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


Early Weaning of Lambs

23 July, 2018

The following article has been contributed by Laura Kemmis of Productive Livestock Systems (laura@productivelivestock.com.au) Due to the ongoing dry conditions and the resulting lack of pasture growth, early weaning should be considered as a way to reduce overall feed demand. … Continue reading


Grain Market Update – Wheat (July 2018)

23 July, 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. New crop wheat prices have steadily increased since January 2018, driven by the late break and demand … Continue reading


Grain Market Update – Canola (July 2018)

23 July, 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 (July 2018)

23 July, 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 up wool prices beyond record levels. As shown … Continue reading


Interest Rate Update (July 2018)

23 July, 2018

The following graph shows movements in both the 6 month and 3 year Bank Bill yield rates, for the period January 2006 to June 2018. These rates are wholesale rates which are net of any margin charged by financial institutions. … Continue reading


Supplementary Feeding of Livestock on Pastures

20 April, 2018

Dry autumns are common in southern NSW and are not necessarily linked to dry conditions during winter and spring. However, when the season does not break until late April / early May, there is little time for pasture growth to … Continue reading


Soil Acidity

20 April, 2018

Lime application rates and incorporation techniques may require reviewing in light of recent survey work by NSW DPI.  Many of the points below are not new, but it is important to revisit such topics, as they can be forgotten. Nearly … Continue reading