GRAIN INDUSTRY
R E S E A R C H U P D AT E
TArGeTed
reSeArch
The SA Grain Industry Trust invests more than $1.2 million a year in supporting
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In 2011 – 2012 SAGIT IS SupporTInG 27
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tolerance of wheat– Australian
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OTher PrIOrITIeS
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Throughout 2012 the GRDC is working on
a number of fronts to increase grower and adviser
capacity in farm business management.
shops
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Guid ustralia to
south a
For Further inFormation on GrDC supporteD proFit
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Produced by Rural Solutions SA
FARM GROSS MARGIN AND
ENTERPRISE PLANNING GUIDE
2012
“A gross margin template for
crop and livestock enterprises”
• Compare the gross margin profitability of
enterprises, paddocks and rotations
• Make the best decisions
• Compare the sensitivity of profit of enterprises
to a change in production, costs and price
Sponsored by SAGIT and GRDC
ISBN 978-1-921779-39-8
Published February 2012
DISCLAIMER
This guide has been prepared in good faith on the basis of the information available at the date of publication
without any independent verification. The South Australian Grain Industry Trust, Rural Solutions SA and
the Grains Research and Development Corporation do not guarantee or warrant the accuracy, reliability,
completeness or currency of the information in this guide nor its usefulness in achieving any purpose.
Readers are responsible for assessing the relevance and accuracy of the content of this guide. The South
Australian Grain Industry Trust, Rural Solutions SA and the Grains Research and Development Corporation
will not be liable for any loss, damage, cost or expense incurred or arising by reason of any person using or
relying on the information in this Farm Gross Margin and Enterprise Planning Guide.
FARM GROSS MARGIN AND
ENTERPRISE PLANNING GUIDE
That grain farmers face many challenges is an understatement. Seasons,
mice, low prices and wet harvests are just some of these. Yet for many,
recent yields have been good with good financial returns.
In the good times, farmers often neglect the opportunity to optimise their profit
and manage risk so that they are well set up to weather the inevitable poorer
seasons and lower prices. Currently, overall prospects for farming are quite
good and we can expect to go through a period of growth. To benefit will
require a keen eye on the farm business.
Change will no doubt continue and there will be the need to adopt new
technologies and to increase the effectiveness of existing operations to
reduce costs. It will also be necessary to consider different ways of managing
risk whilst maximising profit to improve total farm income. This will involve
close examination of the key drivers of both profit and risk.
This publication “2012 Farm Gross Margin and Enterprise Planning
Guide” will help farmers and their advisers compare the gross margins
of enterprises, paddocks and rotations and their respective sensitivity to
changes in production, cost and price to ultimately make the best decisions to
maximise the chances of a successful 2012 season.
We know that each farmer and their farm business is different and so a ‘one
size fits all’ approach will not work. The templates and sensitivity analysis
provided in this guide allows you to feed in your own figures and ask the
‘what if’ type questions appropriate to you and your situation. The guide is
to help inform your decisions and compare options – it does not make the
decisions for you.
This guide is one of few publications that provide gross margins for both
crops and livestock enterprises across the range of South Australian rainfall
zones.
We believe that the business of farm management is so important that
the South Australian Grain Industry Trust and the Grains Research and
Development Corporation have partnered with Rural Solutions SA to provide
a copy of this guide to every farm business in SA.
We hope you find it valuable in your decision making.
Peter Kuhlmann
Chairman
SAGIT
David Shannon
Chairman
GRDC Southern Panel
Daniel Casement
Acting Executive Director
Rural Solutions SA
Livestock Solutions
Rural Solutions SA provides skilled and professional services for livestock
industries in South Australia, other states of Australia and overseas.
Our technical experts are strategically placed in country areas of South
Australia. We provide independent services and programmes for
livestock industries which:
•
•
•
•
improve business profits in a sustainable way,
promote innovation and change to benefit all industry participants,
improve national and international competitiveness,
protect our production and natural resource base.
The Livestock team also provides policy advice to industry and
government to maintain an environment which is attractive to investors.
Farm Gross Margin Guide 2012
CONTENTS
Introduction.........................................................................................................2
UsingthisGrossMarginsGuide.........................................................................4
EnterpriseProfitabilityandCostofProduction....................................................5
2012GrossMarginEstimates.............................................................................9
GrossMargins...................................................................................................12
BlankProForma................................................................................................13
APWWheat.......................................................................................................14
DurumWheat.....................................................................................................16
MaltingBarley....................................................................................................18
FeedBarley.......................................................................................................20
MillingOats........................................................................................................22
FeedOats..........................................................................................................24
Triticale..............................................................................................................26
Vetch..................................................................................................................28
Lupins................................................................................................................30
RedLentils.........................................................................................................32
FieldPeas..........................................................................................................34
FabaBeans.......................................................................................................36
Chickpeas..........................................................................................................38
Canola...............................................................................................................40
ExportOatenHay..............................................................................................42
PrimeLambs–HighRainfall.............................................................................44
SelfReplacingMerinoFlock–HighRainfall......................................................47
MerinoWethers–HighRainfall.........................................................................50
PrimeLambs–CerealZone..............................................................................52
SelfReplacingMerinoFlock–CerealZone......................................................55
MerinoWethers–CerealZone..........................................................................58
PrimeLambs–PastoralZone...........................................................................60
SelfReplacingMerinoFlock–PastoralZone....................................................63
MerinoWethers–PastoralZone.......................................................................66
CleanskinSheep–CerealZone........................................................................68
BeefCattle–HighRainfall.................................................................................70
BeefCattle–MediumRainfall...........................................................................72
BeefCattle–LowRainfall.................................................................................74
Appendices.......................................................................................................77
1
Farm Gross Margin Guide 2012
INTRODUCTION
Thisbookprovidesaformatandgeneralestimatesforcalculatingcropand
livestockgrossmarginprofitandenterpriseprofitabilityforbroadacreenterprises
acrossSouthernAustralia.Itprovidesabasetoeasilycalculategrossmargins
andtouseforcashflowplanning.
Ablankformatisincludedaswellasablankcolumnoneverypage,alongwitha
fulllistofproductandinputcostsasaguideforthosewishingtoconstructtheir
owngrossmargins.
What are Gross Margins
Thegrossmarginforafarmenterpriseisonemeasureofprofitabilitythatisa
usefultoolforcashflowplanninganddeterminingtherelativeprofitabilityoffarm
enterprises.Theycanalsobeusedtoassistinassessingtheopportunityto
developnewfarmenterprises.
Grossmarginprofitisthedifferencebetweentheannualgrossincomeforthat
enterpriseandthevariablecostsdirectlyassociatedwiththeenterprise.
Inconstructinggross
margins,fixed
(overhead)costsare
ignored,asitis
consideredthatthey
willbeincurred
regardlessofthelevel
oftheenterprise
undertaken.
Thegrossmarginof
differententerprises
shouldnotbe
comparediftheyhave
differentoverheadcosts.

Compare the relative profitabilityofcurrent
farmenterprises,paddocksorrotations

Estimate changesinenterpriseprofitcaused
bychangesinprice,costoryields

Pinpoint high cost or low incomeareasinthe
existingfarmplan

Evaluate the profitabilityofare-organisation
ofthefarmenterprisemix
Thebasegrossmarginsincludedinthisbookshouldbeadjustedasrequiredfor
commodityprices,yield,inputcostsandinputitems.Theseitemsvaryconsiderably
betweendifferentlocationsanddifferentfarmbusinesses.
Treatment of machinery- Itisassumedthatmostmachineryitems(tractors,
seeders,sprayers,harvestersetc.)areownedbythefarmbusiness.Ineachgross
margininthisguide,theoperatingcosts(fuelandrepairs)havebeenincluded
basedonthenumberofmachinerypassesspecified.No allowance is included in
the gross margin for machinery ownership costs such as depreciation or
opportunity cost of capital.Whencalculatingenterpriseprofitability,these
ownershipcostsneedtobeincluded.Analternativeistoincludeallmachinery
costsatfullcontractrate.
2
Farm Gross Margin Guide 2012
Limitations of Gross margins
Thegrossmarginspreparedwithinthispublicationhave
beendesignedtorepresent‘averagecasescenarios’
withintherespectiverainfallzonesofSouthernAustralia.
Theyshouldbetreatedstrictlyasabaseguideonlyand
adaptedbyusersfortheirparticularsituations.
KEY POINT
Makeyourown
adjustmentsto
thegrossmargins
inthisbookto
adapttoyourown
Grossmarginsarebestusedtocompareenterprisesthat
makeuseofthesameresourcesontheproperty.They
cannotbeusedwherevaryingcapitalinputisneededforanenterprise.Cropping
andlivestockgrossmarginscanonlybecomparedifallcapitalresourcesare
alreadyontheproperty.
Estimatesofinputsandproductioncanvaryfromwhatactuallyoccurs.Althougha
cropmighthavethehighestgrossmargin,itmightbethemostsensitiveto
variation.Commodityprices,seasonalconditions,pestsanddiseasecan
significantlyaffecttheeventualgrossmargin.Riskcanbeassessedbycomparing
grossmarginscalculatedwithvaryingvaluesforaninput.
Sensitivityanalysistablesareincludedinthebooktohelpdeterminetheimpacton
thegrossmarginofsignificantchangesinyieldandprice.
Agronomicinformationincludingchemicalratesareprovidedasaguideonlyand
exactagronomicrecommendationswillvarywithlocation,soiltypeandanumber
ofotherfactors.
Grossmarginshavebeenbroadlydelineatedintoproductionzonesbasedon
rainfall.Averageannualrainfallzoneshavebeenclassifiedas‘Low Rainfall’(<350
mm),‘Medium Rainfall’(350–400mm)and‘High Rainfall’(>400mm).
3
Farm Gross Margin Guide 2012
USING THIS GROSS MARGINS GUIDE
(as an aid to enterprise selection)
Grossmarginsarejustonecomponentofawholerangeoffactorswhichgointo
enterpriseselectionforpaddocksandzonesonafarmingproperty.Someofthese
otherfactorsinclude:
 Stageofrotation-weed,pests,nutritionanddiseaselevels
 Suitabilityofproposedlandusetolandclass-istherephysicalrestrictions
whichlimitenterpriseselection?
 Availabilityofsuitableplant,equipment,labourand/orinfrastructureto
carry-outtheenterprise.
Potentialreturnsandcostsvarysubstantiallybothbetweendifferententerprises
andthesameenterprisesconductedondifferentlandclassesacrosslandscapes.
Thereisusuallyatrade-offbetweentheexpectationofpotentialincomeandriskof
lossi.e.riskcreatesreturn.Itisimportanttoexploreandunderstandthistrade-off
whenselectingappropriateenterprisesfordifferentareasofyourproperty.
STEP 1 Calculate your own Gross Margins for relevant enterprises by filling
in the “2012 Your Estimate” column for those crops you may consider
growing.
Ratesandtypesoffertiliserandweedcontroltreatmentswillobviouslyvaryfor
differentsituations.Rememberthatthesecalculationsarenotmeanttobeanexact
science- roughly right is better than precisely wrong! Useyourownestimates
whenthevaluesvarysignificantlyfromthoseincludedintheexample.
Calculating the break even yield needed to cover variable costs will give
some indication of the riskiness or exposure of the particular enterprise.
Remember,ofcourse,thattherearemanyothercosts(inadditiontothevariable
costs)whichneedtobecoveredbeforeaprofitismade-discussiononthisfollows
onsubsequentpages.Referencetothesensitivitytableswillprovidefurther
informationonhowthereturnsfromtheenterpriseareexpectedtorespondtoa
rangeofpricesandyields.
STEP 2 Calculate enterprise profitability and Cost of Production
Referdiscussiononsubsequentpages.
STEP 3 Cash Flow Expense Calculation
TheinformationcontainedintheGrossMarginscanbeusedtoidentifylevelsof
expenditureonvariablecostitems(e.g.fertiliserandweedsprays)forinclusionin
cash-flowbudgets.RefertosectiononCash Flow Expense Calculation
4
Farm Gross Margin Guide 2012
Calculating Enterprise Profitability and Cost of Production
CalculationofGrossMarginsonlyincludesthevariablecostsassociatedwiththeparticular
enterprise.Othercostsneedtobeallowedforincalculatingtheoverallenterprise
profitability.Theseincludedepreciation,overheadorfixedbusinesscosts,interestand
livingorpersonaldrawings
TheReadyReckonerTablesonthenexttwopagesprovideaquickmeansofcalculating
yourannualoverheadcostperhectare.Alternatively,calculateyourownbycompletingthe
"Your Estimates"column.
Example
APW
WheatMedium
Rainfall
Gross Income($/Ha)(From
Gross Margin)
550
VariableCosts(Gross Margin)
Depreciation (Ready Reckoner)
OverheadCosts(Ready Reckoner)
Interest (Ready Reckoner)
Drawings (Ready Reckoner)
317
67
33
33
40
Total Enterprise Expenses ($/Ha)
490
ExpectedYield(Gross Margin) ( t/ha)
Cost of Production (Total expenses
divided by yield)
2.5
Enterprise Profitability (Gross Income
minus Total Enterprise Expenses)
($/Ha)
Your Enterprises
196
60
Note 1.FixedcostscanbeallocatedonotherthanaperHectarebasisifmoreappropriate
egsubstantiallydifferentlandclassesmayprefercoststobeallocateddependingongross
incomebeingderivedfromvariousenterprises.
Note 2. Whilethisformatworkswellincalculatingprofitabilityforcroppingenterprises,care
needstobetakenwhenapplyingtograzingenterprises.TheGrossMarginsforstock
includedinthisbookletdo not includeanyallowanceforpastureestablishmentor
maintenance(egseed,fertiliser,insectandweedcontrol).Anycalculationofprofitabilityfor
grazingenterprisesneedtotakethesecostsintoaccount.
Note 3. CostofProductioncalculatedabovedoesnotincludeanyformofreturnonyour
investmentinland,plantandequipment.Enterpriseprofitabilityneedstocoverthisreturn.
5
Farm Gross Margin Guide 2012
Ready Reckoner Tables
Depreciation
AnnualDeprecRate
AnnualDepreciation($)
250,000
10.00%
25000
CroppedArea
500
1000
1500
2000
2500
3000
3500
4000
4500
5000
50
25
17
13
10
Your
Estimate
CroppingMachineryValue($)
500,000
750,000 1,000,000 1,250,000 1,500,000
10.00%
10.00%
10.00%
10.00%
10.00%
50000
75000
100000
125000
150000
YourCroppedArea
Annual$/HaCostforDepreciation
100
150
50
75
100
125
150
33
50
67
83
100
25
38
50
63
75
20
30
40
50
60
17
25
33
42
50
21
29
36
43
25
31
38
22
28
33
25
30
Overhead (Fixed) Costs
AnnualOverheadCosts($)
25,000
50,000
TotalFarmArea
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
25
13
8
6
5
75,000
100,000
150,000
200,000
YourFarmArea
Annual$/HaOverheadCosts
50
75
100
150
200
25
38
50
75
100
17
25
33
50
67
13
19
25
38
50
10
15
20
30
40
8
13
17
25
33
7
11
14
21
29
9
13
19
25
8
11
17
22
8
10
15
20
OverheadCostsmayincludethefollowingitems
AccountancyFees
BankFeesandCharges
Electricity(non-enterpriserelated)
ConsultancyandSubscriptions
GeneralInsurances
Telephone,PostageandInternet
MotorVehicleexpenses(non-enterpriserelated)
RatesandTaxes
LandLeasingExpenses
PermanentLabour
Other……
Annual Overhead Costs
TOTAL
6
Your
Estimate
Transfertotheabovetable
Your
Estimate
Farm Gross Margin Guide 2012
Ready Reckoner Tables
Interest (Debt Servicing) Costs- include any machinery leasing costs
AnnualInterestCosts($)
25,000
50,000
150,000
200,000
YourFarmArea
Annual$/HaInterestCosts
50
75
100
150
200
25
38
50
75
100
17
25
33
50
67
13
19
25
38
50
10
15
20
30
40
8
13
17
25
33
7
11
14
21
29
6
9
13
19
25
6
8
11
17
22
5
8
10
15
20
TotalFarmArea
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
25
13
8
6
5
4
4
3
3
3
75,000
100,000
Living (Personal Drawings) Expenses
AnnualDrawings($)
40,000
60,000
40
20
13
10
8
7
6
5
4
4
60
30
20
15
12
10
9
8
7
6
TotalFarmArea
1000
2000
3000
4000
5000
6000
7000
8000
9000
10000
80,000
100,000
Annual$/HaDrawings
80
100
40
50
27
33
20
25
16
20
13
17
11
14
10
13
9
11
8
10
120,000
140,000
YourFarmArea
120
60
40
30
24
20
17
15
13
12
Your
Estimate
Your
Estimate
140
70
47
35
28
23
20
18
16
14
Personaldrawingsincludealllivingexpenses,annualschoolfees,personalincometax,non
businessrelatedmotorvehicleexpenditure,holidays,superannuation,personallifeinsurances
andanyotherexpensesofapersonalnature
7
Farm Gross Margin Guide 2012
eg Wheat
Cash Flow Expense Calculation
Enterprise
Pasture
Costs
EstimateindividualvariablecostexpensesforinclusioninyourannualCashFlowBudgetbytakingyourestimatesfromthe
GrossMarginscalculationsandaggregatingthemacrossenterprises
Seed
Area (Ha)
Cost ($/Ha)
Total
Expense
Fertiliser
Area (Ha)
Cost ($/Ha)
Total
Chemicals Area (Ha)
Cost ($/Ha)
Total
Operations Area (Ha)
Cost ($/Ha)
Total
Freight
Area (Ha)
Cost ($/Ha)
Total
Contracting Area (Ha)
Cost ($/Ha)
Total
8
Farm Gross Margin Guide 2012
COMMODITY PRICES HISTORICAL DATA
Historical commodity price data and trends can be used as a guide in assessing average returns
over time and also the variability of those returns for any given commodity. NOTE: 12/13 Forecast
Grain Prices: Forecast grain prices for 12/13 are affected by the value of the Australian
Dollar, world consumption, and Australian and other major grain exporting countries
production. Future pricing is uncertain and caution is needed with projections.
Commodity
Jan 2008
APWWheat($/t)
Durum($/t)
MaltBarley($/t)
FeedBarley($/t)
MillingOats($/t)
FeedOats($/t)
Triticale($/t)
GrainVetch($/t)
Lupins($/t)
Lentils($/t)
FieldPeas($/t)
FabaBeans($/t)
Chickpeas6-8mmKabuli($/t)
Canola($/t)
OatenHay($/t)
Jan 2009 Jan 2010 Jan 2011 Jan 2012
365
550
350
300
280
270
320
500
370
760
440
600
700
600
180
280
450
270
175
170
150
210
700
320
1000
350
340
600
530
180
205
250
180
135
150
130
150
500
250
920
255
260
500
405
125
310
310
270
200
150
130
200
280
270
680
265
320
600
600
125
214
280
220
200
180
170
170
280
155
410
300
370
500
500
140
5 yr
Average
2012
Estimate
275
368
258
202
186
170
210
452
273
754
322
378
580
527
150
220
270
230
190
185
175
180
280
190
450
270
300
480
470
140
2012 Gross Margin Estimates
Thetablesbelowsummarisetheanticipatedgrossmarginsforallcropsandlivestockfor2012.
Commodity $/ha
APWWheat
Durum
MaltBarley
FeedBarley
MillingOats
FeedOats
Triticale
GrainVetch
Lupins
Lentils
FieldPeas
FabaBeans
Chickpeas(Kabuli)
Canola
OatenHay
CROPPING
Low
182
166
190
169
Medium
233
270
High
353
457
289
213
412
331
59
170
289
80
180
304
76
31
8
112
67
129
121
76
261
141
211
196
133
466
347
39
86
130
131
135
307
327
209
416
562
541
317
Enterprise $/dse
PrimeLambs
Merinobreeders
Merinowethers
Cleanskin
BeefCattle
LIVESTOCK
Pastoral
Cereal
26
37
24
16
44
48
33
38
16
High
37
49
35
19
9
Farm Gross Margin Guide 2012
Comparative returns between farm enterprises – High Rainfall
Livestock Gross Margin per dse
High Rainfall
Cropping Gross Margin per Hectare
High Rainfall
$60
$500
$50
$400
$40
GM $/dse
$600
GM $/ha
$300
$200
$100
$30
$20
$10
$0
$0
Comparative returns between farm enterprises – Medium Rainfall
Cropping Gross Margin per Hectare
Medium Rainfall
Livestock Gross Margin per dse
Cereal Zone
$350
$60
$300
$50
$250
$40
GM $/ds
se
$200
$150
GM $/ha
$100
$30
$
$20
$10
$50
$0
$0
Comparative returns between farm enterprises – Low Rainfall
Livestock Gross Margin per dse
Pastoral Zone
Cropping Gross Margin per Hectare
Low Rainfall
$200
$40
$180
$35
$160
$30
$140
GM $/ha
$100
$80
$60
$40
$20
$0
10
$25
GM $/dse
$120
$20
$15
$10
$5
$0
Farm Gross Margin Guide 2012
Seed testing pays
Build profits by ensuring seed quality
Do you want to be sure of the quality of your
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purity content of your sowing seed for as little as $47*
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for oat or canola seed.
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What we do
•
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•
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•
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seed certification and seed testing programs
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fast online access to analytical test results
and account information
* Prices are excluding GST and current as at February 2012.
11
Seed Services Australia is a
business unit of Rural Solutions SA
(08) 8303 9549
Farm Gross Margin Guide 2012
GROSS MARGINS
GROSS MARGINS
The gross margins in this book are designed to provide a template only,
for users to adapt to their own situation, and
should not be relied upon as representative of any one particular situation.
Belowisanexampleofhowthesegrossmarginsmaybeadaptedtosuitindividual
circumstances.Acopyofablankgrossmarginsheet,whichmaybephotocopied
tocalculateyourowngrossmargin,isincludedonthenextpageofthispublication.
