900

Number of times

SENSITIVITY TABLE


1000 1050 1089 1150 1200 1250

$140 $38 $41 $43 $47 $50 $53$145 $39 $42 $44 $48 $51 $54

$150 $40 $43 $45 $49 $52 $55

$155 $40 $43 $46 $49 $52 $55Average $160 $41 $44 $46 $50 $53 $56

Sale Price $165 $42 $45 $47 $51 $54 $57

of wethers $170 $42 $45 $48 $51 $54 $57

($/hd) $175 $43 $46 $48 $52 $55 $58

$180 $44 $47 $49 $53 $56 $59

$185 $45 $48 $50 $54 $57 $60

$190 $45 $48 $51 $54 $57 $60


Cleanskin Sheep - Cereal Zone

COMMENTS Assumes flock is fully wool shedding and therefore no shearing, crutching or lice control costs are included. Assumes only one lambing per year.No allowance has been made for pasture expenses such as seed, fertiliser and weed control. These need to be separately accounted for.

Assumptions

Total DSE's (1) 2750


2020

INCOME YOUR

$ ESTIMATE



VARIABLE COSTS

$0

Marking



Animal Health



blowfly control 0 sheep @ $1.39 /head $0

Lice control 0 sheep @ $1.60 /head $0


Purchases 7 rams @ $1,850.00 /head $12,950

Freight 204 ewes @ $4.00 /head $816

6 rams @ $4.00 /head $24

494 hoggets @ $4.00 /head $1,976

750 lambs @ $4.00 /head $3,000



yard fees 1453 head @ $0.85 /head $1,235

sheep tran levy 703 head @ $0.20 /head $141

lamb trans levy 750 head @ $1.50 /head $1,125

SA Sheep industry levy 1453 head @ $0.67 /head $974

$0

$0


Hand Feeding $15,295

Insurance $630,960 value @ $2.00 /$'000 $1,262

Water 2750 DSE's @ $2.50 /DSE $6,875


Other 2750 DSE's @ $0.50 /DSE $1,375



GROSS MARGIN/hectare $456GROSS MARGIN /DSE $76


PRODUCTION DATA

Stocking rate (DSE/Ha) 6.0 Culling Rate (% per each group)










c.f.a ewes 204 $180.00 $36,720

c.f.a rams 6 $130.00 $780

ewe hoggets 494 $210.00 $103,740wether lambs 55kg finished 750 $185.00 $138,750

TOTAL 1453 $192.66 $279,990

STOCK HEALTH

Number DSE Drench Vacc. Blowfly Lice

ewes 1000 1.8 1 1 0 0

ewe hoggets 750 1.2 1 1 0 0

wether weaners 0 0.8 1 1 0 0

lambs 1500 0.0 1 2 0 0

rams 25 2.0 2 1 0 0

TOTAL 3275 2750 3300 4775 0 0


FEEDING

Number of Fodder Total

Feed Animals Cost ($/T) kg/ Animal cost ($)

Oats/barley 1000 $280 24 /ewe $6,720

Hay 1000 $260 20 /ewe $5,200

Lupins 750 $450 10 /weaner $3,375

TOTAL $15,295

Number of times

FLOCK STRUCTURE This table shows the number of sheep in each age group at mating

Class of Age Group


Ewes 750 234 216 199 183 169 0

Wethers 0 0 0 0 0 0 0

Rams 7 6 6 6 0 0


GROSS MARGIN/DSE Average Weaning Percentage

120 135 150 165 180 195

$165 $53 $62 $71 $80 $89 $98

$170 $54 $63 $72 $81 $90 $99

$175 $55 $64 $73 $83 $92 $101$180 $56 $65 $75 $84 $93 $103

$185 $57 $66 $76 $85 $95 $104

Sale Price $190 $58 $68 $77 $87 $97 $106

Lambs $195 $59 $69 $79 $88 $98 $108

($/hd) $200 $60 $70 $80 $90 $100 $109

$205 $61 $71 $81 $91 $101 $111

$210 $62 $72 $82 $93 $103 $113

$215 $63 $73 $84 $94 $104 $114


Prime Lamb - Pastoral

COMMENTS (1) DSE ratings are based on the maintenance feed requirements of a 2 year old, 50 Kg liveweight Merino Wether with a body condition score of 2.(2) The wool price is 90% the price for that micron. This takes into account the lower value of bellies, skirtings,locks etc. (3) Super/workcover expenses relate only to shearing.

Assumptions (Lambs sold to specialist finisher)



Merino ewes - Terminal meat sire

2020

INCOME YOUR

$ ESTIMATE




VARIABLE COSTS

Shearing

Shearing 950 sheep @ $318.62 /100 $3,027









Crutch & Wig 800 lambs @ $92.40 /100 $739

998 adults @ $92.40 /100 $922

Marking

Lamb marking 800 lambs @ $1.15 /head $920


Animal Health




Stock purchases

Purchases (refer opposite page) $77,159

Sale Costs

Freight

livestock 220 culls @ $7.00 /head $1,540

270 ewes @ $7.00 /head $1,887

800 prime lambs @ $7.00 /head $5,600

wool 34 bales @ $17.00 /bale $578




levy-sheep 220 head @ $0.20 /head $44



wool selling charges




Water 1858 DSE's @ $1.50 /DSE $2,786


Other 1858 DSE's @ $0.50 /DSE $929

hay 0.0 tonne @ $260.00 /tonne $0

grain 0.0 tonnes @ $280.00 /tonne $0

Insurance $246,225 value @ $2.00 /$'000 $492



GROSS MARGIN/hectare $6.21GROSS MARGIN/DSE $44


PRODUCTION DATA

Stocking rate (DSE/Ha) 0.14 Culling Rate (% from each group)




Ram percentage 2.5% 2.5 0%








c.f.a ewes 220 $150.00 5.5 $33,000

c.f.a rams 0 $120.00 5.5 $0

lambs 800 $133.00 20 weeks $106,400

TOTAL 1020 $136.66 $139,400


ewes 270 $240 1.5 $64,692rams 7 $1,850 1.5 $12,467



ewes 1000 0 1 1 1.8

rams 25 0 1 0 2

lambs 800 0 1 0

TOTAL 1825 0 1825 1000 1850

SHEARING

Wool cut


ewes 950 6.00 $11.12 $63,381

crossbred rams 24 3.00 $3.10 $221

TOTAL 974 5771 $63,602

FEEDING

Hay Kgs Fed No weeks Total


ewes 1000 $260 3.0 0 $0

rams 24 $260 3.0 0 $0

Grain Kgs Fed No weeks Total


ewes 1000 0.0 0 $0

rams 24 3.0 0 $0

G.M. SENSITIVITY

GROSS MARGIN/DSE Average Weaning Rate (%)

