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2012 SMF Crops
Final Presentation
SMF Manager Roles & Responsibilities

    Provide leadership to the class
    Support the SMF managers
    Provide a vision for and direction for SMF
SMF – Powered By New Holland
 10-year,   multi-million dollar Deal

 “We’reproud to enter into this agreement with
 New Holland, a company that shares our
 passion for education and innovation” says
 Glenn Charlesworth, president of Lakeland
 College
Management Team
 Amy  Smith – Operations
 Jared Sapach – Marketing
 Lindsey Stanko – Finance
 Codey Boehm – Public Relations
 Cory Laird - Production
Presentation Information
 InformationPackage
 Question Period will follow each group
  presentation
Agenda
 Public Relations
 Operations
 Marketing
 Intermission
 Finance
 Production
Public
Relations
Codey Boehm
Public Relations Manager
Members and Roles
 Group members include:
     Ashleigh B, Ashley K and Dalyn W
 Teacher Advisor: Robert Dixon


 Public   Relations is responsible for:
     Linking SMF with the agriculture industry
     Building presentations
     Creating an image for SMF
Operations
Amy Smith
Operations Manager
Members and Roles
 Group members include:
     Pearce R, Reid F and Stephen T
 Teacher Advisor: John Lunty


 Operations   is responsible for:
    Bin planning
    Scheduling harvest and trucking
    Samples and moisture tests
Field Manager Pro
A   software program designed to
    compile chemical and fertilizer used
    dates of operations
    field history
    storage and harvest data
Data Input
New & Improved Bin Plan
Importance of FMP
 Record  keeping
 Communication
 Keeps our farming operation organized
 Easy transition from class to class
Carbon Credits
   A carbon credit is a tradable certificate
   The company selling the carbon credit must
    reduce one tonne of carbon to generate the
    credit
   A company can generate one tonne of carbon
    per credit

   Main purpose of carbon credits:
     Reduce Greenhouse Gas emissions
     Make large industrial companies pay to emit
      carbon dioxide/toxic gases
     Reward farmers for reducing carbon
      emissions
Carbon Credits
 Reduced or zero tillage practices
 generate carbon credits

 Growingcrops take in CO2 and emit O2
 through photosynthesis

 Carbon    credits provide added income

 Farmers
        who practice no till will receive
 more credits than those who practice
 minimum till
Carbon Credits
 After  15 to 30 years it is estimated that the
  soil will reach its capacity to hold carbon
  in a stable state
 Lakeland College redeemed carbon
  credits this year
 Lakeland College received $1/acre over
  3500 acres
 There is a $0.30 deduction on the 1dollar
  which made our total earnings $2500
Harvest
 Field   information on Prezi
Questions?
Marketing
Jared Sapach
Marketing Manager
Members and Roles
  Wheat  Team: Jake M, Chad K, Michelle B
  Feed Grains Team: Sven W
  Peas Team: Kaz D
  Flax Team: Justin P
  Canola Team: Stephanie L, Malcolm O,
   Damian L
  Teacher Advisor: Tracy Quinton
  Marketing is responsible for:
     Finding buyers and selling grain
     Following trends in the market
Marketing
Wheat
Jake, Chad & Michelle
HRS Summary
  105 MT priced under December futures
  95 MT priced under March futures
  150 MT put in the wheat pool
    current pro is $309.00/MT
                  or $8.41/bu
December Contracts
   105MT futures priced by previous SMF in 15MT
    increments

   Basis priced out between October and
    December 2011 by current SMF class

   Our average price per tonne after deductions
    is $7.26/bu
December Contracts
                                              Adjustment
# of Tonnes Futures Price /mt   Basis /mt                Deductions Net Price /mt Net Price /bu
                                                Factor

    15      $         344.12    $   (33.92)     $0.00     $   49.50 $       260.20 $       7.08

    15      $         379.63    $   (40.51)     $0.00     $   49.50 $       289.62 $       7.88

    15      $         351.26    $   (52.45)     $0.00     $   49.50 $       249.31 $       6.79

    15      $         317.47    $   (40.92)     $0.00     $   49.50 $       276.55 $       7.53

    15      $         320.87    $   (40.92)     $0.00     $   49.50 $       279.95 $       7.62

    15      $         340.42    $   (40.92)     $0.00     $   49.50 $       250.00 $       6.80

    15      $         347.13    $   (34.83)     $0.00     $   49.50 $       262.80 $       7.15