EXPORT OATEN HAY GROSS MARGIN
2012
INCOME
Adjustfertiliser
ratestoyour
ownsituation
considering
priorrotation
YOUR
Rainfall Zone
LOW
Price(11/12Forecast)
Quality
MEDIUM
$140
HIGH
$140
ESTIMATE
Insertyour
estimatesbased
onprojected
yieldandprice
$140
Mixedgrades
Yield(t/ha)
GROSS INCOME
3.50
5.00
7
$490
$700
$980
Rate/ha
VARIABLE COSTS
Cost
Low
Rate/ha
$/ha
Medium
Rate/ha
$/ha
High
$/ha
120
$21.60
130
$23.40
0
$0.00
0
$0.00
Seed
Costofseed
shouldalways
beallowedeven
ifusingown
seed
Levies
Seed
Chemicalrates
willvaryin
somecases
withsoiltypes.
Adjustforlocal
chemicalcosts
$180.00 /tonne
@
$0.00 /tonne
@
SeedTreatment
90
$16.20
Fertiliser (Bulk)
18:20:0
$780 /tonne
@
60
$46.80
80
$62.40
110
$85.80
Urea
$620 /tonne
@
30
18.6
75
$46.50
150
$93.00
Chemicals-Herbicides
SummerWeedControl
Various
Allow
$15.00
$15.00
$15.00
Pre-emergents
$5.00 /litre
@
1.2
$6.00
1.2
$6.00
1.2
$6.00
Oxyfluorfen
$20.00 /litre
@
0.075
$1.50
0.075
$1.50
0.075
$1.50
DualGold
$17.50 /litre
$
@
0.5
$8.75
$
0.5
$8.75
$
Diuron
$11.70 /litre
MostGM’s
Post-MCPAAmine
$9.25 /litre
assumeown
equipment.Add Insecticides
Fungicides
ordelete
contractwork
Operations
componentas
Fuel&Oil
Repairs&Maintenance
required
@
0.4
$4.68
0.4
$4.68
0.4
$4.68
@
0.5
$4.63
0.5
$4.63
0.5
$4.63
Glyphosate540
$9.06
$9.06
$9.06
$7.05
$7.05
$7.05
Freight
Hay
$20.00 /tonne
@
3.5
$70.00
5.0
$100.00
7.0
$140.00
Fertiliser(t)
$20.00 /tonne
@
0.09
$1.80
0.16
$3.10
0.26
$5.20
Contract Work
Breakeven
yieldisvariable
costsdivided
byprice
varies /ha
@
1.0
$35.00
1.0
$38.00
1.0
$42.00
SuperConditioner
Haymowing
$28.00 /ha
@
1.0
$28.00
1.0
$28.00
1.0
$28.00
Haybaling
$26.67 /tonne
@
3.5
$93.33
5.0
$133.33
7.0
$186.67
$2.50 /$1000
@
Insurance
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
$1.23
$1.75
$2.45
$359
$491
$663
$131
$209
$317
$103
2.56
$166
$98
3.51
$259
$95
4.74
$387
AGRONOMIC NOTES
Fertiliserrateassumeshayfollowsacereal.Bonusesforshedding Theuseofa'superconditioner'cansignificantlyreducedryingtime
andlatedeliverymayapply.Additionalcapitalcostsincluding
andsubsequentlyriskwithlesschanceofaqualitydownrade.No
sheddingandextramachinerymayneedtobeconsidered.
allowancehasbeenmadeforcostofraking.
12
Adjustforactual
herbicideuse.
Consultcost
sectionforcosts
ofother
chemicalsand
labelinformation
forrates
Breakeven
priceis
variablecosts
dividedby
yield
Farm Gross Margin Guide 2012
Gross Margin Pro Forma
INCOME
Averageyield
(estimatedsiloreturn)
$/ha
t/ha
@ $
t/ha
@
$
/tonne
kg/ha
kg/ha
@
@
$
$
/tonne
/tonne
kg/ha
kg/ha
kg/ha
@
@
@
$
$
$
/tonne
/tonne
/tonne
Chemicals
Herbicides
Insecticides
Fungicides
kg/ha
kg/ha
@
@
$
$
/tonne
/tonne
kg/ha
kg/ha
@
@
$
$
/tonne
/tonne
kg/ha
kg/ha
@
@
$
$
/tonne
/tonne
EXPENSES
Pool Charges
& Interest
Seed
Seed
treatment
/tonne
TOTAL INCOME
Fertiliser
Machinery
Fuel&Oil
Repairs&
Maintenance
Freight
Grain
Fertiliser
Contract
Work
Insurance
Other
TOTAL EXPENSES
GROSS MARGIN /HECTARE
13
Farm Gross Margin Guide 2012
APW WHEAT GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
Quality
MEDIUM
$220
HIGH
$220
ESTIMATE
$220
APW(ChangePriceforothergrades)
Yield(t/ha)
1.5
$330
GROSS INCOME
Rate/ha
VARIABLE COSTS
Cost
Low
2.5
3.5
$550
$770
Rate/ha
$/ha
Medium
Rate/ha
$/ha
High
$/ha
Seed
Seed
$0.21 /kg
@
60
$12.84
80
$17.12
90
$19.26
SeedTreatment
$0.05 /kg
@
60
$2.76
80
$3.68
90
$4.14
Levies
GRDCLevies
1.0% GrossIncome
$2.30 /tonnesold
EPR&statelevies
$3.30
$5.50
$7.70
$3.45
$5.75
$8.05
Fertiliser (Bulk)
18:20:0
Urea
Chemicals-Herbicides
SummerWeedControl
$780 /tonne
@
$620 /tonne
@
Various
40
Allow
$31.20
60
$46.80
80
$62.40
$0.00
60
$37.20
120
$74.40
$15.00
$15.00
$15.00
Pre-emergents
Trifluralin480g/L
Triasulfuron750g/kg
$7.60 /litre
@
$0.08 /gram
@
$5.00 /litre
@
Oxyfluorfen
$20.00 /litre
@
BoxerGold
$15.50 /litre
Glyphosate540(1)
Post-emergents
1
$7.60
1
$0.00
1.2
0.075
@
$7.60
1
$0.00
$7.60
$0.00
$6.00
1.2
$6.00
1.2
$6.00
$1.50
0.075
$1.50
0.075
$1.50
$0.00
2.5
$38.75
2.5
$38.75
2,4-DAmine(625g/l)
$5.00 /litre
@
1.2
$6.00
1.5
$7.50
1.5
$7.50
Metsulfuronmethyl(1)
$0.12 /gm
@
5
$1.05
5
$1.05
5
$1.05
Diuron
$11.70 /kg
@
$0.00
$0.00
$0.00
$13.50 /litre
@
0.2
$2.70
0.2
$2.70
$67.00 /litre
@
0.15
$10.05
0.15
$10.05
Fungicides
Tebuconazole
Prothioconazole
Operations
Fuel&Oil
$13.10
$15.72
$18.34
Repairs&Maintenance
$10.37
$12.44
$14.51
Freight
Grain(t)
$20.00 /tonne
@
1.5
$30.00
2.5
$50.00
3.5
$70.00
Fertiliser(t)
$20.00 /tonne
@
0.04
$0.80
0.12
$2.40
0.20
$4.00
Contract Work
Aerialspraying
$14.00 /ha
@
$0.00
1
$14.00
1
$14.00
Ureaspreading
$12.00 /ha
@
$0.00
1
$12.00
2
$24.00
@
$2.81
$4.68
$6.5
$148
$317
$417
$182
$233
$353
$99
0.67
$264
$127
1.44
$370
$119
1.90
$544
Insurance
$8.50 /$1000
Other
$0.00 /ha
$0.00 /ha
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
AGRONOMIC NOTES
(1)IncludesSurfactantat0.1%
Nitrogenrequirementswillvarydependingonindividualpaddocks- seek
Tocalculateusingdifferentgrades(AH1,ASW,Feed)substitute advice.
differentpricesusingappropriategradespreads.
Iftargetinghigherprotein(AH1)additionalNinputswillberequired.
14
Farm Gross Margin Guide 2012
APW WHEAT GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Cash Price $/t
$180
$200
$220
$240
Variable Costs
$260
0.5
-$31
-$21
-$11
-$2
$8
Yield
1
$46
$66
$85
$105
$125
t/ha
1.5
$123
$153
$182
$212
$241
140
2
$201
$240
$279
$318
$358
120
160
MEDIUM RAINFALL
100
$180
$200
$220
$240
$260
Yield
0.5
1.5
-$174
-$20
-$165
$9
-$155
$39
-$145
$68
-$135
$98
t/ha
2.5
$134
$183
$233
$282
$331
3.5
$289
$357
$426
$495
$564
$/ha
Cash Price $/t
80
60
40
20
HIGH RAINFALL
Cash Price $/t
0
$180
$200
$220
$240
$260
Yield
1.5
2.5
-$94
$61
-$64
$110
-$35
$159
-$5
$208
$24
$257
t/ha
3.5
$215
$284
$353
$421
$490
4.5
$369
$458
$546
$634
$723
Low
Medium
High
HISTORIC PRICES AND TRENDS
APW 10.5% WHEAT
HISTORIC PRICES
400
$/tonne
350
300
250
200
150
100
50
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
seed
1
spray
4
harvest#
1
TOTAL
Repairs & Maint
Fuel
$/ha
$/ha
3.25
1.63
5.152
1.74
5.49
6.21
10.37
13.10
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
15
Farm Gross Margin Guide 2012
DURUM GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
Quality
$270
MEDIUM
HIGH
$270.00
$270.00
2.1
3.2
$567
$864
ESTIMATE
Durum13%
Yield(t/ha)
1.2
$324
GROSS INCOME
VARIABLE COSTS
Cost
Rate/ha
Rate/ha
Low
Medium
Rate/ha
$/ha
High
$/ha
Seed
Seed
$0.28 /kg
@
90
$25.20
100
$28.00
120
$33.60
SeedTreatment
$0.05 /kg
@
90
$4.14
100
$4.60
120
$5.52
Levies
GRDCLevies
1.0% GrossIncome
$3.30 /tonnesold
EPR&statelevies
$3.24
$5.67
$8.64
$3.96
$6.93
$10.56
Fertiliser (Bulk)
DAP+2%Zn
Urea
Chemicals-Herbicides
SummerWeedControl
Glyphosate540
Oxyfluorfen
@
@
Various
Metsulfuronmethyl(1)
Allow
$33.60
60
$50.40
80
$67.20
$0.00
60
$37.20
120
$74.40
$15.00
@
$15.50 /litre
@
$5.00 /litre
@
$20.00 /litre
@
0.075
@
@
Post-emergents
MCPALVE
40
$7.60 /litre
Trifluralin480g/L
BoxerGold
$840 /tonne
$620 /tonne
1
1.2
$15.00
$15.00
$7.60
1
$7.60
1
$7.60
$0.00
2.5
$38.75
2.5
$38.75
$6.00
1.2
$6.00
1.2
$6.00
$1.50
0.075
$1.50
0.075
$1.50
0.5
$5.38
0.5
$5.38
0.5
$5.38
5
$1.05
5
$1.05
5
$1.05
$10.75 /litre
$0.12 /gram
Insecticides
Fungicides
Operations
Fuel&Oil
$13.10
$15.72
$18.34
Repairs&Maintenance
$10.37
$12.44
$14.51
Freight
Grain(t)
$20.00 /tonne
@
1.2
$24.00
2.1
$42.00
3.2
$64.00
Fertiliser(t)
$20.00 /tonne
@
0.04
$0.80
0.12
$2.40
0.20
$4.00
Aerialspraying
$14.00 /ha
@
$0.00
Ureaspreading
$12.00 /ha
@
$0.00
1
$12.00
2
$24.00
@
$2.75
$4.82
$7.34
$158
$297
$407
$166
$270
$457
$131
0.58
$284
$142
1.10
$475
$127
1.51
$770
Contract Work
Insurance
$8.50 /$1000
$0.00
$0.00
Other
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
(1)surfactantat0.1%
Assumesdurumfollowsalegumecroporpasture.
PriceassumesDurum13%isachieved.
16
AGRONOMIC NOTES
SomeDurumvarietieshaveanarrowsafetymarginwithbroadleaf
herbicides.Seekadvice.Theeffectisworsewhenthecropisunder
stress.
Farm Gross Margin Guide 2012
DURUM GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
Variable Costs
$210
$240
$270
$300
$330
0.4
-$51
-$39
-$27
-$15
-$3
Yield
1.2
$96
$131
$166
$202
$237
t/ha
2
$242
$301
$360
$419
$477
140
2.8
$388
$471
$553
$635
$718
120
160
MEDIUM RAINFALL
100
Net Price $/t
$210
-$55
$240
-$26
$270
$4
$300
$33
$330
$63
Yield
2.1
$146
$208
$270
$331
$393
60
t/ha
3
$310
$399
$487
$575
$664
40
4
$493
$611
$729
$847
$964
$/ha
1
80
20
HIGH RAINFALL
Net Price $/t
0
$210
$240
$270
$300
$330
-$134
$49
-$105
$108
-$75
$167
-$46
$225
-$16
$284
Yield
1
2
t/ha
3.2
$268
$362
$457
$551
$645
4
$414
$532
$650
$768
$886
Low
Medium
High
HISTORIC PRICES AND TRENDS
DURUM
HISTORIC PRICES
600
$/tonne
500
400
300
200
100
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
Repairs & Maint
Fuel
$/ha
$/ha
5.152
seed
1
3.25
spray
4
1.63
1.74
harvest#
1
5.49
10.37
6.21
13.10
TOTAL
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
17
Farm Gross Margin Guide 2012
MALTING BARLEY GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
Quality
MEDIUM
$230
HIGH
$230
ESTIMATE
$230
Malting
Yield(t/ha)
1.5
$345
GROSS INCOME
Rate/ha
VARIABLE COSTS
Cost
Low
2.5
3.5
$575
$805
Rate/ha
$/ha
Medium
Rate/ha
$/ha
High
$/ha
Seed
Seed
$0.22 /kg
@
60
$13.20
75
$16.50
80
$17.60
SeedTreatment
$0.05 /kg
@
60
$2.76
75
$3.45
80
$3.68
Levies
GRDCLevies
1.0% GrossIncome
$2.10 /tonnesold
EPR&statelevies
$3.45
$5.75
$8.05
$3.15
$5.25
$7.35
Fertiliser (Bulk)
18:20:0
Urea
Chemicals-Herbicides
SummerWeedControl
$780 /tonne
@
$620 /tonne
@
Various
40
Allow
$31.20
60
$46.80
80
$62.40
$0.00
50
$31.00
100
$62.00
$15.00
$15.00
$15.00
Pre-emergents
Trifluralin480g/L
$7.60 /litre
@
Glyphosate540
$5.00 /litre
@
Oxyfluorfen
$20.00 /litre
@
BoxerGold
$15.50 /litre
Post-emergents
1
1.2
0.075
@
$7.60
1.5
$11.40
1.5
$6.00
1.2
$6.00
1.2
$11.40
$6.00
$1.50
0.075
$1.50
0.075
$1.50
$0.00
2.5
$38.75
2.5
$38.75
2,4-DAmine
$5.00 /litre
@
1.2
$6.00
1.5
$7.50
1.5
$7.50
Metsulfuronmethyl(1)
$0.12 /gm
@
5
$1.05
5
$1.05
5
$1.05
$30.00 /kg
@
0.1
$3.00
0.1
$3.00
0.1
$3.00
$13.50 /litre
@
0.3
$4.05
Clopyralid(Lontel)
Fungicides
Propoconazole
0.3
$4.05
0.3
$4.05
0.3
$4.05
0.3
$4.05
Insecticides
Operations
Fuel&Oil
$13.10
$15.72
$18.34
Repairs&Maintenance
$10.37
$12.44
$14.51
Freight
Grain(t)
$20.00 /tonne
@
1.5
$30.00
2.5
$50.00
3.5
$70.00
Fertiliser(t)
$20.00 /tonne
@
0.04
$0.80
0.11
$2.20
0.18
$3.60
$0.00
0
Contract Work
0
Aerialspraying
$14.00 /ha
@
$0.00
1
$14.00
UreaSpreading
$12.00 /ha
@
$0.00
$0.00
1
$12.00
@
$2.93
$4.89
Insurance
$8.50 /$1000
$6.8
Other
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
Assumes barley follows wheat.
Achieving feed grade would result in lower Gross Margin
Having to windrow barley will reduce GM by around $25/ha
18
$155
$286
$393
$190
$289
$412
$103
0.67
$232
$115
1.24
$359
$112
1.71
$510
AGRONOMIC NOTES
Ureamaynotberequiredfollowingalegumepastureorgrainlegume
crop
Farm Gross Margin Guide 2012
MALTING BARLEY GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$170
$200
$230
$260
Variable Costs
$290
0.5
-$43
-$29
-$14
$1
$16
Yield
1
$29
$59
$88
$117
$147
t/ha
1.5
$102
$146
$190
$234
$278
2
$174
$233
$292
$351
$409
140
120
100
MEDIUM RAINFALL
$170
$200
$230
$260
$290
Yield
0.5
1.5
-$148
-$3
-$133
$41
-$119
$85
-$104
$129
-$89
$173
t/ha
2.5
$141
$215
$289
$362
$436
3.5
$286
$389
$492
$595
$698
$/ha
Net Price $/t
80
60
40
20
HIGH RAINFALL
Net Price $/t
0
$170
$200
$230
$260
$290
Yield
1.5
2.5
-$83
$61
-$39
$135
$5
$209
$49
$282
$93
$356
t/ha
3.5
$206
$309
$412
$515
$618
4.5
$351
$483
$616
$748
$881
Low
Medium
High
HISTORIC PRICES AND TRENDS
MALT BARLEY
HISTORIC PRICES
400
$/tonne
350
300
250
200
150
100
50
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
seed
1
spray
4
harvest#
1
TOTAL
Repairs & Maint
Fuel
$/ha
$/ha
3.25
1.63
5.152
1.74
5.49
6.21
10.37
13.10
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
19
Farm Gross Margin Guide 2012
FEED BARLEY GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
Quality
MEDIUM
$190
HIGH
$190
ESTIMATE
$190
Feed1
Yield(t/ha)
1.7
$323
GROSS INCOME
Rate/ha
VARIABLE COSTS
Cost
Low
2.8
4
$532
$760
Rate/ha
$/ha
Medium
Rate/ha
$/ha
High
$/ha
Seed
Seed
$0.20 /kg
@
60
$12.00
75
$15.00
80
$16.00
SeedTreatment
$0.05 /kg
@
60
$2.76
75
$3.45
80
$3.68
Levies
GRDCLevies
1.0% GrossIncome
$1.80 /tonnesold
EPR&statelevies
$3.23
$5.32
$7.60
$3.06
$5.04
$7.20
Fertiliser (Bulk)
18:20:0
Urea
Chemicals-Herbicides
SummerWeedControl
$780 /tonne
@
$620 /tonne
@
Various
40
Allow
$31.20
60
$46.80
80
$62.40
$0.00
100
$62.00
150
$93.00
$15.00
$15.00
$15.00
Pre-emergents
Trifluralin480g/L
$7.60 /litre
@
Glyphosate540
$5.00 /litre
@
Oxyfluorfen
$20.00 /litre
@
BoxerGold
$15.50 /litre
Post-emergents
1
1.2
0.075
@
$7.60
1.5
$11.40
1.5
$6.00
1.2
$6.00
1.2
$11.40
$6.00
$1.50
0.075
$1.50
0.075
$1.50
$0.00
2.5
$38.75
2.5
$38.75
2,4-DAmine
$5.00 /litre
@
1.2
$6.00
1.5
$7.50
1.5
$7.50
Metsulfuronmethyl(1)
$0.12 /gm
@
5
$1.05
5
$1.05
5
$1.05
Diuron
$11.70 /kg
@
$13.50 /litre
@
$0.00
$0.00
$0.00
Fungicides
Propoconazole
0.3
$4.05
0.3
$4.05
0.3
$4.05
0.3
$4.05
0.3
$4.05
Insecticides
Operations
Fuel&Oil
$13.10
$15.72
$18.34
Repairs&Maintenance
$10.37
$12.44
$14.51
Freight
Grain(t)
$20.00 /tonne
@
1.7
$34.00
2.8
$56.00
4.0
$80.00
Fertiliser(t)
$20.00 /tonne
@
0.04
$0.80
0.16
$3.20
0.23
$4.60
$0.00
0
Contract Work
0
Aerialspraying
$14.00 /ha
@
$0.00
1
$14.00
Ureaspreading
$12.00 /ha
@
$0.00
$0.00
1
$12.00
@
$2.75
$4.52
$6.5
$154
$319
$429
$169
$213
$331
$91
0.81
$189
$114
1.68
$247
$107
2.26
$379
Insurance
$8.50 /$1000
Other
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
Assumesbarleyfollowswheat
HavingtowindrowbarleywillreduceGMbyaround$25/ha
20
AGRONOMIC NOTES
Ureawouldnotberequiredfollowingalegumepastureorgrainlegume
crop
Farm Gross Margin Guide 2012
FEED BARLEY GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$110
$150
$190
$230
$270
Variable Costs
1
-$25
$14
$53
$93
$132
Yield
1.7
$35
$102
$169
$235
$302
t/ha
2.4
$95
$190
$284
$378
$472
160
3
$147
$265
$383
$500
$618
140
180
MEDIUM RAINFALL
120
$110
$150
$190
$230
$270
Yield
1.2
2
-$145
-$76
-$97
$3
-$50
$81
-$3
$160
$44
$239
t/ha
2.8
-$7
$103
$213
$323
$433
3.6
$62
$204
$345
$486
$628
$/ha
Net Price $/t
100
80
60
40
20
HIGH RAINFALL
Net Price $/t
0
$110
$150
$190
$230
$270
-$156
-$69
-$77
$48
$2
$166
$80
$284
$159
$402
Yield
2
3
t/ha
4
$17
$174
$331
$488
$645
5
$103
$299
$496
$692
$888
Low
Medium
High
HISTORIC PRICES AND TRENDS
FEED BARLEY
HISTORIC PRICES
350
$/tonne
300
250
200
150
100
50
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
Repairs & Maint
Fuel
$/ha
$/ha
1
3.25
5.15
spray
4
1.63
1.74
harvest#
1
5.49
6.21
10.37
13.10
seed
TOTAL
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
21
Farm Gross Margin Guide 2012
MILLING OATS GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
Quality
MEDIUM
$185
HIGH
$185
$185
Milling
Yield(t/ha)
1
$185
GROSS INCOME
Rate/ha
VARIABLE COSTS
Cost
Low
2.1
3.2
$389
$592
Rate/ha
$/ha
Medium
Rate/ha
$/ha
High
$/ha
Seed
Seed
$0.18 /kg
@
50
$9.00
65
$11.70
80
$14.40
SeedTreatment
$0.05 /kg
@
50
$2.30
65
$2.99
80
$3.68
Levies
GRDCLevies
1.0% GrossIncome
$2.00 /tonnesold
EPR&statelevies
$1.85
$3.89
$5.92
$2.00
$4.20
$6.40
Fertiliser (Bulk)
18:20:0
Urea
Chemicals-Herbicides
SummerWeedControl
$780 /tonne
@
$620 /tonne
@
Various
40
Allow
$31.20
60
$46.80
80
$62.40
$0.00
50
$31.00
100
$62.00
$15.00
$15.00
$15.00
Pre-emergents
$5.00 /litre
@
1.2
$6.00
1.2
$6.00
1.2
$6.00
Oxyfluorfen
$20 00 /litre
$20.00
@
0 075
0.075
$1 50
$1.50
0 075
0.075
$1 50
$1.50
0 075
0.075
$1 50
$1.50
DualGold
$17.50 /litre
@
0.5
$8.75
0.5
$8.75
Diuron
$11.70 /litre
@
0.4
$4.68
0.4
$4.68
0.4
$4.68
$9.25 /litre
@
0.5
$4.63
0.5
$4.63
0.5
$4.63
$13.50 /litre
@
0.145
$1.96
0.145
$1.96
0.145
$1.96
Glyphosate540
Post-MCPAAmine
Fungicides
Tebuconazole
Operations
Fuel&Oil
$13.10
$15.72
$18.34
Repairs&Maintenance
$10.37
$12.44
$14.51
Freight
Grain(t)
$20.00 /tonne
@
1.0
$20.00
2.1
$42.00
3.2
$64.00
Fertiliser(t)
$20.00 /tonne
@
0.04
$0.80
0.11
$2.20
0.18
$3.60
$8.50 /$1000
@
Contract Work
Aerialspraying
Windrowing
Insurance
$1.57
$3.30
$5.03
$126
$219
$303
$59
$170
$289
$126
0.68
$60
$104
1.18
$172
$95
1.64
$292
Other
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
Assumesoatsfollowsacereal.IffollowingalegumelessNwillbe
required.