50% 60% 70% 80% 90% 100%

$105 $19 $24 $28 $33 $38 $42

$110 $20 $25 $30 $35 $40 $45

$115 $22 $27 $32 $37 $42 $47

$120 $23 $28 $34 $39 $45 $50

Average $125 $24 $30 $35 $41 $47 $53Lamb Sale $130 $25 $31 $37 $43 $49 $55

Price ($/hd) $133 $26 $32 $38 $44 $50 $57

$140 $28 $34 $41 $47 $54 $60

$145 $29 $36 $43 $49 $56 $63

$150 $30 $37 $44 $51 $58 $65

$155 $32 $39 $46 $53 $60 $68

Number of times


SR Merino - Pastoral

COMMENTS (1) DSE ratings are based on the maintenance feed requirements of a 2 year old, 50 Kg liveweight Merino Wether with a body condition score of 2.(2) The wool price is 90% the price for that micron. This takes into account the lower value of bellies, skirtings,locks etc. (3) Super/workcover expenses relate only to shearing

Assumptions



2020

INCOME YOUR

$ ESTIMATE




VARIABLE COSTS

Shearing

Shearing 2550 sheep @ $318.62 /100 $8,125(Federal Awards) 29 rams @ $637.24 /100 $185


Woolclasser 5 days @ $306.75 /day $1,534






Crutch & wig 1750 sheep @ $92.40 /100 $1,617

Marking




Animal Health




other 0 sheep @ $0.00 /head $0




68 bales @ $17.00 /bale $1,156










Hand Feeding $0

Insurance $384,084 value @ $2.00 /$'000 $768

Water 2660 DSE's @ $1.50 /DSE $3,990


Other 2660 DSE's @ $0.50 /DSE $1,330



GROSS MARGIN/hectare $8.12$58GROSS MARGIN /DSE


PRODUCTION DATAStocking rate (DSE/Ha) 0.14 Culling Rate (% per each group)





Age wethers sold (yrs) 1 3.5 0% 0%




Prime lamb weaning % 0%

% mated for prime lms 0%


c.f.a ewes 171 $150.00 $25,650


ewe hoggets 159 $200.00 $31,800

wether lambs 35kg store 380 $122.00 $46,360

TOTAL 717 $146.04 $104,650

STOCK HEALTH

Number of times

Number DSE Drench Vacc. Jet

ewes 1000 1.8 0 1 1





TOTAL 2630 2660 0 3030 1000


FEEDING

Number of Hay kg / animal Total

Feed Animals Cost ($/T) fed cost ($)

Oats/barley 1000 0.0 /ewe $0

Hay 1000 $260 0.0 /ewe $0

Lupins 800 $450 0.0 /weaner $0

TOTAL $0

SHEARING



ewes 970 6.00 5817 63% 3665

ewe hoggets 390 5.00 1950 63% 1229

wether weaners 390 5.00 1950 63% 1229

lambs 800 2.00 1600 63% 1008

merino rams 29 9.00 263 63% 166

Adults 1779 6.25 9980

TOTAL 2579 11580 7296


Class of Age Group


Ewes 400 221 210 199 190 180 0Wethers 400 0 0 0 0 0 0

Rams 8 8 7 7 0 0


GROSS MARGIN/HA Average Greasy Wool Price (c/Kg)

850 900 950 1001 1050 1100

$121 $45 $47 $49 $52 $54 $56

$126 $46 $49 $51 $53 $55 $57

$131 $48 $50 $52 $54 $56 $58

$136 $49 $51 $53 $55 $58 $60Average $141 $50 $52 $55 $57 $59 $61

Sale $146 $52 $54 $56 $58 $60 $62

Price ($/hd) $151 $53 $55 $57 $59 $61 $64

$156 $54 $56 $58 $61 $63 $65

$161 $55 $57 $60 $62 $64 $66

$166 $57 $59 $61 $63 $65 $67

$171 $58 $60 $62 $64 $66 $69


Merino Wethers - Pastoral

COMMENTS (1) DSE ratings are based on the maintenance feed requirements of a 2 year old, 50 Kg liveweight Merino Wether with a body condition score of 2.(2) The wool price is 90% the price for that micron. This takes into account the lower value of bellies, skirtings,locks etc. (3) Super/workcover expenses relate only to shearing.

Assumptions:

Average Wether Fibre Diameter 22 Total DSE's (1) 1200Number of adult wethers 1000 Stocking rate (DSE/Ha) 0.14

2020

INCOME YOUR

$ ESTIMATEWool (kg greasy) 6096 Kg [ave price 1001 c/kg ] (2) $61,006



EXPENSES

Shearing

Shearing 960 sheep @ $318.62 /100 $3,059








Crutching 1000 sheep @ $92.40 /100 $924

Animal Health





Stock Purchases



Freight

livestock 393 @ $7.00 /head $2,751

wool 36 bales @ $17.00 /bale $612









Other Expenses

Hand Feeding $0

Insurance 143500 value @ $2.00 /$'000 $287

Water 1200 DSE's @ $1.50 /DSE $1,800





GROSS MARGIN/hectare $4.81GROSS MARGIN/DSE $34


PRODUCTION DATA







5.5 100%


c.f.a wethers 177 $165.00 5.5 $29,205

TOTAL 177 $29,205


wethers 217 $122 0.5 $26,432


Value Ave Live DSE


wethers 1000 $144 55 1.20

TOTAL 1000



wethers 1000 0 1 1 1.2

TOTAL 1000 0 1000 1000 1200

SHEARING



wether hoggets 208 4.00 832 63% 524

wethers 752 7.00 5264 63% 3316

TOTAL 960 6096 3841

HAND FEEDING


Oats/barley 0 kg/wether $0

Hay 0 kg/wether 260 $0

Lupins 0 kg/wether 450 $0

TOTAL $0

Number of times

SENSITIVITY TABLE

GROSS MARGIN/DSE Average Greasy Wool Price (c/Kg)850 950 $1,001 1050 1100 1150

$140 $23 $28 $31 $33 $36 $38$145 $24 $29 $32 $34 $37 $39

$150 $25 $30 $32 $35 $37 $40

$155 $25 $30 $33 $35 $38 $40Average $160 $26 $31 $34 $36 $39 $41

Sale $165 $27 $32 $34 $37 $39 $42

Price ($/hd) $170 $27 $33 $35 $38 $40 $43

$175 $28 $33 $36 $38 $41 $43

$180 $29 $34 $36 $39 $41 $44

$185 $30 $35 $37 $40 $42 $45

$190 $30 $35 $38 $40 $43 $45


Beef Cattle - High Rainfall

COMMENTS Livestock weight will vary between cattle breed, feed type and ageNo allowance has been made for pasture expenses such as seed, fertiliser and weed control. These need to be separately accounted for.

