Farm Gross Margin and Enterprise Planning Guide

2021Farm Gross Margin and Enterprise Planning Guide A gross margin template for crop and livestock enterprises

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Farm Gross Margin and Enterprise Planning Guide 2021


A gross margin template for crop and livestock enterprises

y Provides representative gross margins for all major extensive crop and livestock enterprises across South Australia

y Compares the sensitivity of profit of enterprises to a change in production and price

y Includes a comprehensive list of major cropping and livestock input costs

A Rural Solutions SA publication

Sponsored by SAGIT and SIF

ISSN – 2207-2349 (Print)

ISSN – 2207-2357 (Online)

DisclaimerThis 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 Guide.

Published February 2021

SA Sheep Industry

Fund


Farm Gross Margin and Enterprise Planning Guide 2021The South Australian Grains Industry Trust (SAGIT), in association with the South Australian Sheep Industry Fund (SIF), the Department of Primary Industries and Regions (PIRSA) and the Grains Research and Development Corporation are pleased to produce this annual publication on expected Gross Margins for broadacre cropping and livestock enterprises in South Australia. It incorporates latest information on input and output pricing to give estimates of the relative profitability of different farm enterprises, as an aid to decision making in enterprise selection. With funding from SIF, the livestock and pasture gross margins have been reviewed and updated.

Each year farmers are confronted with an array of challenges brought on by the vagaries of weather, production and marketing. Although growing season rainfall in 2020 was close to average in many agricultural districts, dry conditions in June, July and the early part of September stressed crops in some districts, reducing yield potential. Good rainfall from mid-September through October increased yield potential in many districts but was too late to benefit crops in some early districts. Below average summer rainfall on most of Eyre Peninsula limited the opportunity to conserve soil moisture and patchy and late opening rains, limited early crop growth in some districts. In most eastern districts summer rains and above average rainfall in April enable crops to be sown on-time with good establishment. Dry conditions and numerous frost events, during June and July slowed crop growth with many being seriously stressed on heavier soil types in lower rainfall districts. Most crops recovered with good rain in August and September, however a frost in late September damaged crops in some low-lying frost prone areas in a number of districts. Although some of the worst affected areas were cut for hay most of these frosted areas were harvested, due to the lower demand for hay. Cattle and sheep meat prices have generally remained strong, however the dramatic fall in the wool price has impacted on merino flocks. The lack of pasture feed and the high cost of hay and grain impacted many livestock enterprises, in the first half of 2020.

There have been subtle but significant changes in crop diversity over the past decade. Traditionally, virtually all rotations in SA were cereal based, with wheat largely king. However, recently we have seen the emergence of the concept of wheat as a break crop to more valuable alternatives. Examples of this are canola on Lower Eyre Peninsula and lentils on Yorke Peninsula. Integral to this evolution has been the adoption of new and/or cheaper technologies such as herbicide tolerant varieties and cheaper fungicides.

The recent run of dry springs has tested the profitability of these ‘break crops’, particularly in the lower rainfall areas, with an increasing number of farmers reverting back to lower risk cereal crops and pastures.

The lifting of the moratorium on genetically modified organisms in South Australia, will allow producers to grow GM crops and particularly Roundup Ready canola. The economics of this will vary, however it will provide another weed management tool for growers.

It remains critical to assess the potential profitability of alternatives when making enterprise selection decisions. Clearly, while this remains an area for individual decision making for each farm business, it is also clear that tightening margins are driving the need for a more robust examination of the risks and rewards of the various alternatives.

We believe that a healthy examination of gross margins of alternative enterprises is an effective tool in assisting with the process. To this end, we are pleased to be involved in the evolution of the Excel based version of the Farm Gross Margin Guide. This tool has all the normal practices for enterprises pre-loaded into an editable version which can be quickly and easily adjusted to represent individual farmer circumstance. This allows the incorporation of individuals own beliefs and judgements in producing their relevant numbers to aid decision making.

In farm business management, the focus is on getting the most from existing land and assets. The partners in this publication have important roles in this process. The South Australian Grain Industry Trust (SAGIT) provides local solutions to local problems, investing more than $2 million each year in supporting SA centric grains research. The South Australian Sheep Industry Fund (SIF) supports programs that deliver benefit to South Australia’s sheep producers, investing over $4.6 million in these programs in 2020-21. Rural Solutions SA’s purpose is to assist primary industries and regions to grow, innovate and maximise their economic growth potential.


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.

The South Australian Grain Industry Trust and the Grains Research and Development Corporation has pleasure in partnering with PIRSA’s Rural Solutions SA and the South Australian Sheep Industry Fund to produce and distribute this guide as a valuable aid in your decision making.

Sheep Industry FundThe Sheep Industry Fund (SIF) is established by under the Primary Industry Funding Schemes Act 1998.

All sheep owners in South Australia contribute $0.67 per head to the Sheep Industry Fund when 5 or more sheep are sold for $5 per head or more. This contribution currently comprises:

� a general contribution of $0.55 � a dog fence rebuild contribution of $0.12.

The SIF is invested in programs that deliver benefit to South Australian sheep producers. Current investment priorities include:

� Animal Health � Traceability � Predator Control � Advocacy � Industry Development

More information can be found at https://livestocksa.org.au/sheep-industry-fund-sif/.

IMPORTANT NOTE: An editable Excel version of this guide has been produced which allows easy adjustments of these Gross Margins to individual circumstances. Please visit the SAGIT, GRDC or PIRSA websites to download the Excel version.

Max Young

Chairman, SAGIT

Ian Rowett

Chairman,SIF Board

Daniel Casement

Executive Director,Rural Solutions SA

SA Sheep Industry

Fund

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Get in touch today

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Seed Services Australia

pir.sa.gov.au/seeds

We provide premier seed testing and seed certification services to Australia’s seed and grain industries.

We can deliver:

Seed testing: Purity, germination, tetrazolium, moisture determination, and many other tests.

Certification: OECD, AOSCA, domestic schemes, SureSeed® Program, ISTA certificates and phytosanitary declarations.

Field inspection services.

Seed lot sampling training.

Receive your test results quickly via secure online access and email.

Get in touch today

Phone: 1300 928 170 Email: [email protected]

Seed Services Australia

pir.sa.gov.au/seeds


Contents Introduction .......................................................................................................................... 2

Using Gross Margins for Farm Planning ............................................................................. 4

Calculating Your Own Gross Margins ................................................................................. 5

Strategies for Maximising Returns from Individual Enterprises .......................................... 6

2021 Gross Margin Estimates ............................................................................................10

APW Wheat ............................................................................................................................. 12

Durum Wheat .......................................................................................................................... 14

Malting Barley .......................................................................................................................... 16

Feed Barley ............................................................................................................................. 18

Milling Oats .............................................................................................................................20

Triticale ....................................................................................................................................22

Export Oaten Hay .................................................................................................................... 24

Grain Vetch ..............................................................................................................................26

Lupins ......................................................................................................................................28

Red Lentils ..............................................................................................................................30

Red Lentils (Imi Tolerant)...........................................................................................................32

Field Peas ...............................................................................................................................34

Faba Beans .............................................................................................................................36

Chickpeas ...............................................................................................................................38

Canola – Conventional .............................................................................................................40

Canola – Triazine Tolerant .......................................................................................................42

Canola – Clearfield Hybrid ........................................................................................................44

Canola - Roundup Ready ........................................................................................................46

Sown Pasture Vetch ................................................................................................................48

Self-Regenerating Pasture .......................................................................................................50

Dry-land Lucerne Pasture ........................................................................................................52

Phalaris sub-clover Pasture ......................................................................................................54

Prime Lamb – High Rainfall ......................................................................................................56

SR Merino – High Rainfall .........................................................................................................58

Merino Wethers – High Rainfall .................................................................................................60

Lamb Trading – High Rainfall ....................................................................................................62

Prime Lamb – Cereal Zone .......................................................................................................64

SR Merino – Cereal Zone .........................................................................................................66

Merino Wethers – Cereal Zone .................................................................................................68

Cleanskin Sheep – Cereal Zone ............................................................................................... 70

Prime Lamb – Pastoral Zone .................................................................................................... 72

SR Merino – Pastoral Zone ....................................................................................................... 74

Merino Wethers – Pastoral Zone .............................................................................................. 76

Cleanskin Sheep - Pastoral Zone ............................................................................................. 78

Beef Cattle – High Rainfall ........................................................................................................80

Beef Cattle – Cereal Zone ........................................................................................................82

Beef Cattle – Pastoral Zone ......................................................................................................84

Beef Trading – High Rainfall ......................................................................................................86

Beef Feed Lot ..........................................................................................................................88Farm Costs ......................................................................................................................... 90

2 Farm Gross Margin and Enterprise Planning Guide 2021

Introduction"The key task of farm management is making choices between alternatives. Farm management analysis is about analysing those choices (and) encompasses considering alternative actions under risky and uncertain circumstances.” MALCOLM, B., MAKEHAM, J. AND WRIGHT, V. 2005, ‘THE FARMING GAME’, CAMBRIDGE UNIVERSITY PRESS.

The choice of enterprises within a farm system remains a complex decision with a range of possible scenarios. There is generally no best bet system - differences in climate, soil type, market access, labour and management all contribute to the need for land managers to negotiate a system which fits their individual needs. A general outcome being sort from the farming system is profit maximisation at an acceptable level of risk.

The gross margin for a farm enterprise is one measure of profitability that is a useful aid to enterprise planning. The calculation of Gross Margins can be the starting point for construction of cash flow budgets and assessment of whole farm profitability. They can also be used to assist in assessing the opportunity to develop new farm enterprises.

What are Gross Margins?Gross margin profit is the difference between the annual gross income for that enterprise and the variable costs directly associated with the enterprise.

In constructing gross margins, fixed (overhead) costs are ignored, as it is considered that they will be incurred regardless of the level of the enterprise undertaken.

The gross margin of different enterprises should not be compared if they have different overhead costs.

The direct comparison of Gross Margins is most useful when the various alternatives fit into the same part of the rotation e.g. the cereal or legume phase. The Gross Margins in this booklet have been grouped on this basis.

The base gross margins included in this book should be adjusted as required for commodity prices, yield, input costs and input items. These items vary considerably between different locations and different farm businesses.

Treatment of machinery - It is assumed that most machinery items (tractors, seeders, sprayers, harvesters etc.) are owned by the farm business. In each gross margin in this guide, the operating costs (fuel and repairs) have been included based on the number of machinery passes specified. No allowance is included in the gross margin for machinery ownership costs such as depreciation or opportunity cost of capital. When calculating enterprise profitability, these ownership costs need to be included. An alternative is to include all machinery costs at full contract rates.

y Compare the relative profitability of current farm enterprises, paddocks or rotations

y Estimate changes in enterprise profit caused by changes in price, cost or yields

y Pinpoint high cost or low income areas in the existing farm plan

y Evaluate the profitability of a re-organisation of the farm enterprise mix

3Farm Gross Margin and Enterprise Planning Guide 2021

Limitations of Gross MarginsThe gross margins prepared within this publication have been designed to represent ‘average case scenarios’ within the respective rainfall zones of South Australia. They should be treated strictly as a base guide only and adapted by users for their particular situations.

Gross margins are best used to compare enterprises that make use of the same resources on the property. They cannot be used where varying capital input is needed for an enterprise. Cropping and livestock gross margins can only be compared if all capital resources are already on the property.

Estimates of inputs and production can vary from what actually occurs. Although a crop might have the highest gross margin, it might be the most sensitive to variation. Commodity prices, seasonal conditions, pests and disease can significantly affect the eventual gross margin. Risk can be assessed by comparing gross margins calculated with varying values for an input.

Sensitivity analysis tables are included in the guide to help determine the impact on the gross margin of significant changes in yield and price. These tables assume input costs remain the same, however generally these will vary with changes in yield.

Agronomic information including chemical rates are provided as a guide only and exact agronomic recommendations will vary with location, soil type and a number of other factors.

Gross margins have been broadly delineated into production zones based on rainfall. Average annual rainfall zones have been classified as ‘Low Rainfall’ (<350 mm), ‘Medium Rainfall’ (350–400mm) and ‘High Rainfall’ (>400mm).

KEY POINTMake your own adjustments to the gross margins in this book using the Excel editable version


Using Gross Margins for Farm PlanningGross margins are just one component of a whole range of factors which go into enterprise selection for paddocks and zones on a farming property. There are other core characteristics of farming systems which potentially contribute to success over time. These include:

1. Appropriate level of income diversificationVirtually all cropping systems in South Australia involve some level of diversification. The traditional approach has been to include livestock although most farm systems in more favoured cropping locations have reduced or even removed livestock from the system. These areas tend to have a more diversified range of crop options than lower rainfall systems.

2. Adoption of right rotations, along with attention to detail“Right rotations pay- they don’t cost”. This catch cry from the Right Rotations initiative in the 1980’s continues to be relevant. Appropriate crop sequencing involves decisions around weed, disease and nutrition implications along with other considerations such as herbicide residues, carry-over of water from previous crops etc. There is also no substitute for good agronomy and/or livestock husbandry.

3. Understanding and acknowledging comparative advantageThis applies both to the business location and the technical and personal characteristics of business managers. Some crops are just not suitable to be grown in certain areas, and some people just should not run livestock! Understanding and working with variations in land capability across farms is important.

4. Meeting market requirementsOur mixed farming systems in SA have traditionally produced grain and livestock products which generally have had good demand and acceptance on world markets. The caveat here is that even though market acceptance is good, difficulties can arise when supply and demand get out of balance resulting in poor prices which test farm business profitability.

Gross Margins on their own do not make the decision on enterprise selection across the property. Each activity undertaken on a farming property will have an impact on other activities:

y Some may be complimentary such as cropping enterprises which provide a feed base to livestock through crop residues

y Crops planted in one year will have a rotational effect on subsequent crops (both positive (eg cereals on legumes) and negative (eg canola on canola)

For more information on the use of gross margin analysis, refer to the following GRDC publications:

Farm Financial Tool- Crop Gross Margin Budget

www.grdc.com.au/GRDC-FS-FFT-CropGrossMarginBudget

Farm Financial Tool- Livestock Gross Margin Budget

www.grdc.com.au/GRDC-FS-FFT-LivestockGrossMarginBudget


Calculating Your Own Gross Margins

The gross margins in this guide 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.

The gross margins shown in this publication are designed to represent a fair estimate of returns available from cropping and livestock enterprises across the cropping regions of South Australia using good management practices. However, clearly, expected outputs along with inputs (eg rates and types of fertiliser and weed control treatments) will vary depending on individual circumstances.

An Excel based editable version of the gross margins shown in this guide is available for download from the following websites:

www.pir.sa.gov.au/consultancy/farm_gross_margins_and_enterprise_planning_guide

www.sagit.com.au/publications/

www.grdc.com.au

Using the Excel version allows for easy adjustments of the pre-loaded information. Remember that these calculations are not meant to be an exact science - roughly right is better than precisely wrong! Use your own estimates when the values vary significantly from those included in the example.

Calculating the break-even yield needed to cover variable costs will give some indication of the riskiness or exposure of the particular enterprise. Remember, of course, that there are many other costs (in addition to the variable costs) which need to be covered before a profit is made. Such costs include overhead costs, depreciation, interest and labour and management. Reference to the sensitivity tables will provide further information on how the returns from the enterprise are expected to respond to a range of prices and yields.

2021 South Australian Crop Variety Sowing GuideThis guide, compiled by officers from SARDI and sponsored by SAGIT, PIRSA and GRDC provides information on appropriate varietal selection to maximise production and profitability from broadacre cropping and should be read in conjunction with this Farm Gross Margin Guide.

ARE YOU GROWING THE BEST VARIETY FOR YOUR SITUATION?

2021SOUTH AUSTRALIANCROP SOWING GUIDE SOUTH AUSTRALIA

NOVEMBER 2020


Strategies for Maximising Returns from Individual EnterprisesThis Gross Margins Guide aims to cover all broadacre cropping and grazing areas in South Australia. Circumstances obviously vary significantly across different regions. However, there are some rules of thumb and other resources which can provide guidance on decision making to aid in maximising returns from individual enterprises.

A national benchmarking study found that the superior profitability achieved by the Top 20% of producers is a function of four primary profit drivers:

1. gross margin optimisation, 2. developing a low cost business model, 3. people and management and 4. risk management

It is the interaction of these that results in very different profit outcomes and if one of these is overlooked it will compromise long term profit potential at some point.

Key cropping enterprise profit drivers

1. Operational timeliness y Across the full calendar year for all operations y This will leverages 10% to 15% more yield

2. Agronomy y Robust crop rotation and crop management y A disciplined approach to variable costs (less than 40% of turnover)

3. Machinery utilisation y 0.7 : 1 Machinery Investment : Income ratio or lower

4. Labour utilisation y Greater than $600,000 turnover per full time equivalent (FTE)

Storage of Out of Season Soil Water Provides the opportunity to significantly improve Water Use Efficiency and hence crop performance. The key to effective storage of soil moisture over the summer period is to get the soil water deep in the soil profile, below the zone subject to evaporation and then retain soil moisture through to seeding by control of summer weeds. Below average spring and/or summer rainfall will limit the opportunity to store soil moisture.

Lighter Mallee type soils

y Rainfall events above 40mm in December/January should result in some stored moisture with summer weed control

y Less than 40mm rainfall events may still warrant summer weed control for ease of seeding operations and nutrient retention (mainly N)

y There is a strong case to apply zero tolerance summer weed control policy on light soils with no sub-soil limitations

Heavier soils

y May require larger rainfall events (up to 100mm) in December/January to store soil moisture if soils are already very dry

y Smaller rainfall events from February onwards will warrant control of germinated weeds y Control of summer weeds earlier than February may also be dependent on other considerations e.g.

improved ease of sowing, low cost of control, nutrient retention


Maximising Time of Sowing BenefitsEarly seeding generally provides the most reliable yield outcome, particularly in low rainfall situations. However, frost prone areas have special considerations which need to be taken into account.

Sowing Opportunity with Early Break

Frost Risk Start Sowing

Low After mid April

Medium After 25th April

High After early May

y Sow at the optimum time, even in high frost risk areas. Use appropriate varieties to manage flowering time

y The yield loss from moisture and temperature stress during spring will usually be far greater than the damage caused by frost

y The most severe and damaging frosts are those associated with dry conditions in mid to late spring (black frosts), which can be devastating even to crops that have completed flowering

Ensuring Efficient Fertiliser PracticesFor more information on Better Fertiliser Decisions refer to the following GRDC factsheet, www.grdc.com.au/GRDC-FS-BFDCN

Aim to maintain soil nutrient status at appropriate levels to maximise sustainable and profitable production.

Phosphorous Replacement Levels

Crop Removal Removal plus losses #

Cereal grain 3 kg/t 4 kg/t

Pulses 4 kg/t 5 kg/t

Canola 7 kg/t 8 kg/t

Cereal hay 2 kg/t 2.5 kg/t

# higher rates may be required on calcareous / ironstone soils or those with moderate to low available P.

Reduce P application on soils with sub soil constrains when:

y Moderate to low stored soil moisture y And crop sown more than 3 weeks after the optimum sowing date.

N Fertiliser

Wide range of soil types, rotational histories and climatic conditions means that Nitrogen requirements of crops will vary considerably. Assess opening N supply (e.g. by using deep soil sampling) and then monitor yield and N requirements through models such as Yield Prophet® or the CSIRO developed Yield and N Calculator.

Refer www.yieldprophet.com.au

Micronutrients and trace elements

Micronutrient deficiencies can be tricky to diagnose and treat. By knowing your soil type, considering crop requirements and the season, and supporting this knowledge with diagnostic tools and strategies, effective management is possible.

Refer www.grdc.com.au/GRDC-FS-CropNutrition-Micronutrients


PestFactsPestFacts is a FREE electronic newsletter service, produced by SARDI, designed to keep growers and advisers informed about invertebrate pest-related issues and solutions as they emerge during the growing season. PestFacts issues warnings (or reminders) for a range of invertebrate pests of all broad-acre crops including pulses, oilseeds, cereals and fodder crops.

Refer www.pir.sa.gov.au/research/services/reports_and_newsletters/pestfacts_newsletter

LivestockThe following indicators are useful to measure the productivity and efficiency of your livestock enterprises over time or against similar businesses.

Key Livestock profit drivers

1. Sheep productivity y > 5kg clean wool/ ha/100mm rainfall = strong y > 15kg lamb dwt/ha/100mm rainfall

2. Cost of production y $ per kg clean wool y $ per kg lamb dwt y $ per kg beef dwt

3. Stocking rate y In areas with more than 350mm rainfall the use of improved pasture species and fertilisation y > 1.5 DSE's/ ha/100mm rainfall = strong for wool y > 2 DSE’s/ha/100mm rainfall = strong for prime lambs

4. Fertility and lamb/calf survival (weaning percentage)5. Labour productivity (DSE/labour unit)

South Australian farmers, their families and businesses impacted by adverse events such as bushfire and drought, can access help through the Family and Business Support Program (FaBS).

FaBS Mentors

FaBS Mentors are a team of experienced individuals that will listen and help you find ways to manage your situation. Mentors liaise with government and non-government service providers and can help provide connections to services including:

• funding and support measures available to primary producers

• financial counselling• local health networks• emotional wellbeing and counselling services• government and non-government assistance• community organisations and assistance.

Talking to a FaBS Mentor won’t cost you

Talking to a FaBS Mentor is free and confidential. They provide an informal, independent and understanding platform for farmers, their families or businesses affected by drought, bushfire or other adverse events.

If you or someone you know needs help, connect with a FaBS Mentor for a free, confidential chat.

Contact the team

Adelaide Hills

• Colleen White: 0409 388 649

Kangaroo Island

• Ros Willson: 0427 531 200• Tracie Heinrich: 0427 596 107• Albert Singh: 0400 443 108

Eyre Peninsula

• Steve Whillas: 0458 852 268

Murray Mallee and Riverland

• Robyn Cain: 0411 633 085• John Chase: 0419 848 672• Brent Fletcher: 0439 409 430

Northern Agricultural Areas

• Anthony North: 0409 398 435• Emma Scharkie: 0407 600 038• Judy Wilkinson: 0401 122 049• John White (also Pastoral) : 0447 787 436

Pastoral

• Anne Collins: 0427 486 115

Yorke Peninsula

• Kay Barlow 0417 807 993

Family and Business Support Program

This program is funded by the South Australian Government, and coordinated by Department of Primary Industries and Regions.

PIRSA Recovery Hotline: 1800 931 314 pir.sa.gov.au/fabs

South Australian farmers, their families and businesses impacted by adverse events such as bushfire and drought, can access help through the Family and Business Support Program (FaBS).

FaBS Mentors

FaBS Mentors are a team of experienced individuals that will listen and help you find ways to manage your situation. Mentors liaise with government and non-government service providers and can help provide connections to services including:

• funding and support measures available to primary producers

• financial counselling• local health networks• emotional wellbeing and counselling services• government and non-government assistance• community organisations and assistance.

Talking to a FaBS Mentor won’t cost you

Talking to a FaBS Mentor is free and confidential. They provide an informal, independent and understanding platform for farmers, their families or businesses affected by drought, bushfire or other adverse events.

If you or someone you know needs help, connect with a FaBS Mentor for a free, confidential chat.

Contact the team

Adelaide Hills

• Colleen White: 0409 388 649

Kangaroo Island

• Ros Willson: 0427 531 200• Tracie Heinrich: 0427 596 107• Albert Singh: 0400 443 108

Eyre Peninsula

• Steve Whillas: 0458 852 268

Murray Mallee and Riverland

• Robyn Cain: 0411 633 085• John Chase: 0419 848 672• Brent Fletcher: 0439 409 430

Northern Agricultural Areas

• Anthony North: 0409 398 435• Emma Scharkie: 0407 600 038• Judy Wilkinson: 0401 122 049• John White (also Pastoral) : 0447 787 436

Pastoral

• Anne Collins: 0427 486 115

Yorke Peninsula

• Kay Barlow 0417 807 993

Family and Business Support Program

This program is funded by the South Australian Government, and coordinated by Department of Primary Industries and Regions.

PIRSA Recovery Hotline: 1800 931 314 pir.sa.gov.au/fabs


2021 Gross Margin EstimatesThe tables below summarise the anticipated gross margins for all crops and livestock for 2021.

Commodity Prices Historical DataHistorical 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: 21/22 Forecast Grain Prices: Forecast grain prices for 21/22 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 pricing in the following table is on delivered end-user basis- e.g. Grain is delivered port basis (Adelaide).