22
AGRONOMIC NOTES
ESTIMATE
Farm Gross Margin Guide 2012
MILLING OATS GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$125
$155
$185
$215
Variable Costs
$250
0.5
-$50
-$35
-$21
-$6
$11
Yield
1
$0
$30
$59
$88
$123
t/ha
1.5
$51
$95
$139
$183
$235
2
$101
$160
$219
$278
$346
140
120
100
MEDIUM RAINFALL
Net Price $/t
$155
-$35
$185
-$6
$215
$24
$250
$58
Yield
2.1
$46
$108
$170
$232
$304
t/ha
3
$137
$225
$313
$402
$505
4
$237
$355
$473
$591
$728
80
$/ha
1
$125
-$65
60
40
20
HIGH RAINFALL
Net Price $/t
0
$125
$155
$185
$215
$250
Yield
1
2
-$121
-$20
-$91
$39
-$62
$98
-$32
$157
$2
$225
t/ha
3.2
$101
$195
$289
$383
$493
4
$181
$299
$417
$535
$672
Low
Medium
High
HISTORIC PRICES AND TRENDS
MILLING OATS
HISTORIC PRICES
$/tonne
300
250
200
150
100
50
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
Repairs & Maint
Fuel
$/ha
$/ha
seed
1
3.25
5.15
spray
4
harvest#
1
1.63
5.49
10.37
1.74
6.21
13.10
TOTAL
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
23
Farm Gross Margin Guide 2012
FEED OATS GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
Quality
MEDIUM
HIGH
$175
$175
$175
1.2
2.3
3.5
$210
$403
$613
Feed
Yield(t/ha)
GROSS INCOME
Rate/ha
VARIABLE COSTS
Cost
Low
Rate/ha
$/ha
Medium
Rate/ha
$/ha
High
$/ha
Seed
Seed
$0.17 /kg
@
50
$8.50
65
$11.05
80
$13.60
SeedTreatment
$0.05 /kg
@
50
$2.30
65
$2.99
80
$3.68
Levies
GRDCLevies
1.0% GrossIncome
$2.00 /tonnesold
EPR&statelevies
$2.10
$4.03
$6.13
$2.40
$4.60
$7.00
Fertiliser (Bulk)
18:20:0
Urea
Chemicals-Herbicides
SummerWeedControl
$780 /tonne
@
$620 /tonne
@
Various
40
Allow
$31.20
60
$46.80
80
$62.40
$0.00
50
$31.00
100
$62.00
$15.00
$15.00
$15.00
Pre-emergents
$5.00 /litre
@
1.2
$6.00
1.2
$6.00
1.2
$6.00
Oxyfluorfen
$20 00 /litre
$20.00
@
0 075
0.075
$1 50
$1.50
0 075
0.075
$1 50
$1.50
0 075
0.075
$1 50
$1.50
DualGold
$17.50 /litre
@
0.5
$8.75
0.5
$8.75
Diuron
$11.70 /litre
@
0.4
$4.68
0.4
$4.68
0.4
$4.68
$9.25 /litre
@
0.5
$4.63
0.5
$4.63
0.5
$4.63
$13.50 /litre
@
0.145
$1.96
0.145
$1.96
0.145
$1.96
Glyphosate540
Post-MCPAAmine
Fungicides
Tebuconazole
Operations
Fuel&Oil
$13.10
$15.72
$18.34
Repairs&Maintenance
$10.37
$12.44
$14.51
Freight
Grain(t)
$20.00 /tonne
@
1.2
$24.00
2.3
$46.00
3.5
$70.00
Fertiliser(t)
$20.00 /tonne
@
0.04
$0.80
0.11
$2.20
0.18
$3.60
$8.50 /$1000
@
Contract Work
Aerialspraying
Windrowing
Insurance
$1.79
$3.42
$5.21
$130
$223
$309
$80
$180
$304
$109
0.74
$74
$97
1.27
$168
$88
1.77
$286
Other
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
Assumesoatsfollowsacereal.IffollowingalegumelessNwillbe
required.
24
AGRONOMIC NOTES
ESTIMATE
Farm Gross Margin Guide 2012
FEED OATS GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$125
$150
$175
$200
Variable Costs
$225
0.6
-$40
-$25
-$10
$5
$19
Yield
1.2
$21
$50
$80
$109
$139
t/ha
1.8
$81
$125
$170
$214
$258
2.4
$142
$201
$259
$318
$377
140
120
100
MEDIUM RAINFALL
Net Price $/t
$150
$175
$200
$225
Yield
1.2
1.8
-$44
$17
-$14
$61
$15
$105
$44
$149
$74
$193
t/ha
2.3
$67
$123
$180
$236
$293
3.5
$188
$274
$359
$445
$531
80
$/ha
$125
60
40
20
HIGH RAINFALL
Net Price $/t
0
$125
$150
$175
$200
$225
Yield
1.5
2.5
-$70
$31
-$33
$92
$4
$154
$41
$215
$78
$276
t/ha
3.5
$132
$218
$304
$389
$475
4.5
$232
$343
$453
$564
$674
Low
Medium
High
HISTORIC PRICES AND TRENDS
FEED OATS
HISTORIC PRICES
$/tonne
300
250
200
150
100
50
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
Repairs & Maint
Fuel
$/ha
$/ha
seed
1
3.25
5.15
spray
4
harvest#
1
1.63
5.49
10.37
1.74
6.21
13.10
TOTAL
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
25
Farm Gross Margin Guide 2012
TRITICALE GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
MEDIUM
$180
HIGH
$180
ESTIMATE
$180
Quality
Yield(t/ha)
GROSS INCOME
1.2
2.1
3
$216
$378
$540
Rate/ha
VARIABLE COSTS
Cost
Low
Rate/ha
$/ha
Medium
Rate/ha
$/ha
High
$/ha
Seed
Seed
$0.17 /kg
@
60
$10.20
80
$13.60
85
$14.45
SeedTreatment
$0.05 /kg
@
60
$2.76
80
$3.68
85
$3.91
Levies
GRDCLevies
EPR&statelevies
1.0% GrossIncome
$1.70 /tonnesold
$2.16
$3.78
$5.40
$2.04
$3.57
$5.10
Fertiliser (Bulk)
18:20:0
Urea
Chemicals-Herbicides
$780 /tonne
@
$620 /tonne
@
SummerWeedControl
Various
40
Allow
$31.20
60
$46.80
80
$62.40
$0.00
50
$31.00
100
$62.00
$15.00
$15.00
$15.00
Pre-emergents
Trifluralin480g/L
$7.60 /litre
@
1
$7.60
1
$7.60
1
Glyphosate540
$5.00 /litre
@
1.2
$6.00
1.2
$6.00
1.2
$6.00
$20.00 /litre
@
$1.50
0.075
$1.50
0.075
$1.50
$10.75 /litre
@
0
0.5
$5.38
0.5
$9.25 /litre
@
0.5
Oxyfluorfen
0.075
$7.60
Post-emergents
MCPALVE
MCPAamine
Metsulfuronmethyl(1)
Achieve®(2)
$0.12
@
$65.00
@
5
$4.63
$0.00
$5.38
$0.00
$1.05
5
$1.05
5
$1.05
$0.00
0.3
$23.58
0.3
$23.58
Insecticides
Fungicides
Operations
Fuel&Oil
$13.10
$15.72
$18.34
Repairs&Maintenance
$10.37
$12.44
$14.51
Freight
Grain(t)
$25.00 /tonne
@
1.2
$30.00
2.1
$52.50
3.0
$75.00
Fertiliser(t)
$20.00 /tonne
@
0.04
$0.80
0.11
$2.20
0.18
$3.60
$8.50 /$1000
@
Contract Work
Aerialspraying
Ureaspreading
Insurance
$1.84
$3.21
$4.59
$140
$249
$329
$76
$129
$211
$117
0.78
$112
$118
1.38
$192
$110
1.83
$301
Other
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
Thisrateoffertiliserassumestriticalefollowsacereal
(1)Surfactantat0.1%(2)Surfactantat0.75%
26
AGRONOMIC NOTES
Farm Gross Margin Guide 2012
TRITICALE GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$100
$140
$180
$220
Variable Costs
$260
0.6
-$61
-$38
-$14
$9
$33
Yield
1.2
-$18
$29
$76
$123
$170
t/ha
1.8
$24
$95
$166
$236
$307
2.4
$67
$162
$256
$350
$444
140
120
100
MEDIUM RAINFALL
1
$100
-$114
$140
-$75
$180
-$36
$220
$4
$260
$43
Yield
2.1
-$35
$47
$129
$212
$294
t/ha
3
$29
$147
$264
$382
$500
4
$100
$257
$414
$571
$728
$/ha
Net Price $/t
80
60
40
20
HIGH RAINFALL
Net Price $/t
0
$100
$140
$180
$220
$260
-$129
-$18
-$89
$61
-$50
$139
-$11
$218
Yield
1
2
-$168
-$96
t/ha
3
-$25
$93
$211
$328
$446
4
$46
$204
$361
$518
$675
Low
Medium
High
HISTORIC PRICES AND TRENDS
TRITICALE
HISTORIC PRICES
350
$/tonne
300
250
200
150
100
50
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
Repairs & Maint
Fuel
$/ha
$/ha
seed
1
3.25
5.15
spray
4
1.63
1.74
harvest#
1
TOTAL
5.49
6.21
10.37
13.10
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
27
Farm Gross Margin Guide 2012
VETCH GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
Quality
MEDIUM
$280
HIGH
$280
ESTIMATE
$280
Moravavetch
Yield(t/ha)
GROSS INCOME
0.7
1.2
1.6
$196
$336
$448
Rate/ha
VARIABLE COSTS
Cost
Low
Rate/ha
$/ha
Medium
Rate/ha
$/ha
High
Seed
Seed
$0.28 /kg
@
25
$7.00
35
$9.80
35
$9.80
SeedInoculant
$0.02 /kg
@
25
$0.45
35
$0.63
35
$0.63
Levies
GRDCLevies
1.0% GrossIncome
$3.30 /tonnesold
EPR&statelevies
$1.96
$3.36
$4.48
$2.31
$3.96
$5.28
Fertiliser (Bulk)
MAP
$780 /tonne
@
40
$31.20
60
$46.80
80
$62.40
FoliarTraceElem
Chemicals-Herbicides
SummerWeedControl
Various
Allow
$15.00
$15.00
$15.00
Pre-emergents
Lexone
$0.05 /gm
@
300
$15.00
300
$15.00
300
$15.00
Trifluralin480g/L
$7.60 /litre
@
1
$7.60
1.5
$11.40
1.5
$11.40
Glyphosate540
$5.00 /litre
@
1.2
$6.00
1.2
$6.00
1.2
$6.00
$14.65 /litre
@
0.4
$8.37
0.5
$9.84
0.5
$9.84
0.8
$5.36
0.8
$5.36
0.8
$5.36
0.4
$4.00
$4.00
Post-emergents
Select(inclOil)
$6.70 /litre
Paraquat(Topping)
Insecticides
Dimethoate(1)
$10.00 /litre
@
omethoate(2)
$29.00 /litre
@
$165.00 /litre
@
KarateZeon®(3)
0.024
$3.96
0.4
$4.00
0.4
0.05
$1.45
0.05
$1.45
0.024
$3.96
0.024
$3.96
Operations
Fuel&Oil
$17.76
$21.31
$24.86
Repairs&Maintenance
$18.57
$22.28
$25.99
Freight
Grain(t)
$25.00 /tonne
@
0.7
$17.50
1.2
$30.00
1.6
$40.00
Fertiliser(t)
$20.00 /tonne
@
0.04
$0.80
0.06
$1.20
0.08
$1.60
$12.00 /$1000
@
Contract Work
Aerialspraying
Insurance
$2.35
$4.03
$5.38
Other
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
Seedisnottreatedwithafungicideorgraded.(1)Cowpeaaphid
(2)RLEM(3)Nativebudworm
28
$165
$215
$252
$31
$121
$196
$236
0.59
$147
$179
0.77
$320
$158
0.90
$461
AGRONOMIC NOTES
Lexone(Metribuzin)notrecommendedonsomevarieties.Seekadvice
(alsoappliestousingDiurononvetch)
Harvestdifficultiesarecommonwiththiscrop
Farm Gross Margin Guide 2012
VETCH GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$180
$230
$280
$330
$380
0.3
-$97
-$82
-$67
-$53
-$38
Yield
0.7
-$38
-$3
$31
$65
$99
t/ha
1.1
$21
$75
$129
$183
$237
1.5
$81
$154
$227
$301
$374
Variable Costs
70
60
50
MEDIUM RAINFALL
Net Price $/t
$230
$280
$330
$380
Yield
0.4
0.8
-$115
-$56
-$95
-$17
-$76
$22
-$56
$62
-$37
$101
t/ha
1.2
$3
$62
$121
$179
$238
1.8
$92
$180
$268
$356
$444
40
$/ha
$180
30
20
10
HIGH RAINFALL
Net Price $/t
0
$180
$230
$280
$330
$380
-$79
-$20
-$40
$39
-$1
$97
$38
$156
$77
$215
Yield
0.8
1.2
t/ha
1.6
$39
$117
$196
$274
$352
2.5
$172
$294
$417
$539
$661
Low
Medium
High
HISTORIC PRICES AND TRENDS
VETCH
HISTORIC PRICES
800
$/tonne
700
600
500
400
300
200
100
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
Repairs & Maint
Fuel
$/ha
$/ha
5.15
2.17
1.74
seed
1
spray
5
roll
1
3.25
2.03
1.76
harvest#
1
11.52
8.69
18.57
17.76
TOTAL
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
29
Farm Gross Margin Guide 2012
LUPINS GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
MEDIUM
HIGH
ESTIMATE
$190
$190
$190
0.9
1.5
2
$285
$380
Quality
Yield(t/ha)
$171
GROSS INCOME
VARIABLE COSTS
Cost
Rate/ha
Rate/ha
Low
Medium
Rate/ha
$/ha
High
$/ha
Seed
Seed
$0.16 /kg
@
90
$13.95
90
$13.95
90
$13.95
SeedInoculant
$0.02 /kg
@
90
$1.62
90
$1.62
90
$1.62
Rovalseedtreat
Levies
GRDCLevies
1.0% GrossIncome
$2.60 /tonnesold
EPR&statelevies
$1.71
$2.85
$3.80
$2.34
$3.90
$5.20
Fertiliser (Bulk)
MAP
$780 /tonne
@
40
31.2
60
$46.80
80
$62.40
FoliarTraceElem
Chemicals-Herbicides
SummerWeedControl
Various
Allow
$15.00
$15.00
$15.00
Pre-emergents
Trifluralin480g/L
$7.60 /litre
@
Glyphosate540
$5.00 /litre
@
1
SimazineGranules
$7.60 /kg
@
1.4
0.8
$5.36
0.8
$5.36
0.8
$5.36
@
0.4
$8.37
0.5
$9.84
0.5
$9.84
1.2
$7.60
1.5
$11.40
1.5
$6.00
1.2
$6.00
1.2
$11.40
$6.00
$10.64
1.4
$10.64
1.4
$10.64
Post-emergents
$6.70 /litre
Paraquat(Topping)
$14.65 /litre
Select(inclOil)
Insecticides
$44.00 /litre
@
0.04
$1.76
0.04
$1.76
0.04
$1.76
$165.00 /litre
@
0.024
$3.96
0.024
$3.96
0.024
$3.96
Talstar(1)
KarateZeon®(2)
Operations
Fuel&Oil
$15.01
$18.01
$21.01
Repairs&Maintenance
$13.69
$16.43
$19.17
Freight
Grain(t)
$25.00 /tonne
@
0.9
$22.50
1.5
$37.50
2.0
$50.00
Fertiliser(t)
$20.00 /tonne
@
0.04
$0.80
0.06
$1.20
0.08
$1.60
Aerialspraying
$14.00 /ha
@
$0
$0.00
$0.00
Insurance
$10.00 /$1000
@
$1.71
$2.85
$3.80
$163
$209
$247
$8
$76
$133
$181
0.86
$82
$139
1.10
$200
$123
1.30
$299
Contract Work
Other
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
Seedisnottreatedwithafungicideorgraded.
(1)RLEM(2)Nativebudworm
30
AGRONOMIC NOTES
Farm Gross Margin Guide 2012
LUPINS GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$150
$190
$230
$270
$300
0.5
-$75
-$56
-$36
-$16
-$2
Yield
0.9
-$28
$8
$43
$78
$105
t/ha
1.5
$44
$103
$162
$221
$265
2
$104
$182
$261
$339
$398
Variable Costs
70
60
50
MEDIUM RAINFALL
Net Price $/t
$190
$230
$270
$300
-$83
-$3
-$63
$36
-$43
$75
-$29
$104
Yield
0.5
1
-$102
-$43
t/ha
1.5
$17
$76
$135
$194
$238
2
$77
$155
$234
$312
$371
40
$/ha
$150
30
20
10
HIGH RAINFALL
Net Price $/t
1
1.5
Yield
0
$150
$190
$230
$270
$300
-$64
-$5
-$25
$54
$14
$113
$53
$172
$83
$216
2
$55
$133
$212
$290
$349
2.5
$115
$213
$311
$409
$482
t/ha
Low
Medium
High
HISTORIC PRICES AND TRENDS
LUPINS
HISTORIC PRICES
400
350
$/tonne
300
250
200
150
100
50
0
-50
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-100
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
Repairs & Maint
Fuel
$/ha
$/ha
seed
1
3.25
5.15
spray
6
2.44
2.61
harvest#
1
8.00
7.25
13.69
15.01
TOTAL
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
31
Farm Gross Margin Guide 2012
RED LENTILS GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
Quality
MEDIUM
450
HIGH
$450
ESTIMATE
$450
Nugget
Yield(t/ha)
0.7
$315
GROSS INCOME
Rate/ha
VARIABLE COSTS
Cost
Low
1.2
1.8
$540
$810
Rate/ha
$/ha
Medium
Rate/ha
$/ha
High
$/ha
Seed
Seed
$0.41 /kg
@
50
$20.50
50
$20.50
50
$20.50
SeedInoculant
$0.02 /kg
@
50
$0.90
50
$0.90
50
$0.90
50
$4.10
50
$4.10
P-Pickel
$82.00 /tonne
Levies
GRDCLevies
1.0% GrossIncome
$5.30 /tonnesold
EPR&statelevies
$3.15
$5.40
$8.10
$3.71
$6.36
$9.54
Fertiliser (Bulk)
MAP
$780 /tonne
@
40
$31.20
50
$39.00
60
$46.80
Chemicals-Herbicides
SummerWeedControl
Various
Allow
$15.00
$15.00
$15.00
Pre-emergents
Glyphosate540
$5.00 /litre
@
1.2
trifluralin480g/L
$7.60 /litre
@
1
$6.00
$7.60
Terbyne
$21.00 /kg
@
1
$21.00
1
$21.00
1
$21.00
$0.00
25
$18.00
25
$18.00
$0.72 /gram
Broadstrike®
@
1.2
$6.00
1.2
$6.00
1.5
$11.40
1.5
$11.40
$6 70 /litre
$6.70
@
08
0.8
$5 36
$5.36
08
0.8
$5 36
$5.36
08
0.8
$5 36
$5.36
$14.65 /litre
@
0.4
$8.37
0.5
$9.84
0.5
$9.84
$165.00 /litre
@
0.024
$3.96
0.024
$3.96
0.024
$3.96
$29.00 /litre
@
0.05
$1.45
0.05
$1.45
0.05
$1.45
$0.00
2.2
$22.00
0.5
$11.00
1
$22.00
1
$22.00
Paraquat 250
Select(inclOil)
Insecticides
KarateZeon®(1)
omethoate(2)
Fungicides
Mancozeb(3)
$10.00 kg
@
Carbendazim(4)
$22.00 /kg
@
$0.00
Operations
Fuel&Oil
$18.63
$22.35
$26.08
Repairs&Maintenance
$19.38
$23.26
$27.13
Freight
Grain(t)
$30.00 /tonne
@
0.7
$21.00
1.2
$36.00
1.8
$54.00
Fertiliser(t)
$20.00 /tonne
@
0.04
$0.80
0.05
$1.00
0.06
$1.20
$12.00 /$1000
@
Contract Work
Aerialspraying
Windrowing
Insurance
$3.78
$6.48
$9.72
Other
TOTAL VARIABLE COSTS
$203
$279
$344
GROSS MARGIN/hectare
$112
$290
0.45
$325
$261
$466
$233
0.62
$625
$191
0.76
$1,013
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENT
AGRONOMIC NOTES
(1)Nativebudwormcontrol(2)RLEM(3)Ascochyta(4)Greymould InoculatewithGroupEinoculant.NorthfieldandNippermoresensitive
toLexonethanothervarieties
Checknewlyreleasedvarietiesforsuitabilitytoyourarea
32
Farm Gross Margin Guide 2012
RED LENTILS GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$350
$600
$450
$500
Variable Costs
$550
0.3
-$79
-$6
-$50
-$35
-$20
Yield
0.7
$44
$215
$112
$146
$181
t/ha
1.1
$167
$435
$274
$328
$382
1.5
$289
$656
$436
$509
$583
140
120
100
MEDIUM RAINFALL
0.6
$350
-$41
$600
$106
$450
$18
$500
$47
$550
$76
Yield
1.2
$143
$437
$261
$319
$378
t/ha
1.8
$327
$768
$504
$592
$680
2.4
$512
$1,098
$746
$864
$981
$/ha
Net Price $/t
80
60
40
HIGH RAINFALL
20
Net Price $/t
$350
$600
$450
$500
$550
Yield
0.8
1.3
-$17
$136
$178
$454
$61
$264
$100
$327
$139
$391
t/ha
1.8
$290
$730
$466
$554
$642
2.5
$505
$1,116
$749
$872
$994
0
Low
Medium
High
HISTORIC PRICES AND TRENDS
RED LENTILS
HISTORIC PRICES
1200
$/tonne
1000
800
600
400
200
0
2001
2002
2003
2004
2005
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
No.
