Cost of Production and Break Even Price Analysis (2014/15)

18 June, 2014

The average budgeted unit Cost of Production (before interest), and Break Even Price (after interest), calculated from 2014/2015 client budgets for the major commodities is shown below:                   Both the Cost of … Continue reading


Key Financial Ratios (2014/15)

18 June, 2014

Some key indicators based on predicted EBIT (earnings before interest and tax) have been calculated on the 2014/15 client budget data. EBIT is a measure of profitability used across various businesses and industries. The average results for the top 20% … Continue reading


Nitrogen Expenditure 2014

18 June, 2014

Currently most areas are experiencing a near perfect start to the season. Good early rainfall and mild conditions have provided the opportunity to reduce the weed seed bank and led to rapid early growth of crops. These favourable weather conditions … Continue reading


Winter Cleaning Pastures 2014

18 June, 2014

In a mixed farming operation, winter cleaning of pasture is a valuable tool which utilises non-selective herbicides to control grass weeds. Winter cleaning involves using products such as Gramoxone (paraquat), Simazine, plus where required Jaguar (bromoxynil & diflufenican), to remove … Continue reading


Herbicide Carryover

18 June, 2014

With an increasing diversity of break crop species being grown and a trend towards earlier sowing, there is an increased risk of crop damage resulting from carryover of herbicide residues from one year to the next. Of particular concern are … Continue reading


RMS Client Seminar

18 June, 2014

A seminar in Temora organised by RMS to discuss Management of Herbicide Resistant Weeds was well attended by about 65 clients. The main speaker Dr Peter Boutsalis discussed; mechanisms of herbicide resistance, its development, frequency, distribution and management, as well … Continue reading


Grain Market Update – Wheat (June 2014)

18 June, 2014

The following graph shows the movement in Chicago (CBOT) December 2014 Wheat Futures price and the 2014/15 APW Multigrade price delivered port. The graph shows an increasing price trend to mid May, followed by an easing during the past month … Continue reading


Grain Market Update – Canola (June 2014)

18 June, 2014

The following graph shows the movement in WCE November 2014 Canola Futures and the domestic canola price delivered port. Canola prices have been relatively flat for the period, although there was a small lift in price during March/April. However this … Continue reading


Wool Market Update (June 2014)

18 June, 2014

The following graph shows the AWEX Eastern Market indicator (EMI) in cents per kilogram clean, from August 2009 to date. Whilst there has been some volatility over the last 2 years, the AWEX EMI has largely traded within a range … Continue reading


Interest Rate Update (June 2014)

18 June, 2014

The following graph shows movements in both the 3 month and 3 year Bank Bill yield rates, for the period January 2006 to June 2014. These rates are wholesale rates which are net of any margin charged by financial institutions. … Continue reading