Commodity Jan 2017 Jan 2018 Jan 2019 Jan 2020 Jan 2021 5 yr Average

2021 Estimate

APW Wheat ($/t) 220 240 390 330 280 292 285Durum ($/t) 305 310 397 450 375 367 380Malt Barley ($/t) 200 288 360 285 230 273 235Feed Barley ($/t) 160 225 330 265 225 241 230Milling Oats ($/t) 170 200 600 500 250 344 250Feed Oats ($/t) 150 180 500 400 215 289 230Triticale ($/t) 180 220 315 270 215 240 230Grain Vetch ($/t) 300 350 700 700 500 510 500Lupins ($/t) 230 270 550 450 300 360 350Lentils ($/t) 680 420 600 600 630 586 600Field Peas ($/t) 350 285 640 470 360 421 380Faba Beans ($/t) 270 315 900 590 345 484 400Chickpeas 6-8mm Kabuli ($/t) 1450 900 730 590 560 846 550Canola ($/t) 520 480 550 600 580 546 550Oaten Hay ($/t) 170 170 340 250 210 228 210

Low Medium High Pastoral Zone

Cereal Zone

High R/F Zone

APW Wheat 291 491 751 Prime Lambs 57 77 84Durum 270 605 967 Maternal Prime lambs 93Malt Barley 177 345 568 Merino breeders 44 64 69Feed Barley 172 336 554 Merino wethers 14 23 28Milling Oats 168 382 545 Cleanskin 58 71Triticale 124 283 445 Beef Cattle 39 39 41Oaten Hay 320 459 413 Beef Trading 19Grain Vetch 198 483 749 Beef Feed Lot $/hd 90Lupins 123 303 477Lentils 281 660 1,035Lentils- Imi Tolerant 207 510 823Field Peas 122 320 499Faba Beans 48 246 602Chickpeas (Kabuli) 91 224 387Canola- Conv 110 316 589Canola-TT 42 203 482Canola-Clear 72 246 519Canola- Roundup Ready 89 215 436Sown Pasture 151 321 540Self Regen Pasture 198 365 583Lucerne Pasture 223 389Phalaris sub clover Pasture 540

CROPPING

Enterprise $/dse

LIVESTOCK

Commodity $/ha


$0

$50

$100

$150

$200

$250

$300

$350

APW Whea

t

Durum

Malt Barl

ey

Feed Barl

ey

Milling Oats

Tritical

e

Oaten Hay

Grain V

etchLup

insLent

ils

Lentils-

Imi T

olerant

Field Peas

Faba B

eans

Chickpe

as (Kabuli)

Canola-

Conv

Canola-

TT

Canola-

Clear

Canola-

Roundup

…

Sown Past

ure

Self Reg

en Past

ure

GM

$/h

a

Cropping Gross Margin per Hectare Low Rainfall

$0

$10

$20

$30

$40

$50

$60

$70

Prime L

ambs

Materna

l Prim

e lambs

Merino

breeders

Merino

wethers

Cleanski

n

Beef C

attle

GM

$/d

se

Livestock Gross Margin per dse Pastoral Zone

Comparative returns between farm enterprises – Low Rainfall

Comparative returns between farm enterprises – High Rainfall

$0

$200

$400

$600

$800

$1,000

$1,200

APW Whea

t

Durum

Malt Barl

ey

Feed Barl

ey

Milling Oats

Tritical

e

Oaten Hay

Grain V

etchLup

insLent

ils

Lentils-

Imi T

olerant

Field Peas

Faba B

eans

Chickpe

as (Kabuli)

Canola-

Conv

Canola-

TT

Canola-

Clear

Canola-

Roundup

Ready

Sown Past

ure

Self Reg

en Past

ure

Lucerne P

asture

Phalaris

sub clo

ver Past

ure

GM

$/h

aCropping Gross Margin per Hectare

High Rainfall

$0$10$20$30$40$50$60$70$80$90

$100

Prime L

ambs

Materna

l Prim

e lambs

Merino

breeders

Merino

wethers

Cleanski

n

Beef C

attle

Beef T

rading

GM

$/d

se

Livestock Gross Margin per dse High Rainfall

Comparative returns between farm enterprises – Medium Rainfall

$0

$100

$200

$300

$400

$500

$600

$700

APW Whea

t

Durum

Malt Barl

ey

Feed Barl

ey

Milling Oats

Tritical

e

Oaten Hay

Grain V

etchLup

insLent

ils

Lentils-

Imi T

olerant

Field Peas

Faba B

eans

Chickpe

as (Kabuli)

Canola-

Conv

Canola-

TT

Canola-

Clear

Canola-

Roundup

Ready

Sown Past

ure

Self Reg

en Past

ure

Lucerne P

asture

GM

$/h

a

Cropping Gross Margin per Hectare Medium Rainfall

$0

$10

$20

$30

$40

$50

$60

$70

$80

$90

Prime L

ambs

Materna

l Prim

e lambs

Merino

breeders

Merino

wethers

Cleanski

n

Beef C

attle

GM

$/d

se

Livestock Gross Margin per dse Cereal Zone


APW Wheat

COMMENTS(1) Seed grading plus Smuts and Bunts(2) Aphid Treatment(3) Includes Oil @ 0.5%(4) Includes Surfactant at 0.1%

AGRONOMIC NOTESNitrogen requirements will vary depending on individual paddocks- seek advice.If targeting higher protein, additional N inputs will be required.

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $285 $285 $285Quality APW (Change Price for other grades)Yield (t/ha) 1.8 3.2 4.8GROSS INCOME $513 $912 $1,368

VARIABLE COSTS Rate/ha Rate/ha Rate/haCost Low $/ha Medium $/ha High $/ha

SeedSeed $0.33 /kg @ 60 $19.80 80 $26.40 100 $33.00Seed Treatment(1) $0.04 /kg @ 60 $2.27 80 $3.03 100 $3.79Seed Treatment(2) $9.84 /100 kg @ 60 $5.90 80 $7.87 100 $9.84LeviesGRDC Levies 1.0% Gross Income $5.13 $9.12 $13.68EPR & state levies $3.50 /tonne sold $6.30 $11.20 $16.80Fertiliser (Bulk)18:20:0 $600 /tonne @ 45 $27.00 70 $42.00 100 $60.00Flutriafol (on fert) $27.00 /litre @ 0.2 $5.40 0.2 $5.40 0.2 $5.40Urea $550 /tonne @ $0.00 100 $55.00 200 $110.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsTrifluralin 480g/L $8.50 /litre @ 1.5 $12.75 $0.00 $0.00Tri-allate 500g/L $11.50 /litre @ 1.6 $18.40 $0.00 2 $23.00Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Sakura $357.12 /kg @ $0.00 0.118 $42.14 0.118 $42.14Post-emergents Topik (3) $40.00 /litre @ 0.085 $7.06 0.085 $7.06M.C.P.A. LVE $11.25 /litre @ 0.5 $5.63 0.5 $5.63 0.5 $5.63Metsulfuron methyl(4) $0.06 /gm @ 5 $0.37 $0.00 $0.00Clopyralid 300g/L $37.50 /litre @ 0.075 $2.81 0 $0.00 0 $0.00Paradigm® (3) $0.51 /gm @ 25 $16.41 25 $16.41FungicidesEpoxiconazole 125g/L $50.00 /litre @ 0.5 $25.00 0.5 $25.00Amistar Xtra $12.50 /litre @ 0 $0.00 0.4 $5.00OperationsFuel & Oil $9.75 $11.70 $13.65Repairs & Maintenance $14.07 $16.88 $19.69Grain (t) $25.00 /tonne @ 1.8 $45.00 3.2 $80.00 4.8 $120.00Fertiliser (t) $25.00 /tonne @ 0.05 $1.13 0.17 $4.25 0.30 $7.50Contract WorkAerial spraying $15.00 /ha @ $0.00 $0.00 1 $15.00Urea spreading $8.50 /ha @ $0.00 1 $8.50 2 $17.00Insurance $9.00 /$1000 @ $4.62 $8.21 $12.3Other

TOTAL VARIABLE COSTS $222 $421 $617GROSS MARGIN/hectare $291 $491 $751Break Even Price (to cover variable costs only) $123 $132 $129Break Even Yield (to cover variable costs only) 0.78 1.48 2.17Gross Margin based on last 5 year average price $304 $513 $785

Gross Margin


0

50

100

150

200

250

300

350

400

450

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

$/to

nne

Year

APW 10.5% WHEAT HISTORIC PRICES (post harvest)

5 Year Average Price$292/tonne

Historic Prices and Trends

Gross Margin Sensitivity Variable CostsLOW RAINFALL

$185 $235 $285 $335 $3850.5 -$84 -$59 -$35 -$10 $14

Yield 1.2 $23 $82 $141 $200 $259t/ha 1.8 $115 $203 $291 $380 $468

2.5 $222 $345 $467 $590 $7133.5 $375 $547 $718 $890 $1,062

MEDIUM RAINFALL

$250 $275 $300 $325 $3501 -$96 -$71 -$47 -$22 $2

Yield 2 $121 $170 $219 $268 $317t/ha 3.2 $381 $460 $538 $617 $695

4 $555 $653 $751 $849 $9475 $771 $894 $1,017 $1,139 $1,262

HIGH RAINFALL

$250 $275 $300 $325 $3502.5 $88 $149 $210 $272 $333

Yield 3.5 $304 $390 $476 $562 $648t/ha 4.8 $586 $704 $822 $939 $1,057

5.5 $738 $873 $1,008 $1,143 $1,2776.5 $955 $1,114 $1,273 $1,433 $1,592

Cash Price $/t

Cash Price $/t

Cash Price $/t

0

20

40

60

80

100

120

140

160

180

200

Seed Fe

rt

Chemical

Fuel/R&M

Freight

Contracting

Other

$/ha

Low Medium High

Machinery Costs

Operation No. Fuel$/ha $/ha

seed 1 3.00 3.45 spray 6 3.29 2.04 harvest# 1 7.78 4.26 TOTAL 14.07 9.75

Repairs & Maint

# Rates are for low rainfall zone. Extra cost in higher yielding situations

Machinery Costs- Assuming full ownership of machinery(Fuel and repairs only- excludes depreciation and other ownership costs)


Durum

COMMENTSAssumes durum follows a legume crop or pasture.Price assumes Durum 13% is achieved(1) Seed grading plus Crown Rot (seedling infestations) and Smuts and Bunts(2) Aphid Control(3) Includes surfactant and/or oil

AGRONOMIC NOTESSome Durum varieties have a narrow safety margin with broadleaf herbicides. Seek advice. The effect is worse when the crop is under stress.

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $380 $380 $380Quality DR 1Yield (t/ha) 1.4 2.7 4GROSS INCOME $532 $1,026 $1,520

VARIABLE COSTS Rate/ha Rate/ha Rate/haCost Low Medium $/ha High $/ha

SeedSeed $0.45 /kg @ 80 $36.00 90 $40.50 110 $49.50Seed Treatment(1) $0.17 /kg @ 80 $13.36 90 $15.03 110 $18.37Seed Treatment(2) $9.84 /100kg @ 80 $7.87 90 $8.86 110 $10.82LeviesGRDC Levies 1.0% Gross Income $5.32 $10.26 $15.20EPR & state levies $3.50 /tonne sold $4.90 $9.45 $14.00Fertiliser (Bulk)Granulock Z $700 /tonne @ 45 $31.50 70 $49.00 100 $70.00Urea $550 /tonne @ 50 $27.50 150 $82.50 200 $110.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Trifluralin 480g/L $8.50 /litre @ 1 $8.50 $0.00 $0.00Tri-allate 500g/L $11.50 /litre @ 1.6 $18.40 $0.00 $0.00Boxer Gold $12.00 /litre @ $0.00 2.5 $30.00 $0.00Overwatch $30.30 /litre @ 1.25 $37.88Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Post-emergents MCPA LVE $11.25 /litre @ 0.5 $5.63 0.5 $5.63 0.5 $5.63Clopyralid 300g/L $37.50 /litre @ 0.075 $2.81 $0.00 $0.00Paradigm® (3) $0.51 /gm @ $0.00 25 $16.41 25 $16.41Metsulfuron methyl(3) $0.06 /gm @ 5 $0.37 $0.00 $0.00OperationsFuel & Oil $9.41 $11.29 $13.18Repairs & Maintenance $13.52 $16.22 $18.93Freight Grain (t) $25.00 /tonne @ 1.4 $35.00 2.7 $67.50 4.0 $100.00Fertiliser (t) $25.00 /tonne @ 0.10 $2.38 0.22 $5.50 0.30 $7.50Contract WorkAerial spraying $15.00 /ha @ $0.00 $0.00 $0.00Urea spreading $8.50 /ha @ $0.00 1 $8.50 2 $17.00Insurance $9.00 /$1000 @ $4.79 $9.23 $13.68Other


Gross Margin


LOW RAINFALL

$280 $330 $380 $430 $4800.8 -$15 $24 $63 $102 $141

Yield 1.4 $132 $201 $270 $338 $407t/ha 2 $280 $378 $476 $574 $672

2.8 $477 $614 $752 $889 $1,026MEDIUM RAINFALL

$280 $330 $380 $430 $4801.5 $45 $118 $192 $265 $339

Yield 2.7 $340 $473 $605 $737 $870t/ha 3.5 $537 $709 $880 $1,052 $1,224

4.5 $783 $1,004 $1,225 $1,445 $1,666HIGH RAINFALL

$280 $330 $380 $430 $4802 $82 $180 $278 $376 $474

Yield 3 $328 $475 $622 $770 $917t/ha 4 $574 $771 $967 $1,163 $1,359

6 $1,067 $1,361 $1,655 $1,950 $2,244

Net Price $/t

Net Price $/t

Net Price $/t

0

20

40

60

80

100

120

140

160

180

200

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rt

Chemical

Fuel/R&M

Freight

Contracting

Other

$/ha

Low Medium High

0

100

200

300

400

500

600

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

$/to

nne

Year

DURUM HISTORIC PRICES (post harvest)

5 Year Average Price $367/tonne

No. Fuel$/ha $/ha

seed 1 3.00 3.45 spray 5 2.74 1.70 harvest# 1 7.78 4.26 TOTAL 13.52 9.41

Machinery Costs- Assuming full ownership of machinery(Fuel and repairs only- excludes depreciation and other ownership costs)

# Rates are for low rainfall zone. Extra cost in higher yielding situations

Operation Repairs & Maint


Gross Margin Sensitivity Variable Costs

Machinery Costs


Malting Barley

COMMENTSAssumes barley follows wheat. Price assumes Malting grade is achieved which is high risk. Achieving feed grade would result in lower Gross Margin. Having to windrow barley will reduce GM by around 25/ha(1)Seed grading plus Smuts and bunts(2) Systiva Seed Dressing(3) Aphid Control(4) Includes surfactant and/or oil

AGRONOMIC NOTESUrea may not be required following a legume pasture or grain legume crop

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $235 $235 $235Quality MaltYield (t/ha) 1.8 3.2 4.8GROSS INCOME $423 $752 $1,128


SeedSeed $0.29 /kg @ 60 $17.10 75 $21.38 80 $22.80Seed Treatment(1) $0.04 /kg @ 60 $2.27Seed Treatment(2) $0.35 /kg @ 0 $0.00 75 $26.02 80 $27.76Seed Treatment(3) $9.84 /100kg @ 60 $5.90 75 $7.38 80 $7.87LeviesGRDC Levies 1.0% Gross Income $4.23 $7.52 $11.28EPR & state levies $4.30 /tonne sold $7.74 $13.76 $20.64Fertiliser (Bulk)18:20:0 $600 /tonne @ 45 $27.00 70 $42.00 100 $60.00Urea $550 /tonne @ 50 $27.50 100 $55.00 200 $110.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsTrifluralin 480g/L $8.50 /litre @ 1.5 $12.75Tri-allate 500g/L $11.50 /litre @ 1.6 $18.40Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Boxer Gold $12.00 /litre @ 2.5 $30.00 2.5 $30.00Post-emergents M.C.P.A. LVE $11.25 /litre @ 0.5 $5.63 0.5 $5.63 0.5 $5.63Metsulfuron methyl(4) $0.06 /gm @ 5 $0.37Clopyralid 300g/L $37.50 /kg @ 0.04 $1.50Paradigm® (4) $0.51 /gm @ 25 $16.41 25 $16.41FungicidesCogito $23.75 /litre @ 0.25 $5.94 $0.00 0.25 $5.94Amistar® $12.50 /litre @ 0.4 $5.00 0.4 $5.00OperationsFuel & Oil $9.41 $11.29 $13.18Repairs & Maintenance $13.52 $16.22 $18.93Freight Grain (t) $25.00 /tonne @ 1.8 $45.00 3.2 $80.00 4.8 $120.00Fertiliser (t) $25.00 /tonne @ 0.10 $2.38 0.17 $4.25 0.30 $7.50Contract WorkAerial spraying $15.00 /ha @ 0 $0.00 1 $15.00 1 $15.00Urea Spreading $8.50 /ha @ $0.00 1 $8.50 2 $17.00Insurance $9.00 /$1000 @ $3.81 $6.77 $10.2Other


Gross Margin


LOW RAINFALL

$135 $185 $235 $285 $3350.5 -$133 -$109 -$84 -$60 -$35

Yield 1.2 -$61 -$2 $57 $116 $174t/ha 1.8 $1 $89 $177 $266 $354

2.5 $73 $196 $318 $441 $5633.5 $176 $348 $519 $691 $863

MEDIUM RAINFALL

$135 $185 $235 $285 $3351 -$196 -$147 -$98 -$49 $0

Yield 2 -$93 $5 $103 $201 $299t/ha 3.2 $31 $188 $345 $502 $659

4 $113 $309 $506 $702 $8985 $216 $462 $707 $952 $1,197

HIGH RAINFALL

$135 $185 $235 $285 $3352.5 -$140 -$18 $105 $228 $350

Yield 3.5 -$37 $134 $306 $478 $649t/ha 4.8 $97 $332 $568 $803 $1,039

5.5 $169 $439 $709 $978 $1,2486.5 $272 $591 $910 $1,229 $1,547

Net Price $/t

Net Price $/t

Net Price $/t

0

20

40

60

80

100

120

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160

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rt

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Fuel/R&M

Freight

Contracting

Other

$/ha

Low Medium High

0

50

100

150

200

250

300

350

400

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

$/to

nne

Year

MALT BARLEY HISTORIC PRICES (post harvest)


Machinery Costs- Assuming full ownership of machinery(Fuel and repairs only- excludes depreciation and other ownership costs) Operation No. Fuel

$/ha $/ha seed 1 3.00 3.45 spray 5 2.74 1.70 harvest# 1 7.78 4.26 TOTAL 13.52 9.41# Rates are for low rainfall zone. Extra cost in higher yielding situations

Repairs & Maint



Machinery Costs


Feed Barley

COMMENTSAssumes barley follows wheatHaving to windrow barley will reduce GM by around $25/ha(1) Seed cleaning plus Smuts and bunts(2) Systiva Seed Dressing(3) Aphid Control(4) Includes surfactant and/or oil

AGRONOMIC NOTESUrea may not be required following a legume pasture or grain legume crop

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $230 $230 $230Quality BAR 1Yield (t/ha) 1.8 3.2 4.8GROSS INCOME $414 $736 $1,104


SeedSeed $0.27 /kg @ 60 $15.90 75 $19.88 80 $21.20Seed Treatment(1) $0.04 /kg @ 60 $2.27Seed Treatment(2) $0.35 /kg @ 75 $26.02 80 $27.76Seed Treatment(3) $9.84 /100kg @ 60 $5.90 75 $7.38 80 $7.87LeviesGRDC Levies 1.0% Gross Income $4.14 $7.36 $11.04EPR & state levies $2.50 /tonne sold $4.50 $8.00 $12.00Fertiliser (Bulk)18:20:0 $600 /tonne @ 45 $27.00 70 $42.00 100 $60.00Urea $550 /tonne @ 50 $27.50 100 $55.00 200 $110.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsTrifluralin 480g/L $8.50 /litre @ 1.5 $12.75 $0.00 $0.00Tri-allate 500g/L $11.50 /litre @ 1.6 $18.40Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Boxer Gold $12.00 /litre @ $0.00 2.5 $30.00 2.5 $30.00Post-emergents M.C.P.A. LVE $11.25 /litre @ 0.5 $5.63 0.5 $5.63 0.5 $5.63Metsulfuron methyl(4) $0.06 /gm @ 5 $0.37Clopyralid 300g/L $37.50 /kg @ 0.075 $2.81Paradigm® (4) $0.51 /gm @ 25 $16.41 25 $16.41FungicidesCogito $23.75 /litre @ 0.25 $5.94 $0.00 0.25 $5.94Amistar® $12.50 /litre @ 0.4 $5.00 0.4 $5.00OperationsFuel & Oil $9.41 $11.29 $13.18Repairs & Maintenance $13.52 $16.22 $18.93Freight Grain (t) $25.00 /tonne @ 1.8 $45.00 3.2 $80.00 4.8 $120.00Fertiliser (t) $25.00 /tonne @ 0.10 $2.38 0.17 $4.25 0.30 $7.50Contract WorkAerial spraying $15.00 /ha @ 0 $0.00 1 $15.00 1 $15.00Urea spreading $8.50 /ha @ $0.00 1 $8.50 2 $17.00Insurance $9.00 /$1000 @ $3.73 $6.62 $9.9Other


Gross Margin


LOW RAINFALL

$130 $180 $230 $280 $3300.5 -$135 -$110 -$86 -$61 -$37

Yield 1.2 -$65 -$6 $53 $112 $171t/ha 1.8 -$5 $83 $172 $260 $348

2.5 $65 $188 $310 $433 $5563.5 $165 $337 $509 $680 $852

MEDIUM RAINFALL Net Price $/t

$150 $200 $250 $300 $3501 -$178 -$129 -$80 -$31 $18

Yield 2 -$58 $40 $138 $236 $334t/ha 3.2 $85 $242 $399 $556 $713

4 $181 $377 $573 $769 $9665 $300 $546 $791 $1,036 $1,281

HIGH RAINFALL Net Price $/t

$150 $200 $250 $300 $3502.5 -$97 $25 $148 $270 $393

Yield 3.5 $22 $194 $366 $537 $709t/ha 4.8 $178 $413 $649 $884 $1,120

5.5 $261 $531 $801 $1,071 $1,3416.5 $381 $700 $1,019 $1,338 $1,656

Net Price $/t

0

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$/ha

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100

150

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250

300

350

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

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Year

FEED BARLEY HISTORIC PRICES (post harvest)




Repairs & Maint



Machinery Costs


Milling Oats

COMMENTSAssumes oats follows a cereal. If following a legume less N will be required.(1) Seed cleaning plus Smuts and bunts(2) Aphid treatment

AGRONOMIC NOTES

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $250 $250 $250Quality MillingYield (t/ha) 1.5 2.8 4GROSS INCOME $375 $700 $1,000


SeedSeed $0.50 /kg @ 50 $25.00 65 $32.50 80 $40.00Seed Treatment (1) $0.04 /kg @ 50 $1.89 65 $2.46 80 $3.03Seed Treatment (2) $9.84 /100kg @ 65 $6.40 80 $7.87LeviesGRDC Levies 1.0% Gross Income $3.75 $7.00 $10.00EPR & state levies $2.50 /tonne sold $3.75 $7.00 $10.00Fertiliser (Bulk)18:20:0 $600 /tonne @ 40 $24.00 60 $36.00 80 $48.00Urea $550 /tonne @ 50 $27.50 100 $55.00 180 $99.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsGlyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Dual Gold $12.00 /litre @ 0.5 $6.00 0.5 $6.00 0.5 $6.00Diuron $14.00 /kg @ 0.4 $5.60 0.4 $5.60 0.4 $5.60Post-emergentsMCPA Amine $12.75 /litre @ 0.5 $6.38 0.5 $6.38 0.5 $6.38FungicidesTebuconazole $9.75 /litre @ 0.145 $1.41 0.145 $1.41 $0.00Tazer® Xpert $23.75 /litre @ 0.75 $17.81OperationsFuel & Oil $9.75 $11.70 $13.65Repairs & Maintenance $14.07 $16.88 $19.69Freight Grain (t) $25.00 /tonne @ 1.5 $37.50 2.8 $70.00 4.0 $100.00Fertiliser (t) $25.00 /tonne @ 0.09 $2.25 0.16 $4.00 0.26 $6.50Contract WorkAerial sprayingUrea spreading $8.50 /ha @ $0.00 1 $8.50 2 $17.00Insurance $9.00 /$1000 @ $3.38 $6.30 $9.00Other


Gross Margin


LOW RAINFALL

$150 $200 $250 $300 $3500.5 -$99 -$75 -$50 -$26 -$1

Yield 1.5 $20 $94 $168 $241 $315t/ha 2.5 $140 $263 $385 $508 $631

3.5 $260 $431 $603 $775 $946MEDIUM RAINFALL

$150 $200 $250 $300 $3502 $11 $109 $207 $306 $404

Yield 2.8 $107 $244 $382 $519 $656t/ha 4 $251 $447 $643 $839 $1,035

5 $370 $615 $861 $1,106 $1,351HIGH RAINFALL

$150 $200 $250 $300 $3502 -$69 $29 $128 $226 $324

Yield 3 $51 $198 $345 $492 $640t/ha 4 $171 $367 $563 $759 $955

5 $290 $536 $781 $1,026 $1,271

Net Price $/t

Net Price $/t

Net Price $/t

0

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Seed Fe

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Fuel/R&M

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$/ha

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100

200

300

400

500

600

700

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

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Year

MILLING OATS HISTORIC PRICES (post harvest)




Repairs & Maint



Machinery Costs


Triticale

COMMENTSThis rate of fertiliser assumes triticale follows a cereal(1) Surfactant at 0.1%

AGRONOMIC NOTES

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $230 $230 $230QualityYield (t/ha) 1.4 2.6 3.7GROSS INCOME $322 $598 $851


SeedSeed $0.27 /kg @ 60 $16.20 80 $21.60 85 $22.95Seed Treatment $0.04 /kg @ 60 $2.27 80 $3.03 85 $3.22LeviesGRDC Levies 1.0% Gross Income $3.22 $5.98 $8.51EPR & state levies $3.00 /tonne sold $4.20 $7.80 $11.10Fertiliser (Bulk)18:20:0 $600 /tonne @ 40 $24.00 60 $36.00 80 $48.00Urea $550 /tonne @ 50 $27.50 100 $55.00 150 $82.50Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsTrifluralin 480g/L $8.50 /litre @ 1.5 $12.75 1.5 $12.75 1.5 $12.75Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Tri-allate 500g/L $11.50 /litre @ $0.00 1.6 $18.40 1.6 $18.40Post-emergentsMCPA LVE $11.25 /litre @ 0 0.5 $5.63 0.5 $5.63MCPA amine $12.75 /litre @ 0.5 $6.38 $0.00 $0.00Metsulfuron methyl(1) $0.06 /gm @ 5 $0.37 5 $0.37 5 $0.37Clopyralid 300g/L $37.50 /litre @ 0.04 $1.50 0.04 $1.50 0.04 $1.50FungicidesOperationsFuel & Oil $9.75 $11.70 $13.65Repairs & Maintenance $14.07 $16.88 $19.69Freight Grain (t) $25.00 /tonne @ 1.4 $35.00 2.6 $65.00 3.7 $92.50Fertiliser (t) $25.00 /tonne @ 0.09 $2.25 0.16 $4.00 0.23 $5.75Contract WorkAerial sprayingUrea spreading $8.50 /ha @ $0.00 1 $8.50 2 $17.00Insurance $9.00 /$1000 @ $2.90 $5.38 $7.66Other


Gross Margin


LOW RAINFALL

$130 $180 $230 $280 $3300.5 -$102 -$78 -$53 -$29 -$4

Yield 1 -$53 -$4 $45 $94 $144t/ha 1.4 -$13 $56 $124 $193 $262

2 $47 $145 $243 $341 $4393 $146 $294 $441 $588 $735

MEDIUM RAINFALL

$130 $180 $230 $280 $330 1 -$131 -$82 -$33 $16 $65

Yield 1.6 -$71 $7 $86 $164 $243t/ha 2.6 $28 $156 $283 $411 $538

3.2 $88 $245 $402 $559 $7164 $168 $364 $560 $756 $952

HIGH RAINFALL

$130 $180 $230 $280 $3301.5 -$137 -$64 $10 $83 $157

Yield 2.5 -$38 $85 $207 $330 $453t/ha 3.7 $82 $263 $445 $626 $808

4.5 $161 $382 $603 $823 $1,0445.5 $261 $531 $800 $1,070 $1,340

Net Price $/t

Net Price $/t

Net Price $/t

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TRITICALE HISTORIC PRICES (post harvest)




Repairs & Maint



Machinery Costs


Export Oaten Hay

COMMENTSPrice received is strongly related to yield. Fertiliser rate assumes hay follows a cereal. Bonuses for shedding and late delivery may apply. Additional capital costs including shedding and extra machinery may be needed.

