Cost of Production and Break Even Price Analysis (2016/17)

23 June, 2016

The average budgeted unit Cost of Production (before interest), and Break Even Price (after interest), calculated from 2016/17 client budgets for the major commodities is shown below: Both the Cost of Production (COP) and Break Even Prices (BEP) for wheat, … Continue reading


Key Financial Ratios (2016/17)

23 June, 2016

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 2016/17 client budget data.  EBIT is a … Continue reading


Net Farm Income Analysis (2016/17)

23 June, 2016

Attention to management of costs rather than income, has the greatest impact on Net Farm Income, as 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


Russian Wheat Aphid

23 June, 2016

Russian Wheat Aphid (RWA) was recently discovered in South Australia and subsequently in Victoria. RWA has since been declared endemic in Australia, meaning it will not be eradicated but must instead be managed. RWA has not yet been found in … Continue reading


New Herbicide Products

23 June, 2016

A number of herbicide products have been released recently for broadleaf weed control in crops. The following products may be useful in specific circumstances. However, when targeting low populations of small broadleaf weeds, there are likely to be more cost … Continue reading


Saturated Soils – Potential for Denitrification (June 2016)

23 June, 2016

Growers are advised to resist the temptation to apply additional Urea onto saturated soils, as the potential for Nitrogen loss from denitrification is increased. Denitrification is the process by which Nitrate Nitrogen is converted to gaseous forms and lost to … Continue reading


Grain Market Update – Wheat (June 2016)

23 June, 2016

The following graph shows the movement in Chicago (CBOT) December 2016 Wheat Futures price and the 2016/17 APW Multigrade price delivered port. Since April both the CBOT Futures Price and the APW Multigrade price have increased slightly. For the same … Continue reading


Grain Market Update – Canola (June 2016)

23 June, 2016

The following graph shows the movement in ICE November 2016 Canola Futures and the domestic canola price delivered port. Since April 2016 the ICE Canola Futures price has rallied quite strongly. The domestic price has also strengthened, but the basis … Continue reading


Wool Market Update (June 2016)

23 June, 2016

The following graph shows the AWEX Eastern Market indicator (EMI) in cents per kilogram clean, from August 2009 to date. Recent prices have been historically high, but with some volatility since May 2015. Current strong prices relative to historical values, … Continue reading