2015 SMF Crop Team Final Presentation

2015

2014

Lakeland College Crop TechnologyStudent Managed Farm

General Manager & Assistant Manager

General Manager

Responsibilities:

Represent the Student Managed Farm

Chair meetings

Overseeing, managing and participating in day to day tasks

Help each team achieve specific goals

Assistant General Manager

Responsibilities:

Take minutes from meetings

Organize and record timesheets

Total harvest hours – 742 hours

Total SMF Hours as of today –1570

Fill in for General Manager when absent

Operations

Bin plan

Manage class groups

Make harvest decisions

Organize post-harvest activities

Organize grain movement

Roles and Responsibilities

Farm Summary

980 Seeded Acres

200 Silage Acres

120 Ducks Unlimited crop share

(College)

AL01 LC11 LC14

Silage TrochuBarley

Yield 21,520 lbs/ac

LC 01/03 Metcalfe Barley

76 Acres

Yield 6688 Total Bushels

LC 04/05

Trochu Barley

102 Acres


Swathed east side

LC 14 Trochu Barley

25 Acres


LC 17

Hard Red Spring Wheat

95 Acres


LC 18


80 Acres


LC 20 Hard Red Spring Wheat

109 Acres


LC 19 Canola L130

93 Acres


LC 12 Peas – Meadows

117 Acres


LC 10

Faba Beans– Snowbird

25 Acres


Truck Load Sheet

Inventory Spreadsheet

Farm Works Office

NDVI MAPYIELD MAPVARIABLE RATE MAP

College Equipment

CR 8090 Twin Rotary Combine

25 Foot Honey Bee Straight Cut Header

25 Foot Westward 9200 Swather

College Equipment

10” Farm King Auger Auger Tractor – Anything

but the old case 8” Electrical Screw Conveyer Rem Grain Vac 1960’s conventional scale

Chevy 3 ton Freightliner 3 ton Ford V10 F250 farm truck

Post Harvest Operations

Rented a Horsch Joker RT-370 Vertical Tillage tool

Rented a New Holland 4WD

Rented a heavy harrow

Fall Seeding – Winter Wheat

Winter Operations

Organize trucks and truckers to haul SMF grain

Checking bins for grain temperature

Move grain if needed

Bits and Bites

Breakdowns because of Alex Woodrow – 2

Parking brakes ruined – 1

Auger shear-pins replaced – 5

Bins filled “too full” – 1

Posts backed into – 1

Kellen and Sara’s winter barley trial

Cuss words when switching concaves– 84

Marketing

Manager

Record weekly prices (Futures, Basis, Cash Prices)

Help team members when making grain sales

Chair weekly meetings & prepare presentations


Team

Sell the SMF Crops commodities

Contact grain buyers

Record weekly prices (Futures ,Basis, Cash Prices )

Deliver samples to potential grain buyers

Watch daily market trends

Read market commentary

Give Productions team a market outlook when deciding on next years crop plan


93 acres grown on LC19

Variety: Invigor L130 (Bayer)

Average yield of 47 bu/ac

Canola

Canola Futures Market

Market was flooded off the combine

Gradual Increase in price throughout the winter

www.tradingcharts.com

Canola Cash Prices

$8.00$8.10$8.20$8.30$8.40$8.50$8.60$8.70$8.80$8.90$9.00$9.10$9.20$9.30$9.40$9.50$9.60$9.70$9.80$9.90

$10.00$10.10$10.20$10.30$10.40$10.50

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ADMLloydminister

CargillVermilion

RichardsonProvost

RichardsonPioneer Lavoy

RichardsonPioneerLamont

Canola Basis Tracking

-$0.40

-$0.20

$0.00

$0.20

$0.40

$0.60

$0.80

$1.00

CargillVermilion

ADMLloydminister

RichardsonProvost



Canadian Canola Ending Stocks

2.186

0.7070.588

2.363

0.611

1.291

16.1

4.4 4.2

14.5

3.9

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2010-11 2011-12 2012-13 2013-14 2014-15 2010-14