AGRONOMIC NOTESThe use of a 'super conditioner' can significantly reduce drying time and subsequently risk with less chance of a quality downgrade. No allowance has been made for cost of raking. (1) Check with your export hay buyer, before applying.

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $250 $210 $170Quality Mixed gradesYield (t/ha) 3.20 5.50 8GROSS INCOME $800 $1,155 $1,360


SeedLeviesSeed $500.00 /tonne @ 90 $45.00 110 $55.00 130 $65.00Seed Treatment $0.00 /tonne @ 0 $0.00 0 $0.00Fertiliser (Bulk)18:20:0 $600 /tonne @ 60 $36.00 80 $48.00 110 $66.00Urea $550 /tonne @ 30 16.50$ 75 $41.25 150 $82.50Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsGlyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Post-emergentsDiuron $14.00 /Kg @ 0.4 $5.60 0.4 $5.60 0.4 $5.60MCPA Amine $12.75 /litre @ 0.5 $6.38 0.5 $6.38 0.5 $6.38Pre cutting-Glypho (1) $5.40 /litre @ 2 $10.80 2.5 $13.50 2.5 $13.50InsecticidesFungicidesPropiconazole 250g/L $29.00 /litre @ 0.35 $10.15 0.35 $10.15 0.35 $10.15OperationsFuel & Oil $7.03 $7.73 $8.43Repairs & Maintenance $8.39 $9.23 $10.07Freight Hay $30.00 /tonne @ 3.2 $96.00 5.5 $165.00 8.0 $240.00Fertiliser (t) $25.00 /tonne @ 0.09 $2.25 0.16 $3.88 0.26 $6.50Contract WorkHay mowing $50.00 /ha @ 1.0 $50.00 1.0 $50.00 1.0 $50.00Super Conditioner $25-40.00 /ha @ 1.0 $25.00 1.0 $30.00 1.0 $35.00Hay baling $25.00 /bale @ 3.2 $110.34 5.5 $189.66 8.0 $275.86Hay Accumulation $3.00 /bale @ 3.2 $13.24 5.5 $22.76 8.0 $33.10Insurance $2.50 /$1000 @ $2.00 $2.89 $3.40Other


Gross Margin


LOW RAINFALL

$210 $230 $250 $270 $2901.5 -$47 -$17 $13 $43 $73

Yield 2.5 $94 $144 $194 $243 $293t/ha 3.2 $192 $256 $320 $384 $448

4.5 $376 $465 $555 $645 $735MEDIUM RAINFALL

$170 $190 $210 $230 $2502 -$114 -$74 -$34 $6 $46

Yield 3.5 $37 $107 $177 $247 $317t/ha 5.5 $239 $349 $459 $569 $678

7.5 $441 $591 $741 $890 $1,040HIGH RAINFALL

$130 $150 $170 $200 $2304 -$150 -$70 $10 $129 $249

Yield 6 -$28 $92 $211 $391 $571t/ha 8 $94 $254 $413 $653 $892

10 $216 $416 $615 $914 $1,214

Net Price $/t

Net Price $/t

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OATEN HAY HISTORIC PRICES



$/ha $/ha seed 1 3.00 3.45 spray 6 3.29 2.04 roll 1 2.10 1.53 TOTAL 8.39 7.03# Rates are for low rainfall zone. Extra cost in higher yielding situations

Repairs & Maint



Machinery Costs


Grain Vetch

COMMENTSSeed is not treated with a fungicide or graded.(1) Cow pea aphid(2) Native budwormDo not exceed 800 ml/Ha Paraquat 250 when crop topping to avoid possible residue issues.

AGRONOMIC NOTESLexone (Metribuzin) not recommended on some varieties.Seek advice (also applies to using Diuron on vetch).Harvest and marketing difficulties are common with this crop.Vetch is a dual purpose crop and grain production following grazing is possible. This can markedly influence Gross Margin performance.

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $500 $500 $500Quality Morava vetchYield (t/ha) 0.8 1.5 2.2GROSS INCOME $400 $750 $1,100


Seed Seed $0.70 /kg @ 30 $21.00 40 $28.00 50 $35.00Seed Inoculant $0.05 /kg @ 30 $1.50 40 $2.00 50 $2.50LeviesGRDC Levies 1.0% Gross Income $4.00 $7.50 $11.00

Fertiliser (Bulk)MAP $600 /tonne @ 40 $24.00 60 $36.00 80 $48.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsMetribuzin 750 gm/kg $50.00 /kg @ 0.2 $10.00 0.25 $12.50 0.3 $15.00Trifluralin 480g/L $8.50 /litre @ 1.5 $12.75 2 $17.00 2 $17.00Tri-allate 500g/L $11.50 /litre @ $0.00 $0.00 $0.00Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Post-emergentsCletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Haloxyfop 520g/L $50.00 /litre @ 0.04 $2.00 0.08 $4.00Factor $0.16 /gm @ 180 $28.80Paraquat 250 (Topping) $4.95 /litre @ 0.8 $3.96 0.8 $3.96 0.8 $3.96InsecticidesDimethoate (1) $14.00 /litre @ 0.4 $5.60 0.4 $5.60 0.4 $5.60Karate Zeon® (2) $115.00 /litre @ 0.024 $2.76 0.024 $2.76 0.024 $2.76OperationsFuel & Oil $13.18 $15.82 $18.46Repairs & Maintenance $25.49 $30.58 $35.68Freight Grain (t) $30.00 /tonne @ 0.8 $24.00 1.5 $45.00 2.2 $66.00Fertiliser (t) $25.00 /tonne @ 0.04 $1.00 0.06 $1.50 0.08 $2.00Contract WorkAerial sprayingInsurance $12.00 /$1000 @ $4.80 $9.00 $13.20Other


Gross Margin


LOW RAINFALL

$400 $450 $500 $550 $6000.3 -$60 -$46 -$31 -$16 -$2

Yield 0.8 $120 $159 $198 $237 $277t/ha 1.2 $265 $323 $382 $441 $499

2 $554 $651 $749 $847 $945MEDIUM RAINFALL

$400 $450 $500 $550 $6000.5 -$25 $0 $24 $49 $73

Yield 1 $156 $205 $254 $303 $351t/ha 1.5 $336 $410 $483 $557 $630

2.5 $698 $820 $942 $1,064 $1,187HIGH RAINFALL

$400 $450 $500 $550 $6000.8 $29 $68 $107 $146 $185

Yield 1.5 $281 $355 $428 $501 $575t/ha 2.2 $534 $642 $749 $857 $965

3 $823 $970 $1,117 $1,263 $1,410

Net Price $/t

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VETCH HISTORIC PRICES (post harvest)



$/ha $/ha seed 1 3.00 3.45 spray 8 4.39 2.73 roll 1 2.10 1.53 harvest# 1 16.00 5.48 TOTAL 25.49 13.18# Rates are for low rainfall zone. Extra cost in higher yielding situations

Repairs & Maint



Machinery Costs


Lupins

COMMENTS(1) Seed treatment for aphid control for controlling viruses(2) RLEM(3) Native budwormDo not exceed 800ml/Ha when crop topping with Paraquat 250 to avoid any possible residue issues.

AGRONOMIC NOTES

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $350 $350 $350QualityYield (t/ha) 1 1.7 2.4GROSS INCOME $350 $595 $840


Seed Seed $0.45 /kg @ 90 $40.50 90 $40.50 90 $40.50Seed Inoculant $0.05 /kg @ 90 $4.50 90 $4.50 90 $4.50Seed Treatment(1) $12.30 /100kg @ 90 $11.07 90 $11.07 90 $11.07LeviesGRDC Levies 1.0% Gross Income $3.50 $5.95 $8.40EPR &state levies $2.80 /tonne sold $2.80 $4.76 $6.72Fertiliser (Bulk)MAP $600 /tonne @ 40 24 60 $36.00 80 $48.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsTrifluralin 480g/L $8.50 /litre @ 1.5 $12.75Propyzamide $29.75 /litre @ 1 $29.75 1 $29.75Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Simazine Granules $9.35 /kg @ 0.83 $7.76 0.83 $7.76 0.83 $7.76Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Post-emergentsCletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Haloxyfop 520g/L $50.00 /litre @ 0.04 $2.00 0.08 $4.00Factor $0.16 /gm 180 $28.80Paraquat 250 (Topping) $4.95 /litre @ 0.8 $3.96 0.8 $3.96 0.8 $3.96InsecticidesTalstar (2) $32.50 /litre @ 0.04 $1.30 0.04 $1.30 0.04 $1.30Karate Zeon® (3) $115.00 /litre @ 0.024 $2.76 0.024 $2.76 0.024 $2.76OperationsFuel & Oil $11.28 $13.54 $15.80Repairs & Maintenance $18.59 $22.30 $26.02Freight Grain (t) $30.00 /tonne @ 1.0 $30.00 1.7 $51.00 2.4 $72.00Fertiliser (t) $25.00 /tonne @ 0.04 $1.00 0.06 $1.50 0.08 $2.00Contract WorkAerial spraying $15.00 /ha @ $0 $0.00 $0.00Insurance $10.00 /$1000 @ $3.50 $5.95 $8.40Other


Gross Margin


LOW RAINFALL

$250 $300 $350 $400 $4500.5 -$81 -$56 -$32 -$7 $17

Yield 1 $25 $74 $123 $172 $221t/ha 1.5 $131 $205 $278 $352 $425

2 $237 $335 $433 $531 $629MEDIUM RAINFALL

$250 $300 $350 $400 $4500.5 -$118 -$94 -$69 -$45 -$20

Yield 1 -$12 $37 $86 $135 $184t/ha 1.7 $136 $219 $303 $386 $469

2 $200 $298 $396 $494 $592HIGH RAINFALL

$250 $300 $350 $400 $4501 -$56 -$7 $42 $91 $140

Yield 1.5 $50 $124 $197 $271 $344t/ha 2.4 $241 $359 $477 $594 $712

3 $369 $516 $663 $810 $957

Net Price $/t

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LUPINS HISTORIC PRICES (post harvest)




Repairs & Maint



Machinery Costs


Red Lentils

COMMENTS(1) Cow Pea and/or Blue Green Aphid(2) Native budworm(3/4) Etiella(5) Ascochyta(6/7) Grey mouldDo not exceed 800ml/Ha Paraquat 250 when crop topping to avoid possible residues

AGRONOMIC NOTESSome varieties more sensitive to Metribuzin than othersCheck newly released varieties for suitability to your area

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) 600 $600 $600Quality LR Jumbo2Yield (t/ha) 0.9 1.7 2.5GROSS INCOME $540 $1,020 $1,500


Seed Seed $0.60 /kg @ 45 $27.00 50 $30.00 55 $33.00Seed Inoculant $0.05 /kg @ 45 $2.25 50 $2.50 55 $2.75P-Pickel $68.00 /tonne $0.00 50 $3.40 55 $3.74LeviesGRDC Levies 1.0% Gross Income $5.40 $10.20 $15.00EPR &state levies $6.00 /tonne sold $5.40 $10.20 $15.00Fertiliser (Bulk)MAP $600 /tonne @ 40 $24.00 50 $30.00 60 $36.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsGlyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Propyzamide $29.75 /litre @ 1 $29.75 1 $29.75 1 $29.75Metribuzin 750 gm/kg $50.00 /kg @ 0.18 $9.00 0.24 $12.00 0.3 $15.00Post-emergentsDiflufenican $45.06 /litre @ 0.15 $6.76 0.15 $6.76 0.15 $6.76Cletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Haloxyfop 520g/L $50.00 /litre @ 0.04 $2.00 0.08 $4.00Factor $0.16 /gm 180 $28.80Paraquat 250 (Topping) $4.95 /litre @ 0.8 $3.96 0.8 $3.96 0.8 $3.96InsecticidesDimethoate (1) $14.00 /litre @ 0.4 $5.60 0.4 $5.60 0.4 $5.60Karate Zeon® (2) $115.00 /litre @ 0.024 $2.76 0.024 $2.76 0.024 $2.76Karate Zeon® (3) $115.00 /litre @ 0.024 $2.76 0.024 $2.76Trojan (4) $125.00 /litre @ 0.03 $3.75 0.03 $3.75 0.03 $3.75FungicidesChlorothalonil (5) $14.25 /litre @ 1.6 $22.80 2 $28.50Carbendazim (6) $12.75 /litre @ 0.5 $6.38 1 $12.75 1 $12.75Procymidone (7) $20.00 /litre @ 0.5 $10.00OperationsFuel & Oil $13.86 $16.64 $19.41Repairs & Maintenance $26.58 $31.90 $37.21Freight Grain (t) $35.00 /tonne @ 0.9 $31.50 1.7 $59.50 2.5 $87.50Fertiliser (t) $25.00 /tonne @ 0.04 $1.00 0.05 $1.25 0.06 $1.50Contract WorkAerial sprayingWindrowingInsurance $12.00 /$1000 @ $6.48 $12.24 $18.00Other

TOTAL VARIABLE COSTS $259 $360 $465GROSS MARGIN/hectare $281 $660 $1,035Break Even Price (to cover variable costs only) $288 $212 $186Break Even Yield (to cover variable costs only) 0.43 0.60 0.78Gross Margin based on last 5 year average price $268 $636 $1,000

Gross Margin


LOW RAINFALL

$500 $550 $600 $650 $7000.3 -$76 -$61 -$47 -$32 -$17

Yield 0.9 $193 $237 $281 $325 $369t/ha 1.1 $283 $336 $390 $444 $498

1.5 $462 $535 $608 $682 $755MEDIUM RAINFALL

$500 $550 $600 $650 $7000.8 $90 $129 $168 $208 $247

Yield 1.7 $493 $577 $660 $743 $826t/ha 2.2 $717 $825 $933 $1,040 $1,148

3 $1,076 $1,223 $1,369 $1,516 $1,663HIGH RAINFALL

$500 $550 $600 $650 $7001.2 $208 $267 $325 $384 $443

Yield 2 $566 $664 $762 $860 $958t/ha 2.5 $790 $913 $1,035 $1,157 $1,279

3.5 $1,238 $1,410 $1,581 $1,752 $1,923

Net Price $/t

Net Price $/t

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RED LENTILS HISTORIC PRICES (post harvest)

5 Year Average Price $586/tonne



Repairs & Maint



Machinery Costs


Red Lentils Imi Tolerant

COMMENTS(1) Includes Adjuvant(2) Cow Pea and/or Blue Green Aphid(3) Native budworm control(4/5) Etiella(6) Ascochyta (7,8) Grey mouldDo not exceed 800ml/Ha Paraquat 250 when crop topping to avoid possible residues

AGRONOMIC NOTESImazethapyr is a permit use.

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) 600 $600 $600Quality Small red- Nipper typeYield (t/ha) 0.8 1.5 2.2GROSS INCOME $480 $900 $1,320


Seed Seed $0.60 /kg @ 35 $21.00 40 $24.00 45 $27.00Seed Inoculant $0.05 /kg @ 35 $1.75 40 $2.00 45 $2.25P-Pickel $68.00 /tonne 0 $0.00 40 $2.72 45 $3.06LeviesGRDC Levies 1.0% Gross Income $4.80 $9.00 $13.20EPR &state levies $6.00 /tonne sold $4.80 $9.00 $13.20Fertiliser (Bulk)MAP $600 /tonne @ 40 $24.00 50 $30.00 60 $36.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsGlyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Propyzamide $29.75 /litre @ 1 $29.75 1 $29.75 1 $29.75Metribuzin 750 gm/kg $50.00 /kg @ 0 $0.00 0.24 $12.00 0.3 $15.00Post-emergentsIntervix® (1) $31.25 /litre @ 0.5 $18.16 0.75 $25.97 0.75 $25.97Cletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Haloxyfop 520g/L $50.00 /litre @ 0.04 $2.00 0.08 $4.00Factor $0.16 /gm 180 $28.80Paraquat 250 (Topping) $4.95 /litre @ 0.8 $3.96 0.8 $3.96 0.8 $3.96InsecticidesDimethoate (2) $14.00 /litre @ 0.4 $5.60 0.4 $5.60 0.4 $5.60Karate Zeon® (3) $115.00 /litre @ 0.024 $2.76 0.024 $2.76Karate Zeon® (4) $115.00 /litre @ 0.024 $2.76 0.024 $2.76 0.024 $2.76Trojan (5) $11.00 /litre @ 0.03 $0.33 0.03 $0.33 0.03 $0.33FungicidesChlorothalonil (6) $34.00 /litre @ 0.8 $27.20 1.6 $54.40 2 $68.00Carbendazim (7) $12.75 /litre @ 0.5 $6.38 1 $12.75 1 $12.75Procymidone (8) $20.00 /litre @ 0.5 $10.00OperationsFuel & Oil $13.86 $16.64 $19.41Repairs & Maintenance $26.58 $31.90 $37.21Freight Grain (t) $35.00 /tonne @ 0.8 $28.00 1.5 $52.50 2.2 $77.00Fertiliser (t) $25.00 /tonne @ 0.04 $1.00 0.05 $1.25 0.06 $1.50Contract WorkAerial sprayingWindrowingInsurance $12.00 /$1000 @ $5.76 $10.80 $15.84Other


Gross Margin


LOW RAINFALL

$500 $550 $600 $650 $7000.3 -$96 -$81 -$66 -$52 -$37

Yield 0.8 $128 $168 $207 $246 $285t/ha 1.1 $263 $317 $370 $424 $478

1.5 $442 $515 $589 $662 $735MEDIUM RAINFALL

$500 $550 $600 $650 $7000.8 $50 $89 $128 $167 $206

Yield 1.5 $364 $437 $510 $584 $657t/ha 2 $588 $685 $783 $881 $979

3 $1,036 $1,182 $1,329 $1,476 $1,622HIGH RAINFALL

$500 $550 $600 $650 $7000.8 -$19 $20 $59 $98 $137

Yield 1.5 $294 $368 $441 $514 $588t/ha 2.2 $608 $715 $823 $931 $1,038

3 $966 $1,113 $1,260 $1,406 $1,553

Net Price $/t

Net Price $/t

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RED LENTILS HISTORIC PRICES (post harvest)




Repairs & Maint



Machinery Costs


Field Peas

COMMENTS(1) Native budworm control (2) Pea weevil border spray (3) RLEM (4) Powdery Mildew

AGRONOMIC NOTES

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $380 $380 $380Quality Kaspa typeYield (t/ha) 1 1.7 2.5GROSS INCOME $380 $646 $950


SeedSeed $0.47 /kg @ 90 $42.30 100 $47.00 110 $51.70Seed Grading $30.00 /tonne @ 90 $2.70 100 $3.00 110 $3.30P-Pickel $68.00 /tonne @ $0.00 100 $6.80 110 $7.48Apron® XL $331.50 /tonne @ $0.00 $0.00 110 $36.47LeviesGRDC Levies 1.0% Gross Income $3.80 $6.46 $9.50EPR &state levies $3.00 /tonne sold $3.00 $5.10 $7.50Fertiliser (Bulk)MAP $600 /tonne @ 40 $24.00 60 $36.00 80 $48.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsPropyzamide $29.75 /litre @ 1 $29.75 1 $29.75 1 $29.75Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Metribuzin 750 gm/kg $50.00 /kg @ 0.18 $9.00 0.24 $12.00 0.3 $15.00Post-emergents Diflufenican $45.06 /litre @ 0.15 $6.76 0.15 $6.76 0.15 $6.76MCPA Amine $12.75 /litre @ 0.1 $1.28 0.1 $1.28 0.1 $1.28Cletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Haloxyfop 520g/L $50.00 /litre @ 0.04 $2.00 0.08 $4.00Factor $0.16 /gm 180 $28.80Paraquat 250 (Topping) $4.95 /litre @ 0.8 $3.96 0.8 $3.96 0.8 $3.96InsecticidesKarate Zeon® (1) $115.00 /litre @ 0.024 $2.76 0.024 $2.76 0.024 $2.76Karate Zeon® (2) $115.00 /litre @ $0.00 0.024 $0.92 0.024 $0.92Dimethoate (3) $14.00 /litre @ 0.1 $1.40 0.1 $1.40 0.1 $1.40Fungicides Tebuconazole (4) $20.00 /litre @ 0.145 $2.90 0.145 $2.90 0.145 $2.90OperationsFuel & Oil $13.52 $16.23 $18.93Repairs & Maintenance $26.03 $31.24 $36.45Freight Grain (t) $30.00 /tonne @ 1.0 $30.00 1.7 $51.00 2.5 $75.00Fertiliser (t) $25.00 /tonne @ 0.04 $1.00 0.06 $1.50 0.08 $2.00Contract WorkInsurance $16.00 /$1000 @ $6.08 $10.34 $15.20Other


Gross Margin


LOW RAINFALL

$300 $350 $380 $450 $5000.5 -$85 -$61 -$46 -$12 $12

Yield 1 $44 $93 $122 $190 $239t/ha 1.5 $174 $247 $291 $393 $466

2 $303 $401 $459 $596 $693MEDIUM RAINFALL

$300 $350 $380 $450 $5001 $6 $55 $84 $152 $201

Yield 1.7 $188 $270 $320 $436 $519t/ha 2 $265 $363 $421 $558 $655

2.5 $395 $517 $590 $760 $882HIGH RAINFALL

$300 $350 $380 $450 $5001.5 $45 $118 $162 $265 $338

Yield 2 $175 $272 $331 $467 $565t/ha 2.5 $305 $426 $499 $670 $792

3 $434 $580 $668 $872 $1,019

Net Price $/t

Net Price $/t

Net Price $/t

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700

2010 2011 2012 2014 2015 2016 2017 2018 2019 2020

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FIELD PEAS HISTORIC PRICES (post harvest)




Repairs & Maint



Machinery Costs


Faba Beans

COMMENTS(1) RLEM control (2) Native Budworm control (3) Cow pea aphid (4) Cercospora Mancozeb for Ascochyta. Procymidone and Carbendazim for chocalate spot

AGRONOMIC NOTESNo allowance is made in this gross margin as to the economic benefit of bean stubble to livestock.