Assumptions: (Breeding young cattle for local trade, grass fattened)

Breeding Cow 14.5 DSE 100 Cow breeding herd

Calf Weaning 90% 13 cows replaced per year

Herd Deaths 3% 3% Bulls bought for $6,000

Cows c.f.a 10 years old sold for $2,000

Uses 13 heifers as replacements after 3 years

Carry over calf 8 DSE 40% carryover to heavier weights

Weaned @ 8 months 6 months extra carry over

Heifers mated @ 15 months 1888 Herd DSE

Stocking rate 10 DSE/ha Drench cows 2 x

Area required 189 hectares Drench calves 1 x

Feeds 35 kg/DSE hay equivalent supplement

2020

INCOME YOUR

$ ESTIMATE

Stock sales 54 vealers @ 280 kg liveweight@ $3.20 /kg L/W $48,384

22 yearlings 420 kg liveweight@ $2.95 /kg L/W $27,258

Culls 10 Cows @ 550 kg liveweight@ $2.45 /kg L/W $12,918

1 bull@ $2,000GROSS INCOME $90,560

VARIABLE COSTS

Bull Purchases

No. of bulls 1 $6,000 total $6,000

Veterinary & Medicines

Drench - cows 2x calves 1x 290 @ $4.38 /head $1,269

Ear Tags NLIS 90 @ $4.75 /tag $428

Lice Treatments 100 @ $4.38 /dose $438

Vaccine (5 in 1) 180 @ $0.76 /dose $137

Supplementary Feed

Hay 66 tonne @ $260.00 /tonne $17,160

Grain 0.00 t/head @ $280.00 /tonne $0

Blocks/ Mineral Mix 100 @ $5.00 /head $500


Insurance $119,000 @ $2.00 /$1000 $238

Water 1888 dse's @ $1.50 $2,832

Veh Fuel, R&M 1888 dse's @ $1.00 $1,888

Other 1888 dse's @ $0.50 $944

Transport: Lvstk 87 head @ $30.00 /head $2,598

Commission @ 6.0% $5,434

Levies @ $5.00 /head $433


GROSS MARGIN TOTAL $50,263GROSS MARGIN PER COW $503

GROSS MARGIN/DSE $26.62GROSS MARGIN/hectare $266.22


GROSS MARGIN SENSITIVITY PER COW

$/kg Liveweight (vealers and yearlings)

$2.70 $2.90 $3.10 $3.30 $3.50

60% $132 $160 $189 $217 $246

65% $177 $209 $241 $273 $305

70% $222 $258 $293 $328 $364

75% $268 $306 $345 $384 $422

Weaning 80% $313 $355 $397 $439 $481

% 85% $359 $404 $449 $495 $540

90% $404 $453 $501 $550 $599

95% $449 $501 $553 $606 $658

100% $495 $550 $606 $661 $716

PER DSE$/kg Liveweight (vealers and yearlings)

$2.70 $2.90 $3.10 $3.30 $3.50

60% $7 $8 $10 $12 $13

65% $9 $11 $13 $14 $16

70% $12 $14 $16 $17 $19

75% $14 $16 $18 $20 $22

Weaning 80% $17 $19 $21 $23 $25% 85% $19 $21 $24 $26 $29

90% $21 $24 $27 $29 $32

95% $24 $27 $29 $32 $35

100% $26 $29 $32 $35 $38


Beef Cattle - Cereal Zone

COMMENTS No allowance has been made for pasture expenses such as seed, fertiliser and weed control. These need to be separately accounted for.

Assumptions: (Breeding young cattle for local trade, grass fattened)







Weaned @ 8 months 6 months extra carry overHeifers mated @ 15 months 1960 Herd DSE

Stocking rate 5.00 DSE/ha Drench cows 2 x



2020

INCOME YOUR

$ ESTIMATE

Stock sales 45 vealers @ 280 kg liveweight @ $3.20 /kg L/W $40,320

31 yearlings 400 kg liveweight @ $2.95 /kg L/W $36,580

Culls 10 Cows @ 550 kg liveweight @ $2.45 /kg L/W $12,918

1 bull@ $2,000GROSS INCOME $91,818

VARIABLE COSTS

Bull Purchases

No. of bulls 1 @ $6,000 total $6,000


Drench - cows 2x calves 1x 290 @ $4.38 /head $1,269

Ear Tags 90 @ $4.75 /tag $428


Vaccine (5 in 1) 180 @ $0.76 /dose $137

Supplementary Feed

Hay 68 tonne @ $260.00 /tonne $17,680




Insurance $119,000 @ $2.00 /$1000 $238

Water 1960 dse's @ $2.50 $4,900

Veh Fuel, R&M 1960 dse's @ $1.00 $1,960

Other 1960 dse's @ $0.50 $980









$/kg Liveweight (vealer/yearlings)

$2.70 $2.90 $3.10 $3.30 $3.50

60% $118 $148 $177 $207 $236

65% $164 $197 $230 $263 $296

70% $210 $246 $283 $319 $355

75% $256 $296 $335 $375 $415

Weaning 80% $302 $345 $388 $431 $474% 85% $348 $394 $441 $487 $534

90% $393 $443 $493 $543 $593

95% $439 $493 $546 $600 $653

100% $485 $542 $599 $656 $712

PER DSE$/kg Liveweight (vealer/yearlings)

$2.70 $2.90 $3.10 $3.30 $3.50

60% $6 $8 $9 $11 $12

65% $8 $10 $12 $13 $15

70% $11 $13 $14 $16 $18

75% $13 $15 $17 $19 $21

Weaning 80% $15 $18 $20 $22 $24% 85% $18 $20 $22 $25 $27

90% $20 $23 $25 $28 $30

95% $22 $25 $28 $31 $33

100% $25 $28 $31 $33 $36


Beef Cattle - Pastoral

COMMENTS Feed costs include an allowance for drought fodder.Livestock weight will vary between cattle breed, feed type and age.