Fuel
Repairs & Maint
Operation
seed
1
spray
7
roll
1
harvest#
1
TOTAL
$/ha
$/ha
3.25
2.85
1.76
11.52
5.15
3.04
1.74
8.69
19.38
18.63
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
33
Farm Gross Margin Guide 2012
FIELD PEAS GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
Quality
MEDIUM
$270
HIGH
$270
$270
1.5
2.5
$405
$675
ESTIMATE
Kaspa
Yield(t/ha)
1
$270
GROSS INCOME
Rate/ha
VARIABLE COSTS
Cost
Low
Rate/ha
$/ha
Medium
Rate/ha
$/ha
High
$/ha
Seed
@
90
$27.00
100
$30.00
110
$33.00
SeedGrading
Seed
$25.40 /tonne
$0.30 /kg
@
90
$2.29
100
$2.54
110
$2.79
P-Pickel
$82.00 /tonne
@
$0.00
100
$8.20
110
$9.02
Inoculant
$18.00 /tonne
@
$0.00
$0.00
110
$1.98
$2.70
$4.05
$6.75
$2.30
$3.45
$5.75
Levies
GRDCLevies
1.0% GrossIncome
$2.30 /tonnesold
EPR&statelevies
Fertiliser (Bulk)
MAP
$780 /tonne
@
40
$31.20
60
$46.80
80
$62.40
Chemicals-Herbicides
SummerWeedControl
Various
Allow
$15.00
$15.00
$15.00
Pre-emergents
Trifluralin480g/L
$7.60 /litre
@
1
$7.60
1.5
$11.40
1.5
$11.40
Glyphosate540
$5.00 /litre
@
1.2
$6.00
1.2
$6.00
1.2
$6.00
Post-emergents
Post
emergents
Terbyne
$21.00 /kg
@
1
$21.00
1
$21.00
1
$21.00
Select(inclOil)
$14.65 /litre
@
0.4
$8.37
0.5
$9.84
0.5
$9.84
$7.60 /litre
@
0.8
$6.08
0.8
$6.08
0.8
$6.08
KarateZeon®(1)
$165.00 /litre
@
0.024
$3.96
0.024
$3.96
0.024
$3.96
KarateZeon®(2)
$165.00 /litre
@
$0.00
0.024
$1.32
0.024
$1.32
$29.00 /litre
@
$1.45
0.05
$1.45
0.05
$1.45
$13.50 /litre
@
$0.00
0.145
$1.96
0.145
$1.96
Paraquat250g/L
Insecticides
Omethoate(3)
0.05
Fungicides
Tebuconazole(4)
Operations
Fuel&Oil
$18.63
$22.35
$26.08
Repairs&Maintenance
$19.38
$23.26
$27.13
Freight
Grain(t)
$25.00 /tonne
@
1.0
$25.00
1.5
$37.50
2.5
$62.50
Fertiliser(t)
$20.00 /tonne
@
0.04
$0.80
0.06
$1.20
0.08
$1.60
Contract Work
Insurance
Other
/ha
@
$0.00
$0.00
/ha
@
$0.00
$0.00
$0.00
@
$4.32
$6.48
$10.80
$16.00 /$1000
$0.00 /ha
$0.00
$0.00 /ha
$0.00
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
$0.00
$203
$264
$328
$67
$141
$347
$203
0.75
$119
$176
0.98
$219
$131
1.21
$477
AGRONOMIC NOTES
(1)Nativebudwormcontrol(2)Peaweavilborderspray(3)RLEM Recentlyreleased"Kaspa"typevarietiesaremoresuitedtolower
(4) Powdery Mildew
Mildew.
rainfall situations
34
Farm Gross Margin Guide 2012
FIELD PEA GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$240
$270
$300
Variable Costs
$330
0.75
-$36
-$14
$8
$30
$52
Yield
1
$8
$38
$67
$96
$125
t/ha
1.25
$53
$89
$126
$162
$199
1.5
$97
$141
$185
$229
$272
90
80
70
MEDIUM RAINFALL
Net Price $/t
1
$210
-$35
$240
-$6
$270
$23
$300
$53
$330
$82
Yield
1.5
$54
$97
$141
$185
$229
t/ha
2
$142
$201
$259
$317
$376
2.5
$231
$304
$377
$450
$523
HIGH RAINFALL
Net Price $/t
60
$/ha
$210
50
40
30
20
10
$210
$240
$270
$300
$330
$24
$112
$68
$171
$112
$229
$155
$288
$199
$346
Yield
1.5
2
t/ha
2.5
$201
$274
$347
$420
$493
3
$290
$377
$465
$553
$640
0
Low
Medium
High
HISTORIC PRICES AND TRENDS
FIELD PEAS
HISTORIC PRICES
$/tonne
500
400
300
200
100
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-100
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
seed
1
spray
7
roll
1
harvest#
1
TOTAL
Repairs & Maint
Fuel
$/ha
$/ha
3.25
2.85
1.76
11.52
19.38
5.15
3.04
1.74
8.69
18.63
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
35
Farm Gross Margin Guide 2012
FABA BEAN GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
Quality
MEDIUM
$300
HIGH
$300
ESTIMATE
$300
Fiesta
Yield(t/ha)
0.8
1.6
$240
GROSS INCOME
Rate/ha
Low
VARIABLE COSTS
Cost
Seed
Seed
Rate/ha
$/ha Medium
$37.00
140
$/ha
$51.80
$840
Rate/ha
High
160
$/ha
$0.37 /kg
@
$0.00 /kg
@
$0.00
$0.00
$0.00
GRDCLevies
1.0% GrossIncome
$0.30 /tonnesold
EPR&statelevies
Fertiliser (Bulk)
MAP
$780 /tonne
@
Chemicals-Herbicides
SummerWeedControl
Various Allow
$2.40
$0.24
$4.80
$0.48
$8.40
$0.84
SeedInoculant
100
2.8
$480
$59.20
Levies
40
$31.20
60
$15.00
$46.80
80
$15.00
$62.40
$15.00
Pre-emergents
$5.00 /litre
$7.60 /litre
$7.60 /kg
@
@
@
1.2
1
1.4
$6.00
$7.60
$10.64
1.2
1.5
1.4
$6.00
$11.40
$10.64
$14.65 /litre
@
0.4
$8.37
0.5
$9.84
$29.00 /litre
$165.00 /litre
$10.00 /litre
@
@
@
0.1
0.024
0.5
$2.90
$3.96
$5.00
0.1
0.024
0.5
$2.90
$3.96
$5.00
0.1
0.024
0.5
$2.90
$3.96
$5.00
@
@
@
@
1.7
0
$0.00
$17.00
$0.00
0.3
0
5.1
0.5
$4.05
$0.00
$51.00
$11.00
0.3
0
5.1
1
$4.05
$0.00
$51.00
$22.00
Glyphosate540
Trifluralin480g/L
Simazine900g/kg
Post-emergents
Select(inclOil)
1.2
1.5
1.4
$6.00
$11.40
$10.64
0.5
$9.84
Insecticides
omethoate(1)
KarateZeon®(2)
Dimethoate(3)
Fungicides
$13.50
$10.00
$10.00
$22.00
Tebuconazole(4)
Mancozeb-lowr/f
Mancozeb-Med/high
Carbendazim2applic
/kg
/kg
/kg
/kg
Operations
Fuel&Oil
Repairs&Maintenance
$15.44
$14.10
Freight
Grain(t)
Fertiliser(t)
$25.00 /tonne
$20.00 /tonne
@
@
Contract Work
Aerialspraying
$14.00 /ha
$12.00 /$1000
Insurance
0.8
0.04
$21.62
$19.74
$20.00
$0.80
1.6
0.06
$40.00
$1.20
2.8
0.08
$70.00
$1.60
@
$0.00
2
$28.00
2
$28.00
@
$2.88
$5.76
$10.08
TOTAL VARIABLE COSTS
$201
$345
$424
GROSS MARGIN/hectare
$39
$135
$416
Break Even Price (to cover variable costs only)
$251
0.67
$102
$216
1.15
$260
$151
1.41
$635
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
(1)RLEMcontrol(2)NativeBudwormcontrol(3)Cowpeaaphid
(4)CercosporaMancozebforAscochytaCarbendazimfor
chocalatespot
36
$18.53
$16.92
AGRONOMIC NOTES
Seedisnottreatedwithafungicidebutisinoculatedwithastrain
SU303inoculant.
Noallowanceismadeinthisgrossmarginastotheeconomic
benefitofbeanstubbletolivestock.
Farm Gross Margin Guide 2012
FABA BEAN GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$200
$250
$300
$350
Variable Costs
$400
0.4
-$107
-$87
-$68
-$48
-$29
Yield
0.8
-$39
$0
$39
$79
$118
t/ha
1.5
$80
$154
$227
$300
$374
2
$166
$263
$361
$459
$557
140
120
100
MEDIUM RAINFALL
1
$200
-$124
$250
-$75
$300
-$26
$350
$23
$400
$72
Yield
1.6
-$22
$57
$135
$213
$291
t/ha
2
$47
$144
$242
$340
$438
2.5
$132
$254
$376
$498
$621
$/ha
Net Price $/t
80
60
40
20
HIGH RAINFALL
Net Price $/t
0
$200
$250
$300
$350
$400
-$164
$6
-$115
$104
-$66
$202
-$17
$300
$32
$397
Yield
1
2
t/ha
2.8
$142
$279
$416
$553
$690
4
$347
$542
$738
$934
$1,129
Low
Medium
High
HISTORIC PRICES AND TRENDS
FABA BEANS
HISTORIC PRICES
700
$/tonne
600
500
400
300
200
100
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
-100
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
seed
1
spray
7
harvest#
1
TOTAL
Repairs & Maint
Fuel
$/ha
$/ha
3.25
2.85
8.00
14.10
5.15
3.04
7.25
15.44
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
37
Farm Gross Margin Guide 2012
CHICKPEAS (6-8mm Kabuli) GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(12/13Forecast)
Quality
MEDIUM
$480
HIGH
$480
ESTIMATE
$480
6-8mmKabuli
Yield(t/ha)
0.7
$336
GROSS INCOME
Rate/ha
VARIABLE COSTS
Cost
$/ha
Medium
Rate/ha
High
$/ha
$45.00
100
$50.00
110
$55.00
$18.00 /tonne
@
90
$1.62
100
$1.80
110
$1.98
$82.00 /tonne
@
90
$7.38
100
$8.20
110
$9.02
$0.50 /kg
P-Pickel
Rate/ha
90
Seed
SeedInoculant
2
$960
@
Seed
Low
1.3
$624
$/ha
Levies
GRDCLevies
1.0% GrossIncome
$5.30 /tonnesold
EPR&statelevies
$3.36
$6.24
$9.60
$3.71
$6.89
$10.60
Fertiliser (Bulk)
MAP
Chemicals-Herbicides
$780 /tonne
SummerWeedControl
Various
@
40
Allow
$31.20
60
$15.00
$46.80
80
$62.40
$15.00
$15.00
Pre-emergents
trifluralin480g/L
$7.60 /litre
@
1
$7.60
1.5
$11.40
1.5
Glyphosate540
$5.00 /litre
@
1.2
$6.00
1.2
$6.00
1.2
$6.00
Balance®
$0.38 /gram
@
100
$38.00
100
$38.00
100
$38.00
$14 65 /litre
$14.65
@
04
0.4
$8 37
$8.37
05
0.5
$9 84
$9.84
$11.40
Post-emergents
Select (incl Oil)
05
0.5
$9 84
$9.84
Insecticides
$29.00 /litre
@
0.05
$1.45
0.05
$1.45
0.05
$1.45
$165.00 /litre
@
0.024
$3.96
0.024
$3.96
0.024
$3.96
$21.00 /litre
@
1
$21.00
1.5
$31.50
2
$42.00
$6.00 /litre
@
1
$6.00
1
$6.00
1
$6.00
Omethoate
KarateZeon®
Fungicides
Chlorothalonil
Dessication
Paraquat250g/L
Operations
Fuel&Oil
$15.01
$18.01
$21.01
Repairs&Maintenance
$13.69
$16.43
$19.17
Freight
Grain(t)
$25.00 /tonne
@
0.7
Fertiliser(t)
$20.00 /tonne
@
0.04
$17.50
$0.80
1.3
$32.50
2.0
$50.00
0.06
$1.20
0.08
$1.60
$0.00
1
$14.00
$0.00
0
Contract Work
Aerialspraying
$14.00 /ha
@
Windrowing
$35.00 /ha
@
Insurance
$10.00 /$1000
@
Other
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
Seed is inoculated with a Group N
N inoculant
38
0
$6.24
$0.00
$9.60
$0.00 /ha
$0.00 /ha
COMMENTS
$0.00
$0.00
$3.36
$250
$86
$357
0.52
$156
AGRONOMIC NOTES
$317
$398
$307
$562
$244
0.66
$437
$199
0.83
$762
Price is heavily dependant on grade and quality
quality. Seek advice
advice.
Farm Gross Margin Guide 2012
CHICKPEAS GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$400
$440
$480
$520
Variable Costs
$560
0.4
-$77
-$62
-$46
-$30
-$15
Yield
0.7
$31
$59
$86
$113
$141
t/ha
1.2
$212
$259
$306
$353
$400
1.8
$429
$500
$570
$641
$711
140
120
100
MEDIUM RAINFALL
Net Price $/t
$400
-$85
$440
-$65
$480
-$46
$520
-$26
$560
-$6
Yield
1.3
$205
$256
$307
$358
$408
t/ha
1.8
$385
$456
$527
$597
$668
2.3
$566
$656
$747
$837
$927
80
$/ha
0.5
60
40
20
HIGH RAINFALL
Net Price $/t
$400
$440
$480
$520
$560
Yield
1
1.5
$44
$225
$83
$284
$122
$342
$161
$401
$201
$460
t/ha
2
$406
$484
$562
$641
$719
3
$767
$885
$1,002
$1,120
$1,238
0
Low
Medium
High
HISTORIC PRICES AND TRENDS
HISTORIC PRICES AND TRENDS
CHICKPEA
HISTORIC PRICES
900
$/tonne
800
700
600
500
400
300
200
100
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
seed
1
spray
6
harvest#
1
TOTAL
Repairs & Maint
Fuel
$/ha
$/ha
3.25
2.44
8.00
13.69
5.15
2.61
7.25
15.01
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
39
Farm Gross Margin Guide 2012
CANOLA GROSS MARGIN Triazine Tolerant
INCOME
Rainfall Zone
LOW
$470
Price(12/13Forecast)
Quality
Yield(t/ha)
GROSS INCOME
Rate/ha
Low
VARIABLE COSTS
Cost
Seed
Seed
$10.00 /kg
Levies
GRDCLevies
EPR&statelevies
Fertiliser (Bulk)
18:20:0
Urea
Chemicals-Herbicides
@
3
1.0% GrossIncome
SummerWeedControl
@
@
30
Various Allow
HIGH
$470
0.7
1.4
2
$329
$658
$940
Rate/ha
$/ha Medium
$30.00
3
$3.29
$0.21
$0.30 /tonnesold
$780 /tonne
$620 /tonne
MEDIUM
$470
$23.40
$0.00
$/ha
$30.00
Rate/ha
High
3
$6.58
$0.42
50
80
$15.00
$39.00
$49.60
2012
YOUR
ESTIMATE
$/ha
$30.00
$9.40
$0.60
70
120
$15.00
$54.60
$74.40
$15.00
Pre-emergents
$5.70 /litre
$7.60 /litre
$5.00 /litre
@
@
@
1.5
1
1.2
$8.55
$7.60
$6.00
2
1.5
1.2
$11.40
$11.40
$6.00
$14.65 /litre
$14.65
$30.00 /litre
@
@
0.4
0.15
$8.37
$8.37
$4.50
0.5
0.15
$9.84
$9.84
$4.50
0.5
0.15
$9.84
$9.84
$4.50
$10.00 /litre
$44.00 /litre
$10.00 /litre
@
@
@
0.2
0.04
0.25
$2.00
$1.76
$2.50
0.2
0.04
0.25
$2.00
$1.76
$2.50
0.2
0.04
0.25
$2.00
$1.76
$2.50
KarateZeon®(1)
$165.00 /litre
Operations
Fuel&Oil
Repairs&Maintenance
@
0.024
$3.96
0.024
$3.96
0.024
$3.96
Simazine500g/L
Trifluralin480g/L
Glyphosate540
2
1.5
1.2
$11.40
$11.40
$6.00
Post-emergents
(incl Oil)
Select (incl
Clopyralid300g/L
Insecticides
Chlorpyrifos500g/L
Talstar(1)
Imidan
$13.97
$11.18
$16.76
$13.41
$19.56
$15.65
Freight
Grain(t)
Fertiliser(t)
Contract Work
Aerialspraying
Windrowing
Insurance
Ureaspreading
$25.00 /tonne
$20.00 /tonne
@
@
$14.00
$35.00
$12.00
$12.00
@
@
@
@
/ha
/ha
/$1000
/ha
0.7
0.03
1
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
(1)NativeBudwormcontrol(1in4
years).Inlowrainfallsituations,oil
penaltiesmayapplyconverselyoil
bonusesmaybeexpectedinhigh
rainfallareas.
40
AGRONOMIC NOTES
$17.50
$0.60
1.4
0.13
$35.00
$2.60
2
0.19
$50.00
$3.80
$0.00
$35.00
$3.95
$0.00
1
1
$14.00
$35.00
$7.90
$12.00
1
1
$14.00
$35.00
$11.28
$12.00
1
1
$199
$331
$399
$130
$327
$541
$285
0.42
$170
$236
0.70
$407
$199
0.85
$655
A maximum of 15 units of nitrogen and 10 units of phosphorus should be applied with
seed. Nitrogen rate dependent on target yield. Sulphur required on sandy, neutral/acid
soils and intensive cropping systems. Ensure insect control and good seed/soil contact
when sowing. Low rainfall situations require at least 35mm Plant Available Water at
sowing.