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $400 $400 $400Quality Fie Grade 1Yield (t/ha) 0.8 1.6 2.8GROSS INCOME $320 $640 $1,120


Seed Seed $0.59 /kg @ 100 $59.00 110 $64.90 130 $76.70Seed Inoculant $0.05 /kg @ 100 $5.00 110 $5.50 130 $6.50LeviesGRDC Levies 1.0% Gross Income $3.20 $6.40 $11.20EPR &state levies $4.00 /tonne sold $3.20 $6.40 $11.20Fertiliser (Bulk)MAP $600 /tonne @ 40 $24.00 60 $36.00 80 $48.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsGlyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Propyzamide $29.75 /litre @ 1 $29.75 1 $29.75 1 $29.75Simazine 900g/kg $9.35 /kg @ 0.83 $7.76 0.83 $7.76 0.83 $7.76Post-emergents Cletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Haloxyfop 520g/L $50.00 /litre @ 0.04 $2.00 0.08 $4.00Factor $0.16 /gm 180 $28.80Paraquat 250 (Desiccant) $4.95 /litre @ 0.8 $3.96 0.8 $3.96 0.8 $3.96InsecticidesChlorpyrifos (1) $11.00 /litre @ 0.14 $1.54 0.14 $1.54 0.14 $1.54Karate Zeon® (2) $115.00 /litre @ 0.024 $2.76 0.024 $2.76 0.024 $2.76Dimethoate (3) $14.00 /litre @ 0.5 $7.00 0.5 $7.00 0.5 $7.00FungicidesTebuconazole(4) $20.00 /litre @ $0.00 0.3 $6.00 0.3 $6.00Mancozeb-low r/f $9.75 /kg @ 1.7 $16.58 0 $0.00 0 $0.00Mancozeb-Med/high $9.75 /kg @ 0 $0.00 5.1 $49.73 5.1 $49.73Procymidone $20.00 /litre @ $0.00 $0.00 0.5 $10.00Carbendazim 2 applic $12.75 /litre @ 0.5 $6.38 1 $12.75OperationsFuel & Oil $11.97 $14.36 $16.75Repairs & Maintenance $19.68 $23.62 $27.55Freight Grain (t) $30.00 /tonne @ 0.8 $24.00 1.6 $48.00 2.8 $84.00Fertiliser (t) $25.00 /tonne @ 0.04 $1.00 0.06 $1.50 0.08 $2.00Contract WorkAerial spraying $15.00 /ha @ $0.00 1 $15.00 1 $15.00Insurance $12.00 /$1000 @ $3.84 $7.68 $13.44Other


Gross Margin


LOW RAINFALL

$300 $350 $400 $450 $5000.4 -$134 -$114 -$95 -$75 -$56

Yield 0.8 -$30 $9 $48 $87 $126t/ha 1.5 $152 $225 $298 $372 $445

2 $281 $379 $477 $575 $672MEDIUM RAINFALL

$300 $350 $400 $450 $5001 -$66 -$17 $32 $81 $130

Yield 1.6 $90 $168 $246 $324 $403t/ha 2 $193 $291 $389 $487 $585

2.5 $323 $445 $568 $690 $812HIGH RAINFALL

$300 $350 $400 $450 $5001 -$139 -$90 -$41 $8 $57

Yield 2 $121 $218 $316 $414 $512t/ha 2.8 $328 $465 $602 $739 $876

4 $639 $835 $1,031 $1,226 $1,422

Net Price $/t

Net Price $/t

Net Price $/t

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-100

100

300

500

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900

1100

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

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FABA BEANS HISTORIC PRICES (post harvest)




Repairs & Maint



Machinery Costs


Chickpeas

COMMENTSSeed is inoculated with a Group N inoculant. Do not exceed 800ml/Ha Paraquat 250 when desiccating to avoid possible residue issues

AGRONOMIC NOTESAll commonly grown varieties are susceptible to Ascochyta. Requires diligent fungicide program to controlPrice is heavily dependant on grade and quality. Seek advice. May need to store product for up to 12 months before marketing

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $550 $550 $550Quality 6-8 mm KabuliYield (t/ha) 0.7 1.1 1.6GROSS INCOME $385 $605 $880

VARIABLE COSTS Rate/ha Rate/ha Rate/haSeed Cost Low $/ha Medium $/ha High $/haSeed $0.59 /kg @ 90 $53.10 100 $59.00 110 $64.90Seed Inoculant $50.00 /tonne @ 90 $4.50 100 $5.00 110 $5.50P-Pickel $68.00 /tonne @ 90 $6.12 100 $6.80 110 $7.48LeviesGRDC Levies 1.0% Gross Income $3.85 $6.05 $8.80EPR &state levies $5.50 /tonne sold $3.85 $6.05 $8.80Fertiliser (Bulk)MAP $600 /tonne @ 40 $24.00 60 $36.00 80 $48.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsPropyzamide $29.75 /litre @ 1 $29.75 1 $29.75 1 $29.75Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Balance® $0.16 /gram @ 75 $12.00 100 $16.00 100 $16.00Metribuzin 750 gm/kg $50.00 /kg @ 0.18 $9.00 0.24 $12.00 0.3 $15.00Post-emergentsCletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Haloxyfop 520g/L $50.00 /litre @ 0.04 $2.00 0.08 $4.00Factor $0.16 /gm 180 $28.80InsecticidesChlorpyrifos (RLEM) $11.00 /litre @ 0.14 $1.54 0.14 $1.54 0.14 $1.54Karate Zeon® $115.00 /litre @ 0.024 $2.76 0.024 $2.76 0.048 $5.52FungicidesAviator Xpro $54.50 /litre @ $0.00 0.6 $32.70 1.2 $65.40Chlorothalonil $14.25 /litre @ 2.0 $28.50 2.0 $28.50 2.0 $28.50Carbendazim $12.75 /litre @ 0.5 $6.38 0.5 $6.38 0.5 $6.38DesiccationParaquat 250 $4.95 /litre @ 0.8 $3.96 0.8 $3.96 0.8 $3.96OperationsFuel & Oil $11.97 $14.36 $16.75Repairs & Maintenance $19.68 $23.62 $27.55Freight Grain (t) $30.00 /tonne @ 0.7 $21.00 1.1 $33.00 1.6 $48.00Fertiliser (t) $25.00 /tonne @ 0.04 $1.00 0.06 $1.50 0.08 $2.00Contract WorkAerial spraying $15.00 /ha @ $0.00 $0.00 $0.00Windrowing $38.00 /ha @ $0.00 0 $0.00 0 $0.00Insurance $10.00 /$1000 @ $3.85 $6.05 $8.80Other


Gross Margin


LOW RAINFALL

$500 $600 $700 $800 $9000.4 -$80 -$41 -$2 $38 $77

Yield 0.7 $56 $125 $193 $262 $331t/ha 1.2 $284 $401 $519 $636 $754

1.8 $556 $733 $909 $1,085 $1,262MEDIUM RAINFALL

$500 $600 $700 $800 $9000.5 -$102 -$53 -$4 $45 $94

Yield 1.1 $170 $278 $386 $494 $602t/ha 1.8 $489 $665 $841 $1,018 $1,194

2.3 $716 $941 $1,167 $1,392 $1,617HIGH RAINFALL

$500 $600 $700 $800 $9001 $36 $134 $232 $330 $428

Yield 1.5 $263 $410 $557 $704 $851t/ha 1.6 $309 $465 $622 $779 $936

2.5 $718 $963 $1,208 $1,453 $1,698

Net Price $/t

Net Price $/t

Net Price $/t

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250

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1600

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CHICKPEAS HISTORIC PRICES (post harvest)




Repairs & Maint



Machinery Costs


Canola - Conventional

COMMENTS(1) Seed treated with insecticide and fungicide(2) Weedmaster DST registered for this purpose(3) Green Peach Aphid (4) Native Budworm-Low rainfall (5) DBM and Native Budworm

AGRONOMIC NOTESA 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. Assumes direct heading in low rainfall/yielding situations. Direct heading is becoming more widely used in all zones.In low rainfall situations, oil penalties may apply- conversely oil bonuses may be expected in high rainfall areas

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $550 $550 $550Quality 42% oilYield (t/ha) 0.8 1.5 2.2GROSS INCOME $440 $825 $1,210


Seed Seed (1) $28.00 /kg @ 1 $28.00 1.5 $42.00 2 $56.00LeviesGRDC Levies 1.0% Gross Income $4.40 $8.25 $12.10State levies $0.50 /tonne sold $0.40 $0.75 $1.10Fertiliser (Bulk)18:20:0 $600 /tonne @ 35 $21.00 55 $33.00 75 $45.00Flutriafol (on fert) $27.00 /litre @ 0.2 $5.40 0.2 $5.40 0.2 $5.40Urea $550 /tonne @ 50 $27.50 100 $55.00 150 $82.50SOA $400 /tonne @ 50 $20.00 50 $20.00 100 $40.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsGlyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Propyzamide $29.75 /litre @ 1 $29.75 1 $29.75 1 $29.75Trifluralin 480g/L $8.50 /litre @ 1.5 $12.75 2 $17.00 2 $17.00Post-emergentsHaloxyfop 520g/L $50.00 /litre @ 0.04 $2.00 0.04 $2.00 0.04 $2.00Cletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Clopyralid 300g/L $37.50 /litre @ 0.25 $9.38 0.25 $9.38 0.25 $9.38Glypho (pre-harvest) (2) $5.40 /litre @ 2 $10.80 2 $10.80 2 $10.80InsecticidesChlorpyrifos 500g/L $11.00 /litre @ 0.5 $5.50 0.5 $5.50 0.5 $5.50Talstar $32.50 /litre @ 0.04 $1.30 0.04 $1.30 0.04 $1.30Transform (3) $340.00 /litre @ 0.1 $34.00 0.1 $34.00 0.1 $34.00Karate Zeon® (4) $115.00 /litre @ 0.024 $2.76 0.024 $2.76 0.024 $2.76Affirm (5) $75.00 /litre @ 0 $0.00 0.3 $22.50 0.3 $22.50OperationsFuel & Oil $11.45 $13.75 $16.04Repairs & Maintenance $16.81 $20.17 $23.53Freight Grain (t) $30.00 /tonne @ 0.8 $24.00 1.5 $45.00 2.2 $66.00Fertiliser (t) $25.00 /tonne @ 0.135 $3.38 0.205 $5.13 0.325 $8.13Contract WorkAerial spraying $15.00 /ha @ $0.00 1 $15.00 1 $15.00Windrowing $38.00 /ha @ $0.00 1 $38.00 1 $38.00Insurance $12.00 /$1000 @ $5.28 $9.90 $14.52Urea spreading $8.50 /ha @ 1 $8.50 2 $17.00 2 $17.00Other


Gross Margin


LOW RAINFALL

$450 $500 $550 $600 $6500.3 -$173 -$158 -$144 -$129 -$114

Yield 0.8 $32 $71 $110 $149 $188t/ha 1.1 $155 $208 $262 $316 $370

1.5 $319 $392 $465 $539 $612MEDIUM RAINFALL

$450 $500 $550 $600 $6500.7 -$158 -$124 -$90 -$56 -$21

Yield 1.5 $169 $243 $316 $389 $463t/ha 2 $374 $472 $570 $668 $765

2.5 $579 $701 $823 $946 $1,068HIGH RAINFALL

$450 $500 $550 $600 $6501 -$118 -$69 -$20 $29 $78

Yield 1.5 $87 $161 $234 $307 $381t/ha 2.2 $374 $482 $589 $697 $804

3 $702 $848 $995 $1,142 $1,288

Net Price $/t

Net Price $/t

Net Price $/t

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CANOLA HISTORIC PRICES




Repairs & Maint



Machinery Costs


Canola - Triazine Tolerant

COMMENTS(1) Seed treated with insecticide and fungicide(2) Weedmaster DST registered for this purpose(3) Green Peach Aphid (4) Native Budworm (5) DBM and Native Budworm

AGRONOMIC NOTESA 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. Assumes direct heading in low rainfall/ yielding situations. Direct heading is becoming more widely used in all zones.In low rainfall situations, oil penalties may apply- conversely oil bonuses may be expected in high rainfall areas.

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $550 $550 $550Quality 42% oilYield (t/ha) 0.7 1.3 2GROSS INCOME $385 $715 $1,100


Seed Seed (1) $28.00 /kg @ 1.5 $42.00 2 $56.00 2.5 $70.00LeviesGRDC Levies 1.0% Gross Income $3.85 $7.15 $11.00State levies $0.50 /tonne sold $0.35 $0.65 $1.00Fertiliser (Bulk)18:20:0 $600 /tonne @ 35 $21.00 55 $33.00 75 $45.00Flutriafol (on fert) $27.00 /litre @ 0.2 $5.40 0.2 $5.40 0.2 $5.40Urea $550 /tonne @ 40 $22.00 80 $44.00 120 $66.00SOA $400 /tonne @ 50 $20.00 50 $20.00 100 $40.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsAtrazine (900 g/kg) $8.00 /kg @ 1.1 $8.80 1.1 $8.80 1.1 $8.80Trifluralin 480g/L $8.50 /litre @ 1.5 $12.75 2 $17.00 2 $17.00Glyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Propyzamide $29.75 /litre @ 1 $29.75 1 $29.75 1 $29.75Post-emergentsCletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Haloxyfop 520g/L $50.00 /litre @ 0.04 $2.00 0.04 $2.00 0.04 $2.00Clopyralid 300g/L $37.50 /litre @ 0.25 $9.38 0.25 $9.38 0.25 $9.38Glypho (pre-harvest) (2) $5.40 /litre @ 2 $10.80 2 $10.80 2 $10.80InsecticidesChlorpyrifos 500g/L $11.00 /litre @ 0.5 $5.50 0.5 $5.50 0.5 $5.50Talstar $32.50 /litre @ 0.04 $1.30 0.04 $1.30 0.04 $1.30Transform (3) $340.00 /litre @ 0.1 $34.00 0.1 $34.00 0.1 $34.00Karate Zeon® (4) $115.00 /litre @ 0.024 $2.76 0.024 $2.76 0.024 $2.76Affirm (5) $75.00 /litre @ 0 $0.00 0.3 $22.50 0.3 $22.50OperationsFuel & Oil $11.45 $13.75 $16.04Repairs & Maintenance $16.81 $20.17 $23.53Freight Grain (t) $30.00 /tonne @ 0.7 $21.00 1.3 $39.00 2 $60.00Fertiliser (t) $25.00 /tonne @ 0.125 $3.13 0.185 $4.63 0.295 $7.38Contract WorkAerial spraying $15.00 /ha @ $0.00 1 $15.00 1 $15.00Windrowing $38.00 /ha @ $0.00 1 $38.00 1 $38.00Insurance $12.00 /$1000 @ $4.62 $8.58 $13.20Urea spreading $8.50 /ha @ 1 $8.50 2 $17.00 2 $17.00Other


Gross Margin


LOW RAINFALL

$450 $500 $550 $600 $6500.3 -$190 -$175 -$161 -$146 -$131

Yield 0.7 -$26 $8 $42 $76 $111t/ha 1.1 $138 $191 $245 $299 $353

1.5 $301 $375 $448 $522 $595MEDIUM RAINFALL

$450 $500 $550 $600 $6500.7 -$170 -$135 -$101 -$67 -$33

Yield 1.3 $76 $140 $203 $267 $330t/ha 2 $363 $461 $558 $656 $754

2.5 $568 $690 $812 $934 $1,057HIGH RAINFALL

$450 $500 $550 $600 $6501 -$123 -$74 -$25 $24 $72

Yield 1.5 $82 $155 $228 $302 $375t/ha 2 $286 $384 $482 $580 $678

2 $286 $384 $482 $580 $678

Net Price $/t

Net Price $/t

Net Price $/t

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Repairs & Maint



Machinery Costs


Canola - Clearfield Hybrid

COMMENTS(1) Seed treated with insecticide and fungicide(2) Weedmaster DST registered for this purpose(3) Green Peach Aphid (4) Native Budworm(5) DBM and Native Budworm

AGRONOMIC NOTESA 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. Assumes direct heading in low rainfall/yielding situations. Direct heading is becoming more widely used in all zonesIn low rainfall situations, oil penalties may apply conversely oil bonuses may be expected in high rainfall areas.

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) $550 $550 $550Quality 42% oilYield (t/ha) 0.75 1.4 2.1GROSS INCOME $413 $770 $1,155


Seed Seed (1) $28.00 /kg @ 1 $28.00 1.5 $42.00 2 $56.00LeviesGRDC Levies 1.0% Gross Income $4.13 $7.70 $11.55State levies $0.50 /tonne sold $0.38 $0.70 $1.05Fertiliser (Bulk)18:20:0 $600 /tonne @ 35 $21.00 55 $33.00 75 $45.00Flutriafol (on fert) $27.00 /litre @ 0.2 $5.40 0.2 $5.40 0.2 $5.40Urea $550 /tonne @ 50 $27.50 100 $55.00 150 $82.50SOA $400 /tonne @ 50 $20.00 50 $20.00 100 $40.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsGlyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Trifluralin 480g/L $8.50 /litre @ 1.5 $12.75 2 $17.00 2 $17.00Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Propyzamide $29.75 /litre @ 1 $29.75 1 $29.75 1 $29.75Post-emergentsIntervix $31.25 /litre @ 0.4 $12.50 0.6 $18.75 0.6 $18.75Adjuvant $6.25 /litre @ 0.375 $2.34 0.375 $2.34 0.375 $2.34Cletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Clopyralid 300g/L $37.50 /litre @ 0.25 $9.38 0.25 $9.38 0.25 $9.38Glypho (pre-harvest) (2) $5.40 /litre @ 2 $10.80 2 $10.80 2 $10.80InsecticidesChlorpyrifos 500g/L $11.00 /litre @ 0.5 $5.50 0.5 $5.50 0.5 $5.50Talstar $32.50 /litre @ 0.04 $1.30 0.04 $1.30 0.04 $1.30Transform (3) $340.00 /litre @ 0.1 $34.00 0.1 $34.00 0.1 $34.00Karate Zeon® (4) $115.00 /litre @ 0.024 $2.76 0.024 $2.76 0.024 $2.76Affirm (5) $75.00 /litre @ 0 $0.00 0.3 $22.50 0.3 $22.50OperationsFuel & Oil $11.45 $13.75 $16.04Repairs & Maintenance $16.81 $20.17 $23.53Freight Grain (t) $30.00 /tonne @ 0.8 $22.50 1.4 $42.00 2.1 $63.00Fertiliser (t) $25.00 /tonne @ 0.135 $3.38 0.205 $5.13 0.325 $8.13Contract WorkAerial spraying $15.00 /ha @ $0.00 1 $15.00 1 $15.00Windrowing $38.00 /ha @ $0.00 1 $38.00 1 $38.00Insurance $12.00 /$1000 @ $4.95 $9.24 $13.86Urea spreading $8.50 /ha @ 1 $8.50 2 $17.00 2 $17.00Other


Gross Margin


LOW RAINFALL

$450 $500 $550 $600 $6500.3 -$186 -$171 -$156 -$142 -$127

Yield 0.75 -$2 $35 $72 $109 $145t/ha 1.1 $142 $196 $249 $303 $357

1.5 $306 $379 $452 $526 $599MEDIUM RAINFALL

$450 $500 $550 $600 $6500.7 -$177 -$143 -$109 -$75 -$40

Yield 1.4 $109 $178 $246 $315 $383t/ha 2 $355 $453 $551 $648 $746

2.5 $560 $682 $804 $927 $1,049HIGH RAINFALL

$450 $500 $550 $600 $6501 -$137 -$88 -$39 $10 $59

Yield 1.5 $68 $141 $215 $288 $362t/ha 2.1 $314 $417 $519 $622 $725

2.7 $560 $692 $824 $956 $1,088

Net Price $/t

Net Price $/t

Net Price $/t

0

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40

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Freight

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Other

$/ha

Low Medium High

0

100

200

300

400

500

600

700

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

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Repairs & Maint



Machinery Costs


Canola - Roundup Ready

COMMENTS(1) Price achieved will vary depending on markets(2) Treated with insecticide and fungicide(3) Sprayed under the windrow for weed management only(4) Green Peach Aphid (5) Native Budworm(6) DBM and NativeBudworm.

AGRONOMIC NOTESRR Technology expected to be available to SA growers in 2021. Growers must participate in a training session either online or face to face and sign a licence and Stewardship agreement before being able to purchase seed from an approved seed retailer. 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. Assumes direct heading in low rainfall/yielding situations. Direct heading is becoming more widely used in all zonesIn low rainfall situations, oil penalties may apply conversely oil bonuses may be expected in high rainfall areas.

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATEPrice (20/21 Forecast) (1) $500 $500 $500Quality 42% oilYield (t/ha) 0.75 1.4 2.1GROSS INCOME $375 $700 $1,050


Seed Seed (2) $35.00 /kg @ 1 $35.00 1.5 $52.50 2 $70.00Technology levy $8.90 /kg @ 1 $8.90 1.5 $13.35 2 $17.80LeviesGRDC Levies 1.0% Gross Income $3.75 $7.00 $10.50State levies $0.50 /tonne sold $0.38 $0.70 $1.05Fertiliser (Bulk)18:20:0 $600 /tonne @ 35 $21.00 55 $33.00 75 $45.00Flutriafol (on fert) $27.00 /litre @ 0.2 $5.40 0.2 $5.40 0.2 $5.40Urea $550 /tonne @ 50 $27.50 100 $55.00 150 $82.50SOA $400 /tonne @ 50 $20.00 50 $20.00 100 $40.00Chemicals-HerbicidesSummer Weed Control Various Allow $25.00 $25.00 $25.00Pre-emergentsGlyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Trifluralin 480g/L $8.50 /litre @ 1.5 $12.75 2 $17.00 2 $17.00Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Cletho 360g/L(incOil) $20.50 /litre @ 0 $0.00 0 $0.00 0.33 $10.42Post-emergentsRoundup Ready 540 $7.00 /litre @ 1.1 $7.70 2.3 $16.10 2.3 $16.10Glyphosate (pre-harvest) (3) $5.40 /litre @ 0 $0.00 1.2 $6.48 1.2 $6.48InsecticidesChlorpyrifos 500g/L $11.00 /litre @ 0.5 $5.50 0.5 $5.50 0.5 $5.50Talstar $32.50 /litre @ 0.04 $1.30 0.04 $1.30 0.04 $1.30Transform (4) $340.00 /litre @ 0.1 $34.00 0.1 $34.00 0.1 $34.00Karate Zeon® (5) $115.00 /litre @ 0.024 $2.76 0.024 $2.76 0.024 $2.76Affirm (6) $75.00 /litre @ 0 $0.00 0.3 $22.50 0.3 $22.50OperationsFuel & Oil $11.27 $13.53 $15.78Repairs & Maintenance $15.16 $18.20 $21.23Freight Grain (t) $30.00 /tonne @ 0.8 $22.50 1.4 $42.00 2.1 $63.00Fertiliser (t) $25.00 /tonne @ 0.135 $3.38 0.205 $5.13 0.325 $8.13Contract WorkAerial spraying $15.00 /ha @ $0.00 1 $15.00 1 $15.00Windrowing $38.00 /ha @ $0.00 1 $38.00 1 $38.00Insurance $12.00 /$1000 @ $4.50 $8.40 $12.60Urea spreading $8.50 /ha @ 1 $8.50 2 $17.00 2 $17.00Other


Gross Margin


LOW RAINFALL

$400 $450 $500 $550 $6000.3 -$147 -$132 -$118 -$103 -$88

Yield 0.75 $15 $52 $89 $125 $162t/ha 1.1 $141 $195 $249 $303 $357

1.5 $286 $359 $432 $506 $579MEDIUM RAINFALL

$400 $450 $500 $550 $6000.7 -$174 -$140 -$106 -$72 -$38

Yield 1.4 $78 $147 $215 $283 $352t/ha 2 $294 $392 $490 $588 $686

2.5 $475 $597 $719 $842 $964HIGH RAINFALL

$400 $450 $500 $550 $6001 -$166 -$117 -$69 -$20 $29

Yield 1.5 $14 $87 $161 $234 $307t/ha 2.1 $230 $333 $436 $538 $641

2.7 $447 $579 $711 $843 $975

Net Price $/t

Net Price $/t

Net Price $/t 0

20

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Other

$/ha

Low Medium High

0

100

200

300

400

500

600

700

2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

$/to

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Repairs & Maint



Machinery Costs


Sown Pasture Vetch

COMMENTSSeed is not treated with a fungicide or graded. (1) Cow pea aphid (2) RLEM

AGRONOMIC NOTES

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATECarrying Capacity (dry sheep equivalents winter grazed) 4 7 10

$64.00 $64.00 $69.00GROSS INCOME $256 $448 $690

VARIABLE COSTS Rate/ha Rate/ha Rate/haCost Low $/ha Medium $/ha High

Seed Seed $0.50 /kg @ 25 $12.50 35 $17.50 50 $25.00Seed Inoculant $0.05 /kg @ 25 $1.25 35 $1.75 50 $2.50Levies

$0.00 $0.00 $0.00

Fertiliser (Bulk)MAP $600 /tonne @ 40 $24.00 60 $36.00 80 $48.00Chemicals-HerbicidesPre-emergentsGlyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Trifluralin $8.50 /litre @ 1 $8.50 1 $8.50 1 $8.50Metribuzin 750 gm/kg $50.00 /kg @ 0.2 $10.00 0.25 $12.50 0.3 $15.00Post-emergentsCletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Haloxyfop 520g/L $50.00 /litre @ 0.075 $3.75 0.075 $3.75 0.075 $3.75Glypho 540 (desiccant) $5.40 /litre @ 1.5 $8.10 1.5 $8.10 1.5 $8.10Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70InsecticidesDimethoate (1) $14.00 /litre @ 0.4 $5.60 0.4 $5.60 0.4 $5.60Dimethoate (2) $14.00 /litre @ 0.1 $1.40 0.1 $1.40OperationsFuel & Oil $4.81 $4.81 $4.81Repairs & Maintenance $5.19 $5.19 $5.19Freight Grain (t) $0.00 $0.00 $0.00Fertiliser (t) $25.00 /tonne @ 0.04 $1.00 0.06 $1.50 0.08 $2.00Contract WorkAerial sprayingInsurance /$1000 @ $0.00 $0.00 $0.00Other

TOTAL VARIABLE COSTS $105 $127 $150GROSS MARGIN/hectare $151 $321 $540

Estimated return per dse based on self replacing Merino Ewe flock (Cereal Zone)