Assumptions: (Breeding young cattle for store trade)







Weaned @ 8 months 6 months extra carry over

Heifers mated @ 20 months 1997 Herd DSE

Stocking rate 0.14 DSE/ha Drench cows 0 x



2020

INCOME YOUR

$ ESTIMATE

Stock sales 40 young 280 kg liveweight @ $3.00 /kg $33,600

27 bullocks 500 kg liveweight @ $2.95 /kg $39,825

Culls 10 Cows @ 550 kg lwt @ $2.10 /kg $11,550

1 bull@ $1,500


VARIABLE COSTS

Bull Depreciation

Bull purchase 1 @ $4,500 total $4,500


Drench 0 @ $4.38 /head $0

Ear Tags 80 @ $4.75 /tag $380


Vaccine (5 in 1) 0 @ $0.76 /dose $0

Supplementary Feed

Hay 45 tonne @ $260.00 /tonne $11,700



Insurance $111,500 @ $2.00 /$1000 $223

Water 1997 dse's @ $2.50 $4,992

Veh Fuel, R&M 1997 dse's @ $1.00 $1,997

Other 1997 dse's @ $0.50 $998









$/kg LWT young

$2.60 $2.80 $3.00 $3.20 $3.40

60% $122 $148 $175 $201 $227

65% $159 $188 $217 $246 $275

70% $195 $227 $259 $291 $323

75% $231 $266 $301 $336 $370

Weaning 80% $268 $305 $343 $380 $418

% 85% $304 $344 $385 $425 $465

90% $341 $384 $427 $470 $513

95% $377 $423 $469 $515 $561

100% $413 $462 $511 $560 $608

PER DSE$/kg LWT young

$2.60 $2.80 $3.00 $3.20 $3.40

60% $6 $7 $9 $10 $11

65% $8 $9 $11 $12 $14

70% $10 $11 $13 $15 $16

75% $12 $13 $15 $17 $19

Weaning 80% $13 $15 $17 $19 $21

% 85% $15 $17 $19 $21 $23

90% $17 $19 $21 $24 $26

95% $19 $21 $23 $26 $28

100% $21 $23 $26 $28 $30


Beef Trading - High Rainfall

COMMENTS Livestock weight will vary between cattle breed, feed type and ageNo allowance has been made for pasture expenses such as seed, fertiliser and weed control. These need to be separately accounted for.

Assumptions: (Finishing young cattle for local trade, grass fattened)

Herd Deaths 2%

Vealers 8 DSEYearlings 12 DSE

1960 Herd DSE

Stocking rate 10 DSE/ha

Area required 196 hectares Drench vealers 1 x


2020

INCOME YOUR

$ ESTIMATE

Stock sales 0 vealers @ 280 kg liveweight@ $3.20 /kg L/W $0

196 yearlings 420 kg liveweight@ $2.95 /kg L/W $242,844

$0

$0


VARIABLE COSTS

Purchases

Vealers 200 $896 /head $179,200

Transport 200 $30 /head $6,000


Drench - vealers 1x 200 @ $4.38 /head $875

Ear Tags NLIS 0 @ $4.75 /tag $0


Vaccine (5 in 1) 200 @ $0.76 /dose $152

Supplementary Feed

Hay 69 tonne @ $260.00 /tonne $17,836




Insurance $179,200 @ $2.00 /$1000 $358

Water 1960 dse's @ $1.50 $2,940

Veh Fuel, R&M 1960 dse's @ $1.00 $1,960

Other 1960 dse's @ $0.50 $980





GROSS MARGIN TOTAL $10,237GROSS MARGIN/DSE $5.22GROSS MARGIN/hectare $52.23

GROSS MARGIN SENSITIVITY PER DSE

$/kg Liveweight sales(yearlings)

$2.60 $2.80 $2.95 $3.20 $3.40

2.60$ $7 $15 $21 $32 $40

2.70$ $4 $12 $19 $29 $37

2.80$ $1 $10 $16 $26 $34$/kg 2.90$ -$1 $7 $13 $23 $31

Liveweight 3.00$ -$4 $4 $10 $20 $29

Purchases 3.10$ -$7 $1 $7 $18 $26

(Vealers) 3.20$ -$10 -$2 $5 $15 $23

3.30$ -$13 -$4 $2 $12 $20

3.40$ -$15 -$7 -$1 $9 $17


Beef Feed Lot

COMMENTS Feed consumed allows for stock sold at 30 days but does not allow for any wastage.

Assumptions: Local supermarket, 210kg HSCW Carcase, AUSMEAT Fat Score 3-4

Steer Costs:

Steer purchase $744 for 240 kg @ $3.10 /kg liveweight

Transport In $30.00 /head Average weight gain:- 1.80 kg/hd/day

Est. dressing % 55 % Carcase weight specification :- 230 kg HSCW

Final liveweight in lot 418 kgAvge liveweight in lot 329 kg

Est. time on feed 100 days

Feed Costs: Avge daily Feed intake 11.515 kg

Total feed consumed 1151 kg (3.5% of Liveweight)

Feed Wastage 5% 58 kg Death Rate 1%

Feed cost per tonne $305.00 without premix / suppliment2020

INCOME Per YOUR

Finished steers & 2% poor performers sold at 30 days Head ESTIMATE

0.97 Steer @ 230 kg carcass @ $6.10 /kg HSCW $1,360.91

0.02 Steer @ 240 kg liveweight $3.20 /kg LVWT $15.36

0.01 Steer @ 0 $0.00 $0.00

TOTAL INCOME $1,376.27

VARIABLE COSTS

Purchases

Steer purchase 1 @ $744 /head 744.00

Feeding Out & Feed

Feed purchased 1180 kg @ $300.00 /tonne 353.86

Premix cost per tonne mixed feed 1180 kg @ $50.00 /tonne 58.98

Milling costs + Labour @ $26.00 /head 26.00

Water @ $20.00 /head 20.00


Drench, Dectomax 1 @ $4.88 /head 4.88

Ear Tags 1 @ $0.50 /tag 0.50

HGP implant , Synovex 0 @ $2.50 /dose 0.00

Lice Treatments 0 @ $0.00 /dose 0.00

Vaccine 1 @ $1.00 /dose 1.00

Veterinary 1 @ $1.25 /head 1.25

Vitamin injection 0 @ $1.50 /head 0.00

Losses 0.60% @ $6.59 /head 6.59

Sale, transport and other costs

Insurance $744 @ $2.00 /$1000 1.49

Transport In 1 @ $15.00 /head 15.00

Out 1 @ $30.00 /head 30.00

Commission @ 6.0% /head 82.58

Levies @ $5.00 /head 4.95

Accreditation costs on a 600 hd/year throughput 1.00


GROSS MARGIN PER HEAD $24Current interest rate 5.0%

Interest on cattle $10.19

Interest on feed $4.85

GROSS MARGIN AFTER INTEREST $9Break even sale price :-- c/kg on purchase price, costs & interest $606Break even purchase price :-- c/kg on sale price & costs $307