Farm Gross Margin Guide 2012
CANOLA GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$410
$430
$470
$500
Variable Costs
$550
0.3
-$62
-$56
-$44
-$35
-$21
Yield
0.7
$89
$102
$130
$150
$184
t/ha
1.1
$239
$260
$303
$336
$389
1.5
$389
$418
$477
$521
$595
140
120
100
MEDIUM RAINFALL
0.7
$410
-$18
$430
-$4
$470
$23
$500
$44
$550
$78
Yield
1.4
$245
$273
$327
$368
$437
t/ha
2
$471
$510
$588
$647
$744
2.5
$658
$707
$805
$879
$1,001
$/ha
Net Price $/t
80
60
40
20
HIGH RAINFALL
Net Price $/t
Yield
0
$410
$430
$470
$500
$550
1
1.5
$48
$236
$68
$265
$107
$324
$136
$368
$185
$442
2
$424
$463
$541
$600
$698
2.5
$612
$661
$759
$832
$954
t/ha
Low
Medium
High
HISTORIC PRICES AND TRENDS
CANOLA HISTORIC PRICES
700
$/tonne
600
500
400
300
200
100
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
seed
1
spray
6
harvest#
1
TOTAL
Repairs & Maint
Fuel
$/ha
$/ha
3.25
2.44
5.49
5.15
2.61
6.21
11.18
13.97
#Ratesareforlowrainfallzone.Extracostinhigheryieldingsituations
41
Farm Gross Margin Guide 2012
EXPORT OATEN HAY GROSS MARGIN
2012
INCOME
YOUR
Rainfall Zone
LOW
Price(11/12Forecast)
Quality
MEDIUM
$140
HIGH
$140
ESTIMATE
$140
Mixedgrades
Yield(t/ha)
GROSS INCOME
3.50
5.00
7
$490
$700
$980
Rate/ha
VARIABLE COSTS
Cost
Low
Rate/ha
$/ha
Medium
Rate/ha
$/ha
High
$/ha
120
$21.60
130
$23.40
0
$0.00
0
$0.00
Seed
Levies
Seed
$180.00 /tonne
@
$0.00 /tonne
@
SeedTreatment
90
$16.20
Fertiliser (Bulk)
18:20:0
$780 /tonne
@
60
$46.80
80
$62.40
110
$85.80
Urea
$620 /tonne
@
30
18.6
75
$46.50
150
$93.00
Chemicals-Herbicides
SummerWeedControl
Various
Allow
$15.00
$15.00
$15.00
Pre-emergents
$5.00 /litre
@
1.2
$6.00
1.2
$6.00
1.2
$6.00
Oxyfluorfen
$20.00 /litre
@
0.075
$1.50
0.075
$1.50
0.075
$1.50
DualGold
$17.50 /litre
$
@
0.5
$8.75
$
0.5
$8.75
$
Diuron
$11.70 /litre
@
0.4
$4.68
0.4
$4.68
0.4
$4.68
$9.25 /litre
@
0.5
$4.63
0.5
$4.63
0.5
$4.63
Glyphosate540
Post-MCPAAmine
Insecticides
Fungicides
Operations
Fuel&Oil
$9.06
$9.06
$9.06
Repairs&Maintenance
$7.05
$7.05
$7.05
Freight
Hay
$20.00 /tonne
@
3.5
$70.00
5.0
$100.00
7.0
$140.00
Fertiliser(t)
$20.00 /tonne
@
0.09
$1.80
0.16
$3.10
0.26
$5.20
Contract Work
varies /ha
@
1.0
$35.00
1.0
$38.00
1.0
$42.00
SuperConditioner
Haymowing
$28.00 /ha
@
1.0
$28.00
1.0
$28.00
1.0
$28.00
Haybaling
$26.67 /tonne
@
3.5
$93.33
5.0
$133.33
7.0
$186.67
$2.50 /$1000
@
Insurance
TOTAL VARIABLE COSTS
GROSS MARGIN/hectare
Break Even Price (to cover variable costs only)
Break Even Yield (to cover variable costs only)
Gross Margin based on last 5 year average price
COMMENTS
$1.23
$1.75
$2.45
$359
$491
$663
$131
$209
$317
$103
2.56
$166
$98
3.51
$259
$95
4.74
$387
AGRONOMIC NOTES
Fertiliserrateassumeshayfollowsacereal.Bonusesforshedding Theuseofa'superconditioner'cansignificantlyreducedryingtime
andlatedeliverymayapply.Additionalcapitalcostsincluding
andsubsequentlyriskwithlesschanceofaqualitydownrade.No
sheddingandextramachinerymayneedtobeconsidered.
allowancehasbeenmadeforcostofraking.
42
Farm Gross Margin Guide 2012
EXPORT OATEN HAY GROSS MARGIN
GROSS MARGIN SENSITIVITY
LOW RAINFALL
Net Price $/t
$100
$120
$140
$160
Variable Costs
$180
1.5
-$111
-$81
-$51
-$21
$9
Yield
2.5
-$60
-$10
$40
$90
$140
t/ha
3.5
-$9
$61
$131
$201
$271
4.5
$43
$132
$222
$312
$402
300
250
MEDIUM RAINFALL
200
$100
$120
$140
$160
$180
2
-$144
-$104
-$64
-$24
$16
Yield
3.5
-$67
$2
$72
$142
$212
t/ha
5
$9
$109
$209
$308
$408
6.5
$86
$215
$345
$475
$604
$/ha
Net Price $/t
150
100
50
HIGH RAINFALL
0
Net Price $/t
$100
$120
$140
$160
$180
-$167
-$65
-$107
$35
-$47
$135
$13
$235
$73
$334
Yield
3
5
t/ha
7
$38
$177
$317
$456
$596
9
$140
$319
$499
$678
$858
Low
Medium
High
HISTORIC PRICES AND TRENDS
OATEN HAY
HISTORIC PRICES
$/tonne
250
200
150
100
50
0
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
Year
Machinery Costs- Assuming full ownership of machinery
(Fuelandrepairsonly-excludesdepreciationandotherownershipcosts)
Operation
No.
Fuel
$/ha
$/ha
5
3.25
2.03
5.15
2.17
1
1.76
1.74
7.05
9.06
seed
1
spray
roll
TOTAL
Repairs & Maint
43
Farm Gross Margin Guide 2012
PRIME LAMB GROSS MARGIN - HIGH RAINFALL (450mm+)
Assumptions
Ave Breeding Ewe Fibre Diameter
Number of breeding ewes (First Cross)
28
1000
Total DSE's
1840
Stocking rate (DSE/Ha)
12.0
First cross ewe - Terminal meat sire
2012
INCOME
Wool(kggreasy)
Sales
YOUR
4423.2 Kg
1339 animals
[aveprice
[aveprice
388 c/kg]
$111.98 perhd]
GROSS INCOME
VARIABLE COSTS
Shearing
Shearing
(Federalawards)
970
19
5
2.50
sheep
rams
days
days
Shedlabour
Woolclasser
Superannuation (onordinarywagesonly)
WorkCover (includessuper+o'timeetc)
Woolpacks
26 packs
Shedsundries
989 sheep
Licecontrol
989 sheep
Crutch&Wig
990 ewes
19 rams
Marking
Lambmarking
1150 lambs
Eartags
1150 lambs
Animal Health
drench
3190 sheep
vaccinate
3320 sheep
blowflycontrol
1000 sheep
Stock purchases
Purchases
Sale Costs
Freight
livestock
189 culls
212 ewes
1150 primelambs
wool
26 bales
Stock selling charges
commission/insurance
yardfees
1339 head
levy-sheep
189 head
levy-lambs
1150
1339
SAsheepindustry
Wool selling charges
brokerage/testing/insurance
woollevy
Feed and Other Costs
hay
20.4
grain
24.6
Insurance
$209,663
Water
1840
Fuel
1840
Other
1840
head
head
tonne
tonnes
value
DSE's
DSE's
DSE's
@
@
@
@
@
@
@
@
@
@
@
$261.13
$522.26
$195.24
$232.89
9.0%
4.0%
$11.50
$0.15
$0.83
$83.56
$167.12
/100
/100
/day
/day
wages
total
/pack
/head
/head
/100
/100
$
$17,181
$149,900
$167,081
$2,533
$99
$976
$582
$377
$168
$299
$148
$821
$827
$32
@
@
$1.00 /head
$0.35 /head
$1,150
$403
@
@
@
$0.19 /head
$0.24 /head
$1.20 /head
$598
$797
$1,200
$56,808
@
@
@
@
$3.00
$3.00
$3.00
$8.00
@
@
@
5.5% gross$
$0.70 /head
$0.20 /head
$8,245
$937
$38
@
@
$1.50 /head
$0.40 /head
$1,725
$535
@
@
$0.22 /kg
2.0% gross
$973
$344
@
@
@
@
@
@
$140.00
$200.00
$2.00
$2.00
$0.70
$0.50
/head
/head
/head
/bale
/tonne
/tonne
/$'000
/DSE
/DSE
/DSE
$567
$637
$3,450
$208
$2,856
$4,920
$419
$3,680
$1,288
$920
TOTAL VARIABLE COSTS
$99,560
GROSS MARGIN TOTAL
$67,521
GROSS MARGIN/hectare
GROSS MARGIN/DSE
COMMENTS
ESTIMATE
$440
$37
Thewoolpriceis90%thepriceforthatmicron.Thistakesintoaccountthelowervalueofbellies,skirtings,locksetc.
Super/workcoverexpensesrelateonlytoshearing.DSEratingsarebasedonthemaintenancefeedrequirementsofa2
yearold,50KgliveweightMerinoWetherwithabodyconditionscoreof2.Noallowancehasbeenmadefor
superphosphateapplication.
44
Farm Gross Margin Guide 2012
PRIME LAMB GROSS MARGIN - HIGH RAINFALL
PRODUCTION DATA
Stockingrate(DSE/Ha)
TotalDSE's
12.0
1840
SHEEPGRAZINGAREA
Numberofewesmated
CullingRate(%fromeachgroup)
Agegroup
Ewes
Wethers
153
0.5
0%
1000
1.5
0%
2.5
0%
Rampercentage
2%
Ageewesbought(yrs)
1.5
3.5
0%
Ageewesculled
6.5
4.5
0%
Yearsramskept
3
5.5
0%
Flockdeathrate
3%
6.5
100%
Averageweaningrate
135%
%Lambscarriedover
0%
SALES
Number
Price/hd
Age
Total
c.f.aewes
182
$95.00
6.5
$17,290
c.f.arams
6
$60.00
4.5
$360
lambs
1150
$115.00
20weeks
$132,250
TOTAL
1339
PURCHASES
Number
$111.98
Price/hd
$149,900
Ageyrs
Total
ewes
212
$240
1.5
$50,968
rams
7
$850
1.5
$5,840
STOCK HEALTH REQUIREMENTS
Numberoftimes
Number
Drench
Vacc.
Blowfly
DSE
ewes
1000
2
2
1
1
1
1
1.8
18
rams
20
2
1
0
2
lambs
1150
1
2
0
TOTAL
2170
3190
3320
1000
Woolcut
SHEARING
Number
ewes
crossbredrams
TOTAL
price
1840
Total
kg/hd
970
4.50
$3.91
$17,050
19
3.00
$2.25
$131
989
4423
$17,181
FEEDING
Number
ewes
1000
rams
20
Number
Hay
KgsFed
Noweeks
Cost($/T)
$140
perweek
2.5
ofFeeding
$140
Total
8
2.5
cost($)
$2,800
8
$56
Grain
KgsFed
Noweeks
Total
Cost($/T)
perweek
ofFeeding
cost($)
ewes
1000
$200
3.0
8
$4,800
rams
20
$200
3.0
10
$120
45
Farm Gross Margin Guide 2012
PRIME LAMB GROSS MARGIN - HIGH RAINFALL
G.M. SENSITIVITY
GROSSMARGIN/DSE
46
AverageWeaningRate(%)
85%
95%
105%
115%
125%
135%
$90
$9
$14
$18
$22
$26
$30
$95
$11
$16
$20
$25
$29
$34
$100
$14
$18
$23
$28
$33
$37
Average
$105
$110
$16
$18
$21
$23
$26
$29
$31
$34
$36
$39
$41
$44
LambSale
$115
$20
$26
$31
$37
$42
$48
Price($/hd)
$120
$22
$28
$34
$40
$45
$51
$125
$25
$31
$37
$43
$49
$55
$130
$27
$33
$39
$46
$52
$58
$135
$29
$35
$42
$49
$55
$62
$140
$31
$38
$45
$51
$58
$65
Farm Gross Margin Guide 2012
SELF REPLACING MERINO FLOCK - HIGH RAINFALL (450mm+)
Assumptions
Ave Breeding Ewe Fibre Diameter
Number of breeding ewes
19.5
1000
Total DSE's
Stocking rate (DSE/Ha)
INCOME
Wool (kggreasy)
Sales
9426 Kg
862 animals
[aveprice
[aveprice
901 c/kg]
$99.94 perhd]
GROSS INCOME
VARIABLE COSTS
Shearing
Shearing
(FederalAwards)
2324
25
9
5
sheep
rams
days
days
Shedlabour
Woolclasser
Superannuation (onordinarywagesonly)
WorkCover (includessuper+o'timeetc)
Woolpacks
55 packs
Shedsundries
2349 sheep
LiceControl
2349 sheep
Crutch&wig
1424 sheep
25 rams
Marking
Lambmarking
900
Eartags
900 lambs
Animal Health
drench
2400 sheep
vaccinate
3275 sheep
blowflycontrol
1475 sheep
Sale and Purchase Costs
Purchases
7 Merinorams
Freight
862 sheep
55 bales
Stock selling charges
commission/insurance
yardfees
862 head
Sheeptranslevy
412 head
Lambtranslevy
450 head
SAsheepindustry
862 head
Wool selling charges
brokerage/testing/insurance
Industrylevy
Feed and other Costs
HandFeeding
Insurance
$237,365 value
Water
2390 DSE's
Fuel
2390 DSE's
Other
2390 DSE's
TOTAL VARIABLE COSTS
GROSS MARGIN TOTAL
GROSS MARGIN/hectare
GROSS MARGIN /DSE
@
@
@
@
@
@
@
@
@
@
@
$261.13
$522.26
$195.24
$232.89
9.0%
4.0%
$11.50
$0.15
$0.83
$83.56
$167.12
/100
/100
/day
/day
wages
total
/pack
/head
/head
/100
/100
$
$84,922
$86,180
$171,102
2012
YOUR
ESTIMATE
$6,069
$131
$1,757
$1,048
$810
$393
$633
$352
$1,950
$1,190
$42
@
@
$1.30 /head
$0.35 /head
$1,170
$315
@
@
@
$0.19 /head
$0.24 /head
$1.20 /head
$450
$786
$1,770
@
@
@
$850.00 /head
$3.00 /head
$8.00 /bale
$5,950
$2,586
$440
@
@
@
@
@
5.5%
$0.70
$0.20
$1.50
$0.40
gross
/head
/head
/head
/head
$4,740
$603
$82
$675
$345
@
@
$0.22 /kg
2.0% gross
$2,074
$1,698
@
@
@
@
$2.00
$2.00
$0.70
$0.50
/$'000
/DSE
/DSE
/DSE
2390
12.0
$7,081
$475
$4,780
$1,673
$1,195
$53,262
$117,840
$592
$49
COMMENTS
Thewoolpriceis90%thewoolpriceforthatmicron.Thistakesintoaccountthelowervalueofbellies,skirtings,locks
etc.Super/workcoverexpensesrelateonlytoshearing.DSEratingsarebasedonthemaintenancefeed
requirementsofa2yearold,50KgliveweightMerinoWetherwithabodyconditionscoreof2.Noallowancehas
beenmadeforsuperphosphateapplication.
47
Farm Gross Margin Guide 2012
SELF REPLACING MERINO FLOCK - HIGH RAINFALL
PRODUCTION DATA
Stockingrate(DSE/Ha)
TotalDSE's
SHEEPGRAZINGAREA
Numberofewesmated
Rampercentage
Agewetherssold(yrs)
Yearsramskept
Flockdeathrate
Averageweaningrate
12.0
2390
285
1000
2.5%
0.5
4
3%
90%
SALES
c.f.aewes
c.f.amerinorams
ewehoggets
wetherlambs
TOTAL
CullingRate(%pereachgroup)
Agegroup
Ewes
Wethers
0.5
0%
100%
1.5
46%
0%
2.5
5%
0%
3.5
5%
0%
4.5
5%
0%
5.5
5%
0%
6.5
100%
0%
Number
204
6
203
450
862
Price/hd
$85.00
$60.00
$160.00
$80.00
$99.94
Total
$17,340
$360
$32,480
$36,000
$86,180
STOCK HEALTH
ewes
ewehoggets
wetherweaners
merinolambs
merinorams
TOTAL
TotalValue
FEEDING
Feed
Oats/barley
Hay
Lupins
Total
Number
1000
450
0
900
25
2375
$237,365
DSE
Numberof
Animals
833
833
375
Hay
Cost($/T)
$200
$140
$200
1.8
1.2
0.8
0.0
2.0
2390
SHEARING
ewes
ewehoggets
wetherweaners
lambs
merinorams
Adults
Total
48
Number
981
443
0
900
25
1449
2349
Numberoftimes
Drench
Vacc.
1
1
1
1
1
1
1
2
2
1
2400
3275
kg/
animal
24 /ewe
20 /ewe
10 /weaner
Woolcut
kg/hd
6.00
4.50
4.50
1.50
8.00
5.75
Total
Greasykg
5885
1995
0
1350
197
8076
9426
Blowfly
1
1
0
0
1
1475
Total
cost($)
$3,998
$2,332
$750
$7,081
Yield
(%)
70%
70%
70%
70%
70%
Total
Cleankg
4119
1396
0
945
138
6598
Farm Gross Margin Guide 2012
SELF REPLACING MERINO FLOCK - HIGH RAINFALL (450mm+)
Thistableshowsthenumberofmerinosheepineachagegroupatmating
FLOCK STRUCTURE
Classof
Sheep
Ewes
Wethers
Rams
0.5y.o.
450
0
1.5y.o.
234
0
7
SENSITIVITY ANALYSIS
GROSSMARGIN/DSE
Average
SalePrice
AllSheep
($/hd)
$70
$75
$80
$85
$90
$95
$100
$105
$110
$115
$120
600
$27
$29
$31
$33
$34
$36
$38
$39
$41
$43
$45
2.5y.o.
216
0
6
AgeGroup
3.5y.o.
199
0
6
4.5y.o.
183
0
6
5.5y.o.
169
0
0
AverageGreasyWoolPrice(c/Kg)
700
800
901
$31
$35
$39
$33
$37
$41
$35
$39
$43
$36
$40
$44
$38
$42
$46
$40
$44
$48
$42
$45
$49
$43
$47
$51
$45
$49
$53
$47
$51
$54
$48
$52
$56
1000
$43
$45
$46
$48
$50
$51
$53
$55
$57
$58
$60
6.5y.o.
0
0
0
1100
$47
$48
$50
$52
$54
$55
$57
$59
$60
$62
$64
49
Farm Gross Margin Guide 2012
MERINO WETHERS - HIGH RAINFALL (450mm+)
Assumptions:
Average Wether Fibre Diametre
Number of adult wethers
Total DSE's
Stocking rate (DSE/Ha)
19.5
1000
1200
12.0
Gross Margin per Ha
Gross Margin per DSE
Gross Margin/Wether
$419
$35
$42
INCOME
Wool(kggreasy)
Sales
GROSS INCOME
6790 Kg
182 animals
EXPENSES
Shearing
Shearing
970 sheep
Shedlabour
4 days
Woolclasser
2 days
Superannuation(onordinarywagesonly)
WorkCover (onwages+super+o'timeetc)
Woolpacks
40 packs
Shedsundries
970 sheep
Licecontrol
970 sheep
Crutching
1000 sheep
Animal Health
drench
1000 sheep
vaccinate
1000 sheep
blowflycontrol
1000 sheep
OtherExpenses
0 sheep
Stock Purchases
Purchases
212 wethers
Sale costs and other
Freight
livestock
395
wool
40 bales
Stock selling charges
commission/insurance
yardfees
182 head
transactionlevy
182 head
SAsheepindustry
182 head
Wool selling charges
brokerage/testing/insurance
Industrylevy
Other Expenses
HandFeeding
Insurance
87500 value
Water
1200 DSE's
fuel
1200 DSE's
OtherExpenses
1200 DSE's
TOTAL VARIABLE COSTS
GROSS MARGIN
GROSS MARGIN/hectare
GROSS MARGIN/DSE
COMMENTS
[aveprice
[aveprice
@
@
@
@
@
@
@
@
@
901 c/kg]
$95.00 perhd]
/100
/day
/day
wages
total
/pack
/head
/head
/100
$2,533
$781
$466
$340
$165
$460
$146
$805
$836
/head
/head
/head
/head
$188
$240
$1,200
$0
@
$80.00 /head
$16,960
@
@
$3.00 /head
$8.00 /bale
$1,185
$320
@
@
@
@
5.5%
$0.70
$0.20
$0.40
gross
/head
/head
/head
$953
$127
$36
$73
@
@
$0.22 /kg
2.00% gross
$1,494
$1,223
@
@
@
@
$2.00
$2.00
$0.70
$0.50
@
@
@
@
$261.13
$195.24
$232.89
9.0%
4.0%
$11.50
$0.15
$0.83
$83.56
$
$61,171
$17,325
$78,496
$0.19
$0.24
$1.20
$0.00
/$'000
/DSE
/DSE
/DSE
2012
YOUR
ESTIMATE
$2,100
$175
$2,400
$840
$600
$36,645
$41,851
$419
$35
Thewoolpriceis90%thewoolpriceforthatmicron.Thistakesintoaccountthelowervalueofbellies,
skirtings,locksetc.Super/workcoverexpensesrelateonlytoshearing.DSEratingsarebasedonthemaintenance
feedrequirementsofa2yearold,50KgliveweightMerinoWetherwithabodyconditionscoreof2.Noallowance
hasbeenmadeforsuperphosphateapplication.