Gross Margin


LOW RAINFALL

$55 $60 $64 $70 $752 $5 $15 $23 $35 $45

Carrying 4 $115 $135 $151 $175 $195Capacity 6 $225 $255 $279 $315 $345

(dse) 8 $335 $375 $407 $455 $495MEDIUM RAINFALL

$55 $60 $64 $70 $753 $38 $53 $65 $83 $98


(dse) 9 $368 $413 $449 $503 $548HIGH RAINFALL

$60 $65 $69 $75 $804 $90 $110 $126 $150 $170


(dse) 12 $570 $630 $678 $750 $810

GM/dse

GM/dse

GM/dse 0

10

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30

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50

60

70

Seed Fe

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Chemical

Fuel/R&M

Freight

Contracting

Other

$/ha

Low Medium High


$/ha $/ha seed 1 3.00 3.45 spray 4 2.19 1.36 roll 0.00 0.00 harvest# 0.00 0.00 TOTAL 5.19 4.81# Rates are for low rainfall zone. Extra cost in higher yielding situations

Repairs & Maint


Machinery Costs


Self-Regenerating Pasture

COMMENTS(1) RLEM

AGRONOMIC NOTES

2021INCOME YOUR

Rainfall Zone LOW MEDIUM HIGH ESTIMATECarrying Capacity (dry sheep equivalents winter grazed) 4 7 10

$64.00 $64.00 $69.00GROSS INCOME $256 $448 $690

VARIABLE COSTS Rate/ha Rate/ha Rate/haCost Low $/ha Medium $/ha High

Seed Seed /kg @ $0.00 $0.00 $0.00Seed Inoculant /kg @ $0.00 $0.00 $0.00Levies

$0.00 $0.00 $0.00

Fertiliser (Bulk)Superphosphate $320 /tonne @ 80 $25.60 120 $38.40 160 $51.20Chemicals-HerbicidesPre-emergentsPost-emergentsCletho 360g/L(incOil) $20.50 /litre @ 0.33 $10.42 0.33 $10.42 0.33 $10.42Haloxyfop 520g/L $50.00 /litre @ 0.075 $3.75 0.075 $3.75 0.075 $3.75Broadstrike® $0.43 /gram @ $0.00 25 $10.75 50 $21.50Paraquat 250 (Topping) $4.95 /litre @ 0.8 $3.96 0.8 $3.96 0.8 $3.96InsecticidesDimethoate (1) $14.00 /litre @ 0.085 $1.19 0.085 $1.19 0.085 $1.19OperationsFuel & Oil $1.02 $1.02 $1.02Repairs & Maintenance $1.64 $1.64 $1.64Freight Grain (t) $0.00 $0.00 $0.00Fertiliser (t) $25.00 /tonne @ 0.08 $2.00 0.12 $3.00 0.16 $4.00Contract WorkFert Spreading $8.50 /ha @ 1 $8.50 1 $8.50 1 $8.50Insurance /$1000 @ $0.00 $0.00 $0.00Other



Gross Margin


LOW RAINFALL

$55 $60 $64 $70 $752 $52 $62 $70 $82 $92

Carrying 4 $162 $182 $198 $222 $242Capacity 6 $272 $302 $326 $362 $392 (dse) 8 $382 $422 $454 $502 $542

MEDIUM RAINFALL

$55 $60 $64 $70 $753 $82 $97 $109 $127 $142


HIGH RAINFALL

$60 $65 $69 $75 $804 $133 $153 $169 $193 $213


GM/dse

GM/dse

GM/dse

0

10

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40

50

60

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Contracting

Other

$/ha

Low Medium High



Repairs & Maint


Machinery Costs


Dry-land Lucerne Pasture

COMMENTS(1) RLEM(2) RLEM

AGRONOMIC NOTES

2021INCOME MEDIUM HIGH HIGH YOUR

Rainfall Zone CEREAL CEREAL GRAZING ESTIMATECarrying Capacity (dry sheep equivalents winter grazed) 6 9 11

$64.00 $64.00 $69.00GROSS INCOME $384 $576 $759

ESTABLISHMENT COSTS Rate/ha Rate/ha Rate/haCost Medium $/ha High C $/ha High Gr

Seed Seed $11.00 /kg @ 3 $33.00 4 $44.00 4 $44.00Seed Inoculant $0.05 /kg @ 3 $0.15 4 $0.20 4 $0.20Fertiliser (Bulk)MAP $600 /tonne @ 60 $36.00 70 $42.00 80 $48.00Trace elements $3 /kg @ $0.00 3 $9.00Chemicals-HerbicidesPre-emergentsGlyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48 1.2 $6.48Carfentrazone 400g/L $185.00 /litre @ 0.02 $3.70 0.02 $3.70 0.02 $3.70Trifluran 480 $8.50 /kg @ 1 $8.50 1 $8.50 1 $8.50Post-emergents - seedlingBroadstrike $0.43 /gm @ 25 $14.41 25 $14.41 25 $14.41Haloxyfop 520g/L $50.00 /litre @ 0.075 $3.75 0.075 $3.75 0.075 $3.75InsecticidesDimethoate (1) $14.00 /litre @ 0.1 $1.40 0.1 $1.40 0.1 $1.40OperationsFuel & Oil $4.47 $4.47 $4.47Repairs & Maintenance $4.64 $4.64 $4.64Loss of Grazing in first year DSE 3 $192.00 4 $256.00 5 $345.00Total Establishment Costs $308.50 $389.55 $493.55Depreciation on establishment costs over 7 years $44.07 $55.65 $70.51VARIABLE COSTS Established standsHerbicidesSprayseed $10.00 /litre @ 2.0 $20.00 2.0 $20.00 2.0 $20.00Diuron 900WG $14.00 /kg @ 1.0 $14.00 1.0 $14.00 1.0 $14.00Raptor $0.55 /kg @ 50 $27.50 50 $27.50 50 $27.50Broadstrike $0.43 /litre @ 25 $14.41 25 $14.41 25 $14.41InsecticidesDimethoate (1) $14.00 /litre @ 0.1 $1.40 0.1 $1.40 0.1 $1.40Dimethoate (2) $14.00 /litre @ 0.375 $5.25 0.375 $5.25Fertiliser (Bulk)Superphosphate $320 /tonne @ 100 $32.00 125 $40.00 150 $48.00OperationsFuel & Oil $2.21 $2.21 $2.21Repairs & Maintenance $3.20 $3.20 $3.20Freight Grain (t) $0.00 $0.00 $0.00Fertiliser (t) $25.00 /tonne @ 0.10 $2.50 0.13 $3.13 0.15 $3.75Contract WorkAerial sprayingInsurance /$1000 @ $0.00 $0.00 $0.00Other



Gross Margin


MEDIUM RAINFALL GM/dse

$55 $60 $64 $70 $754 $59 $79 $95 $119 $139


HIGH RAINFALL CEREALGM/dse

$55 $60 $64 $70 $755 $88 $113 $133 $163 $188


HIGH RAINFALL GRAZINGGM/dse

$60 $65 $69 $75 $807 $210 $245 $273 $315 $350


0

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1200

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Other

$/ha

Low Medium High

Establishment Machinery Costs- Assuming full ownership of machinery(Fuel and repairs only- excludes depreciation and other ownership costs) Operation No. Fuel


Repairs & Maint


$/ha $/ha seed 0 0.00 0.00 spray 2 1.10 0.68 spreading 1 2.10 1.53 harvest# 0.00 0.00 TOTAL 3.20 2.21

Repairs & Maint


Establishment Machinery Costs

Machinery Costs


Phalaris sub-clover Pasture

COMMENTS((1) RLEM spring(2) RLEM

AGRONOMIC NOTES

2021INCOME HIGH HIGH YOUR

Rainfall Zone CEREAL Grazing ESTIMATECarrying Capacity (dry sheep equivalents winter grazed) 10 12

$69 $69GROSS INCOME $690 $828

ESTABLISHMENT COSTS Rate/ha Rate/ha Rate/haCost Low $/ha Medium $/ha High

Seed Phalaris $18.00 /kg @ 1.5 $27.00 1.5 $27.00Cocksfoot $12.00 /kg @ 1 $12.00 1 $12.00Sub clover $9.00 /kg @ 4 $36.00 4 $36.00

Seed Inoculant $0.05 /kg @ 4 $0.20 4 $0.20Fertiliser (Bulk)MAP $600 /tonne @ 70 $42.00 80 $48.00Trace elementsLime $35 /tonne @ 1.5 $52.50 1.5 $52.50Chemicals-HerbicidesSpring weed control $10.00 $10.00Pre-emergentsGlyphosate 540 $5.40 /litre @ 1.2 $6.48 1.2 $6.48Carfentrazone 400 $185.00 /litre @ 0.02 $3.70 0.02 $3.70

$50.00 /kg @ 0 $0.00 0 $0.00Post-emergentsBromoxynil 200 $16.30 /litre @ 1.5 $24.52 1.5 $24.52

$50.00 /litre @ 0 $0.00 0 $0.00InsecticidesDimethoate (1) $14.00 /litre @ 0.1 $1.40 0.1 $1.40Dimethoate (2) $14.00 /litre @ 0.1 $1.40 0.1 $1.40

OperationsFuel & Oil $0.00 $0.00Repairs & Maintenance $0.00 $0.00Loss of Grazing in first year DSE 3 $207.00 3.5 $241.50Total Establishment Costs $424.20 $464.70Depreciation on establishment costs over 7 years $67.87 $74.35

VARIABLE COSTSFertiliser (Bulk)Superphosphate $320 /tonne @ 120 $38.40 150 $48.00Chemicals-HerbicidesTigrex $13 /litre @ 0.5 $6.50 0.75 9.75$

InsecticidesDimethoate (1) $340.00 /litre @ 0.1 $34.00 0.1 $34.00OperationsFuel & Oil $0.00 $0.00Repairs & Maintenance $0.00 $0.00Freight Fertiliser (t) $25.00 /tonne @ 0.12 $3.00 0.15 $3.75Contract WorkAerial spraying

Insurance /$1000 @ $0.00 $0.00OtherTOTAL VARIABLE COSTS $150 $170GROSS MARGIN/hectare $540 $658

Estimated return per dse based on self replacing Merino Ewe flock

Gross Margin


HIGH RAINFALL CEREALGM/dse

$60 $65 $69 $75 $806 $210 $240 $264 $300 $330


HIGH RAINFALL GRAZING GM/dse

$60 $65 $69 $75 $808 $310 $350 $382 $430 $470


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80

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Other

$/ha

Low Medium High

Establishment Machinery Costs- Assuming full ownership of machinery(Fuel and repairs only- excludes depreciation and other ownership costs) Operation No. Fuel


Repairs & Maint


$/ha $/ha seed 0 0.00 0.00 spray 2 1.10 0.68 spread 1 2.10 1.53 harvest# 0.00 0.00 TOTAL 3.20 2.21

Repairs & Maint


Establishment Machinery Costs

Machinery Costs


Prime Lamb – High Rainfall

COMMENTS (1) DSE ratings are based on the maintenance feed requirements of a 2 year old, 50 Kg liveweight Merino Wether with a body condition score of 2.(2) The wool price is 90% the price for that micron. This takes into account the lower value of bellies, skirtings,locks etc. (3) Super/workcover expenses relate only to shearing. No allowance has been made for pasture expenses such as seed, fertiliser and chemicals. These need to be separately accounted for. Refer to pasture Gross Margins.

Gross MarginAssumptionsAve Breeding Ewe Fibre Diameter 28 Total DSE's (1) 1840Number of breeding ewes (First Cross) 1000 Stocking rate (DSE/Ha) 12.0First cross ewe - Terminal meat sire

2021INCOME YOUR

$ ESTIMATEWool (kg greasy) 3439.4 Kg [ ave price 282 c/kg ] (2) $10,759Sales 1489 animals [ ave price $174.01 per hd] $259,040GROSS INCOME $269,799

VARIABLE COSTSShearingShearing 969 sheep @ $324.31 /100 $3,143(Federal awards) 19 rams @ $648.62 /100 $123Shed labour 5 days @ $245.56 /day $1,228Woolclasser 2.50 days @ $312.11 /day $780Superannuation (on ordinary wages only) (3) @ 9.5% wages $501Work Cover (includes super + o'time etc) @ 4.0% total $231Wool packs 20 packs @ $12.00 /pack $240Shed sundries 988 sheep @ $0.20 /head $198Lice control 988 sheep @ $1.29 /head $1,276Crutch & Wig 990 ewes @ $94.05 /100 $931

19 rams @ $188.10 /100 $36MarkingLamb marking 1300 lambs @ $1.15 /head $1,495Ear tags 1300 lambs @ $0.37 /head $481Animal Healthdrench 5660 sheep @ $0.42 /head $2,360vaccinate 3620 sheep @ $0.30 /head $1,082blowfly control 1000 sheep @ $1.25 /head $1,247Stock purchasesPurchases (refer opposite page) $55,425Sale CostsFreight livestock 189 culls @ $4.00 /head $756

214 ewes @ $4.00 /head $8541300 prime lambs @ $4.00 /head $5,200

wool 20 bales @ $15.00 /bale $300Stock selling chargescommission/insurance @ 6.0% gross $ $15,542yard fees 1489 head @ $0.85 /head $1,266levy-sheep 189 head @ $0.20 /head $38levy-lambs 1300 head @ $1.50 /head $1,950SA sheep industry levy 1489 head @ $0.67 /head $997Wool selling chargesbrokerage/testing/insurance @ $0.27 /kg $929wool levy @ 1.5% gross $161Feed and Other Costshay 20.4 tonne @ $230.00 /tonne $4,692grain 24.6 tonnes @ $220.00 /tonne $5,412Insurance $261,375 value @ $2.00 /$'000 $523Water 1840 DSE's @ $1.50 /DSE $2,760Veh Fuel, R&M 1840 DSE's @ $1.20 /DSE $2,208Other 1840 DSE's @ $0.50 /DSE $920TOTAL VARIABLE COSTS $115,284GROSS MARGIN TOTAL $154,516GROSS MARGIN/hectare $1,008GROSS MARGIN/DSE $84


Production DataStocking rate (DSE/Ha) 12.0 Culling Rate (% from each group)Total DSE's 1840 Age group Ewes WethersSHEEP GRAZING AREA 153 0.5 0%Number of ewes mated 1000 1.5 0%Ram percentage 2% 2.5 0%Age ewes bought (yrs) 0.5 3.5 0%Age ewes culled 6.5 4.5 0%Years rams kept 3 5.5 0%Flock death rate 3% 6.5 100%Average weaning rate 130%% Lambs carried over 0%

SALES Number Price/hd Age Totalc.f.a ewes 182 $170.00 6.5 $30,940c.f.a rams 6 $100.00 4.5 $600lambs (average price) 1300 $175.00 20 weeks $227,500TOTAL 1489 $174.01 $259,040PURCHASES Number Price/hd Age yrs Totalewes 214 $200 0.5 $42,714rams 7 $1,850 1.5 $12,711

Number of timesNumber Drench Vacc. Blowfly DSE

ewes 1000 3 1 1 1.8rams 20 3 1 0 2lambs 1300 2 2 0TOTAL 2320 5660 3620 1000 1840

Wool cutNumber kg/hd Price Total

ewes 969 3.50 $3.15 $10,681crossbred rams 19 2.50 $1.61 $78

TOTAL 988 3439 $10,759

Hay Kgs Fed No weeks TotalNumber Cost ($/T) per week of Feeding cost ($)

ewes 1000 $230 2.5 8 $4,600rams 20 $230 2.5 8 $92

Grain Kgs Fed No weeks TotalNumber Cost ($/T) per week of Feeding cost ($)

ewes 1000 $220 3.0 8 $5,280rams 20 $220 3.0 10 $132

Average Weaning Rate (%)95% 105% 130% 125% 135% 145%

$150 $42 $50 $67 $64 $71 $78$155 $45 $52 $71 $67 $74 $82$160 $47 $55 $74 $70 $78 $85$165 $50 $58 $77 $73 $81 $89

Average $170 $52 $60 $81 $77 $85 $93Lamb Sale $175 $55 $63 $84 $80 $88 $97Price ($/hd) $180 $57 $66 $87 $83 $92 $100

$185 $59 $68 $91 $86 $95 $104$190 $62 $71 $94 $89 $99 $108$195 $64 $74 $97 $93 $102 $111$200 $67 $76 $101 $96 $105 $115

GROSS MARGIN/DSE

Sales

Stock Health Requirements

Shearing

Feeding

Gross Margin Sensitivity


Maternal Prime Lamb – High Rainfall


Gross MarginAssumptionsAve Breeding Ewe Fibre Diameter 28 Total DSE's (1) 1840Number of breeding ewes (First Cross) 1000 Stocking rate (DSE/Ha) 12.0First cross ewe - Maternal sire

2021INCOME YOUR

$ ESTIMATEWool (kg greasy) 3439.4 Kg [ ave price 282 c/kg ] (2) $10,759Sales 1489 animals [ ave price $183.18 per hd] $272,690GROSS INCOME $283,449

VARIABLE COSTSShearingShearing 969 sheep @ $324.31 /100 $3,143(Federal awards) 19 rams @ $648.62 /100 $123Shed labour 5 days @ $245.56 /day $1,228Woolclasser 2.50 days @ $312.11 /day $780Superannuation (on ordinary wages only) (3) @ 9.5% wages $501Work Cover (includes super + o'time etc) @ 4.0% total $231Wool packs 20 packs @ $12.00 /pack $240Shed sundries 988 sheep @ $0.20 /head $198Lice control 988 sheep @ $1.29 /head $1,276Crutch & Wig 990 ewes @ $94.05 /100 $931

19 rams @ $188.10 /100 $36MarkingLamb marking 1300 lambs @ $1.15 /head $1,495Ear tags 1300 lambs @ $0.37 /head $481Animal Health drench 5660 sheep @ $0.42 /head $2,360 vaccinate 3620 sheep @ $0.30 /head $1,082 blowfly control 1000 sheep @ $1.25 /head $1,247Stock purchasesPurchases (refer opposite page) $55,425Sale CostsFreight livestock 189 culls @ $4.00 /head $756

214 ewes @ $4.00 /head $854754 prime lambs @ $4.00 /head $3,016

wool 20 bales @ $15.00 /bale $300Stock selling charges commission/insurance @ 6.0% gross $ $16,361 yard fees 1489 head @ $0.85 /head $1,266levy-sheep 189 head @ $0.20 /head $38levy-lambs 754 head @ $1.50 /head $1,131SA sheep industry levy 1489 head @ $0.67 /head $997Wool selling chargesbrokerage/testing/insurance @ $0.27 /kg $929wool levy @ 1.5% gross $161Feed and Other Costs hay 20.4 tonne @ $230.00 /tonne $4,692 grain 24.6 tonnes @ $220.00 /tonne $5,412Insurance $261,375 value @ $2.00 /$'000 $523Water 1840 DSE's @ $1.50 /DSE $2,760Veh Fuel, R&M 1840 DSE's @ $1.20 /DSE $2,208Other 1840 DSE's @ $0.50 /DSE $920TOTAL VARIABLE COSTS $113,100GROSS MARGIN TOTAL $170,350GROSS MARGIN/hectare $1,111GROSS MARGIN/DSE $93


Production DataStocking rate (DSE/Ha) 12.0 Culling Rate (% from each group)Total DSE's 1840 Age group Ewes WethersSHEEP GRAZING AREA 153 0.5 0%Number of ewes mated 1000 1.5 0%Ram percentage 2% 2.5 0%Age ewes bought (yrs) 1.5 3.5 0%Age ewes culled 6.5 4.5 0%Years rams kept 3 5.5 0%Flock death rate 3% 6.5 100%Average weaning rate 130%% Lambs carried over 0%

SALES Number Price/hd Age Totalc.f.a ewes 182 $170.00 6.5 $30,940c.f.a rams 6 $100.00 4.5 $600Ewe lambs 546 $200.00 0.5 $109,200Wether lambs & cull ewe lambs 754 $175.00 20 weeks $131,950TOTAL 1489 $183.18 $272,690PURCHASES Number Price/hd Age yrs Totalewes 214 $200 1.5 $42,714rams 7 $1,850 1.5 $12,711




ewes 969 3.50 $3.15 $10,681crossbred rams 19 2.50 $1.61 $78

TOTAL 988 3439 $10,759


ewes 1000 $230 2.5 8 $4,600rams 20 $230 2.5 8 $92


ewes 1000 $220 3.0 8 $5,280rams 20 $220 3.0 10 $132


$161 $59 $67 $74 $82 $90 $97$166 $62 $70 $78 $86 $93 $101$171 $65 $73 $81 $89 $97 $105$176 $67 $76 $84 $93 $101 $110


$196 $79 $88 $98 $107 $116 $126$201 $82 $91 $101 $111 $120 $130$206 $84 $94 $104 $114 $124 $134$211 $87 $97 $108 $118 $128 $138

GROSS MARGIN/DSE

Sales


Shearing

Feeding



SR Merino - High Rainfall


Gross MarginAssumptionsAve Breeding Ewe Fibre Diameter 19 Total DSE's (1) 2390Number of breeding ewes 1000 Stocking rate (DSE/Ha) 12.0

2021INCOME YOUR

$ ESTIMATEWool (kg greasy) 9134 Kg [ ave price 832 c/kg ] (2) $75,956Sales 862 animals [ ave price $190.38 per hd] $164,160GROSS INCOME $240,116

VARIABLE COSTSShearingShearing 2324 sheep @ $324.31 /100 $7,537(Federal Awards) 25 rams @ $648.62 /100 $162Shed labour 12 days @ $245.56 /day $2,947Woolclasser 6 days @ $312.11 /day $1,873Superannuation (on ordinary wages only) (3) @ 9.5% wages $1,189Work Cover (includes super + o'time etc) @ 4.0% total $548Wool packs 54 packs @ $12.00 /pack $648Shed sundries 2349 sheep @ $0.20 /head $470Lice Control 2349 sheep @ $1.29 /head $3,033Crutch & wig 1424 sheep @ $94.05 /100 $1,339

25 rams @ $188.10 /100 $47MarkingLamb marking 900 lambs @ $1.40 /head $1,260Pain relief 900 lambs @ $0.45 /head $405Ear tags 900 lambs @ $0.37 /head $333Animal Health drench 3900 sheep @ $0.42 /head $1,626 vaccinate 3275 sheep @ $0.30 /head $979 blowfly control 1500 sheep @ $1.25 /head $1,870Sale and Purchase CostsPurchases 7 Merino rams @ $2,000.00 /head $14,000Freight 862 sheep @ $4.00 /head $3,448

54 bales @ $15.00 /bale $810Stock selling charges commission/insurance @ 6.0% gross $9,850 yard fees 862 head @ $0.85 /head $733 Sheep trans levy 412 head @ $0.20 /head $82Lamb trans levy 450 head @ $1.50 /head $675SA sheep industry levy 862 head @ $0.67 /head $578Wool selling chargesbrokerage/testing/insurance @ $0.27 /kg $2,466Industry levy @ 1.5% gross $1,139Feed and other CostsHand Feeding $5,698Insurance $452,146 value @ $2.00 /$'000 $904Water 2390 DSE's @ $1.50 /DSE $3,585Veh Fuel, R&M 2390 DSE's @ $1.20 /DSE $2,868Other 2390 DSE's @ $0.50 /DSE $1,195TOTAL VARIABLE COSTS $74,298GROSS MARGIN TOTAL $165,818GROSS MARGIN/hectare $833

$69GROSS MARGIN /DSE


Number of timesNumber DSE Drench Vacc. Blowfly

ewes 1000 1.8 2 1 1ewe hoggets 450 1.2 2 1 1wether weaners 0 0.8 1 1 0merino lambs 900 0.0 1 2 0merino rams 25 2.0 4 1 2TOTAL 2375 2390 3900 3275 1500TOTAL VALUE $452,146

Stocking rate (DSE/Ha) 12.0 Culling Rate (% per each group)Total DSE's 2390 Age group Ewes WethersSHEEP GRAZING AREA 285 0.5 0% 100%Number of ewes mated 1000 1.5 51% 0%Ram percentage 2.5% 2.5 0% 0%Age wethers sold (yrs) 0.5 3.5 0% 0%Years rams kept 4 4.5 0% 0%Flock death rate 3% 5.5 0% 0%Average weaning rate 90% 6.5 100% 0%

Flock StructureThis table shows the number of merino sheep in each age group at mating

Class of Age GroupSheep 0.5 y.o. 1.5 y.o. 2.5 y.o. 3.5 y.o. 4.5 y.o. 5.5 y.o. 6.5 y.o.Ewes 450 212 206 200 194 188 0

Wethers 0 0 0 0 0 0 0Rams 7 6 6 6 0 0

SALES Number Price/hd Totalc.f.a ewes 182 $170.00 $30,940c.f.a merino rams 6 $120.00 $720Ewe hoggets 224 $250.00 $56,000Wether lambs (average price) 450 $170.00 $76,500TOTAL 862 $190.38 $164,160

Number of Feed TotalFeed Animals Cost ($/T) kg/ Animal cost ($)Oats/barley 833 $220 10 /ewe $1,833Lupins 833 $320 10 /ewe $2,666Lupins 375 $320 10 /weaner $1,200TOTAL $5,698

Wool cut Total Yield TotalNumber kg/hd Greasy kg (%) Clean kg

ewes 981 5.70 5592 70% 3914ewe hoggets 443 4.50 1995 70% 1396wether weaners 0 4.50 0 70% 0lambs 900 1.50 1350 70% 945merino rams 25 8.00 197 70% 138Adults 1449 5.68 7784TOTAL 2349 9134 6394