GROSS MARGIN SENSITIVITY PER HEAD

$/kg HSCW Carcase

$5.50 $5.80 $6.10 $6.40 $6.70

260.00$ -$65 $3 $71 $140 $208

270.00$ -$77 -$9 $60 $128 $196

280.00$ -$89 -$20 $48 $116 $185290.00$ -$101 -$32 $36 $104 $173

Feed Cost 300.00$ -$112 -$44 $24 $93 $161

/tonne 310.00$ -$124 -$56 $13 $81 $149

320.00$ -$136 -$68 $1 $69 $137

330.00$ -$148 -$79 -$11 $57 $126

340.00$ -$160 -$91 -$23 $45 $114

Providing premier seed testing and seed certification services to Australia’s seed and grain industries.

Acknowledged specialists in:

• Seed testing: Purity, germination, tetrazolium, moisture, and many other tests.

• Certification: OECD, AOSCA, domestic schemes, SureSeed®

• Program, ISTA certificates, phytosanitary declarations.

• Field Inspection services

• Seed lot sampling training

We deliver:

• secure online access to test results

• email delivery of test result updates and electronic certificates of analysis

1300 928 170pir.sa.gov.au/seeds


Farm Costs - Livestock 2020Note: The below costs have been collected from a number of regional sources and should be seen as an approximate guide only. Costs will vary depending on situation. Users of this publication should ascertain the relevance of these costs to their particular situation and make adjustments to gross margin budgets if required.

