General Comments – Newsletter September 2017

18 September, 2017

This News Bulletin marks the 30th anniversary of the farm business consultancy now known as Rural Management Strategies, commenced by Robert Patterson in October 1987.  It also marks another milestone in terms of employees becoming partners in the business, with … Continue reading


Russian Wheat Aphid – Update

18 September, 2017

Cereal crops should be monitored for Russian Wheat Aphid (RWA), as temperatures reach the ideal range for reproduction.  Any decision to treat infected paddocks should be based on an economic threshold, plus consideration of the yield potential of the crop … Continue reading


Protecting Crop Income from Adverse Weather Events

18 September, 2017

Frosts, droughts, floods and hot windy days can make farming a frustrating business at times.  When everything under the control of management has been done to obtain the best result, but a weather event occurs that significantly reduces the expected … Continue reading


Southern NSW RCSN

18 September, 2017

Rural Management Strategies has been engaged by Grain Research and Development Corporation (GRDC) to co-ordinate the newly formed Southern NSW Regional Cropping Solutions Network (RCSN). An initiative of the GRDC, the RCSN draws on a group of twelve growers, advisors … Continue reading


Work Health & Safety Policies – Can it be made Easier?

18 September, 2017

Clear and concise descriptions of the expectations and standards associated with the operation of a business, will provide a safe and more productive work environment.  So why doesn’t every small business do it?….because most small businesses find it difficult to … Continue reading


Grain Market Update – Wheat (September 2017)

18 September, 2017

The following graph shows the movement in Chicago (CBOT) December 2017 Wheat Futures price and the 2017/18 APW Multigrade price delivered port. Since early January, both the futures and domestic price have remained flat with the basis at or close … Continue reading


Grain Market Update – Canola (September 2017)

18 September, 2017

The following graph shows the movement in ICE November 2017 Canola Futures and the domestic canola price delivered port. Since early January, there has been a steady decline in both the futures and domestic prices. More recently the domestic price … Continue reading


Wool Market Update (September 2017)

18 September, 2017

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 led to all time record wool prices recently. While wool growers … Continue reading


Interest Rate Update (September 2017)

18 September, 2017

The following graph shows movements in both the 3 month and 3 year Bank Bill yield rates, for the period January 2006 to September 2017. These rates are wholesale rates which are net of any margin charged by financial institutions. … Continue reading


Cost of Production and Break Even Price Analysis (2017/18)

28 June, 2017

The average budgeted unit Cost of Production (before interest), and Break Even Price (after interest), calculated from 2017/18 client budgets for the major commodities is shown below: Both the Cost of Production (COP) and Break Even Prices (BEP) for wheat … Continue reading