Ending Stocks Stocks/Use %

8.6

Million metric tonnes

Stocks as

percent of use

Marketed Prices

Delivery Quantity Buyer Breakeven $

SoldFor $

Gross income $

January 2015

Contracted in 2014

20t ADM

Lloydminster 6.04/bu 10.05/bu 4.01/bu

January 2015 42tADM


May 2015 37tADM


Canola Cash Prices

$8.00$8.10$8.20$8.30$8.40$8.50$8.60$8.70$8.80$8.90$9.00$9.10$9.20$9.30$9.40$9.50$9.60$9.70$9.80$9.90

$10.00$10.10$10.20$10.30$10.40$10.50

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ADMLloydminister

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RichardsonProvost



Marketed Prices

Delivery Quantity Buyer Breakeven $

SoldFor $

Gross income $

January 2015

Contracted in 2014

20t ADM


January 2015 42tADM


May 2015 37tADM


Market Outlook

Forward Contracting

Following Soybeans

Acres down

The weaker Canadian dollar

Trans-Pacific Partnership (TPP)

New crushing plant

Local bids

Total Crop Inventory

2014 Crop Harvested from LC 17,18, and 20

454.39MT (16681.5bu)

#2

14 – 14.5 protein

2013 Crop Harvested

87.56MT (3196.72bu)

#1

14.5 protein

HRSW Contracts To Date

Date made

Month of

Contract

Amount sold(MT)

Price ($/bu)

Price ($/MT)

Price after

freight($/MT)

Profit($/bu)

Sold to:

Oct 10 Nov 2014 132 6.47 237.73 227.73 1.27 Pioneer Lavoy

Dec 4 Apr 2015 126 6.72 246.91 236.91 1.53 Pioneer Lavoy

Jan 26 Apr 2015 120 6.07 223.03 223.03 1.16 ViterraVermilion

Jan 30 Jun 2015 80 6.39 234.79 224.79 1.21 Pioneer Lavoy

Mar 2 Jun 2015 70 6.11 224.51 214.51 0.93 Pioneer Lavoy

Market Futures

$/MT

$4.50

$5.00

$5.50

$6.00

$6.50

$7.00

Cash Prices – Hard Red Spring Wheat

Cargill Vermilion Viterra Vermilion

Richardson Provost Richardsons Pioneer Lavoy

-$2.00

-$1.50

-$1.00

-$0.50

$0.00

$0.50

$1.00

$1.50

$2.00$/b

u

Date

Hard Red Spring Wheat Basis

CargillVermilion

ViterraVermilion

RichardsonProvost

RichardsonsPioneer Lavoy

Targets set in December

Both targets were measured at 80MT at Richardson Pioneer in Lavoy, they were not picked up.

December 3rd 2014

Target set at 7.05

Second target set at 7.20

Note:

Current price was just shy of 7

Market Challenges

Wheat prices have been influenced by the previous crop year where 30% carryover has flooded the market

World wheat production was raised 1.7mmt from an already record of 725.03mmt. Increased production came from Argentina and Kazakhstan

0%

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2011 2012 2013 2014 2015 2011-2015

Million Metric Tonnes


Hard Red Spring Wheat Ending Stocks

World Ending Stocks

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2010-11 2011-12 2012-13 2013-14 2014-15 2010-14

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The Canadian Wheat Market will continue to struggle considering surplus has been an issue.

Quality issues overshadow total supplies.

There will be more Spring Wheat acres this year, as last year many acres were flooded.