SHEEPLice Control Avenge $20.00 /litre

$1.60 /80ml dose

Extinosad $50.00 /litre

$1.50 /30ml dose

Extinosad Eliminator $200.00 /litre

$8.00 per 40mls = 100ltrs wash

Piranah $770.00 /litre

$7.70 per 10ml=100lts wash

Viper $22.00 /litre

$1.76 /80ml dose

Drench Triguard $38.00 /litre

$0.46 /12ml dose

Avomec Dual $49.50 /litre

$0.59 /12ml dose

Q-Drench $65.00 /litre

$0.78 /12ml dose

Cydectin $30.00 /litre

$0.36 /12ml dose

Dynamax Capsules $419.00 /100 capsules

$4.19 /capsule

Zolvix Plus $187.00 /litre

$1.12 /6ml dose

Cydectin Long Acting Injectable $300.00 /500ml

$1.80 /3ml dose

Startect $90.00 /litre

$1.08 /12ml dose

Vaccine Glanvac 3 $62.00 /250ml

$0.25 /1ml dose

Glanvac 3B12 $112.00 /250ml

$0.45 /1ml dose

Glanvac 3SB12 $130.00 /250ml dose

$0.52 /1ml dose

Glanvac 6 $85.00 /250ml

$0.34 /1ml dose

Glanvac 6B12 $148.00 /250ml

$0.59 /1ml dose

Glanvac 6SB12 $165.00 /250ml

$0.66 /1ml dose

Cobalife Vit B12 $60.00 /500ml

$0.12 /1ml dose

Cobalife Vit B12 + S $65.00 /500mls

$0.13 /1ml dose

Ultravac 5 in 1 $65.00 /250ml

$0.26 /1ml dose

Ultravac 5 in 1 with B12 $95.00 /500ml

$0.38 /2ml dose

Weanerguard B12 + S $220.00 /500ml

$1.32 /3ml dose

Eweguard B12 + S $265.00 /500ml

$1.33 /2.5ml dose

Scabigard $125.00 /5ml

$0.50 /0.02ml dose

Eryvac $170.00 /250ml

$0.68 /1ml dose

Gudiar $732.00 /250ml

$2.93 /1ml dose

Multimin Injection $360.00 /500ml

$1.80 /5ml dose

Vit ADE $160.00 /500ml

$0.80 /5ml dose

Blowfly Control Clik $58.00 /litre

$1.39 /24 ml dose

Vetrazin Spray On $12.00 /litre

$0.79 /66ml dose

Vetrazin Jetting Fluid $38.00 /litre

$76.00 per 2L=1000l jetting fluid

Blowfly and Lice $60.00 /litre

$120.00 per 2L=1000l jetting fluid


BEEFDrench Eprinex Pour-on $87.50 /litre

$4.38 /25ml dose

Eclipse Combination Pour-on $190.00 /litre

$5.23 /27.5ml dose

Cydectin Pour-on $77.00 /litre

$4.24 /55ml dose

Baymec LV $58.40 /litre

$0.73 /12.5ml dose

Dectomax Pour-on $80.00 /litre

$4.40 /55ml dose

Fly and Lice Arrest Easy Dose $92.00 /litre

$2.76 /30ml dose

Vaccine Ultravac 5 in 1 $65.00 /250 ml

$0.52 /2ml dose

Ultravac 5 in 1 with B12 $95.00 /500 ml

$0.76 /4ml dose

Ultravac 7 in 1 $220.00 /250 ml

$2.20 /2.5ml dose

Multimin Inj $380.00 /500ml

$3.80 /5 ml dose

Vit ADE $160.00 /500ml

$1.60 /5ml dose

Cobalife Vit B12 $60.00 /500 ml

$0.60 /5 ml dose

Cobalife Vit B12 + S $65.00 /500ml dose

$0.65 /5ml dose

NLIS Breeder Tags (incl levy) $4.75 each

Electronic Sheep Tags $1.65 each

Indicative freight costs for GM purposes Freight cattle in $30.00

Freight cattle out $30.00

Freight cattle out (Pastoral) $60.00

Cattle levy $5.00

FEED & OTHER COSTSWater $2.50 /DSE

Veh Fuel, R&M $1.00 /DSE

Other $0.50 /DSE

Hay $260.00 /tonne incl freight

Feed Cereal grain $280.00 /tonne incl freight

Lupins $450.00 /tonne incl freight

Pre Lambing Lick Block $30.00 /block

Dry Feed Lick Block $32.00 /block

STOCK RETURNS 2017 Average (Clean)2018

Average 2019

Average 2020

Estimated 2020

Estimated

WOOL- High Rainfall 28 mic 70% yield 756 895 1027 915 641

- High Rainfall 19 mic 70% yield 1878 2223 2039 1820 1274

- Med Rainfall 21 mic 68% yield 1533 2085 1995 1780 1210

- Low Rainfall 22 mic 63% yield 1461 2065 1983 1765 1112

- Crossbred Ram 32 mic 64% yield 450 539 485 310

SHEEP (continued)Wool packs nylon $12.40 ea

Shearing Sheep $318.62 /100

rams $637.24 /100

shed labour $241.12 /day

wool classer $306.75 day

superannuation 9.50% wages

Work Cover-Allow 4.00% total

shed sundries $0.20 /head

Crutching sheep $92.40 /100

rams $184.80 /100

Lamb marking mulesing / materials $1.40 /head

marking only $1.15 /head

ear tags $0.43 /head

Tri-Solfen $165.00 /litre

$1.65 /10 ml dose

Stock selling commission/insurance 6.0%

yard fees $0.85 /head

sheep transaction levy $0.20 /head

lamb transaction levy $1.50 /head

SA sheep industry levy $0.67 /head

wool brokerage / testing / insurance $0.27 /kg

wool levy 1.5%


Farm Costs - Cropping 2020Note: The below costs have been collected from a number of regional sources and should be seen as an approximate guide only. Costs will vary depending on situation. Users of this publication should ascertain the relevance of these costs to their particular situation and make adjustments to gross margin budgets if required.

CHEMICAL COSTS - HERBICIDES2,4-D Amine (625g/l) $5.90 /litre

2,4-D LV Ester (680g/l) $8.45 /litre

Achieve® WG $52.00 /kg

Affinity® $114.90 /litre

Aptitude® $59.76 /kg

Atlantis® (mesosulfuron 30g/L) $88.00 /litre

Atrazine (900 g/kg) $6.93 /litre

Axial® $130.00 /litre

Balance ® $0.15 /gram

Boxer Gold® $12.52 /litre

Broadstrike® $0.39 /gram

Diflufenican (Brodal) $39.50 /litre

Bromoxynil 200 $16.30 /litre

Bromoxynil /MCPA $18.85 /litre

Cadence® (700gm/Kg Dicamba) $35.90 /kg

Chlorsulfuron 750g/kg (Glean) $0.08 /gram

Clopyralid 300g/L (Lontrel® Advanced) $17.25 /litre

Rexade® (New formulation of Crusader®) $330.00 /litre

Diuron 900 gm a.i. granules $13.25 /kg

Factor® (butroxydim 250g/kg) $0.14 /gram

Flight® $30.00 /litre

Triclopyr 755g/L $20.50 /litre

Triclopyr 600g/L $13.80 /litre

Glyphosate 540g/L $5.40 /litre

Glyphosate 450g/L $4.50 /litre

Carfentrazone 400g/L (Hammer) $151.80 /litre

Intervix® $29.46 /litre

Metribuzin 750 gm/kg $48.00 /kg

M.C.P.A. LVE $8.14 /litre

MCPA Amine (750g/L) $9.94 /litre

Metsulfuron methyl $0.06 /gram

Oxyfluorfen 240g/L $15.76 /litre

Paradigm® $0.49 /gram

Paraquat 250 g/L $4.95 /litre

Precept® $16.50 /litre

Propyzamide (500 g/L) $21.80 /litre

Quizalofop 200g/L $19.80 /litre

Raptor $0.50 /litre

Reglone® $13.80 /litre

Roundup Ready PL with Plantshield $6.00 /litre

Sakura® $343.20 /kg

Sentry® $0.19 /gram

Clethodim (360g/L) $20.50 /litre

Sharpen® $0.42 /gram

Simazine Granules 900g/kg $7.53 /kg

S-metolachlor 960g/L (Dual®Gold) $16.00 /litre

Imazethapyr 700g/kg $93.00 /kg

Sprayseed® $9.50 /litre

Starane® Advanced (fluroxypyr 333g/L) $22.95 /litre

Terbyne® 875 $21.00 /kg

Tigrex $14.00 /lt

Topik® EC $33.36 /litre

Tri-allate 500g/L $11.50 /litre

Triasulfuron 750g/kg (Logran) $0.10 /gm

Valor® $146.67 /kg

Velocity® $32.15 /litre

Trifluralin 480g/L $8.00 /litre

Haloxyfop 520g/L (Verdict) $44.00 /litre

Talinor $26.26 /litre

Prosulfocarb $9.95 /litre

Pixxaro $42.50 /litre

Butisan $39.00 /litre

Luximax $78.00 /litre



CHEMICAL COSTS - ADJUVANTSUptake (Oil) $6.20 /litre

BS-1000 (WETTER) $5.60 /litre

Supercharge® $7.20 /litre

Hasten® $4.70 /litre

Banjo® $4.95 /litre

Adigor® $8.40 /litre

Hot-up® $5.00 /litre

LI-700 $4.90 /litre

Ammonium Sulphate $0.90 /kg

Oil Cost $2.33 Assume 75l/ha @0.5% oil

Wetter Cost per Ha $0.42 Assume 75l/ha @ 0.1% surf.