Average Greasy Wool Price (c/Kg)750 800 832 900 950 1000

$160 $56 $58 $59 $62 $64 $65$165 $58 $60 $61 $63 $65 $67$170 $59 $61 $62 $65 $67 $69$175 $61 $63 $64 $67 $69 $71

Average $180 $63 $65 $66 $68 $70 $72Sale Price $185 $64 $66 $68 $70 $72 $74All Sheep $190 $66 $68 $69 $72 $74 $76

($/hd) $190 $66 $68 $69 $72 $74 $76$195 $68 $70 $71 $74 $75 $77$200 $70 $71 $73 $75 $77 $79$205 $71 $73 $74 $77 $79 $81

GROSS MARGIN/DSE

Sales


Feeding

Shearing


Production Data


Merino Wethers - High Rainfall


Gross MarginAssumptions:Average Wether Fibre Diametre 19 Total DSE's (1) 1200Number of adult wethers 1000 Stocking rate (DSE/Ha) 12.0

2021INCOME YOUR

$ ESTIMATEWool (kg greasy) 6790 Kg [ave price 832 c/kg ] (2) $56,466Sales 182 animals [ave price $170.00 per hd] $31,002GROSS INCOME $87,468

EXPENSESShearingShearing 970 sheep @ $324.31 /100 $3,146Shed labour 5 days @ $245.56 /day $1,228Woolclasser 3 days @ $312.11 /day $780Superannuation (on ordinary wages only) (3) @ 9.5% wages $490Work Cover (on wages+super+o'time etc) @ 4.0% total $226Wool packs 40 packs @ $12.00 /pack $480Shed sundries 970 sheep @ $0.20 /head $194Lice control 970 sheep @ $1.29 /head $1,252Crutching 1000 sheep @ $94.05 /100 $941Animal Health drench 1000 sheep @ $0.42 /head $417 vaccinate 1000 sheep @ $0.30 /head $299 blowfly control 1000 sheep @ $1.25 /head $1,247Other Expenses 0 sheep @ $0.00 /head $0Stock PurchasesPurchases 212 wethers @ $135.00 /head $28,620Sale costs and otherFreight livestock 395 @ $4.00 /head $1,580wool 40 bales @ $15.00 /bale $600Stock selling charges commission/insurance @ 6.0% gross $1,860 yard fees 182 head @ $0.85 /head $155transaction levy 182 head @ $0.20 /head $36SA sheep industry levy 182 head @ $0.67 /head $122Wool selling chargesbrokerage/testing/insurance @ $0.27 /kg $1,833Industry levy @ 1.50% gross $847Other ExpensesHand Feeding $3,450Insurance 152500 value @ $2.00 /$'000 $305Water 1200 DSE's @ $1.50 /DSE $1,800Veh Fuel, R&M 1200 DSE's @ $1.00 /DSE $1,200Other Expenses 1200 DSE's @ $0.50 /DSE $600TOTAL VARIABLE COSTS $53,707GROSS MARGIN $33,760GROSS MARGIN/hectare $338GROSS MARGIN/DSE $28


Production DataStocking rate (DSE/Ha) 12.0 Culling Rate (% from each group) Stock Total DSE's 1200 Age group Ewes Wethers No'sSHEEP GRAZING AREA 100 0.5 0% 212Number of wethers 1000 1.5 0% 206Flock death rate 3% 2.5 0% 200Age wethers bought (yrs) 0.5 3.5 0% 194Age wethers culled 5.5 4.5 0% 188

5.5 100%

SALES Number Price/hd Age Totalc.f.a wethers 182 $170.00 5.5 $30,940TOTAL 182 $30,940PURCHASES Number Price/hd Age yrs Totalwethers 212 $135 0.5 $28,669

Value Ave Live DSENumber $/head Wt (Kgs) rating

wethers 1000 $153 55 1.2TOTAL 1000


wethers 970 7.00 6790 70% 4753TOTAL 970 6790 4753

kg fed /animal $/tonne TotalOats/barley kg/wether 220 $0Hay 15 kg/wether 230 $3,450Lupins kg/wether 320 $0TOTAL $3,450


$145 $37 $40 $25 $45 $48 $51$150 $37 $40 $25 $46 $49 $51$155 $38 $41 $26 $47 $49 $52$160 $39 $42 $27 $47 $50 $53

Average $165 $40 $42 $27 $48 $51 $54Sale Price $170 $40 $43 $28 $49 $51 $54of wethers $175 $41 $44 $29 $49 $52 $55

($/hd) $180 $42 $45 $30 $50 $53 $56$185 $42 $45 $30 $51 $54 $56$190 $43 $46 $31 $52 $54 $57$195 $44 $47 $32 $52 $55 $58

GROSS MARGIN/DSE

Sales

Stock Value and DSE Requirement

Shearing

Hand Feeding


Number of times DSENumber Drench Vacc. Blowfly rating

wethers 1000 1 1 1 1.2TOTAL 1000 1000 1000 1000 1200



Lamb Trading - High Rainfall


Gross MarginAssumptions:Number of lambs 1000 Total DSE's (1) 600Average Lamb Fibre Diametre 20 Number of lambs shorn 100%Lambs bought at 35 kg liveweight Stocking rate (DSE/Ha) 12.0Lambs sold at 55 kg liveweight @ 740 c/kg dwt

2021INCOME YOUR


EXPENSESShearingShearing 1000 sheep @ $324.31 /100 $3,243Shed labour 2 days @ $245.56 /day $491Woolclasser 1 days @ $312.11 /day $312Superannuation (on ordinary wages only) (3) @ 9.5% wages $384Work Cover (on wages+super+o'time etc) @ 4.0% total $177Wool packs 9 packs @ $12.00 /pack $108Shed sundries 1000 sheep @ $0.20 /head $200Lice control 1000 sheep @ $1.29 /head $1,291Crutching 0 sheep @ $94.05 /100 $0Animal Health drench 1000 sheep @ $0.42 /head $417 vaccinate 1000 sheep @ $0.30 /head $299 blowfly control 500 sheep @ $1.25 /head $623Other Expenses 0 sheep @ $0.00 /head $0Stock PurchasesPurchases 1000 lambs @ $135.00 /head $135,000Sale costs and otherFreight livestock 1980 @ $4.00 /head $7,920wool 9 bales @ $15.00 /bale $135Stock selling charges commission/insurance @ 6.0% gross $10,291 yard fees 980 head @ $0.85 /head $833transaction levy 980 head @ $1.50 /head $1,470SA sheep industry levy 980 head @ $0.67 /head $657Wool selling chargesbrokerage/testing/insurance @ $0.27 /kg $405Industry levy @ 1.50% gross $187Other ExpensesSupplementry Feeding 0 @ $0.00 /hd $0Insurance 155005 value @ $2.00 /$'000 $310Water 600 DSE's @ $1.50 /DSE $900Veh Fuel, R&M 600 DSE's @ $1.00 /DSE $600Other Expenses 600 DSE's @ $0.50 /DSE $300TOTAL VARIABLE COSTS $166,554GROSS MARGIN $17,430GROSS MARGIN/hectare $349GROSS MARGIN/DSE $29


Production DataStocking rate (DSE/Ha) 12.0Total DSE's 600SHEEP GRAZING AREA 50Number of lambs 1000Flock death rate 2%Age bought (yrs) 0.5Age sold 0.8

SALES Number Price/hd Age TotalPrime lambs 980 $175.01 0.8 $171,510TOTAL 980 $171,510PURCHASES Number Price/hd Age yrs TotalStore lambs 1000 $135 0.5 $135,000

Value Ave Live DSENumber $/head Wt (Kgs) rating

lambs 1000 $155 45 0.8TOTAL 1000


lambs 1000 1.50 1500 70% 1050TOTAL 1000 1500 1050

Number of times DSENumber Drench Vacc. Blowfly rating

Lamb 1000 1 1 1 0.6TOTAL 1000 1000 1000 1000 600


$140 ($29) ($28) ($25) ($25) ($24) ($23)$145 ($21) ($20) ($17) ($18) ($17) ($15)$150 ($14) ($13) ($9) ($10) ($9) ($8)$145 ($21) ($20) ($17) ($18) ($17) ($15)

Average $150 ($14) ($13) ($9) ($10) ($9) ($8)Sale Price $175 $25 $26 $29 $28 $30 $31of lambs $160 $2 $3 $6 $5 $6 $8

($/hd) $165 $9 $10 $14 $13 $14 $15$170 $17 $18 $21 $21 $22 $23$175 $25 $26 $29 $28 $29 $31$180 $32 $33 $37 $36 $37 $38

GROSS MARGIN/DSE

Sales


Shearing




Prime Lamb - Cereal Zone


Gross MarginAssumptionsAve Breeding Ewe Fibre Diameter 21 Total DSE's (1) 1850Number of breeding ewes (Merino) 1000 Stocking rate (DSE/Ha) 6.0Merino ewe - Terminal meat sire

2021INCOME YOUR


VARIABLE COSTSShearingShearing 970 sheep @ $324.31 /100 $3,146(Federal awards) 24 rams @ $648.62 /100 $156Shed labour 5 days @ $245.56 /day $1,228Woolclasser 2.5 days @ $312.11 /day $780Superannuation (on ordinary wages only) (3) @ 9.50% total $504Work Cover (includes super + o'time etc) @ 4.00% wages $232.56Wool packs 38 packs @ $12.00 /pack $456Shed sundries 994 sheep @ $0.20 /head $199Lice control 994 sheep @ $0.46 /head $456Crutch & Wig 0 lambs @ $94.05 /100 $0

1019 ewes @ $94.05 /100 $958MarkingLamb marking 1100 lambs @ $1.15 /head $1,265Ear tags 1100 lambs @ $0.37 /head $407Animal Health drench 2150 sheep @ $0.42 /head $897 vaccinate 3225 sheep @ $0.22 /head $702 blowfly control 1000 sheep @ $1.25 /head $1,247Stock purchasesPurchases (refer to opposite page) $81,272Sale CostsFreight livestock 239 culls @ $4.00 /head $956

262 ewes @ $4.00 /head $1,0461100 prime lambs @ $4.00 /head $4,400

wool 38 bales @ $15.00 /bale $570Stock selling charges commissioninsurance @ 6.0% gross $13,974 yard fees 1339 head @ $0.85 /head $1,138levy-sheep 239 head @ $0.20 /head $48levy-lambs 1100 head @ $1.50 /head $1,650SA sheep industry levy 1339 head @ $0.67 /head $897Wool selling chargesbrokerage/testing/insurance @ $0.27 kg $1,722Industry levy @ 1.5% gross $748Feed and Other CostsWater 1850 DSE's @ $2.50 /DSE $4,625Veh Fuel, R&M 1850 DSE's @ $1.20 /DSE $2,220Other 1850 DSE's @ $0.50 /DSE $925 hay 20.5 tonne @ $230.00 /tonne $4,715 grain 24.8 tonnes @ $220.00 /tonne $5,445Insurance $282,750 value @ $2.00 /$'000 $566TOTAL VARIABLE COSTS $139,550GROSS MARGIN TOTAL $143,214GROSS MARGIN/hectare $464GROSS MARGIN/DSE $77


Production DataStocking rate (DSE/Ha) 6.0 Culling Rate (% from each group)Total DSE's 1850 Age group Ewes WethersSHEEP GRAZING AREA 308 0.5 0%Number of ewes mated 1000 1.5 0%Ram percentage 2.5% 2.5 0%Age ewes bought (yrs) 1.5 3.5 0%Age ewes culled 5.5 4.5 0%Years rams kept 3 5.5 100%Flock death rate 3% 6.5 0%Average weaning rate 110%% Lambs carried over 0%

SALES Number Price/hd Age Totalc.f.a ewes 232 $170.00 5.5 $39,440c.f.a rams 8 $120.00 4.5 $960lambs 1100 $175.00 20 weeks $192,500TOTAL 1339 173.81 $232,900PURCHASES Number Price/hd Age yrs Totalewes 262 $250 1.5 $65,384rams 9 $1,850 1.5 $15,889



Wool cut TotalNumber kg/hd Price $

ewes 970 6.50 $7.89 49734crossbred rams 24 3.00 $1.79 130

TOTAL 994 6378 49864


ewes 1000 $230 2.5 8 $4,600rams 25 $230 2.5 8 $115lambs (35% sold without need for hay) 660 $230 2.5 5 $1,898


ewes 1000 $220 3.0 8 $5,280rams 25 $250 3.0 10 $188lambs (35% sold without need for grain) 660 $250 6.0 5 $4,950


$150 $49 $56 $63 $71 $78 $85$155 $51 $59 $66 $74 $81 $88$160 $54 $61 $69 $77 $84 $92$165 $56 $64 $72 $80 $88 $95


$185 $65 $74 $83 $92 $101 $110$190 $68 $77 $86 $95 $104 $113$195 $70 $79 $89 $98 $107 $117$200 $72 $82 $91 $101 $111 $120

GROSS MARGIN/DSE

Sales


Shearing

Feeding



SR Merino - Cereal Zone

COMMENTS (1) DSE ratings are based on the maintenance feed requirements of a 2 year old, 50 Kg liveweight Merino Wether with a body condition score of 2.(2) The wool price is 90% the price for that micron. This takes into account the lower value of bellies, skirtings,locks etc. (3) Super/workcover expenses relate only to shearing. No allowance has been made for pasture expenses such as seed, fertiliser and chemicals. These need to be separately accounted for. Refer to pasture Gross Margins


2021INCOME YOUR


VARIABLE COSTSShearingShearing 2398 sheep @ $324.31 /100 $7,777(Federal Awards) 25 rams @ $648.62 /100 $162Shed labour 8 days @ $245.56 /day $1,964Woolclasser 4.0 days @ $312.11 /day $1,248Superannuation (on ordinary wages only) (3) @ 9.5% wages $1,059Work Cover (includes super + o'time etc) @ 4.0% total $488Wool packs 65 packs @ $12.00 /pack $780Shed sundries 2423 sheep @ $0.20 /head $485Lice control 2423 sheep @ $1.29 /head $3,129Crutch & wig 1448 sheep @ $94.05 /100 $1,362

25 rams @ $188.10 /100 $47MarkingLamb marking 950 lambs @ $1.40 /head $1,330Pain relief 900 lambs @ $0.45 /head $405Ear tags 950 lambs @ $0.37 /head $352Animal Health drench 2475 sheep @ $0.42 /head $1,032 vaccinate 3400 sheep @ $0.22 /head $740 blowfly control 1500 sheep @ $1.25 /head $1,870Sale and Purchase CostsPurchases 7 Merino rams @ $2,000.00 /head $14,000Freight 912 sheep @ $4.00 /head $3,648

65 bales @ $15.00 /bale $975Stock selling charges commission/insurance @ 6.0% gross $9,384 yard fees 912 head @ $0.85 /head $775 sheep tran levy 437 head @ $0.20 /head $87lamb trans levy 475 head @ $1.50 /head $713SA Sheep industry levy 912 head @ $0.67 /head $611wool selling chargesbrokerage/testing/insurance @ $0.27 /kg $2,992Industry levy @ 1.5% gross $1,180Feed and other CostsHand Feeding $11,400Insurance $420,353 value @ $2.00 /$'000 $841Water 2420 DSE's @ $2.50 /DSE $6,050Veh Fuel, R&M 2420 DSE's @ $1.20 /DSE $2,904Other 2420 DSE's @ $0.50 /DSE $1,210TOTAL VARIABLE COSTS $80,999GROSS MARGIN TOTAL $154,054GROSS MARGIN/hectare $382



Number of timesNumber DSE Drench Vacc. Blowfly


Stocking rate (DSE/Ha) 6.0 Culling Rate (% per each group)Total DSE's 2420 Age group Ewes WethersSHEEP GRAZING AREA 285 0.5 0% 100%Number of ewes mated 1000 1.5 49% 0%Ram percentage 2.5% 2.5 5% 0%Age wethers sold (yrs) 0.5 3.5 5% 0%Years rams kept 4 4.5 5% 0%Flock death rate 3% 5.5 5% 0%Average weaning rate 95% 6.5 100% 0%Prime lamb weaning % 0%% mated for prime lms 0%



Wethers 0 0 0 0 0 0 0Rams 7 6 6 6 0 0

SALES Number Price/hd Totalc.f.a ewes 204 $170.00 $34,680c.f.a merino rams 6 $140.00 $840ewe hoggets 227 $250.00 $56,750wether lambs 35kg store 475 $135.00 $64,125TOTAL 912 $171.57 $156,395

Number of Fodder TotalFeed Animals Cost ($/T) kg/ Animal cost ($)Oats/barley 1000 $220 24 /ewe $5,280Hay 1000 $230 20 /ewe $4,600Lupins 475 $320 10 /weaner $1,520TOTAL $11,400


ewes 980 6.50 6373 68% 4333ewe hoggets 468 5.50 2573 68% 1750wether weaners 0 5.00 0 68% 0lambs 950 2.00 1900 68% 1292merino rams 25 9.50 234 68% 159Adults 1473 6.63 9180TOTAL 2423 11080 7534


$105 $33 $35 $40 $40 $42 $44$110 $35 $37 $42 $41 $44 $46$115 $36 $39 $44 $43 $45 $48$120 $38 $40 $45 $45 $47 $49

Average $125 $40 $42 $47 $47 $49 $51Sale Price $130 $42 $44 $49 $48 $51 $53All Sheep $172 $56 $59 $64 $63 $65 $68

($/hd) $140 $45 $48 $52 $52 $54 $57$145 $47 $49 $54 $54 $56 $58$150 $49 $51 $56 $56 $58 $60$155 $51 $53 $58 $57 $60 $62

GROSS MARGIN/DSE

Sales


Feeding

Shearing


Production Data


Merino Wethers - Cereal Zone


Gross MarginAssumptions:Average Wether Fibre Diameter 21 Total DSE's (1) 1200Number of adult wethers 1000 Stocking rate (DSE/Ha) 6.0

2021INCOME YOUR


EXPENSESShearingShearing 970 sheep @ $324.31 /100 $3,146Shed labour 4 days @ $245.56 /day $982Woolclasser 2 days @ $312.11 /day $624Superannuation (on ordinary wages only) (3) @ 9.5% wages $451Work Cover (on wages+super+o'time etc) @ 4.0% total $208Wool packs 43 packs @ $12.00 /pack $516Shed sundries 970 sheep @ $0.20 /head $194Lice control 970 sheep @ $1.29 /head $1,252Crutching 1000 sheep @ $94.05 /100 $941Animal Health drench 1000 sheep @ $0.42 /head $417 vaccinate 1000 sheep @ $0.22 /head $218 blowfly control 1000 sheep @ $1.25 /head $1,247Other Expenses 0 sheep @ $0.00 /head $0Stock PurchasesPurchases 212 wethers @ $135.00 /head $28,620Sale costs and otherFreight livestock 395 @ $4.00 /head $1,580wool 43 bales @ $15.00 /bale $645Stock selling charges commission/insurance @ 6.0% gross $1,860 yard fees 182 head @ $0.85 /head $155transaction levy 182 head @ $0.20 /head $36SA sheep industry levy 182 head @ $0.67 /head $122Wool selling chargesbrokerage/testing/insurance @ $0.27 /kg $1,964Industry levy @ 1.5% gross $775Other ExpensesHand Feeding $3,450Insurance 152500 value @ $2.00 /$'000 $305Water 1200 DSE's @ $2.50 /DSE $3,000Veh Fuel, R&M 1200 DSE's @ $1.00 /DSE $1,200Other Expenses 1200 DSE's @ $0.50 /DSE $600TOTAL VARIABLE COSTS $54,508GROSS MARGIN $28,140GROSS MARGIN/hectare $141GROSS MARGIN/DSE $23


Production DataStocking rate (DSE/Ha) 6.0 Culling Rate (% from each group) StockTotal DSE's 1200 Age group Ewes Wethers No'sSHEEP GRAZING AREA 200 0.5 0% 212Number of wethers 1000 1.5 0% 206Flock death rate 3% 2.5 0% 200Age wethers bought (yrs) 0.5 3.5 0% 194Age wethers culled 5.5 4.5 0% 188

5.5 100%


Value Ave Live DSENumber $/head Wt (Kgs) Rating

wethers 1000 $153 55 1.2TOTAL 1000


wethers 970 7.50 7275 68% 4947TOTAL 970 7275 4947

Number of times DSENumber Drench Vacc. Blowfly Rating

wethers 1000 1 1 1 1.2TOTAL 1000 1000 1000 1000 1200


$145 $10 $13 $20 $19 $22 $25$150 $11 $14 $21 $20 $23 $26$155 $12 $15 $21 $21 $24 $27$160 $12 $15 $22 $21 $24 $27

Average $165 $13 $16 $23 $22 $25 $28Sale Price $170 $14 $17 $23 $23 $26 $29of wethers $175 $15 $18 $24 $24 $27 $30

($/hd) $180 $15 $18 $25 $24 $27 $30$185 $16 $19 $26 $25 $28 $31$190 $17 $20 $26 $26 $29 $32$195 $17 $20 $27 $26 $29 $32

GROSS MARGIN/DSE

Sales


Shearing



kg fed /Animal $/tonne TotalOats/barley 0 kg/wether 220 $0Hay 15 kg/wether 230 $3,450Lupins kg/wether 320 $0TOTAL $3,450

Hand Feeding


Cleanskin Sheep - Cereal Zone

COMMENTS Assumes flock is fully wool shedding and therefore no shearing, crutching or lice control costs are included. Assumes only one lambing per year.No allowance has been made for pasture expenses such as seed, fertiliser and weed control. These need to be separately accounted for.

Gross MarginAssumptions

Total DSE's (1) 2950

Number of breeding ewes 1000 Stocking rate (DSE/Ha) 6.0

2021INCOME YOUR

$ ESTIMATE

Sales 1453 animals [ ave price $192.07 per hd] $279,140GROSS INCOME $279,140

VARIABLE COSTS$0

MarkingLamb marking 1500 lambs @ $1.15 /head $1,725Ear tags 1500 lambs @ $0.37 /head $555Animal Health drench 3300 sheep @ $0.42 /head $1,376 vaccinate 4775 sheep @ $0.22 /head $1,039 blowfly control 0 sheep @ $1.25 /head $0Lice control 0 sheep @ $1.29 /head $0Sale and Purchase CostsPurchases 7 rams @ $1,850.00 /head $12,950Freight 204 ewes @ $4.00 /head $816

6 rams @ $4.00 /head $24494 hoggets @ $4.00 /head $1,976750 lambs @ $4.00 /head $3,000

Stock selling charges commission/insurance @ 6.0% gross $16,748 yard fees 1453 head @ $0.85 /head $1,235 sheep tran levy 703 head @ $0.20 /head $141lamb trans levy 750 head @ $1.50 /head $1,125SA Sheep industry levy 1453 head @ $0.67 /head $974

$0$0

Feed and other CostsHand Feeding $12,280Insurance $629,045 value @ $2.00 /$'000 $1,258Water 2950 DSE's @ $2.50 /DSE $7,375Veh Fuel, R&M 2950 DSE's @ $0.80 /DSE $2,360Other 2950 DSE's @ $0.50 /DSE $1,475TOTAL VARIABLE COSTS $68,432GROSS MARGIN TOTAL $210,708GROSS MARGIN/hectare $429GROSS MARGIN /DSE $71


Number DSE Drench Vacc. Blowfly Liceewes 1000 2.0 1 1 0 0ewe hoggets 750 1.2 1 1 0 0wether weaners 0 1.0 1 1 0 0lambs 1500 0.0 1 2 0 0rams 25 2.0 2 1 0 0TOTAL 3275 2950 3300 4775 0 0Total Value $629,045

Number of times


Flock StructureThis table shows the number of sheep in each age group at mating


Wethers 0 0 0 0 0 0 0Rams 7 6 6 6 0 0

SALES Number Price/hd Totalc.f.a ewes 204 $170.00 $34,680c.f.a rams 6 $130.00 $780ewe hoggets 494 $220.00 $108,680wether lambs 55kg finished 750 $180.00 $135,000TOTAL 1453 $192.07 $279,140

Number of Fodder TotalFeed Animals Cost ($/T) kg/ Animal Cost ($)Oats/barley 1000 $220 24 /ewe $5,280Hay 1000 $230 20 /ewe $4,600Lupins 750 $320 10 /weaner $2,400TOTAL $12,280

Average Weaning Percentage120 135 150 165 180 195

$172 $48 $56 $65 $74 $82 $91$177 $49 $57 $66 $75 $84 $92$182 $49 $58 $67 $76 $85 $94$187 $50 $59 $68 $77 $86 $95

Average $192 $51 $61 $70 $79 $88 $97Sale Price $197 $52 $62 $71 $80 $89 $99

($/hd) $202 $53 $63 $72 $81 $91 $100$207 $54 $64 $73 $83 $92 $102$212 $55 $65 $74 $84 $94 $103$217 $56 $66 $76 $85 $95 $105$222 $57 $67 $77 $87 $97 $106

GROSS MARGIN/DSE

Sales


Feeding


Production Data


Prime Lamb - Pastoral Zone

COMMENTS (1) DSE ratings are based on the maintenance feed requirements of a 2 year old, 50 Kg liveweight Merino Wether with a body condition score of 2.(2) The wool price is 90% the price for that micron. This takes into account the lower value of bellies, skirtings,locks etc. (3) Super/workcover expenses relate only to shearing.