3-5% more acres are projected for 2015 in Western Canada

Market Outlook

Barley

Light Barley from Flax Field

Good barley that didn’t make malt

Why the Barley Didn’t Make Malt

Protein 16.6%

Sales

Company Price ContactMade

DeliveryDate

Richardson Pioneer Lavoy

$3.90 Dec.17 / 126 mt May delivery

Local Farmer $2.25 N/A 200 mt N/A

Break even for barley off of LC 01 and 03 is $3.16

Approx. 19 ton left still to be marketed

Barley silage sold for 1.5 cent per pound

Barley Cash Prices

Ending Stocks

012345678910111213141516171819202122

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2010-11 2011-12 2012-13 2013-14 2014-15 2010-14

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Years


Barley Outlook

Seeded acres to be up 9%

Record low carry over and total supply

Domestic use down 6%

Export decrease to 5%

Faba Beans

Poor Germination in some areas from frost

Great crop for rotation purposes

Seeded acres on a steady incline

Faba Bean Seed Outlook

Seeded Acres in Alberta

Year Seeded Acres

2012 6,000

2013 25,000

2014 80,000

Projected 2015 160,000

Five local producers currently interested

Un-cleaned common seed in SK for $11/bu

Certified from Stamp Seeds for $15/bu

Currently selling SMF un-cleaned Faba beans for $9.50/bu

Sales

Edible

Must have 10% or less damage

Marketed through a pulse buyer

Price of $8 - $9

Feed

Great protein and energy

Feed price of $6.50 - $7.00

Markets for Faba Beans

The current market outlook is fragile

A relatively new crop to the area, with seeded acres sky rocketing

Markets slowly developing leaving risk of flooding the market

Market Outlook

High Pulse prices have pushed Faba bean prices up

By May/June pulse stocks in Canada very low

Ending Stocks

Projected Canadian flax acres up 15% to 1.7 million acres for 2015- 2016 crop year

Current Flax bids at $14.70

New Crop Bids 12.50

Analyst (Larry Weber) predict under $10.00 by harvest

Flax Market Outlook

0.37

0.295

0.1280.141

0.329

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2010-2011 2011-2012 2012-2013 2013-2014 2014-2015 5yraverage

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Crop Year

Canadian Flax Ending Stocks & Stock/Use Ratio

Canadian Flax Ending Stocks

Stocks/Use ( Expressed asPercentage)

Yellow Peas

$4.00

$5.00

$6.00

$7.00

$8.00

$9.00M

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$/ B

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Yellow Pea Cash Bids

Ag Value

Broker

Richardson

Provost

Richardsons

Pioneer Lavoy

Richardsons

Pioneer Lamont

Contracts

Elevator Name

Delivery Period

Amount Sold (MT)

Price Break EvenPrices

PriceAfter Break Evens

Date of Contract

Pioneer Lavoy

January 84MT $7.05/bu $259.05/MT $5.36/bu $1.69/bu October 10th, 2014

Pioneer Lavoy

January 44MT $7.35/bu $270.07/MT $5.36/bu $1.99/bu December 2nd, 2014

Pioneer Lavoy

April 20MT $9.01/bu $331.06/MT $5.36/bu $3.65/bu February 22nd, 2015

Canadian Field Pea Ending Stocks

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Stocks asPercent of

Use

Million Metric Tonnes

Ending Stocks Stocks to Use %

Canada is the leading global supplier with nearly 20 percent of global yellow peas trade

General dry pea seeded acres are expected to rise because of higher potential returns compared to other crops

Canadian dollar is falling, compared to the US dollar, which provides Canadian sales to export at higher commodity prices for growers

New crop prices are hovering around $8.00/bu currently

Future Outlook on Peas

Finance

Manager:

Weekly meetingsTeam meetingsGeneral meetings

Team:

QuickBooks Cost and Returns Excel SheetFiling all SMF filesCreate a projected budget


Expenses

34%

15%13%

10%

8%

7%

5%4%

2% 2%Opportunity Cost

Fertilizer

Pesticides

Seed/Seed Treatment

Custom Spraying

Fuel

Equipment Rental

Crop Insurance

Hail Insurance

Other

Total Expenses: $263,072.40

Opportunity Costs

Total Amount $88,290 Land $49,050 Labour $9,810 Equipment Lease

Agreement $29,430

Fertilizer

Seed and Pesticides

Pesticides $33,451.46 Seed And Seed Treatment

$25,930.34

Cost to Break Even Prices

Projected Income 2014 - 2015

* Based on $275,160.73 and additional estimated trucking costs

Budgets

2015 – 2016 Projection

Crop Acres ProjectedYield

(Bushels per acre)