50
Farm Gross Margin Guide 2012
MERINO WETHERS - HIGH RAINFALL
PRODUCTION DATA
Stockingrate(DSE/Ha)
TotalDSE's
SHEEPGRAZINGAREA
Numberofwethers
Flockdeathrate
Agewethersbought(yrs)
Agewethersculled
12.0
1200
100
1000
3%
0.5
5.5
SALES
c.f.awethers
TOTAL
PURCHASES
wethers
Number
182
182
Number
212
CullingRate(%fromeachgroup)
Agegroup
Ewes
Wethers
0.5
0%
1.5
0%
2.5
0%
3.5
0%
4.5
0%
5.5
100%
Price/hd
$95.00
Price/hd
$80
Age
5.5
Ageyrs
0.5
Stock
No's
212
206
200
194
188
Total
$17,290
$17,290
Total
$16,989
STOCK VALUE AND D.S.E REQUIREMENT
Number
1000
1000
wethers
TOTAL
STOCK HEALTH REQUIREMENTS
Numberoftimes
Number Drench
Vacc.
wethers
1000
1
1
TOTAL
1000
1000
1000
SHEARING
Number
970
970
wethers
TOTAL
Woolcut
kg/hd
7.00
Value
$/head
$88
Blowfly
1
1000
Total
Greasykg
6790
6790
AveLive
Wt(Kgs)
55
DSE
rating
1.2
DSE
rating
1.2
1200
Yield
(%)
70%
Total
Cleankg
4753
4753
HAND FEEDING
kgfed
/animal
kg/wether
15 kg/wether
kg/wether
Oats/barley
Hay
Lupins
Total
$/tonne
200
140
200
Total
$0
$2,100
$0
$2,100
MERINO WETHERS - HIGH RAINFALL
SENSITIVITY TABLE
GROSSMARGIN/DSE
Average
SalePrice
ofwethers
($/hd)
$70
$75
$80
$85
$90
$95
$100
$105
$110
$115
$120
600
$15
$15
$16
$17
$17
$18
$19
$20
$20
$21
$22
AverageGreasyWoolPrice(c/Kg)
700
800
901
$20
$26
$31
$21
$26
$32
$22
$27
$33
$22
$28
$33
$23
$29
$34
$24
$29
$35
$24
$30
$36
$25
$31
$36
$26
$31
$37
$27
$32
$38
$27
$33
$38
1000
$37
$37
$38
$39
$40
$40
$41
$42
$43
$43
$44
1100
$42
$43
$44
$44
$45
$46
$47
$47
$48
$49
$50
51
Farm Gross Margin Guide 2012
PRIME LAMB GROSS MARGIN - CEREAL ZONE (250 - 450mm)
Assumptions
Ave Breeding Ewe Fibre Diameter
21
Number of breeding ewes (Merino)
Total DSE's
1000
1850
Stocking rate (DSE/Ha)
6.0
Merino ewe - Terminal meat sire
2012
INCOME
Wool (kggreasy)
Sales
GROSS INCOME
VARIABLE COSTS
Shearing
Shearing
(Federalawards)
YOUR
6378 Kg
1189 animals
970
24
5
2.5
Shedlabour
Woolclasser
WorkCover (includessuper+o'timeetc)
Superannuation(onordinarywagesonly)
Woolpacks
38
Shedsundries
994
Licecontrol
994
Crutch&Wig
0
1019
Marking
Lambmarking
950
Eartags
950
Animal Health
drench
2000
vaccinate
2925
blowflycontrol
1000
Stock purchases
Purchases
Sale Costs
Freight
livestock
239
262
950
wool
38
Stock selling charges
commissioninsurance
yardfees
1189
levy-sheep
239
levy-lambs
950
SAsheepindustrylev
1189
Wool selling charges
brokerage/testing/insurance
Industrylevy
Feed and Other Costs
Water
1850
Fuel
1850
Other
1850
hay
20.5
grain
24.8
Insurance
$170,000
sheep
rams
days
days
[aveprice
[aveprice
802 c/kg]
$104.80 perhd]
$261.13
$522.26
$195.24
$232.89
9.00%
4.00%
$11.50
$0.15
$0.46
$83.56
$83.56
/100
/100
/day
/day
total
wages
/pack
/head
/head
/100
/100
$
$51,121
$124,700
$175,821
packs
sheep
sheep
lambs
ewes
@
@
@
@
@
@
@
@
@
@
@
lambs
lambs
@
@
$1.00 /head
$0.35 /head
$950
$333
sheep
sheep
sheep
@
@
@
$0.19 /head
$0.20 /head
$1.20 /head
$375
$585
$1,200
$2,533
$125
$976
$582
$380
$169
$437
$149
$456
$0
$851
$54,377
$
,
culls
ewes
primelambs
bales
@
@
@
@
head
head
head
head
@
@
@
@
@
@
@
DSE's
DSE's
DSE's
tonne
tonnes
value
@
@
@
@
@
@
$3.00
$3.00
$3.00
$8.00
/head
/head
/head
/bale
$717
$785
$2,850
$304
gross
/head
/head
/head
/head
$6,859
$832
$48
$1,425
$476
$0.22 kg
2.0% gross
$1,403
$1,022
5.5%
$0.70
$0.20
$1.50
$0.40
$2.00
$0.70
$0.50
$140.00
$200.00
$2.00
/DSE
/DSE
/DSE
/tonne
/tonne
/$'000
$3,700
$1,295
$925
$2,870
$4,950
$340
TOTAL VARIABLE COSTS
$95,278
GROSS MARGIN TOTAL
$80,542
GROSS MARGIN/hectare
GROSS MARGIN/DSE
COMMENTS
ESTIMATE
$261
$44
Thewoolpriceis90%thepriceforthatmicron.Thistakesintoaccountthelowervalueofbellies,skirtings,locksetc.Super/workcover
expensesrelateonlytoshearing.DSEratingsarebasedonthemaintenancefeedrequirementsofa2yearold,50Kgliveweight
MerinoWetherwithabodyconditionscoreof2.
52
Farm Gross Margin Guide 2012
PRIME LAMB GROSS MARGIN - CEREAL ZONE
PRODUCTION DATA
Stockingrate(DSE/Ha)
6.0
TotalDSE's
CullingRate(%fromeachgroup)
1850
SHEEPGRAZINGAREA
Agegroup
Ewes
Wethers
308
0.5
0%
Numberofewesmated
1000
1.5
0%
Rampercentage
2.5%
2.5
0%
Ageewesbought(yrs)
Ageewesculled
Yearsramskept
Flockdeathrate
Averageweaningrate
%Lambscarriedover
1.5
5.5
3
3%
95%
0%
3.5
4.5
5.5
6.5
0%
0%
100%
0%
Age
Total
$19,720
$480
$104,500
$124,700
Total
$47,076
$7,300
SALES
c.f.aewes
c.f.arams
lambs
TOTAL
PURCHASES
ewes
rams
Number
232
8
950
1189
Number
262
9
Price/hd
$85.00
$60.00
$110.00
104.80
Price/hd
$180
$850
5.5
4.5
20weeks
Ageyrs
1.5
1.5
STOCK HEALTH REQUIREMENTS
ewes
rams
lambs
TOTAL
Number
1000
25
950
Drench
1975
Numberoftimes
Vacc.
Blowfly
DSE
1
1
1
2
1
0
1
2
0
2000
2925
Number
970
24
Woolcut
kg/hd
6.50
3.00
SHEARING
ewes
crossbredrams
TOTAL
994
1000
price
$8.08
$2.25
6378
1.8
2
1850
Total
$
50957
164
51121
FEEDING
Number
ewes
rams
1000
25
Number
ewes
rams
1000
25
Hay
KgsFed
Noweeks
Cost($/T)
$140
$140
Grain
Cost($/T)
$200
$200
perweek
2.5
2.5
KgsFed
perweek
3.0
3.0
ofFeeding
Total
8
8
Noweeks
ofFeeding
8
10
cost($)
$2,800
$70
Total
cost($)
$4,800
$150
53
Farm Gross Margin Guide 2012
PRIME LAMB GROSS MARGIN - CEREAL ZONE
G.M. SENSITIVITY
GROSSMARGIN/DSE
54
AverageWeaningRate(%)
85%
95%
$27
$31
$30
$34
$32
$36
$34
$39
$36
$41
Average
$85
$90
$95
$100
$105
75%
$24
$25
$27
$29
$31
LambSale
$110
$33
$38
Price($/hd)
$115
$120
$125
$130
$135
$35
$37
$39
$41
$43
$40
$43
$45
$47
$49
105%
$35
$38
$41
$43
$46
115%
$39
$42
$45
$48
$51
125%
$43
$46
$50
$53
$56
$44
$49
$54
$59
$46
$48
$51
$53
$56
$51
$54
$57
$59
$62
$57
$60
$63
$66
$69
$62
$66
$69
$72
$75
Farm Gross Margin Guide 2012
SELF REPLACING MERINO FLOCK - CEREAL ZONE (250 - 450mm)
Assumptions
Ave Breeding Ewe Fibre Diameter
Number of breeding ewes
21
1000
Total DSE's
Stocking rate (DSE/Ha)
INCOME
Wool (kggreasy)
Sales
GROSS INCOME
VARIABLE COSTS
Shearing
Shearing
(FederalAwards)
10614 Kg
813 animals
2250
25
8
4.0
sheep
rams
days
days
Shedlabour
Woolclasser
Superannuation(onordinarywagesonly)
WorkCover (includessuper+o'timeetc)
Woolpacks
62 packs
Shedsundries
2274 sheep
Licecontrol
2274 sheep
Crutch&wig
1400 sheep
25 rams
Marking
Lambmarking
850 lambs
Eartags
850 lambs
Animal Health
drench
2325 sheep
vaccinate
3150 sheep
blowflycontrol
1450 sheep
Sale and Purchase Costs
Purchases
7 Merinorams
Freight
813 sheep
62 bales
Stock selling charges
commission/insurance
yardfees
813 head
sheeptranlevy
388 head
lambtranslevy
425 head
SASheepindustry
813 head
wool selling charges
brokerage/testing/insurance
Industrylevy
Feed and other Costs
HandFeeding
Insurance
$226,821 value
Water
2360 DSE's
Fuel
2360 DSE's
Other
2360 DSE's
TOTAL VARIABLE COSTS
GROSS MARGIN TOTAL
GROSS MARGIN/hectare
GROSS MARGIN /DSE
[aveprice
[aveprice
@
@
@
@
@
@
@
@
@
@
@
808 c/kg]
$98.62 perhd]
$261.13
$522.26
$195.24
$232.89
9.0%
4.0%
$11.50
$0.15
$0.83
$83.56
$167.12
/100
/100
/day
/day
wages
total
/pack
/head
/head
/100
/100
$
$85,781
$80,180
$165,961
2012
YOUR
ESTIMATE
$5,875
$131
$1,562
$932
$765
$371
$713
$341
$1,887
$1,170
$42
@
@
$1.30 /head
$0.35 /head
$1,105
$298
@
@
@
$0.19 /head
$0.20 /head
$1.20 /head
$436
$630
$1,740
@
@
@
$850.00 /head
$3.00 /head
$8.00 /bale
$5,950
$2,439
$496
@
@
@
@
@
5.5%
$0.70
$0.20
$1.50
$0.40
gross
/head
/head
/head
/head
$4,410
$569
$78
$638
$325
@
@
$0.22 /kg
2.0% gross
$2,335
$1,716
@
@
@
@
$2.00
$2.00
$0.70
$0.50
/$'000
/DSE
/DSE
/DSE
2360
6.0
$8,450
$454
$4,720
$1,652
$1,180
$53,407
$112,554
$286
$48
COMMENTS
Thewoolpriceis90%thewoolpriceforthatmicron.Thistakesintoaccountthelowervalueofbellies,
skirtings,locksetc.Super/workcoverexpensesrelateonlytoshearing.DSEratingsarebasedonthemaintenance
feedrequirementsofa2yearold,50KgliveweightMerinoWetherwithabodyconditionscoreof2.
55
Farm Gross Margin Guide 2012
SELF REPLACING MERINO FLOCK - CEREAL ZONE
PRODUCTION DATA
Stockingrate(DSE/Ha)
TotalDSE's
SHEEPGRAZINGAREA
Numberofewesmated
Rampercentage
Agewetherssold(yrs)
Yearsramskept
Flockdeathrate
Averageweaningrate
Primelambweaning%
%matedforprimelms
6.0
2360
285
1000
2.5%
0.5
4
3%
85%
0%
0%
SALES
c.f.aewes
c.f.amerinorams
ewehoggets
wetherlambs
TOTAL
CullingRate(%pereachgroup)
Agegroup
Ewes
Wethers
0.5
0%
100%
1.5
43%
0%
2.5
5%
0%
3.5
5%
0%
4.5
5%
0%
5.5
5%
0%
6.5
100%
0%
Number
204
6
178
425
813
Price/hd
$85.00
$60.00
$160.00
$80.00
$98.62
Total
$17,340
$360
$28,480
$34,000
$80,180
STOCK HEALTH
ewes
ewehoggets
wether
weaners
wetherweaners
merinolambs
merinorams
TOTAL
TotalValue
FEEDING
Feed
Oats/barley
Hay
Lupins
Total
Number
1000
425
0
850
25
2300
$226,821
DSE
Numberof
Animals
1000
1000
425
Fodder
Cost($/T)
$200
$140
$200
1.8
1.2
0.8
0.0
2.0
2360
SHEARING
ewes
ewehoggets
wetherweaners
lambs
merinorams
Adults
Total
56
Number
981
419
0
850
25
1424
2274
Numberoftimes
Drench
Vacc.
1
1
1
1
1
1
1
1
1
2
2
1
2325
3150
kg/
animal
24 /ewe
20 /ewe
10 /weaner
Woolcut
kg/hd
6.50
5.50
5.00
2.00
9.50
6.63
Total
Greasykg
6378
2302
0
1700
234
8914
10614
Blowfly
1
1
1
1
0
1
1450
Total
cost($)
$4,800
$2,800
$850
$8,450
Yield
(%)
68%
68%
68%
68%
68%
Total
Cleankg
4337
1566
0
1156
159
7217
Farm Gross Margin Guide 2012
SELF REPLACING MERINO FLOCK - CEREAL ZONE
Thistableshowsthenumberofmerinosheepineachagegroupatmating
FLOCK STRUCTURE
Classof
Sheep
Ewes
Wethers
Rams
0.5y.o.
425
0
1.5y.o.
234
0
7
SENSITIVITY ANALYSIS
GROSSMARGIN/DSE
Average
SalePrice
AllSheep
($/hd)
$40
$50
$60
$70
$80
$90
$99
$100
$110
$120
$130
600
$19
$23
$26
$29
$32
$36
$39
$39
$42
$45
$49
2.5y.o.
216
0
6
AgeGroup
3.5y.o.
199
0
6
4.5y.o.
183
0
6
5.5y.o.
169
0
0
AverageGreasyWoolPrice(c/Kg)
700
808
900
$24
$29
$33
$27
$32
$36
$30
$35
$39
$34
$38
$42
$37
$42
$46
$40
$45
$49
$43
$48
$52
$43
$48
$52
$47
$51
$55
$50
$55
$59
$53
$58
$62
1000
$37
$40
$44
$47
$50
$53
$56
$57
$60
$63
$66
6.5y.o.
0
0
0
1050
$39
$43
$46
$49
$52
$56
$58
$59
$62
$65
$69
57
Farm Gross Margin Guide 2012
MERINO WETHERS - CEREAL ZONE (250 - 450mm)
Assumptions:
Average Wether Fibre Diameter
Number of adult wethers
Total DSE's
Stocking rate (DSE/Ha)
21
1000
1200
6.0
Gross Margin per Ha
Gross Margin per DSE
Gross Margin/Wether
$197
$33
$39
INCOME
Wool(kggreasy)
Sales
GROSS INCOME
7275 Kg
182 animals
EXPENSES
Shearing
Shearing
970 sheep
Shedlabour
4 days
Woolclasser
2 days
Superannuation (onordinarywagesonly)
WorkCover (onwages+super+o'timeetc)
Woolpacks
43 packs
Shedsundries
970 sheep
Licecontrol
970 sheep
Crutching
1000 sheep
Animal Health
drench
1000 sheep
vaccinate
1000 sheep
blowflycontrol
1000 sheep
OtherExpenses
0 sheep
Stock Purchases
Purchases
212 wethers
Sale costs and other
Freight
livestock
395
wool
43 bales
Stock selling charges
commission/insurance
yardfees
182 head
transactionlevy
182 head
SAsheepindustry
182 head
Wool selling charges
brokerage/testing/insurance
Industrylevy
Other Expenses
HandFeeding
Insurance
87500 value
Water
1200 DSE's
fuel
1200 DSE's
OtherExpenses
1200 DSE's
TOTAL VARIABLE COSTS
GROSS MARGIN
GROSS MARGIN/hectare
GROSS MARGIN/DSE
COMMENTS
[aveprice
[aveprice
@
@
@
@
@
@
@
@
@
808 c/kg]
$95.00 perhd]
/100
/day
/day
wages
total
/pack
/head
/head
/100
$2,533
$781
$466
$298
$144
$495
$146
$805
$836
/head
/head
/head
/head
$188
$200
$1,200
$0
@
$80.00 /head
$16,960
@
@
$3.00 /head
$8.00 /bale
$1,185
$344
@
@
@
@
5.5%
$0.70
$0.20
$0.40
gross
/head
/head
/head
$953
$127
$36
$73
@
@
$0.22 /kg
2.0% gross
$1,601
$1,176
@
@
@
@
$2.00
$2.00
$0.70
$0.50
@
@
@
@
$261.13
$195.24
$232.89
9.0%
4.0%
$11.50
$0.15
$0.83
$83.56
$
$58,797
$17,325
$76,121
$0.19
$0.20
$1.20
$0.00
/$'000
/DSE
/DSE
/DSE
2012
YOUR
ESTIMATE
$2,100
$175
$2,400
$840
$600
$36,661
$39,461
$197
$33
Thewoolpriceis90%thewoolpriceforthatmicron.Thistakesintoaccountthelowervalueofbellies,skirtings,
locksetc.Super/workcoverexpensesrelateonlytoshearing.DSEratingsarebasedonthemaintenancefeed
requirementsofa2yearold,50kgliveweightMerinowetherwithabodyconditionscoreof2.Noallowancehas
beenmadeforsuperphosphateapplication.
58
Farm Gross Margin Guide 2012
MERINO WETHERS - CEREAL ZONE
PRODUCTION DATA
Stockingrate(DSE/Ha)
TotalDSE's
SHEEPGRAZINGAREA
Numberofwethers
Flockdeathrate
Agewethersbought(yrs)
Agewethersculled
SALES
c.f.awethers
TOTAL
PURCHASES
wethers
6.0
1200
200
1000
3%
0.5
5.5
Number
182
182
Number
212
CullingRate(%fromeachgroup)
Agegroup
Ewes
Wethers
0.5
0%
1.5
0%
2.5
0%
3.5
0%
4.5
0%
5.5
100%
Price/hd
$95.00
Price/hd
$80
Age
5.5
Ageyrs
0.5
Stock
No's
212
206
200
194
188
Total
$17,290
$17,290
Total
$16,989
STOCK VALUE AND D.S.E REQUIREMENT
Number
1000
1000
wethers
TOTAL
STOCK HEALTH REQUIREMENTS
Numberoftimes
Number Drench
Vacc.
wethers
1000
1
1
TOTAL
1000
1000
1000
SHEARING
Number
970
970
wethers
TOTAL
Woolcut
kg/hd
7.50
Value
$/head
$88
Blowfly
1
1000
Total
Greasykg
7275
7275
AveLive
Wt(Kgs)
55
DSE
rating
1.2
DSE
rating
1.2
1200
Yield
(%)
68%
Total
Cleankg
4947
4947
HAND FEEDING
kgfed
/animal
0 kg/wether
15 kg/wether
kg/wether
Oats/barley
Hay
Lupins
Total
$/tonne
200
140
200
Total
$0
$2,100
$0
$2,100
MERINO WETHERS - CEREAL ZONE
SENSITIVITY TABLE
GROSSMARGIN/DSE
Average
SalePrice
ofwethers
($/hd)
$70
$75
$80
$85
$90
$95
$100
$105
$110
$115
$120
600
$17
$18
$18
$19
$20
$21
$21
$22
$23
$23
$24
AverageGreasyWoolPrice(c/Kg)
700
808
900
$23
$29
$35
$24
$30
$35
$24
$31
$36
$25
$31
$37
$26
$32
$38
$26
$33
$38
$27
$34
$39
$28
$34
$40
$29
$35
$40
$29
$36
$41
$30
$36
$42
1000
$41
$41
$42
$43
$44
$44
$45
$46
$46
$47
$48
1100
$47
$47
$48
$49
$50
$50
$51
$52
$52
$53
$54
59
Farm Gross Margin Guide 2012
PRIME LAMB GROSS MARGIN - PASTORAL ZONE (<250mm)
Assumptions
(Lambs sold to specialist finisher)
Ave Breeding Ewe Fibre Diameter
22
Number of breeding ewes
Total DSE's
1000
1858
Stocking rate (DSE/Ha)
0.14
Merino ewes - Terminal meat sire
2012
INCOME
Wool (kggreasy)
Sales
GROSS INCOME
YOUR
5771 Kg
1020 animals
VARIABLE COSTS
Shearing
Shearing
(Federalawards)
950
24
5
2.50
sheep
rams
days
days
Shedlabour
Woolclasser
Superannuation(onordinarywagesonly)
WorkCover (onwages+super+o'timeetc)
Woolpacks
34 packs
Shedsundries
974 sheep
Licecontrol
974 sheep
Crutch&Wig
800 lambs
998 adults
Marking
Lambmarking
800 lambs
Eartags
800 lambs
Animal Health
drench
0 sheep
vaccinate
1825 sheep
blowflycontrol
1000 sheep
Stock purchases
Purchases
Sale Costs
Freight
livestock
220 culls
270 ewes
800 primelambs
wool
34 bales
Stock selling charges
commission/insurance
yardfees
1020 head
levy-sheep
220 head
levy-lambs
800 head
1020 head
SAsheepindustry
wool selling charges
Industrylevy
brokerage/testing/insurance
Feed and Other Costs
Water
1858 DSE's
Fuel
1858 DSE's
Other
1858 DSE's
hay
0.0 tonne
grain
0.0 tonnes
Insurance
$146,813 value
[aveprice
[aveprice
@
@
@
@
@
@
@
@
@
@
@
702 c/kg]
$86.77 perhd]
$261.13
$522.26
$195.24
$232.89
9.0%
4.0%
$11.50
$0.15
$0.83
$83.56
$83.56
/100
/100
/day
/day
wages
total
/pack
/head
/head
/100
/100
$
$40,533
$88,466
$129,000
$2,481
$125
$976
$582
$375
$167
$391
$146
$808
$668
$834
@
@
$1.00 /head
$0.35 /head
$800
$280
@
@
@
$0.19 /head
$0.20 /head
$1.20 /head
$0
$365
$1,200
$48,856
@
@
@
@
$5.00
$5.00
$5.00
$10.00
/head
/head
/head
/bale
$1,100
$1,348
$4,000
$340
@
@
@
@
@
5.5%
$0.70
$0.20
$1.50
$0.40
gross
/head
/head
/head
/head
$4,866
$714
$44
$1,200
$408
@
@
2.0% gross
$0.22 /kg
$811
$1,270
@
@
@
@
@
@
$2.00
$0.70
$0.50
$140.00
$200.00
$2.00
/tonne
/tonne
/DSE
/DSE
/DSE
/$'000
$3,715
$1,300
$929
$0
$0
$294
TOTAL VARIABLE COSTS
$81,392
GROSS MARGIN TOTAL
$47,608
GROSS MARGIN/hectare
GROSS MARGIN/DSE
COMMENTS
ESTIMATE
$3.59
$26
Thewoolpriceis90%thewoolpriceforthatmicron.Thistakesintoaccountthelowervalueofbellies,skirtings,locksetc.
Super/workcoverexpensesrelateonlytoshearing.DSEratingsarebasedonthemaintenancefeedrequirementsofa2
yearold,50KgliveweightMerinoWetherwithabodyconditionscoreof2.