Gross MarginAssumptions (Lambs sold to specialist finisher)Ave Breeding Ewe Fibre Diameter 22 Total DSE's (1) 1858Number of breeding ewes 1000 Stocking rate (DSE/Ha) 0.14Merino ewes - Terminal meat sire

2021INCOME YOUR


VARIABLE COSTSShearingShearing 970 sheep @ $324.31 /100 $3,146(Federal awards) 24 rams @ $648.62 /100 $156Shed labour 5 days @ $245.56 /day $1,228Woolclasser 2.50 days @ $312.11 /day $780Superannuation (on ordinary wages only) (3) @ 9.5% wages $504Work Cover (on wages+super+o'time etc) @ 4.0% total $233Wool packs 38 packs @ $12.00 /pack $456Shed sundries 994 sheep @ $0.20 /head $199Lice control 994 sheep @ $1.29 /head $1,283Crutch & Wig 1100 lambs @ $94.05 /100 $1,035

1019 adults @ $94.05 /100 $958MarkingLamb marking 1100 lambs @ $1.15 /head $1,265Ear tags 1100 lambs @ $0.37 /head $407Animal Health drench 0 sheep @ $0.42 /head $0 vaccinate 2125 sheep @ $0.22 /head $462 blowfly control 1000 sheep @ $1.25 /head $1,247Stock purchasesPurchases (refer opposite page) $67,018Sale CostsFreight livestock 232 culls @ $7.00 /head $1,624

262 ewes @ $7.00 /head $1,8311100 prime lambs @ $7.00 /head $7,700

wool 38 bales @ $17.00 /bale $646Stock selling charges commission/insurance @ 6.0% gross $10,668 yard fees 1332 head @ $0.85 /head $1,132levy-sheep 232 head @ $0.20 /head $46levy-lambs 1100 head @ $1.50 /head $1,650SA sheep industry levy 1332 head @ $0.67 /head $892wool selling chargesIndustry levy @ 1.5% gross $681brokerage/testing/insurance @ $0.27 /kg $1,722Feed and Other CostsWater 1858 DSE's @ $1.50 /DSE $2,786Veh Fuel, R&M 1858 DSE's @ $1.70 /DSE $3,158Other 1858 DSE's @ $0.50 /DSE $929 hay 0.0 tonne @ $230.00 /tonne $0 grain 1.0 tonnes @ $400.00 /tonne $400Insurance $240,375 value @ $2.00 /$'000 $481TOTAL VARIABLE COSTS $116,723GROSS MARGIN TOTAL $106,490GROSS MARGIN/hectare $8.03GROSS MARGIN/DSE $57


Production DataStocking rate (DSE/Ha) 0.14 Culling Rate (% from each group)Total DSE's 1858 Age group Ewes WethersSHEEP GRAZING AREA 13268 0.5 0%Number of ewes mated 1000 1.5 0%Ram percentage 2.5% 2.5 0%Age ewes bought (yrs) 1.5 3.5 0%Age ewes culled 5.5 4.5 100%Years rams kept 4 5.5 0%Flock death rate 3% 6.5 0%Average weaning rate 110%% Lambs carried over 0%

SALES Number Price/hd Age Totalc.f.a ewes 232 $150.00 5.5 $34,800c.f.a rams 0 $120.00 5.5 $0lambs 1100 $130.00 20 weeks $143,000TOTAL 1332 $133.48 $177,800PURCHASES Number Price/hd Age yrs Totalewes 262 $210 1.5 $54,922rams 7 $1,850 1.5 $12,096




ewes 970 6.50 $7.18 45283crossbred rams 24 3.00 $1.79 130

TOTAL 994 6378 45413

Hay Kgs Fed No Weeks TotalNumber Cost ($/T) per week of Feeding Cost ($)

ewes 1000 $260 3.0 0 $0rams 24 $260 3.0 0 $0

Grain Kgs Fed No Weeks TotalNumber Cost ($/T) per week of Feeding Cost ($)

ewes 1000 0.0 0 $0rams 24 3.0 0 $0


$90 $23 $27 $31 $35 $39 $43$95 $25 $29 $34 $38 $42 $46

$100 $27 $32 $36 $41 $45 $49$105 $29 $34 $39 $43 $48 $53


$125 $37 $43 $49 $55 $60 $66$130 $39 $45 $51 $57 $63 $69$135 $42 $48 $54 $60 $66 $73$140 $44 $50 $56 $63 $69 $76

GROSS MARGIN/DSE

Sales


Shearing

Feeding



SR Merino - Pastoral Zone

COMMENTS (1) DSE ratings are based on the maintenance feed requirements of a 2 year old, 50 Kg liveweight Merino Wether with a body condition score of 2.(2) The wool price is 90% the price for that micron. This takes into account the lower value of bellies, skirtings,locks etc. (3) Super/workcover expenses relate only to shearing


2021INCOME YOUR


VARIABLE COSTSShearingShearing 2176 sheep @ $324.31 /100 $7,057(Federal Awards) 30 rams @ $648.62 /100 $195Shed labour 10 days @ $245.56 /day $2,456Woolclasser 5 days @ $312.11 /day $1,561Superannuation (on ordinary wages only) (3) @ 9.5% wages $1,070Work Cover (includes super + o'time etc) @ 4.0% total $494Wool packs 62 packs @ $12.00 /pack $744Shed sundries 2205 sheep @ $0.20 /head $441Lice control 2205 sheep @ $1.29 /head $2,847Crutch & wig 1376 sheep @ $94.05 /100 $1,294

MarkingLamb marking 800 lambs @ $1.40 /head $1,120Pain relief 900 lambs @ $0.45 /head $405Ear tags 800 lambs @ $0.37 /head $296Animal Health drench 0 sheep @ $0.42 /head $0 vaccinate 3030 sheep @ $0.22 /head $659 blowfly control 1000 sheep @ $1.25 /head $1,247other 0 sheep @ $0.00 /head $0Sale and Purchase CostsPurchases 8 Merino rams @ $1,500.00 /head $12,000Freight 753 sheep @ $7.00 /head $5,271

62 bales @ $17.00 /bale $1,054Stock selling charges commission/insurance @ 6.0% gross $6,816 yard fees 753 head @ $0.85 /head $640transaction levy 753 head @ $0.20 /head $151SA sheep industry levy 753 head @ $0.67 /head $504Wool selling chargesbrokerage/testing/insurance @ $0.27 /kg $2,833Industry levy @ 1.5% gross $1,017Feed and other CostsHand Feeding - rams $365Insurance $396,799 value @ $2.00 /$'000 $794Water 2660 DSE's @ $1.50 /DSE $3,990Veh Fuel, R&M 2660 DSE's @ $1.70 /DSE $4,522Other 2660 DSE's @ $0.50 /DSE $1,330TOTAL VARIABLE COSTS $63,172GROSS MARGIN TOTAL $118,253GROSS MARGIN/hectare $6.22



Stocking rate (DSE/Ha) 0.14 Culling Rate (% per each group)Total DSE's 2660 Age group Ewes WethersSHEEP GRAZING AREA 19000 0.5 0% 0%Number of ewes mated 1000 1.5 45% 100%Ram percentage 3.0% 2.5 0% 0%Age wethers sold (yrs) 1 3.5 0% 0%Years rams kept 4 4.5 0% 0%Flock death rate 3% 5.5 0% 0%Average weaning rate 80% 6.5 100% 0%Prime lamb weaning % 0%% mated for prime lms 0%

Number of timesNumber DSE Drench Vacc. Jet




Wethers 400 0 0 0 0 0 0Rams 8 8 7 7 0 0

SALES Number Price/hd Totalc.f.a ewes 182 $150.00 $27,300c.f.a merino rams 7 $120.00 $840ewe hoggets 176 $210.00 $36,960wether lambs 35kg store 388 $125.00 $48,500TOTAL 753 $150.87 $113,600

Number of Hay kg/ TotalFeed Animals Cost ($/T) Fed Animal Cost ($)Oats/barley 1000 0.0 /ewe $0Hay 1000 $260 0.0 /ewe $0Lupins 800 $320 0.0 /weaner $0Lupins 30 $320 38.0 /ram $365TOTAL $365


$126 $32 $34 $36 $38 $40 $42$131 $33 $35 $37 $39 $41 $43$136 $35 $37 $39 $40 $43 $44$141 $36 $38 $40 $42 $44 $46

Average $146 $37 $39 $41 $43 $45 $47Sale $151 $39 $41 $43 $44 $47 $48

Price ($/hd) $156 $40 $42 $44 $46 $48 $50$161 $41 $43 $45 $47 $49 $51$166 $43 $45 $47 $48 $51 $52$171 $44 $46 $48 $50 $52 $54$176 $45 $47 $49 $51 $53 $55

GROSS MARGIN/HA

Sales


Feeding


Production Data

Wool Cut Total Yield TotalNumber kg/hd Greasy kg (%) Clean kg

ewes 982 6.70 6578 63% 4144ewe hoggets 394 5.20 2049 63% 1291wether weaners 0 63% 0lambs 800 2.00 1600 63% 1008merino rams 30 9.00 266 63% 168Adults 1405 8893TOTAL 2205 10493 6611

Shearing


Merino Wethers - Pastoral Zone

COMMENTS (1) DSE ratings are based on the maintenance feed requirements of a 2 year old, 50 Kg liveweight Merino Wether with a body condition score of 2.(2) The wool price is 90% the price for that micron. This takes into account the lower value of bellies, skirtings,locks etc. (3) Super/workcover expenses relate only to shearing.

Gross MarginAssumptions:Average Wether Fibre Diameter 22 Total DSE's (1) 1200Number of adult wethers 1000 Stocking rate (DSE/Ha) 0.14

2021INCOME YOUR


EXPENSESShearingShearing 960 sheep @ $324.31 /100 $3,113Shed labour 4 days @ $245.56 /day $982Woolclasser 2 days @ $312.11 /day $624Superannuation (on ordinary wages only) (3) @ 9.5% wages $448Work Cover (on wages+super+o'time etc) @ 4.0% total $207Wool packs 36 packs @ $12.00 /pack $432Shed sundries 960 sheep @ $0.20 /head $192Lice control 960 sheep @ $1.29 /head $1,240Crutching 1000 sheep @ $94.05 /100 $941Animal Health drench 0 sheep @ $0.42 /head $0 vaccinate 1000 sheep @ $0.22 /head $218 blowfly control 1000 sheep @ $1.25 /head $1,247Other Expenses 0 sheep @ $0.00 /head $0Stock PurchasesPurchases 217 wethers @ $125.00 /head $27,125Sale costs and otherFreight livestock 393 @ $7.00 /head $2,751wool 36 bales @ $17.00 /bale $612Stock selling charges commission/insurance @ 6.0% gross $1,590 yard fees 177 head @ $0.85 /head $150transaction levy 177 head @ $0.20 /head $35SA sheep industry levy 177 head @ $0.67 /head $118Wool selling chargesbrokerage/testing/insurance @ $0.27 /kg $1,646Industry levy @ 1.5% gross $591Other ExpensesHand Feeding $0Insurance 137500 value @ $2.00 /$'000 $275Water 1200 DSE's @ $1.50 /DSE $1,800Veh Fuel, R&M 1200 DSE's @ $1.50 /DSE $1,800Other Expenses 1200 DSE's @ $0.50 /DSE $600TOTAL VARIABLE COSTS $48,737GROSS MARGIN $17,164GROSS MARGIN/hectare $2.00GROSS MARGIN/DSE $14


Production DataStocking rate (DSE/Ha) 0.14 Culling Rate (% from each group) StockTotal DSE's 1200 Age group Ewes Wethers No'sSHEEP GRAZING AREA 8571 0.5 0% 217Number of wethers 1000 1.5 0% 208Flock death rate 4% 2.5 0% 200Age wethers bought (yrs) 0.5 3.5 0% 192Age wethers culled 5.5 4.5 0% 184

5.5 100%


Value Ave Live DSENumber $/head Wt (Kgs) Rating

wethers 1000 $138 55 1.20TOTAL 1000


wether hoggets 208 4.00 832 63% 524wethers 752 7.00 5264 63% 3316TOTAL 960 6096 3841

Number of times DSENumber Drench Vacc. Blowfly Rating

wethers 1000 0 1 1 1.2TOTAL 1000 0 1000 1000 1200

Average Greasy Wool Price (c/Kg)850 950 $646 1050 1100 1150

$140 $23 $28 $13 $33 $36 $38$145 $24 $29 $14 $34 $36 $39$150 $24 $29 $14 $35 $37 $40$155 $25 $30 $15 $35 $38 $40

Average $160 $26 $31 $16 $36 $38 $41Sale $165 $27 $32 $16 $37 $39 $42

Price ($/hd) $170 $27 $32 $17 $37 $40 $42$175 $28 $33 $18 $38 $40 $43$180 $29 $34 $18 $39 $41 $44$185 $29 $34 $19 $39 $42 $44$190 $30 $35 $20 $40 $43 $45

GROSS MARGIN/DSE

Sales


Shearing



kg Fed /Animal $/tonne TotalOats/barley 0 kg/wether $0Hay 0 kg/wether 260 $0Lupins 0 kg/wether 320 $0TOTAL $0

Hand Feeding


Cleanskin Sheep - Pastoral Zone

COMMENTS Assumes flock is fully wool shedding and therefore no shearing, crutching or lice control costs are included. Assumes only one lambing per year.No allowance has been made for pasture expenses such as seed, fertiliser and weed control. These need to be separately accounted for.

Gross MarginAssumptions

Total DSE's (1) 2830

Number of breeding ewes 1000 Stocking rate (DSE/Ha) 0.14

2021INCOME YOUR

$ ESTIMATE

Sales 1256 animals [ ave price $175.13 per hd] $220,010GROSS INCOME $220,010

VARIABLE COSTS$0

MarkingLamb marking 1300 lambs @ $1.15 /head $1,495Ear tags 1300 lambs @ $0.37 /head $481Animal Health drench 0 sheep @ $0.42 /head $0 vaccinate 4275 sheep @ $0.22 /head $930 blowfly control 0 sheep @ $1.25 /head $0Lice control 0 sheep @ $1.29 /head $0Sale and Purchase CostsPurchases 7 rams @ $1,850.00 /head $12,950Freight 204 ewes @ $7.00 /head $1,428

6 rams @ $7.00 /head $42397 hoggets @ $7.00 /head $2,779650 lambs @ $10.00 /head $6,500

Stock selling charges commission/insurance @ 6.0% gross $13,201 yard fees 1256 head @ $0.85 /head $1,068 sheep tran levy 606 head @ $0.20 /head $121lamb trans levy 650 head @ $1.50 /head $975SA Sheep industry levy 1256 head @ $0.67 /head $842

$0$0

Feed and other CostsHand Feeding - rams $304Insurance $521,003 value @ $2.00 /$'000 $1,042Water 2830 DSE's @ $2.50 /DSE $7,075Veh Fuel, R&M 2830 DSE's @ $0.80 /DSE $2,264Other 2830 DSE's @ $0.50 /DSE $1,415TOTAL VARIABLE COSTS $54,911GROSS MARGIN TOTAL $165,099GROSS MARGIN/hectare $8GROSS MARGIN /DSE $58



Number DSE Drench Vacc. Blowfly Liceewes 1000 2.0 0 1 0 0ewe hoggets 650 1.2 0 1 0 0wether weaners 0 1.0 0 1 0 0lambs 1300 0.0 0 2 0 0rams 25 2.0 0 1 0 0TOTAL 2975 2830 0 4275 0 0TOTAL VALUE $521,003

Number of Times

Flock StructureClass of Age GroupSheep 0.5 y.o. 1.5 y.o. 2.5 y.o. 3.5 y.o. 4.5 y.o. 5.5 y.o. 6.5 y.o.Ewes 650 234 216 199 183 169 0

Wethers 0 0 0 0 0 0 0Rams 7 6 6 6 0 0

This table shows the number of sheep in each age group at mating

SALES Number Price/hd Totalc.f.a ewes 204 $160.00 $32,640c.f.a rams 6 $120.00 $720ewe hoggets 397 $200.00 $79,400wether lambs 50kg 650 $165.00 $107,250TOTAL 1256 $175.13 $220,010

Number of Fodder TotalFeed Animals Cost ($/T) kg/ Animal Cost ($)Oats/barley 1000 $220 0 /ewe $0Hay 1000 $230 0 /ewe $0Lupins 650 $320 0 /weaner $0Lupins 25 $320 38 /ram $304TOTAL $304

Average Weaning Percentage110 120 130 140 150 160

$155 $42 $47 $52 $58 $63 $68$160 $43 $48 $53 $59 $64 $69$165 $44 $49 $54 $60 $65 $71$170 $45 $50 $56 $61 $66 $72

Average $175 $46 $51 $57 $62 $68 $73Sale Price $180 $46 $52 $58 $63 $69 $75

($/hd) $185 $47 $53 $59 $65 $70 $76$190 $48 $54 $60 $66 $71 $77$195 $49 $55 $61 $67 $73 $79$200 $50 $56 $62 $68 $74 $80$205 $51 $57 $63 $69 $75 $81

GROSS MARGIN/DSE

Sales


Feeding


Production Data


Beef Cattle - High Rainfall

COMMENTS Livestock weight will vary between cattle breed, feed type and ageNo allowance has been made for pasture expenses such as seed, fertiliser and weed control. These need to be separately accounted for.

Gross MarginAssumptions: (Breeding young cattle for local trade, grass fattened)Breeding Cow 14.5 DSE 100 Cow breeding herdCalf Weaning 90% 13 cows replaced per yearHerd Deaths 3% 3% Bulls bought for $6,000Cows c.f.a 10 years old sold for $2,000Uses 13 heifers as replacements after 3 yearsCarry over calf 8 DSE 40% carryover to heavier weightsWeaned @ 8 months 6 months extra carry overHeifers mated @ 15 months 1888 Herd DSEStocking rate 10 DSE/ha Drench cows 2 xArea required 189 hectares Drench calves 1 xFeeds 35 kg/DSE hay equivalent supplement

2021INCOME YOUR

$ ESTIMATEStock sales 54 vealers @ 280 kg liveweight @ $4.20 /kg L/W $63,504

22 yearlings @ 420 kg liveweight @ $4.00 /kg L/W $36,960Culls 10 Cows @ 550 kg liveweight @ $2.85 /kg L/W $15,027

1 bull @ $2,000GROSS INCOME $117,491

VARIABLE COSTSBull PurchasesNo. of bulls 1 $6,000 total $6,000Veterinary & MedicinesDrench - cows 2x calves 1x 290 @ $4.18 /head $1,212Ear Tags NLIS 90 @ $4.75 /tag $428Lice Treatments 100 @ $4.18 /dose $418Vaccine (5 in 1) 180 @ $0.80 /dose $145

Supplementary FeedHay 66 tonne @ $230.00 /tonne $15,180Grain 0.00 t/head @ $220.00 /tonne $0Blocks/ Mineral Mix 100 @ $5.00 /head $500Sale costs and otherInsurance $119,000 @ $2.00 /$1000 $238Water 1888 dse's @ $1.50 $2,832Veh Fuel, R&M 1888 dse's @ $1.00 $1,888Other 1888 dse's @ $0.50 $944Transport: Lvstk 87 head @ $30.00 /head $2,598

Commission @ 6.0% $7,049Levies @ $5.00 /head $433TOTAL VARIABLE COSTS $39,865GROSS MARGIN TOTAL $77,626GROSS MARGIN PER COW $776GROSS MARGIN/DSE $41.11GROSS MARGIN/hectare $411.15



PER COW

$3.75 $3.95 $4.15 $4.35 $4.5560% $307 $336 $364 $393 $42165% $370 $402 $434 $466 $49870% $433 $468 $504 $539 $57475% $496 $535 $573 $612 $651

Weaning 80% $559 $601 $643 $685 $727% 85% $622 $667 $713 $758 $804

90% $685 $734 $783 $831 $88095% $748 $800 $852 $904 $956

100% $811 $867 $922 $977 $1,033PER DSE

$3.75 $3.95 $4.15 $4.35 $4.5560% $16 $18 $19 $21 $2265% $20 $21 $23 $25 $2670% $23 $25 $27 $29 $3075% $26 $28 $30 $32 $34

Weaning 80% $30 $32 $34 $36 $39% 85% $33 $35 $38 $40 $43

90% $36 $39 $41 $44 $4795% $40 $42 $45 $48 $51

100% $43 $46 $49 $52 $55

$/kg Liveweight(vealers and yearlings)

$/kg Liveweight(vealers and yearlings)

0

20

40

60

80

100

120

140

160

Bull Purch

ases

Animal H

ealth

Supplemen

tary F

eed

Sale Costs

Transp

ortOthe

r

$/Co

wCost/cow


Beef Cattle - Cereal Zone

COMMENTS No allowance has been made for pasture expenses such as seed, fertiliser and weed control. These need to be separately accounted for.

Gross MarginAssumptions: (Breeding young cattle for local trade, grass fattened)Breeding Cow 14.5 DSE 100 Cow breeding herdCalf Weaning 90% 13 cows replaced per yearHerd Deaths 3% 3% Bulls bought for $6,000Cows c.f.a 10 years old sold for $2,000Uses 13 heifers as replacements after 3 yearsCarry over calf 8 DSE 50% carryover to heavier weightsWeaned @ 8 months 6 months extra carry overHeifers mated @ 15 months 1960 Herd DSEStocking rate 5.00 DSE/ha Drench cows 2 xArea required 392 hectares Drench calves 1 xFeeds 35 kg/DSE hay equivalent supplement

2021INCOME YOUR

$ ESTIMATEStock sales 45 vealers @ 280 kg liveweight @ $4.20 /kg L/W $52,920

31 yearlings 400 kg liveweight @ $4.00 /kg L/W $49,600Culls 10 Cows @ 550 kg liveweight @ $2.85 /kg L/W $15,027

1 bull@ $2,000GROSS INCOME $119,547

VARIABLE COSTSBull PurchasesNo. of bulls 1 @ $6,000 total $6,000Veterinary & MedicinesDrench - cows 2x calves 1x 290 @ $4.18 /head $1,212Ear Tags 90 @ $4.75 /tag $428Lice Treatments 100 @ $4.18 /dose $418Vaccine (5 in 1) 180 @ $0.80 /dose $145





PER COW

$3.70 $3.90 $4.10 $4.30 $4.5060% $292 $321 $351 $380 $41065% $355 $388 $421 $454 $48770% $417 $454 $490 $527 $56375% $480 $520 $560 $600 $640

Weaning 80% $543 $586 $630 $673 $716% 85% $606 $653 $699 $746 $793

90% $669 $719 $769 $819 $86995% $732 $785 $839 $892 $946

100% $795 $852 $908 $965 $1,022PER DSE

$3.70 $3.90 $4.10 $4.30 $4.5060% $15 $16 $18 $19 $2165% $18 $20 $21 $23 $2570% $21 $23 $25 $27 $2975% $25 $27 $29 $31 $33

Weaning 80% $28 $30 $32 $34 $37% 85% $31 $33 $36 $38 $40

90% $34 $37 $39 $42 $4495% $37 $40 $43 $46 $48

100% $41 $43 $46 $49 $52

$/kg Liveweight(vealer/yearlings)

$/kg Liveweight(vealer/yearlings)

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Beef Cattle - Pastoral Zone

COMMENTS Feed costs include an allowance for drought fodder.Livestock weight will vary between cattle breed, feed type and age.

Gross MarginAssumptions: (Breeding young cattle for store trade)Breeding Cow 14.5 DSE 100 Cow breeding herdCalf Weaning 80% 13 cows replaced per yearHerd Deaths 3% 3% Bulls bought for $5,000Cows c.f.a 10 years old sold for $1,500Uses 13 heifers as replacements after 3 yearsCarry over calf 8 DSE 100% carryover to heavier weightsWeaned @ 8 months 6 months extra carry overHeifers mated @ 20 months 1997 Herd DSEStocking rate 0.14 DSE/ha Drench cows 0 xArea required 14263 hectares Drench calves 0 xFeeds 20 kg/DSE hay equivalent supplement

2021INCOME YOUR

$ ESTIMATEStock sales 40 young 280 kg liveweight @ $4.00 /kg $44,800

27 bullocks 500 kg liveweight @ $3.80 /kg $51,300Culls 10 Cows @ 550 kg lwt @ $2.85 /kg $15,675

1 bull@ $1,800GROSS INCOME $113,575

VARIABLE COSTSBull DepreciationBull purchase 1 @ $5,000 total $5,000Veterinary & MedicinesDrench 0 @ $4.18 /head $0Ear Tags 80 @ $4.75 /tag $380Lice Treatments 0 @ $4.18 /dose $0Vaccine (5 in 1) 0 @ $0.80 /dose $0Supplementary FeedHay 45 tonne @ $230.00 /tonne $10,350Grain 0.00 t/head @ $220.00 /tonne $0Sale costs and otherInsurance $111,500 @ $2.00 /$1000 $223Water 1997 dse's @ $2.50 $4,992Veh Fuel, R&M 1997 dse's @ $1.00 $1,997Other 1997 dse's @ $0.50 $998Transport: Lvstk 78 head @ $60.00 /head $4,680




PER COW

$3.60 $3.80 $4.00 $4.20 $4.4060% $290 $317 $343 $369 $39665% $341 $370 $399 $428 $45770% $391 $423 $455 $487 $51975% $441 $476 $511 $546 $580

Weaning 80% $492 $529 $567 $604 $642% 85% $542 $583 $623 $663 $704

90% $593 $636 $679 $722 $76595% $643 $689 $735 $781 $827

100% $693 $742 $791 $840 $888PER DSE

$3.60 $3.80 $4.00 $4.20 $4.4060% $15 $16 $17 $18 $2065% $17 $19 $20 $21 $2370% $20 $21 $23 $24 $2675% $22 $24 $26 $27 $29

Weaning 80% $25 $27 $28 $30 $32% 85% $27 $29 $31 $33 $35

90% $30 $32 $34 $36 $3895% $32 $35 $37 $39 $41

100% $35 $37 $40 $42 $44

$/kg LWT young

$/kg LWT young

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Beef Trading - High Rainfall

COMMENTS Livestock weight will vary between cattle breed, feed type and ageNo allowance has been made for pasture expenses such as seed, fertiliser and weed control. These need to be separately accounted for.