CHEMICAL COSTS - INSECTICIDESDimethoate 400g/L $9.10 /litre

Alpha-cypermethrin 16g/L $7.29 /litre

Lambda-cyhalothrin (Karate Zeon®) $108.00 /litre

Trojan® $95.98 /litre

Sumi-Alpha® Flex $9.84 /litre

Pyrinex® Super $11.60 /litre

Imidan® $13.50 /litre

Pirimicarb 500g/kg $30.00 /kg

Chlorpyrifos 500g/L $9.78 /litre

Bifenthrin 250g/L (Talstar®) $34.00 /litre

Imidacloprid 600g/L $36.30 /litre

Transform $180.00 /litre

Affirm $79.70 /litre

Cruiser 350 $49.50 /litre

Cobalt $8.45 /litre

Omethoate $28.00 /litre

CHEMICAL COSTS - FUNGICIDESApron® XL 350 ES $395.00 /litre

Mancozeb 750g/kg $8.83 /kg

Veto® 25C Flowable $13.86 /litre

Vibrance® $38.40 /litre

EverGol® Energy $54.50 /litre

Rancona Dimension® $40.00 /litre

Baytan® T Flowable $14.95 /kg

Pontiac® $26.25 /kg

P-Pickel T $34.00 /litre

Carbendazim 500g/kg $9.85 /kg

Tebuconazole 430 $14.90 /litre

Propiconazole 250g/L $11.39 /litre

Chlorothalonil 720g/L $12.54 /litre

Prosaro® $74.50 /litre

Amistar Xtra® $34.00 /litre

Tazer® Xpert $14.50 /litre

Systiva® $215.30 /litre

Procymidone 500g/L $24.60 /litre

Cogito® $24.17 /litre

Veritas® $24.90 /litre

Epoxiconazole 125g/L $24.00 /litre

Flutriafol (500g/l) $39.00 /litre

Aviator X-Pro® $54.50 /litre

Uniform® $63.30 /litre

CHEMICAL COSTS - TRACE ELEMENTSZinc (65% Zn) $11.40 /litre

Copper (50% Cu) $17.50 /litre

Manganese (40% Mn) $11.90 /litre



FUEL COSTSTotal price - Diesel (GST Exc) $1.30 /litre

Rebate $0.42 /litre

Net Price Diesel - $/litre $0.88 /l bulk includes rebate

FERTILISER COSTSMAP 10:22 $575 /tonne

DAP 18:20 $575 /tonne

Urea $500 /tonne

Superphosphate $360 /tonne

Granulock Z 11:22:0:4 plus 1% Zinc $640 /tonne

DAP + Urea 24:16 $576 /tonne



Sulphate of Ammonia $400 /tonne

GRAIN GRADING & PICKLING Cost /TonneGrading and pickling cereals $24.00

other crops $30.00

Grain Pickling- Wheat Veto® 25C Flowable $13.86

-Durum EverGol® Energy $141.70

-Barley Systiva® $322.95

Aphid Control - Cereals Imidacloprid (240ml/100Kg) $8.71 /100 kg treated seed

- Lupins Imidacloprid (300ml/100Kg) $10.89 /100 kg treated seed

Inoculant Legumes $50.00 /tonne treated seed

Seed Treatment Apron® XL 350 ES $296.25 /tonne treated seed

P-Pickle T $68.00 /tonne treated seed

Note- Assumes minimum standard of application for smuts and bunts. More expensive options available which may give some control of foliar diseases. Seek advice

FREIGHT COSTS (as included in Gross Margins) Cost /TonneCANOLA $30.00

FERTILIZER $25.00

LENTILS $35.00

OTHER LEGUME GRAINS $30.00

CEREAL GRAINS $25.00

TRITICALE $25.00

HAY-OATEN $30.00

CONTRACT RATES (indicative only- will be highly variable depending on situation) RangeGround Spraying $11.00 /hectare

Aerial spraying $15.00 /hectare

Contract harvesting cereals, low rainfall $60.00 /hectare $55-65/Ha

Contract harvesting cereals, medium rainfall $75.00 /hectare $70-80/Ha

Contract harvesting cereals, high rainfall $90.00 /hectare $85-95/Ha

Contract harvesting pulse/canola, low rainfall $70.00 /hectare $60-80/Ha

Contract harvesting pulse/canola, medium rainfall $85.00 /hectare $75-95/Ha

Contract harvesting pulse/canola, high rainfall $100.00 /hectare $90-110/Ha

Windrowing $38.00 /hectare

Contract spreading $8.50 /hectare excludes cartage

Contract sowing $50.00 /hectare

Haymaking

Contract mowing/ conditioning $50.00 /hectare

Hire of rake (supply own tractor and labour) $8.00 /hectare

Contract baling (725kg square bales) $25.00 /bale

Super conditioner (oaten hay) $25-40.00 /hectare

Hay Accumulation $3.00 /bale


Machinery Cost Information 2020Note: The below costs have been collected from a number of regional sources and should be seen as an approximate guide only. Users of this publication should ascertain the relevance of these costs to their particular situation and make adjustments to gross margin budgets if required. Rates are for low rainfall sitation. Inflate relevant costs (eg Harvesting) in higher yielding situations.

Farm Costs 2020Note: The below costs have been collected from a number of regional sources and should be seen as an approximate guide only. Costs will vary depending on situation. Users of this publication should ascertain the relevance of these costs to their particular situation and make adjustments to gross margin budgets if required.

INSURANCE COSTSLivestock

Sheep and cattle $2.00 /$1,000 insured

Crops

Cereals $9.00 /$1,000 insured

Chickpeas, lupins, safflower $10.00 /$1,000 insured

Faba beans, vetch, lentils, canola $12.00 /$1,000 insured

Field Peas $16.00 /$1,000 insured

Repairs & Maintenance - as a % of new value (shown below).

Lubrication costs - 5% of fuel cost.

Expected Work Work Fuel Rep & Main Hours

New Value Life - Efficiency Rate Use % New use

$ hours % ha/hr litre/hr Value per year Rep & Main Fuel Lubric'n Total

Tractor (220 kW) 250000 8,000 2 500 $10.00 $10.00

Tractor (90 kW) 150000 8,000 2 500 $6.00 $6.00

S.P. header (11.5 m) 700000 2,500 85% 9.0 50 2.5 250 $7.78 $0.00 $0.00 $7.78

S.P. header 11.5 m)(peas, lentils, vetch) 700000 2,500 70% 7.0 50 4 250 $16.00 $0.00 $0.00 $16.00

SP header(11.5m) beans, chicks, lupins) 700000 2,500 70% 7.5 50 3 250 $11.20 $0.00 $0.00 $11.20

Airseeder (15m) 250000 2,000 80% 10.0 45 2 250 $2.00 $0.00 $0.00 $2.00

Boomspray (36 m) 140000 1,500 75% 45.0 20 2 150 $0.41 $0.00 $0.00 $0.41

Roller (12 m) 30000 5,000 90% 10.0 20 1 20 $1.50 $0.00 $0.00 $1.50

Mower-conditioner (5m) 60000 2,000 80% 4.0 12 2 100 $3.00 $0.00 $0.00 $3.00

Cost per hour

Cost per hour

Costs per Hectare Machine

The GRDC’s Farming the Business manual is for farmers and advisers to improve their farm business management skills.It is segmented into three modules to address the following critical questions:

Module 1: What do I need to know about business to manage my farm business successfully?

Module 2: Where is my business now and where do I want it to be?

Module 3: How do I take my business to the next level?