60
Farm Gross Margin Guide 2012
PRIME LAMB GROSS MARGIN - PASTORAL ZONE
PRODUCTION DATA
Stockingrate(DSE/Ha)
0.14
TotalDSE's
CullingRate(%fromeachgroup)
1858
SHEEPGRAZINGAREA
Agegroup
Ewes
Wethers
13268
0.5
0%
Numberofewesmated
1000
1.5
0%
Rampercentage
2.5%
2.5
0%
Ageewesbought(yrs)
1.5
3.5
0%
Ageewesculled
5.5
4.5
100%
Yearsramskept
4
5.5
0%
Flockdeathrate
5%
6.5
0%
Age
Total
Averageweaningrate
80%
%Lambscarriedover
0%
SALES
Number
Price/hd
c.f.aewes
220
$75.00
5.5
c.f.arams
0
$55.00
5.5
$0
800
$90.00
16weeks
$72,000
lambs
TOTAL
1020
PURCHASES
Number
$16,500
$86.77
Price/hd
$88,500
Ageyrs
Total
ewes
270
$160
1.5
$43,128
rams
7
$850
1.5
$5,728
STOCK HEALTH REQUIREMENTS
Numberoftimes
Number
Drench
Vacc.
Blowfly
DSE
ewes
1000
0
1
1
1.8
rams
25
0
1
0
2
lambs
800
0
1
0
TOTAL
1825
0
1825
1000
Woolcut
SHEARING
Number
ewes
Total
kg/hd
950
6.00
$7.08
40373
24
3.00
$2.25
160
974
5771
crossbredrams
TOTAL
price
1850
40533
FEEDING
Number
Hay
KgsFed
Noweeks
Total
Cost($/T)
perweek
ofFeeding
cost($)
ewes
1000
$140
3.0
0
rams
24
$140
3.0
0
Number
Grain
KgsFed
Noweeks
Cost($/T)
perweek
ofFeeding
$0
$0
Total
cost($)
ewes
1000
$200
0.0
0
$0
rams
24
$200
3.0
0
$0
61
Farm Gross Margin Guide 2012
PRIME LAMB GROSS MARGIN - PASTORAL ZONE
G.M. SENSITIVITY
GROSSMARGIN/DSE
62
AverageWeaningRate(%)
50%
60%
70%
80%
90%
100%
$60
$6
$8
$11
$13
$16
$19
$65
$7
$10
$13
$15
$18
$21
$70
$8
$11
$14
$18
$21
$24
$75
$10
$13
$16
$20
$23
$26
Average
$80
$11
$14
$18
$22
$25
$29
LambSale
$85
$12
$16
$20
$24
$27
$31
Price($/hd)
$90
$13
$17
$22
$26
$30
$34
$95
$15
$19
$23
$28
$32
$36
$100
$16
$21
$25
$30
$34
$39
$105
$17
$22
$27
$32
$37
$41
$110
$18
$24
$29
$34
$39
$44
Farm Gross Margin Guide 2012
SELF REPLACING MERINO FLOCK - PASTORAL ZONE (<250mm)
Assumptions
Ave Breeding Ewe Fibre Diameter
Number of breeding ewes
22
1000
Total DSE's
Stocking rate (DSE/Ha)
INCOME
Wool (kggreasy)
Sales
GROSS INCOME
VARIABLE COSTS
Shearing
Shearing
(FederalAwards)
11237 Kg
669 animals
2451
29
10
5
708 c/kg]
$94.58 perhd]
@
@
@
@
@
@
@
@
@
@
lambs
lambs
@
@
$1.30 /head
$0.35 /head
sheep
sheep
sheep
sheep
p
@
@
@
@
$0.19
$0.20
$1.20
$0.00
$
Merinorams
sheep
bales
@
@
@
head
head
head
@
@
@
@
5.5%
$0.70
$0.20
$0.40
gross
/head
/head
/head
$3,481
$468
$134
$268
@
@
$0.22 /kg
2.0% gross
$2,472
$1,592
@
@
@
@
$2.00
$2.00
$0.70
$0.50
value
DSE's
DSE's
DSE's
$261.13
$522.26
$195.24
$232.89
9.0%
4.0%
$11.50
$0.15
$0.83
$83.56
/100
/100
/day
/day
wages
total
/pack
/head
/head
/100
$
$79,595
$63,285
$142,880
sheep
rams
days
days
Shedlabour
Woolclasser
Superannuation(onordinarywagesonly)
WorkCover (includessuper+o'timeetc)
Woolpacks
66 packs
Shedsundries
2480 sheep
Licecontrol
2480 sheep
Crutch&wig
1701 sheep
Marking
Lambmarking
750
Eartags
750
Animal Health
drench
0
vaccinate
2905
blowflycontrol
1000
other
0
Sale and Purchase Costs
Purchases
8
Freight
669
66
Stock selling charges
commission/insurance
yardfees
669
transactionlevy
669
SAsheepindustry
669
Wool selling charges
brokerage/testing/insurance
Industrylevy
Feed and other Costs
HandFeeding
Insurance
$239,298
Water
2610
Fuel
2610
Other
2610
TOTAL VARIABLE COSTS
GROSS MARGIN TOTAL
GROSS MARGIN/hectare
GROSS MARGIN /DSE
[aveprice
[aveprice
2012
YOUR
ESTIMATE
$6,400
$151
$1,952
$1,164
$870
$422
$759
$372
$2,058
$1,421
$975
$263
/head
/head
/head
/head
$0
$581
$1,200
$0
$
$850.00 /head
$5.00 /head
$10.00 /bale
$6,800
$3,345
$660
/$'000
/DSE
/DSE
/DSE
2610
0.14
$0
$479
$5,220
$1,827
$1,305
$46,640
$96,240
$5.16
$37
COMMENTS
Thewoolpriceis90%thewoolpriceforthatmicron.Thistakesintoaccountthelowervalueofbellies,
skirtings,locksetc.Super/workcoverexpensesrelateonlytoshearing.DSEratingsarebasedonthemaintenance
feedrequirementsofa2yearold,50KgliveweightMerinoWetherwithabodyconditionscoreof2.
63
Farm Gross Margin Guide 2012
SELF REPLACING MERINO FLOCK - PASTORAL ZONE
PRODUCTION DATA
Stockingrate(DSE/Ha)
TotalDSE's
SHEEPGRAZINGAREA
Numberofewesmated
Rampercentage
Agewetherssold(yrs)
Yearsramskept
Flockdeathrate
Averageweaningrate
Primelambweaning%
%matedforprimelms
0.14
2610
18643
1000
3.0%
1
4
5%
75%
0%
0%
SALES
c.f.aewes
c.f.amerinorams
ewehoggets
wetherhoggets
TOTAL
CullingRate(%pereachgroup)
Agegroup
Ewes
Wethers
0.5
0%
0%
1.5
32%
100%
2.5
5%
0%
3.5
5%
0%
4.5
5%
0%
5.5
5%
0%
6.5
100%
0%
Number
193
7
113
356
669
Price/hd
$75.00
$55.00
$145.00
$90.00
$94.58
Total
$14,475
$385
$16,385
$32,040
$63,285
STOCK HEALTH
ewes
ewehoggets
wetherweaners
wether
weaners
merinolambs
merinorams
TOTAL
TotalValue
FEEDING
Feed
Oats/barley
Hay
Lupins
Total
Number
1000
375
375
750
30
2530
$239,298
DSE
1.8
1.2
0.8
0.0
2.0
2610
Numberof
Animals
1000
1000
750
Hay
Cost($/T)
$200
$140
$200
SHEARING
ewes
ewehoggets
wetherweaners
lambs
merinorams
Adults
Total
64
Number
970
366
366
750
29
1730
2480
Numberoftimes
Drench
Vacc.
0
1
0
1
0
0
0
2
0
1
0
2905
kg/
fed
animal
0.0 /ewe
0.0 /ewe
0.0 /weaner
Woolcut
kg/hd
6.00
5.00
5.00
2.00
9.00
6.25
Total
Greasykg
5818
1828
1828
1500
263
9737
11237
Jet
1
0
0
0
0
1000
Total
cost($)
$0
$0
$0
$0
Yield
(%)
63%
63%
63%
63%
63%
Total
Cleankg
3665
1152
1152
945
166
7080
Farm Gross Margin Guide 2012
SELF REPLACING MERINO FLOCK - PASTORAL ZONE
Thistableshowsthenumberofmerinosheepineachagegroupatmating
FLOCK STRUCTURE
Classof
Sheep
Ewes
Wethers
Rams
0.5y.o.
375
375
1.5y.o.
243
0
8
SENSITIVITY ANALYSIS
GROSSMARGIN/HA
Average
Sale
Price($/hd)
$70
$75
$80
$85
$90
$95
$100
$105
$110
$115
$120
400
$18
$19
$20
$22
$23
$24
$25
$26
$28
$29
$30
2.5y.o.
219
0
8
AgeGroup
3.5y.o.
198
0
7
4.5y.o.
179
0
7
AverageGreasyWoolPrice(c/Kg)
500
600
708
$22
$26
$31
$23
$28
$32
$25
$29
$33
$26
$30
$35
$27
$31
$36
$28
$32
$37
$29
$34
$38
$31
$35
$39
$32
$36
$41
$33
$37
$42
$34
$38
$43
5.5y.o.
161
0
0
800
$35
$36
$37
$38
$40
$41
$42
$43
$44
$46
$47
6.5y.o.
0
0
0
900
$39
$40
$41
$43
$44
$45
$46
$47
$49
$50
$51
65
Farm Gross Margin Guide 2012
MERINO WETHERS - PASTORAL ZONE (<250mm)
Assumptions:
Average Wether Fibre Diameter
Number of adult wethers
Total DSE's
Stocking rate (DSE/Ha)
22
1000
1200
0.14
Gross Margin per Ha
Gross Margin per DSE
Gross Margin/Wether
$3.3
$24
$28
INCOME
Wool(kggreasy)
Sales
GROSS INCOME
6720 Kg
177 animals
EXPENSES
Shearing
Shearing
960 sheep
Shedlabour
4 days
Woolclasser
2 days
Superannuation (onordinarywagesonly)
WorkCover (onwages+super+o'timeetc)
Woolpacks
40 packs
Shedsundries
960 sheep
Licecontrol
960 sheep
Crutching
1000 sheep
Animal Health
drench
0 sheep
vaccinate
1000 sheep
blowflycontrol
1000 sheep
OtherExpenses
0 sheep
Stock Purchases
Purchases
217 wethers
Sale costs and other
Freight
livestock
393
wool
40 bales
Stock selling charges
commission/insurance
yardfees
177 head
transactionlevy
177 head
SAsheepindustry
177 head
Wool selling charges
brokerage/testing/insurance
Industrylevy
Other Expenses
HandFeeding
Insurance
85000 value
Water
1200 DSE's
fuel
1200 DSE's
OtherExpenses
1200 DSE's
TOTAL VARIABLE COSTS
GROSS MARGIN
GROSS MARGIN/hectare
GROSS MARGIN/DSE
COMMENTS
[aveprice
[aveprice
@
@
@
@
@
@
@
@
@
708 c/kg]
$90.00 perhd]
/100
/day
/day
wages
total
/pack
/head
/head
/100
$2,507
$781
$466
$338
$145
$460
$144
$797
$836
/head
/head
/head
/head
$0
$200
$1,200
$0
@
$80.00 /head
$17,360
@
@
$5.00 /head
$10.00 /bale
$1,965
$400
@
@
@
@
$261.13
$195.24
$232.89
9.0%
4.0%
$11.50
$0.15
$0.83
$83.56
$
$47,598
$15,899
$63,497
$0.19
$0.20
$1.20
$0.00
@
@
@
@
5.5%
$0.70
$0.20
$0.40
gross
/head
/head
/head
$874
$124
$35
$71
@
@
$0.22 /kg
2.0% gross
$1,478
$952
@
@
@
@
$2.00
$2.00
$0.70
$0.50
/$'000
/DSE
/DSE
/DSE
2012
YOUR
ESTIMATE
$0
$170
$2,400
$840
$600
$35,143
$28,354
$3.31
$24
Thewoolpriceis90%thepriceforthatmicron.Thistakesintoaccountthelowervalueofbellies,skirtings,locks
etc.Super/workcoverexpensesrelateonlytoshearing.DSEratingsarebasedonthemaintenancefeed
requirementsofa2yearold,50KgliveweightMerinoWetherwithabodyconditionscoreof2.
66
Farm Gross Margin Guide 2012
MERINO WETHERS - PASTORAL ZONE
PRODUCTION DATA
Stockingrate(DSE/Ha)
TotalDSE's
SHEEPGRAZINGAREA
Numberofwethers
Flockdeathrate
Agewethersbought(yrs)
Agewethersculled
SALES
c.f.awethers
TOTAL
PURCHASES
wethers
0.14
1200
8571
1000
4%
0.5
5.5
Number
177
177
Number
217
CullingRate(%fromeachgroup)
Agegroup
Ewes
Wethers
0.5
0%
1.5
0%
2.5
0%
3.5
0%
4.5
0%
5.5
100%
Price/hd
$90.00
Price/hd
$80
Age
5.5
Ageyrs
0.5
Stock
No's
217
208
200
192
184
Total
$15,930
$15,930
Total
$17,332
STOCK VALUE AND D.S.E REQUIREMENT
Number
1000
1000
wethers
TOTAL
STOCK HEALTH REQUIREMENTS
Numberoftimes
Number Drench
Vacc.
wethers
1000
0
1
TOTAL
1000
0
1000
SHEARING
Number
960
960
wethers
TOTAL
Woolcut
kg/hd
7.00
Value
$/head
$85
Blowfly
1
1000
Total
Greasykg
6720
6720
AveLive
Wt(Kgs)
55
DSE
rating
1.20
DSE
rating
1.2
1200
Yield
(%)
63%
Total
Cleankg
4234
4234
HAND FEEDING
kgfed
Oats/barley
Hay
Lupins
Total
/animal
0 kg/wether
0 kg/wether
0 kg/wether
$/tonne
200
140
200
Total
$0
$0
$0
$0
MERINO WETHERS - PASTORAL ZONE
SENSITIVITY TABLE
GROSSMARGIN/DSE
Average
Sale
Price($/hd)
$65
$70
$75
$80
$85
$90
$95
$100
$105
$110
$115
400
$3
$4
$5
$5
$6
$7
$7
$8
$9
$9
$10
AverageGreasyWoolPrice(c/Kg)
500
600
708
$9
$14
$20
$9
$15
$21
$10
$16
$22
$11
$16
$22
$12
$17
$23
$12
$18
$24
$13
$18
$24
$14
$19
$25
$14
$20
$26
$15
$20
$26
$16
$21
$27
800
$25
$26
$27
$27
$28
$29
$29
$30
$31
$31
$32
900
$31
$31
$32
$33
$33
$34
$35
$36
$36
$37
$38
67
Farm Gross Margin Guide 2012
CLEANSKIN SHEEP - CEREAL ZONE (250 - 450mm)
Assumptions
Number of breeding ewes
Total DSE's
Stocking rate (DSE/Ha)
1000
2540
6.0
2012
YOUR
ESTIMATE
INCOME
$
Sales
GROSS INCOME
1109 animals
[aveprice
$121.48 perhd]
$0
$134,660
$134,660
VARIABLE COSTS
$0
Marking
Lambmarking
1150
Eartags
1150
Animal Health
drench
2775
vaccinate
3900
blowflycontrol
0
Licecontrol
0
Sale and Purchase Costs
Purchases
7
Freight
204
6
324
575
Stock selling charges
commission/insurance
yardfees
sheeptranlevy
lambtranslevy
SASheepindustry
1109
534
575
1109
Feed and other Costs
HandFeeding
Insurance
$334,057
Water
2540
Fuel
2540
Other
2540
TOTAL VARIABLE COSTS
GROSS MARGIN TOTAL
GROSS MARGIN/hectare
GROSS MARGIN /DSE
COMMENTS
lambs
lambs
@
@
$1.00 /head
$0.35 /head
$1,150
$403
sheep
sheep
sheep
sheep
@
@
@
@
$0.19
$0.20
$1.20
$0.83
/head
/head
/head
/head
$520
$780
$0
$0
rams
ewes
rams
hoggets
lambs
@
@
@
@
@
$850.00
$3.00
$3.00
$3.00
$
$3.00
/head
/head
/head
/head
/head
$5,950
$612
$18
$972
$ ,
$1,725
head
head
head
head
@
@
@
@
@
5.5%
$0.70
$0.20
$1.50
$0.40
gross
/head
/head
/head
/head
$7,406
$776
$107
$863
$443
$0
$0
value
DSE's
DSE's
DSE's
@
@
@
@
$2.00
$2.00
$0.70
$0.50
/$'000
/DSE
/DSE
/DSE
$8,750
$668
$5,080
$1,778
$1,270
$39,271
$95,389
$225
$38
Assumesflockisfullywoolsheddingandthereforenoshearing,crutchingorlicecontrolcostsareincluded.
Assumesonlyonelambingperyear.
68
Farm Gross Margin Guide 2012
CLEANSKIN SHEEP - CEREAL ZONE
PRODUCTION DATA
Stockingrate(DSE/Ha)
TotalDSE's
SHEEPGRAZINGAREA
Numberofewesmated
Rampercentage
Agewetherssold(yrs)
Yearsramskept
Flockdeathrate
Averageweaningrate
6.0
2540
423
1000
2.5%
0.5
4
3%
115%
SALES
CullingRate(%pereachgroup)
Agegroup
Ewes
Wethers
0.5
0%
100%
1.5
58%
0%
2.5
5%
0%
3.5
5%
0%
4.5
5%
0%
5.5
5%
0%
6.5
100%
0%
Number
c.f.aewes
c.f.arams
ewehoggets
wetherlambs
TOTAL
204
6
324
575
1109
Price/hd
$90.00
$80.00
$180.00
$100.00
$121.48
Total
$18,360
$480
$58,320
$57,500
$134,660
STOCK HEALTH
Number
1000
575
0
1150
25
2750
$334 057
$334,057
DSE
Numberof
Animals
1000
1000
575
Fodder
Cost($/T)
$200
$140
$200
ewes
ewehoggets
wetherweaners
lambs
rams
TOTAL
Total Value
Total
Value
FEEDING
Feed
Oats/barley
Hay
Lupins
Total
1.8
1.2
0.8
0.0
2.0
2540
Numberoftimes
Drench
Vacc.
1
1
1
1
1
1
1
2
2
1
2775
3900
kg/
animal
24 /ewe
20 /ewe
10 /weaner
Blowfly
Lice
0
0
0
0
0
0
0
0
0
0
0
0
Total
cost($)
$4,800
$2,800
$1,150
$8,750
CLEANSKIN SHEEP - CEREAL ZONE
Thistableshowsthenumberofsheepineachagegroupatmating
AgeGroup
FLOCK STRUCTURE
Classof
Sheep
0.5y.o.
Ewes
575
Wethers
0
Rams
SENSITIVITY ANALYSIS
GROSSMARGIN/DSE
SalePrice
Lambs
($/hd)
$80
$85
$90
$95
$100
$105
$110
$115
$120
$125
$130
1.5y.o.
234
0
7
95
$24
$25
$26
$27
$28
$29
$30
$30
$31
$32
$33
2.5y.o.
216
0
6
3.5y.o.
199
0
6
4.5y.o.
183
0
6
AverageWeaningPercentage
105
115
$29
$33
$30
$34
$31
$35
$32
$36
$33
$38
$34
$39
$35
$40
$36
$41
$37
$42
$38
$43
$39
$44
125
$38
$39
$40
$41
$42
$44
$45
$46
$47
$48
$49
5.5y.o.
169
0
0
135
$42
$44
$45
$46
$47
$49
$50
$51
$52
$54
$55
6.5y.o.
0
0
0
145
$47
$48
$50
$51
$52
$54
$55
$56
$58
$59
$60
69
Farm Gross Margin Guide 2012
BEEF CATTLE - HIGH RAINFALL
Assumptions:
Breeding Cow
Calf Weaning
Herd Deaths
Cows c.f.a
Uses
Carry over calf
Weaned @
Heifers mated @
Stocking rate
Area required
Feeds
15
90%
3%
10
13
8
8
15
10
189
35
(Breeding young cattle for local trade, grass fattened)
DSE
100 Cow breeding herd
13 cows replaced per year
3% Bulls bought for
$4,000
years old
sold for
$1,200
heifers as replacements
after
3 years
DSE
40% carryover to heavier weights
months
6 months extra carry over
months
1891 Herd DSE
DSE/ha
Drench cows
2 x
hectares
Drench calves
1 x
kg/DSE hay equivalent supplement
2012
INCOME
YOUR
ESTIMATE
Stocksales
Culls
54
22
10
1
vealers@
yearlings
Cows@
bull@
280 kgliveweight@
420 kgliveweight@
550 kgliveweight@
$2.00 /kgL/W
$1.80 /kgL/W
$1.40 /kgL/W
GROSS INCOME
VARIABLE COSTS
Bull Purchases
No.ofbulls
Veterinary & Medicines
Drench-cows2xcalves1x
EarTagsNLIS
LiceTreatments
Vaccine(5in1)
Supplementary Feed
Hay
Grain
Blocks/MineralMix
Sale costs and other
Insurance
Transport:
Lvstk
Transport:
Hay
Commission
Levies
TOTAL VARIABLE COSTS
1
$4,000.00 total
290
90
0
180
@
@
@
@
100
@
@
@
66 tonne
0.00 t/head
$119,000
@
87 head
@
66 tonne
@
@
@
$4.28
$4.90
$0.00
$1.20
$1,240
$441
$0
$216
$140.00 /tonne
$200.00 /tonne
$5.00 /head
$9,240
$0
$500
$2.00
$15.00
$0.00
5.5%
$5.00
/$1000
/head
/tonne
/head
GROSS MARGIN TOTAL
GMexcludescostofSuperphosphateapplicationwhichmayormaynotbeanannualexpense.