Gross MarginAssumptions: (Finishing young cattle for local trade, grass fattened)

Herd Deaths 2%

Vealers 8 DSEYearlings 12 DSE

1960 Herd DSEStocking rate 10 DSE/haArea required 196 hectares Drench vealers 1 xFeeds 35 kg/DSE hay equivalent supplement

2021INCOME YOUR

$ ESTIMATEStock sales 0 vealers @ 280 kg liveweight@ $4.20 /kg L/W $0

196 yearlings 420 kg liveweight@ $3.90 /kg L/W $321,048$0$0

GROSS INCOME $321,048

VARIABLE COSTSPurchasesVealers 200 @ 280 kg $4.05 /kg L/W $226,800Transport 200 $30 /head $6,000Veterinary & MedicinesDrench - vealers 1x 200 @ $4.18 /head $836Ear Tags NLIS 196 @ $4.75 /tag $931Lice Treatments 200 @ $4.18 /dose $836Vaccine (5 in 1) 200 @ $0.80 /dose $161


Commission @ 6.0% $19,263Levies @ $5.00 /head $980TOTAL VARIABLE COSTS $283,799GROSS MARGIN TOTAL $37,249

GROSS MARGIN/DSE $19.00GROSS MARGIN/hectare $190.05

Gross Margin SensitivityPER DSE

$3.50 $3.70 $3.90 $4.10 $4.302.70$ $39 $48 $56 $64 $722.80$ $37 $45 $53 $61 $70

$/kg 2.90$ $34 $42 $50 $58 $67Liveweight 3.00$ $31 $39 $47 $56 $64Purchases 3.10$ $28 $36 $45 $53 $61(Vealers) 3.20$ $25 $34 $42 $50 $58

3.30$ $23 $31 $39 $47 $56

$/kg Liveweight sales(yearlings)


Assumptions: Local supermarket, 210kg HSCW Carcase, AUSMEAT Fat Score 3-4Steer Costs: Steer purchase $960 for 240 kg @ $4.00 /kg liveweight Transport In $30.00 /head Average weight gain:- 1.80 kg/hd/day Est. dressing % 55 % Carcase weight specification :- 230 kg HSCW

Final liveweight in lot 418 kgAvge liveweight in lot 329 kg

Est. time on feed 100 daysFeed Costs: Avge daily Feed intake 11.515 kg Total feed consumed 1151 kg (3.5% of Liveweight) Feed Wastage 5% 58 kg Death Rate 1% Feed cost per tonne $240.00 without premix / suppliment

2021INCOME Per YOURFinished steers & 2% poor performers sold at 30 days Head ESTIMATE

0.97 Steer @ 230 kg carcass @ $7.10 /kg HSCW $1,584.010.02 Steer @ 240 kg liveweight $4.20 /kg LVWT $20.160.01 Steer @ 0 $0.00 $0.00

TOTAL INCOME $1,604.17

VARIABLE COSTSPurchasesSteer purchase 1 @ $960 /head 960.00Feeding Out & FeedFeed purchased 1180 kg @ $240.00 /tonne 283.09Premix cost per tonne mixed feed 1180 kg @ $50.00 /tonne 58.98Milling costs + Labour @ $28.00 /head 28.00Water @ $20.00 /head 20.00Veterinary & MedicinesDrench, Dectomax 1 @ $4.88 /head 4.88Ear Tags 1 @ $0.50 /tag 0.50HGP implant , Synovex 0 @ $2.50 /dose 0.00Lice Treatments 0 @ $0.00 /dose 0.00Vaccine 1 @ $1.00 /dose 1.00Veterinary 1 @ $1.25 /head 1.25Vitamin injection 0 @ $1.50 /head 0.00Losses 0.60% @ $7.46 /head 7.46Sale, transport and other costsInsurance $960 @ $2.00 /$1000 1.92Transport In 1 @ $15.00 /head 15.00

Out 1 @ $30.00 /head 30.00Commission @ 6.0% /head 96.25Levies @ $5.00 /head 4.95Accreditation costs on a 600 hd/year throughput 1.00TOTAL VARIABLE COSTS $1,514GROSS MARGIN PER HEAD $90Current interest rate 5.0%Interest on cattle $13.15Interest on feed $3.88GROSS MARGIN AFTER INTEREST $73Break even sale price :-- c/kg on purchase price, costs & interest $677Break even purchase price :-- c/kg on sale price & costs $422

Beef Feed Lot

COMMENTS Feed consumed allows for poor performing stock sold at 30 days with 5% wastage.

Gross Margin

Gross Margin SensitivityPER HEAD

$6.50 $6.80 $7.10 $7.40 $7.70210.00$ -$11 $57 $125 $194 $262220.00$ -$23 $45 $114 $182 $250230.00$ -$35 $33 $102 $170 $239

Feed Cost 240.00$ -$47 $22 $90 $158 $227/tonne 250.00$ -$59 $10 $78 $147 $215

260.00$ -$70 -$2 $66 $135 $203270.00$ -$82 -$14 $55 $123 $191

$/kg HSCW Carcase


Farm Costs - Livestock 2020Note: 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.

SHEEPLice Control Avenge $20.00 /litre

$1.60 /80ml dose

Extinosad $50.00 /litre

$1.50 /30ml dose

Extinosad Eliminator $200.00 /litre

$8.00 per 40mls = 100ltrs wash

Piranah $770.00 /litre

$7.70 per 10ml=100lts wash

Viper $22.00 /litre

$1.76 /80ml dose

Drench Triguard $38.00 /litre

$0.46 /12ml dose

Avomec Dual $49.50 /litre

$0.59 /12ml dose

Q-Drench $65.00 /litre

$0.78 /12ml dose

Cydectin $30.00 /litre

$0.36 /12ml dose

Dynamax Capsules $419.00 /100 capsules

$4.19 /capsule

Zolvix Plus $187.00 /litre

$1.12 /6ml dose

Cydectin Long Acting Injectable $300.00 /500ml

$1.80 /3ml dose

Startect $90.00 /litre

$1.08 /12ml dose

Vaccine Glanvac 3 $62.00 /250ml

$0.25 /1ml dose

Glanvac 3B12 $112.00 /250ml

$0.45 /1ml dose

Glanvac 3SB12 $130.00 /250ml dose

$0.52 /1ml dose

Glanvac 6 $85.00 /250ml

$0.34 /1ml dose

Glanvac 6B12 $148.00 /250ml

$0.59 /1ml dose

Glanvac 6SB12 $165.00 /250ml

$0.66 /1ml dose

Cobalife Vit B12 $60.00 /500ml

$0.12 /1ml dose

Cobalife Vit B12 + S $65.00 /500mls

$0.13 /1ml dose

Ultravac 5 in 1 $65.00 /250ml

$0.26 /1ml dose

Ultravac 5 in 1 with B12 $95.00 /500ml

$0.38 /2ml dose

Weanerguard B12 + S $220.00 /500ml

$1.32 /3ml dose

Eweguard B12 + S $265.00 /500ml

$1.33 /2.5ml dose

Scabigard $125.00 /5ml

$0.50 /0.02ml dose

Eryvac $170.00 /250ml

$0.68 /1ml dose

Gudiar $732.00 /250ml

$2.93 /1ml dose

Multimin Injection $360.00 /500ml

$1.80 /5ml dose

Vit ADE $160.00 /500ml

$0.80 /5ml dose

Blowfly Control Clik $58.00 /litre

$1.39 /24 ml dose

Vetrazin Spray On $12.00 /litre

$0.79 /66ml dose

Vetrazin Jetting Fluid $38.00 /litre

$76.00 per 2L=1000l jetting fluid

Blowfly and Lice $60.00 /litre

$120.00 per 2L=1000l jetting fluid


BEEFDrench Eprinex Pour-on $87.50 /litre

$4.38 /25ml dose

Eclipse Combination Pour-on $190.00 /litre

$5.23 /27.5ml dose

Cydectin Pour-on $77.00 /litre

$4.24 /55ml dose

Baymec LV $58.40 /litre

$0.73 /12.5ml dose

Dectomax Pour-on $80.00 /litre

$4.40 /55ml dose

Fly and Lice Arrest Easy Dose $92.00 /litre

$2.76 /30ml dose

Vaccine Ultravac 5 in 1 $65.00 /250 ml

$0.52 /2ml dose

Ultravac 5 in 1 with B12 $95.00 /500 ml

$0.76 /4ml dose

Ultravac 7 in 1 $220.00 /250 ml

$2.20 /2.5ml dose

Multimin Inj $380.00 /500ml

$3.80 /5 ml dose

Vit ADE $160.00 /500ml

$1.60 /5ml dose

Cobalife Vit B12 $60.00 /500 ml

$0.60 /5 ml dose

Cobalife Vit B12 + S $65.00 /500ml dose

$0.65 /5ml dose

NLIS Breeder Tags (incl levy) $4.75 each

Electronic Sheep Tags $1.65 each

Indicative freight costs for GM purposes Freight cattle in $30.00

Freight cattle out $30.00

Freight cattle out (Pastoral) $60.00

Cattle levy $5.00

FEED & OTHER COSTSWater $2.50 /DSE

Veh Fuel, R&M $1.00 /DSE

Other $0.50 /DSE

Hay $260.00 /tonne incl freight

Feed Cereal grain $280.00 /tonne incl freight

Lupins $450.00 /tonne incl freight

Pre Lambing Lick Block $30.00 /block

Dry Feed Lick Block $32.00 /block

STOCK RETURNS

2017 Average (Clean)



2020 Estimated

Price (Clean)

2020 Estimated

Greasy Price

WOOL- High Rainfall 28 mic 70% yield 756 895 1027 915 641

- High Rainfall 19 mic 70% yield 1878 2223 2039 1820 1274

- Med Rainfall 21 mic 68% yield 1533 2085 1995 1780 1210

- Low Rainfall 22 mic 63% yield 1461 2065 1983 1765 1112

- Crossbred Ram 32 mic 64% yield 450 539 485 310

SHEEP (continued)Wool packs nylon $12.40 ea

Shearing Sheep $318.62 /100

rams $637.24 /100

shed labour $241.12 /day

wool classer $306.75 day

superannuation 9.50% wages

Work Cover-Allow 4.00% total

shed sundries $0.20 /head

Crutching sheep $92.40 /100

rams $184.80 /100

Lamb marking mulesing / materials $1.40 /head

marking only $1.15 /head

ear tags $0.43 /head

Tri-Solfen $165.00 /litre

$1.65 /10 ml dose

Stock selling commission/insurance 6.0%

yard fees $0.85 /head

sheep transaction levy $0.20 /head

lamb transaction levy $1.50 /head

SA sheep industry levy $0.67 /head

wool brokerage / testing / insurance $0.27 /kg

wool levy 1.5%


Farm Costs - Cropping 2020Note: 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.

CHEMICAL COSTS - HERBICIDES2,4-D Amine (625g/l) $5.90 /litre

2,4-D LV Ester (680g/l) $8.45 /litre

Achieve® WG $52.00 /kg

Affinity® $114.90 /litre

Aptitude® $59.76 /kg

Atlantis® (mesosulfuron 30g/L) $88.00 /litre

Atrazine (900 g/kg) $6.93 /litre

Axial® $130.00 /litre

Balance ® $0.15 /gram

Boxer Gold® $12.52 /litre

Broadstrike® $0.39 /gram

Diflufenican (Brodal) $39.50 /litre

Bromoxynil 200 $16.30 /litre

Bromoxynil /MCPA $18.85 /litre

Cadence® (700gm/Kg Dicamba) $35.90 /kg

Chlorsulfuron 750g/kg (Glean) $0.08 /gram

Clopyralid 300g/L (Lontrel® Advanced) $17.25 /litre

Rexade® (New formulation of Crusader®) $330.00 /litre

Diuron 900 gm a.i. granules $13.25 /kg

Factor® (butroxydim 250g/kg) $0.14 /gram

Flight® $30.00 /litre

Triclopyr 755g/L $20.50 /litre

Triclopyr 600g/L $13.80 /litre

Glyphosate 540g/L $5.40 /litre

Glyphosate 450g/L $4.50 /litre

Carfentrazone 400g/L (Hammer) $151.80 /litre

Intervix® $29.46 /litre

Metribuzin 750 gm/kg $48.00 /kg

M.C.P.A. LVE $8.14 /litre

MCPA Amine (750g/L) $9.94 /litre

Metsulfuron methyl $0.06 /gram

Oxyfluorfen 240g/L $15.76 /litre

Paradigm® $0.49 /gram

Paraquat 250 g/L $4.95 /litre

Precept® $16.50 /litre

Propyzamide (500 g/L) $21.80 /litre

Quizalofop 200g/L $19.80 /litre

Raptor $0.50 /litre

Reglone® $13.80 /litre

Roundup Ready PL with Plantshield $6.00 /litre

Sakura® $343.20 /kg

Sentry® $0.19 /gram

Clethodim (360g/L) $20.50 /litre

Sharpen® $0.42 /gram

Simazine Granules 900g/kg $7.53 /kg

S-metolachlor 960g/L (Dual®Gold) $16.00 /litre

Imazethapyr 700g/kg $93.00 /kg

Sprayseed® $9.50 /litre

Starane® Advanced (fluroxypyr 333g/L) $22.95 /litre

Terbyne® 875 $21.00 /kg

Tigrex $14.00 /lt

Topik® EC $33.36 /litre

Tri-allate 500g/L $11.50 /litre

Triasulfuron 750g/kg (Logran) $0.10 /gm

Valor® $146.67 /kg

Velocity® $32.15 /litre

Trifluralin 480g/L $8.00 /litre

Haloxyfop 520g/L (Verdict) $44.00 /litre

Talinor $26.26 /litre

Prosulfocarb $9.95 /litre

Pixxaro $42.50 /litre

Butisan $39.00 /litre

Luximax $78.00 /litre



CHEMICAL COSTS - ADJUVANTSUptake (Oil) $6.20 /litre

BS-1000 (WETTER) $5.60 /litre

Supercharge® $7.20 /litre

Hasten® $4.70 /litre

Banjo® $4.95 /litre

Adigor® $8.40 /litre

Hot-up® $5.00 /litre

LI-700 $4.90 /litre

Ammonium Sulphate $0.90 /kg

Oil Cost $2.33 Assume 75l/ha @0.5% oil

Wetter Cost per Ha $0.42 Assume 75l/ha @ 0.1% surf.

CHEMICAL COSTS - INSECTICIDESDimethoate 400g/L $9.10 /litre

Alpha-cypermethrin 16g/L $7.29 /litre

Lambda-cyhalothrin (Karate Zeon®) $108.00 /litre

Trojan® $95.98 /litre

Sumi-Alpha® Flex $9.84 /litre

Pyrinex® Super $11.60 /litre

Imidan® $13.50 /litre

Pirimicarb 500g/kg $30.00 /kg

Chlorpyrifos 500g/L $9.78 /litre

Bifenthrin 250g/L (Talstar®) $34.00 /litre

Imidacloprid 600g/L $36.30 /litre

Transform $180.00 /litre

Affirm $79.70 /litre

Cruiser 350 $49.50 /litre

Cobalt $8.45 /litre

Omethoate $28.00 /litre

CHEMICAL COSTS - FUNGICIDESApron® XL 350 ES $395.00 /litre

Mancozeb 750g/kg $8.83 /kg

Veto® 25C Flowable $13.86 /litre

Vibrance® $38.40 /litre

EverGol® Energy $54.50 /litre

Rancona Dimension® $40.00 /litre

Baytan® T Flowable $14.95 /kg

Pontiac® $26.25 /kg

P-Pickel T $34.00 /litre

Carbendazim 500g/kg $9.85 /kg

Tebuconazole 430 $14.90 /litre

Propiconazole 250g/L $11.39 /litre

Chlorothalonil 720g/L $12.54 /litre

Prosaro® $74.50 /litre

Amistar Xtra® $34.00 /litre

Tazer® Xpert $14.50 /litre

Systiva® $215.30 /litre

Procymidone 500g/L $24.60 /litre

Cogito® $24.17 /litre

Veritas® $24.90 /litre

Epoxiconazole 125g/L $24.00 /litre

Flutriafol (500g/l) $39.00 /litre

Aviator X-Pro® $54.50 /litre

Uniform® $63.30 /litre

CHEMICAL COSTS - TRACE ELEMENTSZinc (65% Zn) $11.40 /litre

Copper (50% Cu) $17.50 /litre

Manganese (40% Mn) $11.90 /litre



FUEL COSTSTotal price - Diesel (GST Exc) $1.30 /litre

Rebate $0.42 /litre

Net Price Diesel - $/litre $0.88 /l bulk includes rebate

FERTILISER COSTSMAP 10:22 $575 /tonne

DAP 18:20 $575 /tonne

Urea $500 /tonne

Superphosphate $360 /tonne

Granulock Z 11:22:0:4 plus 1% Zinc $640 /tonne

DAP + Urea 24:16 $576 /tonne



Sulphate of Ammonia $400 /tonne

GRAIN GRADING & PICKLING Cost /TonneGrading and pickling cereals $24.00

other crops $30.00

Grain Pickling- Wheat Veto® 25C Flowable $13.86

-Durum EverGol® Energy $141.70

-Barley Systiva® $322.95

Aphid Control - Cereals Imidacloprid (240ml/100Kg) $8.71 /100 kg treated seed

- Lupins Imidacloprid (300ml/100Kg) $10.89 /100 kg treated seed

Inoculant Legumes $50.00 /tonne treated seed

Seed Treatment Apron® XL 350 ES $296.25 /tonne treated seed

P-Pickle T $68.00 /tonne treated seed

Note- Assumes minimum standard of application for smuts and bunts. More expensive options available which may give some control of foliar diseases. Seek advice

FREIGHT COSTS (as included in Gross Margins) Cost /TonneCANOLA $30.00

FERTILIZER $25.00

LENTILS $35.00

OTHER LEGUME GRAINS $30.00

CEREAL GRAINS $25.00

TRITICALE $25.00

HAY-OATEN $30.00

CONTRACT RATES (indicative only- will be highly variable depending on situation) RangeGround Spraying $11.00 /hectare

Aerial spraying $15.00 /hectare

Contract harvesting cereals, low rainfall $60.00 /hectare $55-65/Ha

Contract harvesting cereals, medium rainfall $75.00 /hectare $70-80/Ha

Contract harvesting cereals, high rainfall $90.00 /hectare $85-95/Ha

Contract harvesting pulse/canola, low rainfall $70.00 /hectare $60-80/Ha

Contract harvesting pulse/canola, medium rainfall $85.00 /hectare $75-95/Ha

Contract harvesting pulse/canola, high rainfall $100.00 /hectare $90-110/Ha

Windrowing $38.00 /hectare

Contract spreading $8.50 /hectare excludes cartage

Contract sowing $50.00 /hectare

Haymaking

Contract mowing/ conditioning $50.00 /hectare

Hire of rake (supply own tractor and labour) $8.00 /hectare

Contract baling (725kg square bales) $25.00 /bale

Super conditioner (oaten hay) $25-40.00 /hectare

Hay Accumulation $3.00 /bale


Machinery Cost Information 2020Note: 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. Rates are for low rainfall sitation. Inflate relevant costs (eg Harvesting) in higher yielding situations.

Farm Costs 2020Note: 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.

INSURANCE COSTSLivestock

Sheep and cattle $2.00 /$1,000 insured

Crops

Cereals $9.00 /$1,000 insured

Chickpeas, lupins, safflower $10.00 /$1,000 insured

Faba beans, vetch, lentils, canola $12.00 /$1,000 insured

Field Peas $16.00 /$1,000 insured

Repairs & Maintenance - as a % of new value (shown below).

Lubrication costs - 5% of fuel cost.

Expected Work Work Fuel Rep & Main Hours

New Value Life - Efficiency Rate Use % New use

$ hours % ha/hr litre/hr Value per year Rep & Main Fuel Lubric'n Total

Tractor (220 kW) 250000 8,000 2 500 $10.00 $10.00

Tractor (90 kW) 150000 8,000 2 500 $6.00 $6.00

S.P. header (11.5 m) 700000 2,500 85% 9.0 50 2.5 250 $7.78 $0.00 $0.00 $7.78

S.P. header 11.5 m)(peas, lentils, vetch) 700000 2,500 70% 7.0 50 4 250 $16.00 $0.00 $0.00 $16.00

SP header(11.5m) beans, chicks, lupins) 700000 2,500 70% 7.5 50 3 250 $11.20 $0.00 $0.00 $11.20

Airseeder (15m) 250000 2,000 80% 10.0 45 2 250 $2.00 $0.00 $0.00 $2.00

Boomspray (36 m) 140000 1,500 75% 45.0 20 2 150 $0.41 $0.00 $0.00 $0.41

Roller (12 m) 30000 5,000 90% 10.0 20 1 20 $1.50 $0.00 $0.00 $1.50

Mower-conditioner (5m) 60000 2,000 80% 4.0 12 2 100 $3.00 $0.00 $0.00 $3.00

Cost per hour

Cost per hour

Costs per Hectare Machine

In 2020, SAGIT is investing in these new projects:• 2020 National Controlled Traffic Farming Conference, Adelaide,

Australian Controlled Traffic Farming• Development of a dual-purpose common vetch variety for arid South

Australia, University of Adelaide• Enhancing grain production and quality traits for bread wheat,

University of Adelaide• Evaluation of dual purpose awnless wheat varieties for frost

management, LongReach Plant Breeders• Eyre Peninsula internship in applied grains research, AIR EP• MacKillop Farm Management Group annual trial results book,

MacKillop Farm Management Group• Maximising performance of pre-emergent herbicide workshops,

EPARF• Management of fungicide resistant wheat powdery mildew,

Trengove Consulting

5329

/SAGITFund @SAGrainTrust bit.ly/SAGITYouTubewww.sagit.com.au

SA grain growers funding research solutions

S A G I TS A G I T

The South Australian Grain Industry Trust annually invests more than $1.5 million to research and development projects across the industry, from growing, farming systems, soil management, nutrition, harvesting, storage, processing and marketing and extension of information to growers.

SAGIT is also supporting these ongoing projects:• A genetic, environmental and functional;

investigation of late maturity alpha-amylase (LMA) and its implications for wheat breeding, University of Adelaide

• Agronomic and quality analysis of high protein malt barley in SA, SARDI

• Comparative effects of agricultural pesticides on SA soil microbial functions, University of South Australia

• Deep ripping to enhance production on Mallee sandy soils, Mallee Sustainable Farming

• Grower crop root health workshops, SARDI• Improved phosphorus prescription maps -

beyond replacement P, Trengove Consulting• Improved soil water decisions across the

S.E. cropping region, Mackillop Farm Management Group Inc

• Improving productivity of oats, SARDI• Improving the early management of dry

sown cereal crops, SARDI

• Increasing reliability of lentil production on sandy soils, Trengove Consulting

• Increasing the knowledge and understanding of micronutrient deficiency in the Upper North, Upper North Farming Systems

• Investigating frost susceptibility in Clearfield varieties treated with imidazolinone herbicide, Mallee Sustainable Farming

• Long-term cropping systems trial, Hart Field- Site Group

• Optimising P nutrition in pulses to maximise N fixation and yield, Agronomy Solutions

• Profitable pulses for the Murray Plains, Murray Plains Farmers

• Promoting secondary and tertiary student engagement in crop production, AgXtra

• Rapid development of innovative lentils for low rainfall regions, Global Grain Genetics

• Regional internship in applied grains research, Hart Field-Site Group

• Novel bulk grain modelling for contamination sorting and separation

using computer simulation, University of South Australia• Pre-emptive flame retardant as a new tool for SA grain growers,

SANTFA• Publication of the 2021 Farm Gross Margin Guide for SA, PIRSA/

Rural Solutions• Revealing invertebrate species and conditions causing seedling

damage in field settings, Maarten van Helden• Regional internship in applied grains research, Hart Field Site Group• SA Crop Variety Sowing Guide, SARDI• SANTFA Conference 2021-2023, SANTFA• Taking South Australian canola profitability to the next level, AIR EP• WA frost/low rainfall speaker for SA spring field days, Mallee

Sustainable Farming

• Revealing the basis for head-loss in barley, University of Adelaide

• SA Crop Variety Sowing Guide, SARDI• Saline field evaluation of a wheat population

identifying novel salinity tolerance, University of Adelaide

• Seed priming to improve South Australian crop germination, SANTFA

• Soil water and temperature thresholds for early wheat establishment, CSIRO

• Strategies to enhance the value of on-farm grain storage in South Australia, University of South Australia

• Strategies to enhance the value of on-farm grain storage in South Australia, CSIRO

• Supporting premier PA events: Precision Ag EXPOS and Symposiums, SPAA

• Uniform seed distribution along the row to increase yields and reduce seed costs, Northern Sustainable Soils

• Upper North Barley time of sowing; frost / heat stress effects, Upper North Farming Systems

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Farm Gross Margin and Enterprise Planning Guide

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