ProjectedExpenses(per acre)

Projected Market Price

Projected Income

(per acre)

Projected Profit

(per acre)

Peas 93 45 $194.17 $7.63 $343.35 $149.18

HRS Wheat

117 50 $177.94 $5.90 $295.00 $117.06

Winter Wheat

135 45 $145.98 $3.00 $135.00 -$10.98

ClearfieldCanola

97 50 $242.09 $9.65 $482.50 $240.41

RR Canola 76 50 $232.83 $9.65 $482.50 $249.67

Barley 102 60 $148.46 $5.27 $316.20 $167.74

Silage 146 21600 (pounds)

$106.91 $0.015(per lb.)

$324.00 $217.09

Flax 210 30 $169.27 $12.18 $365.40 $196.13

Productions

LC 12Joker

LC 14Heavy Harrow

Tillage Operations

Fall 2014 Tillage

LC 17Joker

LC 18Heavy Harrow

LC 20Heavy Harrow

AL 01Heavy Harrow

LC 1/3Joker

LC 10Joker

LC 20: 120 Acres

CDC Copeland

Fertilizer

50 – 30 - 20

Seeding Rate

120 lbs/acre

Malt Barley

Herbicide

In Crop Axial 100 EC

Momentum

MCPA

Fungicide

Headline

Malt Barley

LC 1/3: 76 acres

1012 Nexera Roundup Ready

Fertilizer

50-15-0-15

Seeding Rate

5 lbs/acre

Canola

Herbicide

Pre Seed – Cleanstart

In Crop - Roundup

Fungicide

Vertisan

Insecticide

Decis

Canola

LC 17- 97 acres

Brett Young 5535 Clearfield Canola

Fertilizer

100-15-0-20

Seeding Rate

5 lbs/acre

Canola

Herbicide


In Crop - Ares

Fungicide

Proline

Insecticide

Decis

Canola

LC 14, 18: 210 acres

Hanley Flax

Seeding rate

50 lbs/acre

Fertilizer

LC 14 30-15-15

LC 18 50-15-15

Flax

Herbicide


In Crop - Curtail M, Assure

Desiccant

Reglone

Flax

LC12: 117acres

Harvest Wheat from our Bins

Fertilizer

30-15-15

Seeding Rate

105 lbs/acre

Wheat

Herbicide

Pre Seed – Roundup/Express

In Crop – Simplicity/Prestige

Fungicide

(Quilt)

Wheat

AL01 – 135 acres (seeded September 14,15 and 16)

Moats Wheat

Fertilizer

70-20-15

1 lb copper

Winter Wheat

Winter Wheat

Herbicide

In Crop – Broadband/MCPA

Fungicide

Prosaro/Tilt

Silage Barley

LC 10,11,4/5 : 146 acres

Common barley seed

Fertilizer

40-15-20

Seeding Rate

120 lbs/acre

Herbicide

Pre Seed – Roundup

In Crop – Curtail M

Silage Barley

LC 19: 93 acres

CDC Meadow

Fertilizer Lbs/acre

3-15-0

Seeding Rate

195 lbs/acre

Yellow Peas

Herbicide

Pre Seed - Roundup/Heat

In Crop - Odyssey Ultra

Fungicide

Priaxor Vs. Delaro

Preharvest

Reglone

Yellow Peas

Research

Manager Role

Coordinate the use of college land for research

Create agenda for research meetings

Represent the research team at general meetings

Work with team players to accomplish goals

Team Player Roles

Attend general & research group meetings

In fall semester harvest industry trial plots

Moisture test and grade samples from combine

Attend steering committee meetings with local producers and industry representatives