Livestockweightwillvarybetweencattlebreed,feedtypeandage
70
$4,000
/head
/tag
/dose
/dose
GROSS MARGIN PER COW
GROSS MARGIN/DSE
GROSS MARGIN/hectare
COMMENTS
$30,240
$16,866
$7,382
$1,200
$55,688
$238
$1,303
$0
$3,063
$434
$20,676
$35,012
$350
$18.52
$185.20
Farm Gross Margin Guide 2012
BEEF CATTLE - HIGH RAINFALL
GROSS MARGIN SENSITIVITY
PER COW
$/kg Liveweight(yearlings/steers)
Variable Costs
$1.50
$1.75
$2.00
$2.25
$2.50
60%
$93
$129
$165
$200
$236
65%
$118
$158
$198
$238
$278
70%
$144
$188
$232
$276
$320
75%
$169
$217
$265
$314
$362
Weaning
80%
$194
$247
$299
$352
$404
%
85%
$219
$276
$333
$389
$446
70
90%
$244
$305
$366
$427
$488
60
95%
$270
$335
$400
$465
$530
100%
$295
$364
$433
PER Ha
$503
$572
$/kg Liveweight(yearlings/steers)
100
90
$/Cow
80
50
40
30
$2.00
$2.25
$2.50
20
$68
$87
$106
$125
10
$84
$105
$126
$147
$76
$99
$123
$146
$169
0
$1.50
$1.75
60%
$49
65%
$63
70%
75%
$89
$115
$140
$166
$192
Weaning
80%
$103
$130
$158
$186
$214
%
85%
$116
$146
$176
$206
$236
90%
$129
$162
$194
$226
$258
95%
$143
$177
$212
$246
$280
100%
$156
$193
$229
$266
$303
Cost/cow
71
Farm Gross Margin Guide 2012
BEEF CATTLE - CEREAL ZONE
Assumptions:
Breeding Cow
Calf Weaning
Herd Deaths
Cows c.f.a
Uses
Carry over calf
Weaned @
Heifers mated @
Stocking rate
Area required
Feeds
14.5
85%
3%
10
13
8
8
15
5.00
388
35
(Breeding young cattle for local trade, grass fattened)
DSE
100 Cow breeding herd
13 cows replaced per year
3% Bulls bought for
$4,000
years old
sold for
$1,200
heifers as replacements
after
3 years
DSE
50% carryover to heavier weights
months
6 months extra carry over
months
1941 Herd DSE
DSE/ha
Drench cows
2 x
hectares
Drench calves
1 x
kg/DSE hay equivalent supplement
2012
INCOME
YOUR
ESTIMATE
Stocksales
Culls
43
29
10
1
vealers@
yearlings
Cows@
bull@
270 kgliveweight@
400 kgliveweight@
550 kgliveweight@
$2.00 /kgL/W
$1.80 /kgL/W
$1.40 /kgL/W
$52,134
GROSS INCOME
VARIABLE COSTS
Bull Purchases
No.ofbulls
Veterinary & Medicines
Drench-cows2xcalves1x
EarTags
Lice Treatments
Treatments
Vaccine(5in1)
Supplementary Feed
Hay
Grain
Blocks/MineralMix
Sale costs and other
Insurance
Transport:
Lvstk
Transport:
Hay
Commission
Levies
TOTAL VARIABLE COSTS
GROSS MARGIN TOTAL
GROSS MARGIN PER COW
GROSS MARGIN/DSE
GROSS MARGIN/hectare
COMMENTS
72
$22,950
$20,603
$7,382
$1,200
1
@
285
85
0
170
@
@
@
@
68 tonne
0.00 t/head
100
@
@
@
$117,250
@
82 head
@
68 tonne
@
@
@
$4,000 total
$4.28
$4.90
$0 00
$0.00
$1.20
$4,000
/head
/tag
/dose
/dose
$1,218
$417
$0
$204
$140.00 /tonne
$200.00 /tonne
$5.00 /head
$9,520
$0
$500
$2.00
$15.00
$0.00
5.5%
$5.00
/$1000
/km
/tonne
/head
$235
$1,226
$0
$2,867
$409
$20,595
$31,540
$315
$16.25
$81.25
Farm Gross Margin Guide 2012
BEEF CATTLE - CEREAL ZONE
GROSS MARGIN SENSITIVITY
PER COW
$/kg Liveweight(yearlings/steers)
$1.75
$2.00
$2.25
60%
$97
$134
$170
$206
$242
65%
$122
$163
$203
$244
$284
70%
$148
$192
$237
$281
$326
75%
$173
$222
$270
$319
$368
Weaning
80%
$198
$251
$304
$357
$410
%
85%
$223
$280
$337
$395
$452
90%
$248
$309
$371
$432
$494
95%
$273
$339
$404
$470
$535
100%
$298
$368
$438
PER Ha
$508
$577
Variable Costs
$2.50
120
100
80
$/Cow
$1.50
60
40
$/kg Liveweight(yearlings/steers)
$1.50
$1.75
$2.00
$2.25
60%
$25
$34
$44
$53
$2.50
$62
65%
$32
$42
$52
$63
$73
70%
$38
$50
$61
$73
$84
75%
$44
$57
$70
$82
$95
Weaning
80%
$51
$65
$78
$92
$106
%
85%
$57
$72
$87
$102
$116
90%
$64
$80
$96
$111
$127
95%
$70
$87
$104
$121
$138
100%
$77
$95
$113
$131
$149
20
0
Cost/cow
73
Farm Gross Margin Guide 2012
BEEF CATTLE - PASTORAL
Assumptions:
(Breeding young cattle for store trade)
Breeding Cow
15 DSE
100 Cow breeding herd
Calf Weaning
80%
Herd Deaths
3%
Cows c.f.a
10 years old
Uses
13 heifers as replacements
Carry over calf
8 DSE
Weaned @
8 months
13 cows replaced per year
3% Bulls bought for
after
$1,200
3 years
100% carryover to heavier weights
6 months extra carry over
Heifers mated @
15 months
Stocking rate
2.5 DSE/ha
Area required
899 hectares
Feeds
$4,000
sold for
2248 Herd DSE
Drench cows
0 x
Drench calves
0 x
20 kg/DSE hay equivalent supplement
2012
INCOME
YOUR
ESTIMATE
Stocksales
67 yearlings
360 kgliveweight@
$1.80 /kg
$43,416
Culls
10 Cows@
550 kglwt@
$1.35 /kg
$7,425
1 bull@
$1,000
$51,841
GROSS INCOME
VARIABLE COSTS
Bull Depreciation
Bullpurchase
1
@
$4,000 total
Drench
0
@
$4.28 /head
EarTags
80
@
$4.90
$
/tag
/
$4,000
Veterinary & Medicines
$0
$392
$
LiceTreatments
196
@
$0.00 /dose
$0
Vaccine(5in1)
160
@
$1.20 /dose
$192
Supplementary Feed
Hay
Grain
45 tonne
@
$140.00 /tonne
$6,300
0.00 t/head
@
$200.00 /tonne
$0
Sale costs and other
Insurance
$111,500
@
Transport:
Lvstk
78 head
@
Transport:
Hay
79 tonne
@
Commission
@
Levies
@
TOTAL VARIABLE COSTS
GROSS MARGIN TOTAL
GROSS MARGIN PER COW
GROSS MARGIN/DSE
GROSS MARGIN/hectare
COMMENTS
Feedcostsincludeanallowancefordroughtfodder.
Livestockweightwillvarybetweencattlebreed,feedtypeandage.
74
$2.00 /$1000
$15.00 /km
$0.00 /tonne
5.5%
$5.00 /head
$223
$1,170
$0
$2,851
$390
$15,518
$36,323
$363
$16.16
$40.39
Farm Gross Margin Guide 2012
BEEF CATTLE - PASTORAL
GROSS MARGIN SENSITIVITY
PER COW
$/kg LWT yearlings/steers)
$1.75
$2.00
$2.25
$183
$225
$267
$310
$352
65%
$210
$257
$303
$350
$397
70%
$237
$288
$339
$391
$442
75%
$264
$320
$375
$431
$487
Weaning
80%
$291
$351
$411
$472
$532
%
85%
$318
$383
$447
$512
$577
90%
$345
$414
$483
$553
$622
95%
$372
$446
$519
$593
$667
100%
$399
$477
$555
PER Ha
$634
$712
Variable Costs
$2.50
70
60
50
$/Cow
$1.50
60%
40
30
20
$/kg LWT (yearlings/steers)
$1.50
$1.75
$2.00
$2.25
$2.50
60%
$20
$25
$30
$34
$39
65%
$23
$29
$34
$39
$44
70%
$26
$32
$38
$43
$49
75%
$29
$36
$42
$48
$54
Weaning
80%
$32
$39
$46
$52
$59
%
85%
$35
$43
$50
$57
$64
90%
$38
$46
$54
$61
$69
95%
$41
$50
$58
$66
$74
100%
$44
$53
$62
$70
$79
10
0
Cost/cow
75
Farm Gross Margin Guide 2012
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Farm Gross Margin Guide 2012
FARM COSTS - 2012
Note: The below costs have been collected from a number of regional sources and should be seen as an approximate guide only. Costs will vary
depending on situation. Users of this publication should ascertain the relevance of these costs to their particular situation and make adjustments to gross
margin budgets if required.
SHEEP
LiceControl
Extinosad
Drench
Ivomec
Vaccine
3in1
6in1
$41.50
$0.83
$15.00
$0.19
$50.00
$0.20
$60.00
$0.24
$50.00
$1.20
$11.50
/litre
/20mldose
/litre
/12.5mldose
250ml
/1mldose
250ml
/1mldose
/litre
/24mldose
ea
BlowflyControl
Clik
Woolpacks
nylon
Shearing
Sheep
rams
shedlabour
woolclasser
superannuation
WorkCover-Allow
shedsundries
$261.13
$522.26
$195.24
$232.89
9.00%
4.00%
$0.15
Crutching
sheep
rams
$83.56 /100
$167.12 /100
lambmarking
mulesing/materials
markingonly
eartags
Stockpurchaces
purchaserams
purchase wethers
Stockselling
Sellwethers
freightsheep
freightlambs
freightbales
commission/insurance
yardfees
sheeptransactionlevy
lambtransactionlevy
SAsheepindustrylevy
woolbrokerage/testing
woollevy
BEEF
Drench(backline)
Genesis
7in1vaccine
/100
/100
/day
day
wages
total
/head
$1.30 /head
$1.00 /head
$0.35 /head
$850.00 /head
$80 00 /head
$80.00
$95.00
$3.00
$3.00
$8.00
5.5%
$0.70
$0.20
$1.50
$0.40
$0.22
2.0%
/head
/head
/head
/bale
$5.00 Pastoral
$5.00 Pastoral
$10.00 Pastoral
/head
/head
/head
/head
/kg
$171.00
$4.28
$150.00
$1.20
/litre
/25mldose
/250ml
2.5
TraceElementtreatments
HGPimplant
Vitamininjection
$3.00 /head
$1.75
$1.30
NLISBreederTags(incllevy)
$4.90 each
freightcattlein
freightcattleout
Catlelevy
FEED & OTHER COSTS
water
fuel
other
hay
FeedCerealgrain
lupins
$12.00 /head
$15.00 /head
$5.00 /head
$2.00
$0.70
$0.50
$140.00
$140 00
$200.00
$200.00
/DSE
/DSE
/DSE
/tonne
/tonne
/tonne
77
Farm Gross Margin Guide 2012
FARM COSTS - 2012
Note: The below costs have been collected from a number of regional sources and should be seen as an approximate guide only. Users of this
publication should ascertain the relevance of these costs to their particular situation and make adjustments to gross margin budgets if required.
CHEMICAL COSTS - HERBICIDES
S-metolachlor960g/L(Dual®Gold)
Trifluralin480g/L
Quizalofop(Targa®)
Metsulfuronmethyl
Diclofopmethyl500g/L(Hoegrass®)
Brodal®Options
Balance®
Chlorsulfuron750g/kg(Glean)
Clopyralid300g/L(Lontrel)
Lexone(Metribuzin750gm/kg)
Oxyfluorfen240g/L
M.C.P.A.LVE
Verdict®520
Reglone®
SimazineLiquid500g/L
Diuron900gma.i.granules
Bromoxynil/MCPA
2,4-DAmine(625g/l)
Achieve®WG
Supercharge
Talstar
T i ll
Tri-allate500g/L
00 /L
Dicamba500g/L
Broadstrike®
Atrazine(Gesaprim)
Tigrex®
Triasulfuron750g/kg(Logran)
Topik®EC
MCPAAmine(750g/L)
Select®
Gramoxone®
Glyphosate540g/L
Sprayseed®
SimazineGranules900g/kg
Terbyne750
BoxerGold
Affinity
CHEMICAL COSTS - ADJUVANTS
Uptake(Oil)
BS-1000(WETTER)
Surfactantcost(withAchieve)PerHa
OilCost
WetterCostperHa
CHEMICAL COSTS - INSECTICIDES
Dimethoate400g/L
Omethoate400g/L
Alpha-cypermethrin16g/L
Lambda-cyhalothrin(KarateZeon®)
Imidan
Maldison500g/L
Chlorpyrifos500g/L
78
$17.50
$7.60
$10.00
$0.12
$18.75
$56.00
$0.38
$0.12
$30.00
$0.05
$20.00
$10.75
$58.00
$24.00
$5.70
$11.70
$13.00
$5.00
$65.00
$7.25
$44.00
$12 40
$12.40
$31.00
$0.72
$8.00
$17.60
$0.08
$120.00
$9.25
$14.65
$6.70
$5.00
$11.00
$7.60
$21.00
$15.50
$169.00
$6.70
$6.00
$4.08
$2.51
$0.45
$10.00
$29.00
$7.00
$165.00
/litre
/litre
/litre
/gram
/litre
/litre
/gram
/gram
/litre
/gram
/litre
/litre
/litre
/litre
/litre
/kg
/litre
/litre
/kg
/litre
/litre
/li
/litre
/litre
/gram
/litre
/litre
/gm
/litre
/litre
/litre
/litre
/litre
/litre
/kg
/kg
/litre
/litre
/litre
/litre
Assume75l/ha@0.75%surf.
Assume75l/ha@0.5%oil
Assume75l/ha@0.1%surf.
/litre
/litre
/litre
/litre
$8.50 /litre
$10.00 /litre
24mls/ha
Lorsban
Farm Gross Margin Guide 2012
FARM COSTS - 2012
Note: The below costs have been collected from a number of regional sources and should be seen as an approximate guide only. Users of this
publication should ascertain the relevance of these costs to their particular situation and make adjustments to gross margin budgets if required.
CHEMICAL COSTS - FUNGICIDES
ApronXL350ES
Mancozeb750g/kg
VeteranC
Vitavax200FF
Baytan
ArmourC
P-PickelT
Carbendazim500g/kg
Tebuconazole430
Triadimefon125g/L
Propiconazole250g/L
Chlorothalonil500g/L
Prosaro
Amistar
Opus
CHEMICAL COSTS - TRACE ELEMENTS
Zincsulphate
Coppersulphate
Mangasulphate
$350.00
$10.00
$25.00
$30.00
$27.00
$30.00
$41.00
$22.00
$13.50
$8.70
$13.50
$21.00
$67.00
$55.00
$55.00
/litre
/kg
/kg
/kg
/kg
/kg
/litre
/kg
/litre
/litre
/litre
/litre
/litre
/litre
/litre
$1.45 /litre
$3.60 /litre
$1.45 /litre
FUEL COSTS
Totalprice-Diesel(GSTExc)
Rebate
NetPriceDiesel-$/litre
$1.30 /litre
$0.38 /litre
$0.92 /lbulkincludesrebate
FERTILISER COSTS
MAP10:22
DAP18:20
Urea
Superphosphate
DAP/MAP+2%Zn
Triplesuper0:20:0
DAP+Urea24:16
DAP+Urea28:13
DAP+Urea32:10
$780
$780
$620
$350
$840
$850
$762
$738
$714
/tonne
/tonne
/tonne
/tonne
/tonne
/tonne
/tonne
/tonne
/tonne
Cost/Tonne
cereals
$22.00
othercrops
$24.00
Pickling
cereals
$1.30
othercrops
$1.40
Cleaning
wheat
$21.00
barley
$23.00
peas
$24.00
Smuticide-Cereals
VeteranC
$25.00
Note-Assumesminimumstandardofapplicationforsmutsandbunts.Moreexpensiveoptionsavailable
whichmaygivesomecontroloffoliardiseases.Seek advice
GRAIN GRADING & PICKLING
Grading
Inoculant
Legumes
$18.00
SeedTreatment
P-PickleT
$82.00 /tonne
79
Farm Gross Margin Guide 2012
FARM COSTS- 2012
Note: The below costs have been collected from a number of regional sources and should be seen as an approximate guide only. Users of this
publication should ascertain the relevance of these costs to their particular situation and make adjustments to gross margin budgets if required.
STOCK RETURNS
WOOL-HighRainfall28mic70%Yield
-HighRainfall19.5mic70%Yld
-MedRainfall21mic68%Yield
-LowRainfall22mic63%Yield
-CrossbredRam32mic
2011 Average (Clean) Jan,2012 (Clean)
656
612
1466
1431
1311
1328
1250
1299
FREIGHT COSTS (as included in Gross Margins)
CANOLA
FERTILIZER
LENTILS
OTHERLEGUMEGRAINS
CEREALGRAINS
TRITICALE
HAY-OATEN
Cost/Tonne
$25.00
$20.00
$30.00
$25.00
$20.00
$25.00
$20.00
CONTRACT RATES (indicative only- will be highly variable depending on situation)
aerialspraying
$14.00 /hectare
Contractharvestingcereals,lowrainfall
$40.00 /hectare
Contractharvestingcereals,highrainfall
$60.00 /hectare
Contractharvestingpulse/canola,lowrainfall
$68.00 /hectare
Contractharvestingpulse/canola,highrainfall
$90.00 /hectare
Windrowing
$35.00 /hectare
Contractspreading
$32.00 /tonne
Contractspreading
$12.00 /tonne
Haymaking
Contractmowing-upto
$40.00 /hectare
Contractraking
$25.00 /hectare
Contractbaling(750kgsquarebales)
$20.00 /bale
Superconditioner(oatenhay)
$28.00 /hectare
80
Budget Base
(Clean)
620
1430
1320
1250
includescartage
excludescartage
Budget Base
(Greasy)
434
1001
898
787
250
Throughout 2012 the GRDC is working on
a number of fronts to increase grower and adviser
capacity in farm business management.
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south a
For Further inFormation on GrDC supporteD proFit
anD risk manaGement publiCations anD aCtivities visit
www.grdc.com.au/lowriskfarming
Rural Solutions SA is active in local,
regional and international markets and
is divided into seven key portfolios:
• PrimaryIndustries
• CommunityandSocialDevelopment
• SeedServices
• InternationalPrograms
• ManagingNaturalResources
• LandManagement
• BiosecurityandEmergency
Management
Within these defined portfolios, Rural Solutions
SA provides a broad range of professional
consulting services across economic,
environment and social dimensions.
Rural Solutions SA’s consulting services
include planning, project management, product
development, research trials, seed certification,
community liaison, extension, facilitating
change and development, emergency response
management, monitoring and flora and fauna
surveying.
Rural Solutions SA is based in Adelaide and
has a strong regional presence in 14 locations
across South Australia. Rural Solutions SA also
provides a range of services across Australia
in a number of regional and city locations and
across the globe in developing and developed
markets.
Rural Solutions SA has operated
since 1998 and has a rich history
of delivering regional services and
solutions to enhance the environment,
economy and rural communities at
a local, national and international
level. Rural Solutions SA is a State
Government owned business under the
Department of Primary Industries and
Regions of South Australia.
Contact us.
GRAIN INDUSTRY
R E S E A R C H U P D AT E
TArGeTed
reSeArch
The SA Grain Industry Trust invests more than $1.2 million a year in supporting
research crucial to the advancement of the SA grain industry with funds coming
from a 30c a tonne contribution on all grain delivered by SA grain growers.
In 2011 – 2012 SAGIT IS SupporTInG 27
projecTS IncludInG:
CereAlS
• Improving the heat stress
tolerance of wheat– Australian
Grain Technologies
• Improved cost effective wheat
and oat doubled haploids–
SARDI
• Improved noodle quality in
wheats for SA – University of
Adelaide
• Barley germplasm development
– SARDI
• Managing brome grass in
Mallee no-till systems – Rural
Solutions
• Identification and use of CCN
markers in oat breeding –SARDI
• Control of net blotch in barley
– YPASG
• Rhizoctonia control using
various approaches (2 projects)
– SARDI
• Matching seed source and
target environments to improve
production - SARDI
• Publication of the Sowing Guide
and Harvest Reports – SARDI
• Pre harvest sprouting risk
assessment in wheat – Rural
Solutions
PulSeS, OIlSeedS And
PASTureS
• Novel tools for control of pulse
pathogens– SARDI
• New vetch species for low
rainfall regions– SARDI
• Increasing lentil production
through better weed control –
SARDI
• Improving pea management
practices – SARDI
• Angel Strand medic, increasing
benefits to SA farmers – SARDI
• Disease management
workshops for pulse crops SARDI
OTher PrIOrITIeS
• Value of Feed Grains –
Productive Nutrition
• Benefits of free living nitrogen
fixing organisms - CSIRO
• Development of improved
strand medic lines - SARDI
• Increasing economic returns
from Precision Agriculture –
Precision Cropping Technologies
• Developing farming systems by
understanding the impact on
soil carbon– SARDI
• Updating root disease manual
and training courses– SARDI
• DNA assays for stubble
pathogens - SARDI
• Farm Gross Margins and
Enterprise Planning Guide for
SA – Rural Solutions
• Accurately predicting P fertilizer
rates – University of Adelaide
• Protocol for conducting on-farm
trails and demonstrations –
SARDI
South Australian Grain Industry Trust
TruSTeeS Of The
SA GrAIn InduSTry TruST
Peter Kuhlmann (Mudamuckla) –
Chair, Jim Heaslip (Appila),
Simon Ballinger (Wolseley) and
Linda Eldredge (Clare).
The trustees are assisted in
project allocation decisions by
SAFF nominees Peter McCormack
(Turretfield) and Tanya Morgan
(Jabuk), and Scientific Adviser Dr
Alan Dube.
Secretariat – Thomas Project
Services - Geoff Thomas
(Phone 0409 781 469)
www.sagit.com.au