The Farming the Business manual is available as: Hard copy – Freephone 1800 11 00 44 and quote Order Code: GRDC873

There is a postage and handling charge of $10.00. Limited copies available. PDF – Downloadable from the GRDC website – www.grdc.com.au/FarmingTheBusiness

or eBook – Go to www.grdc.com.au/FarmingTheBusinesseBook for the Apple iTunes

bookstore, and download the three modules and sync the eBooks to your iPad.

grdc.com.au

Module 1

Mike Krause

Module 2

Mike Krause

Module 3

Mike Krause

Level 4, 4 National Circuit, Barton ACT 2600 | PO Box 5367, Kingston ACT 2604 | T +61 2 6166 4500 | F +61 2 6166 4599 | E [email protected] | W www.grdc.com.au

The GRDC’s Farming the Business manual is for farmers and advisers to improve their farm business management skills.It is segmented into three modules to address the following critical questions:

Module 1: What do I need to know about business to manage my farm business successfully?

Module 2: Where is my business now and where do I want it to be?

Module 3: How do I take my business to the next level?

The Farming the Business manual is available as: Hard copy – Freephone 1800 11 00 44 and quote Order Code: GRDC873

There is a postage and handling charge of $10.00. Limited copies available. PDF – Downloadable from the GRDC website – www.grdc.com.au/FarmingTheBusiness

or eBook – Go to www.grdc.com.au/FarmingTheBusinesseBook for the Apple iTunes

bookstore, and download the three modules and sync the eBooks to your iPad.

grdc.com.au

Module 1

Mike Krause

Module 2

Mike Krause

Module 3

Mike Krause

Level 4, 4 National Circuit, Barton ACT 2600 | PO Box 5367, Kingston ACT 2604 | T +61 2 6166 4500 | F +61 2 6166 4599 | E [email protected] | W www.grdc.com.au

In 2019, SAGIT has invested in the following projects:

• 2019 Ag Excellence Forum & Awards, Ag Excellence Alliance

• A genetic, environmental and functional; investigation of late maturity alpha-amylase (LMA) and its implications for wheat breeding, University of Adelaide

• Agronomic and quality analysis of high protein malt barley in SA, SARDI

• Comparative effects of agricultural pesticides on SA soil microbial functions, University of South Australia

• Conversations with farmers: Agricultural Practice change with the PA early adopters, Society of Precision Agriculture Australia

• Copper management for the future, LEADA• CSI: Crop Science Investigators,

AgCommunicators• Deep ripping to enhance production on Mallee

sandy soils, Mallee Sustainable Farming• Developing new capability for research on

Rhizoctonia, SARDI• Development of a probe for continuous

measurement of soil nitrate, University of Adelaide

• Development of dual purpose awnless wheat varieties for frost management, LongReach Plant Breeders

• Enhanced N-use efficiency in durum through improved genetics, University of Adelaide

• Establishing current levels of salt tolerance in Australian bread wheats, SARDI

• Field testing of sodicity and salinity-tolerant oat varieties, University of Adelaide

• Grain research internships, SARDI• Grower crop root health workshops, SARDI• Herbicide residue effects on soil microbial

communities in alkaline soils, University of Adelaide

• Identifying nutrient requirements of lentils and chickpeas grown in Mallee sands, Mallee Sustainable Farming

• Improved capture of native soil nitrogen and

urea fertiliser in wheat, CSIRO Agriculture and Food

• Improved crop nutrition for disease management and reduced fungicide dependency, SARDI

• Improved phosphorus prescription maps - beyond replacement P, Trengove Consulting

• Improved soil water decisions across the S.E. cropping region, Mackillop Farm Management Group Inc

• Improving monitoring and management of etiella in lentils, SARDI

• Improving productivity of oats, SARDI• Improving the early management of dry sown

cereal crops, SARDI• Increasing reliability of lentil production on

sandy soils, Trengove Consulting• Increasing the knowledge and understanding

of micronutrient deficiency in the Upper North, Upper North Farming Systems

• Investigating frost susceptibility in Clearfield varieties treated with imidazolinone herbicide, Mallee Sustainable Farming

• Long-term cropping systems trial, Hart Field-Site Group

• MacKillop Farm Management Group annual trial results book, MacKillop Farm Management Group

• National Soil Judging Competition, Soil Science Australia (SA)

• Novel Plant growth-promoting bacteria from Australian soil biodiversity: evaluation, understanding and application, University of Adelaide

• Optimising P nutrition in pulses to maximise N fixation and yield, Agronomy Solutions

• Phenotypic evaluation of a wheat RIL population for salinity tolerance, University of Adelaide

• Profitable pulses for the Murray Plains, Murray Plains Farmers

• Promoting secondary and tertiary student

engagement in crop production, AgXtra• Publication of the 2020 Farm Gross Margin

Guide for SA, PIRSA Rural Solutions SA• Rapid development of innovative lentils for low

rainfall regions, Global Grain Genetics• Regional internship in applied grains research,

Hart Field-Site Group• Revealing the basis for head-loss in barley,

University of Adelaide• Rhizosphere 5 International Conference

in Saskatoon Canada, University of South Australia

• SA Crop Variety Sowing Guide, SARDI• SA HRZ canola variable rate nitrogen

prescription project, Elders Rural Services • Saline field evaluation of a wheat population

identifying novel salinity tolerance, University of Adelaide

• Seed priming to improve South Australian crop germination, SANTFA

• Soil water and temperature thresholds for early wheat establishment, CSIRO

• Spading header rows for grass control, improved yields and soil protection, Insight Extension for Agriculture

• Strategies to enhance the value of on-farm grain storage in South Australia, University of South Australia

• Strategies to enhance the value of on-farm grain storage in South Australia, CSIRO

• Supporting premier PA events: Precision Ag EXPOS and Symposiums, SPAA

• Survey potential emerging pulse root diseases, SARDI

• Swathing for barley grass weed seed collection and applying drone technology, SARDI

• Uniform seed distribution along the row to increase yields and reduce seed costs, Northern Sustainable Soils

• Upper North Barley time of sowing; frost / heat stress effects, Upper North Farming Systems

5101

/SAGITFund @SAGrainTrust bit.ly/SAGITYouTubewww.sagit.com.au

SA grain growers funding research solutions

S A G I T

The South Australian Grain Industry Trust annually invests more than $1.5 million to research and development projects across the industry, from growing, farming systems, soil management, nutrition, harvesting, storage, processing and marketing and extension of information to growers.

5101 SAGIT Full Page Advert.indd 1 25/9/19 9:01 pm

Documents

Rural Solutions SA - GRDC · [email protected] Max Young Chair 0419 839 008 [email protected] Bryan Smith Trustee (Group A) ... South Australia’s sheep producers, investing