Plan intensity trials for upcoming season

Richardson Wheat Trials

Harvested September 23, 2014

7 Varieties: 4 CWRS, 3 CPSR

Richardson Canola Trials

Harvested October 6th, 2014

6 varieties replicated twice

Soybean Trials

Five varieties grown on approximately 2/3 acre each

Dekalb: 23-10 RY, 23-60 RY, 22-60 RY

Norstar Genetics: Reston

Brett Young: Pekko

Seeded May 23rd, 2014

80lbs per acre

Did not reach maturity

Harvested on October 9, 2014

Dow AgroSciences

Crop Production Services

Brett Young

2015 Research Trials

Enhancing Crop Management Intensity Trials

http://www.google.ca/url?url=http://chone.marinebiodiversity.ca/members/forms-useful-downloads/nserc_logo_color.jpg/view&rct=j&frm=1&q=&esrc=s&sa=U&ei=T28LVeXaE9KHyASamIAw&ved=0CBUQ9QEwAA&usg=AFQjCNFCcwl3cHGDJdja_9y19yn6aDTbEA

http://www.google.ca/url?url=http://chone.marinebiodiversity.ca/members/forms-useful-downloads/nserc_logo_color.jpg/view&rct=j&frm=1&q=&esrc=s&sa=U&ei=T28LVeXaE9KHyASamIAw&ved=0CBUQ9QEwAA&usg=AFQjCNFCcwl3cHGDJdja_9y19yn6aDTbEA

Goal: To identify and compare three categories of farm management strategies or intensities, based on return on investments.

Purpose: To see if farming maximum intensity with maximum input costs will have a significant return and benefit

Student involvement

Field day/ Tours

Report on the results

Experimental Treatments 2014

(R. Baron, 2014)

Results

Yields 2014(R. Baron, 2014)

Producer Field: College SMFTreatment A Yield Bu/Acre: 60.5Treatment B Yield Bu/Acre: 60.7Treatment C Yield Bu/Acre: 59.9Significant Difference: No

Producer Field: Sherwood FarmsTreatment A Yield Bu/Acre: 67.4Treatment B Yield Bu/Acre: 65.9Treatment C Yield Bu/Acre: 69.0Significant Difference: No

Producer Field: Gundiwindi FarmsTreatment A Yield Bu/Acre: 67.1Treatment B Yield Bu/Acre: 67.8Treatment C Yield Bu/Acre: 62.6Significant Difference: Yes

Producer Field: McLaughlin Agri-VenturesTreatment A Yield Bu/Acre: 66.4Treatment B Yield Bu/Acre: 65.4Treatment C Yield Bu/Acre: 67.9Significant Difference: No

2015 Intensity Trials HRS Wheat

Public Relations

Roles And Responsibilities

Student Managed Farm representative to the public

Manage meetings each week with the Public Relation team

Delegate roles to each team member

Attend manager meetings

Event Management

Supper in the Field, Harvest Supper and Final Presentation

Organize contact information and send it out to the public

Informing first year students of planned events

Create PowerPoint presentations and videos to be displayed during events

Book venues and food for each event

Decorate

Display Bulletin Boards

Monthly update Design, pictures and information

Inventory management

Update weekly weather

Promotional Items

Write media releases and update our Twitter feed

Created event invitations and booklets

Worked with Focused SP on designing a logo

Ordered hats and hoodies for the class to hand out for promotional items

@LC_SMF_Crops

AB Pulse Growers

Bayer CropScience

Cargill

Crop Production Services

Ducks Unlimited

DuPont

Erickson Farms

Durlowe Farm

Gundiwindi Farms

Lindholm Seed Farms

McLaughlin Agri-Ventures

Richardson Pioneer

Sherwood Farms

Webb’s Crop Service

Webb’s Machinery

Western Ag Services

Thank You

2015 SMF Crop Team Final Presentation

Education

Transcript of 2015 SMF Crop Team Final Presentation