Nutrient Removal and Soil Testing (September 2018)

26 September, 2018

Where droughted crops are harvested and yields are low, the removal of major nutrients such as N, P & S will also be low. This presents an opportunity to reduce costs in 2019, by reducing inputs in line with removal … Continue reading


Drought Relief Funding (September 2018)

26 September, 2018

The Commonwealth and State Government have implemented new drought support measures to offset financial difficulties as drought conditions have intensified and expanded. The following is a list of the main support measures currently available to drought affected producers. This list … Continue reading


Fallowing and Spraytopping Pastures (September 2018)

26 September, 2018

Many pastures which were programmed to be either spraytopped or fallowed, are currently severely moistures stressed, with most weeds appearing to be as good as dead. It is likely that the seed set of these weeds will be minimal in … Continue reading


Grain Market Update – Wheat (September 2018)

26 September, 2018

The following graph shows the movement in Chicago (CBOT) December 2018 Wheat Futures price and the 2018/19 APW Multigrade price delivered Port Kembla. Drought induced supply and demand constraints have pushed domestic wheat prices up to record levels in the … Continue reading


Grain Market Update – Canola (September 2018)

26 September, 2018

The following graph shows the movement in ICE November 2018 Canola Futures and the domestic canola price delivered Port Kembla. The new crop canola price delivered port has increased steadily since January 2018. For the majority of the period the … Continue reading


Wool Market Update (September 2018)

26 September, 2018

The following graph shows the AWEX Eastern Market indicator (EMI) in cents per kilogram clean, from August 2009 to date. Decreased wool availability plus strong demand from buyers has continued to push wool prices beyond record levels. As shown in … Continue reading


Interest Rate Update (September 2018)

26 September, 2018

The following graph shows movements in both the 6 month and 3 year Bank Bill yield rates, for the period January 2006 to date. These rates are wholesale rates which are net of any margin charged by financial institutions. Currently … Continue reading


Cost of Production and Break Even Price Analysis (July 2018)

23 July, 2018

The average budgeted unit Cost of Production (before interest), and Break Even Price (after interest), calculated from 2018/19 client budgets for the major commodities is shown below:               On average, both the Cost of … Continue reading


Key Financial Ratios (July 2018)

23 July, 2018

Management should focus on costs rather than income, is the key message from the following analysis. Some key indicators based on predicted EBIT (earnings before interest and tax) have been calculated on the 2018/19 client budget data.  EBIT is a … Continue reading


Net Farm Income Analysis (July 2018)

23 July, 2018

Attention to management of costs rather than income, has the greatest impact on Net Farm Income, is shown below. The results of budgeted Net Farm Income per hectare, for both the top 20% of clients plus average for the group, … Continue reading