                                                                     $      266.92 $       7.26
($47.51)
March Contracts

                                            Adjustment
# of Tonnes Futures Price /mt   Basis /mt              Deductions Net Price /mt   Net Price /bu
                                              Factor

    20      $         312.39    $   (18.18) $    12.48   $   49.50   $   257.19   $       7.00

    10      $         315.51    $   (16.12) $    10.33   $   49.50   $   260.22   $       7.08

    10      $         317.62    $   (20.49) $     9.49   $   49.50   $   257.12   $       7.00

    15      $         288.67    $   (20.49) $    10.79   $   49.50   $   278.97   $       7.59

    10      $         306.07    $   (10.89) $     7.86   $   49.50   $   253.54   $       6.90

    15      $         288.67    $   (10.47) $    11.93   $   49.50   $   290.13   $       7.90

                                                                     $   257.05   $       7.00
($310.22)
($29.81)
SWS Summary
        22 MT priced through the pool
            Current PRO $6.61/bu
        10MT priced out fully last march
        5MT priced fully on the fixed price


                                      SWS March Futures
                                        Adjustment
# of Tonnes Futures Price /mt Basis /mt              Deductions Net Price /mt Net Price /bu
                                           Factor
    5      $        246.13 $    (12.78) $      7.12 $    50.00 $       190.47 $        5.18

    10     $        320.48 $    (22.16)        0.00 $    50.00 $       248.32 $        6.76

                                                                $      229.04 $        6.23
(U.S. Wheat Associates)
(U.S. Wheat Associates)
(U.S. Wheat Associates)
(U.S. Wheat Associates)
(U.S. Wheat Associates)
(U.S. Wheat Associates)
SWS Forward Pricing
   Estimated 109 acres seeded
   Estimated yield of 70 bu/ac

   109ac X 70bu = 7630bu

   42MT = 1543bu
   42MT = 20% of estimated production

   Targeting $6.00 per bushel
HRS Forward Pricing
 Estimated 100 acres to be seeded
 Estimated 50 bushel yield


 100ac   X 50bu = 5000bu

 20MT = 735bu
 20MT = 14% of estimated production


 Targeting   $7.00 per bushel
Marketing
Feed Grains
Sven
Average Price




Source: Prairie Crop Charts
Feed Wheat
 200MT   from 2010 valued at $5.00/bu

 Sold   86MT for 5.21$/bu F.O.B

 Sold   86MT for 5.06$/bu F.O.B

 Average    price 5.13$/bu

 Approx.   28MT on inventory
Feed Barley
 Sold   to College Farm

 Ag   Value 4.14$/bu F.O.B

 1350bu   at 4.04$/bu
Marketing
Peas
Kaz
10.00
                               Peas Prices –Viterra Lavoy   $10.00/bu

 9.50



              $9.03/bu
 9.00




 8.50
           Viterra Average $8.56                               $8.50/bu


 8.00




 7.50




 7.00   2010/2011 Average $6.80
        (Ag Food Canada)


 6.50
Date         Bushels sold Price     Freight   Price after
                          ($/bu)    Cost      Freight ($/bu)

September    1580bu       $9.03     $0.31     $8.72
March        1200bu       $8.50     F.O.B.    $8.50
March        940bu        $10.00    F.O.B.    $10.00
Average                                       $9.07
Total Sold   3720bu


      Started out with 4720bu

      Of remaining 1000bu, 700bu are cleaned for
       seed and 300bu are bin run
Canadian Peas
   Canadian peas production fell by 30% largely
    due to lower harvested area in Saskatchewan

   Exports are expected to fall to 2.1 million
    tonnes

   Other major markets are in China and
    Bangladesh

   Market support may come from a smaller US
    crop
Dry Peas: December 15, 2011
                           2008            2009          2010         2011

                          -2009           -2010         - 2011       - 2012

Area Seeded (kha)         1,617            1,522        1,396           942


Area Harvested (kha)      1,582            1,487        1,322           914


Yield (t/ha)               2.26             2.27          2.28         2.31

Production (thousand
                          3,571            3,379        3,018         2,116
tonnes-kt)

Imports (kt)                 15              55            33            40

Total Supply (kt)         3,841            3,880        3,951         2,691

Exports (kt)              2,826            2,178        3,012         2,100

Total Domestic Use (kt)     571             802           404           391

Carry-out Stocks (kt)       445             900           535           200

Stocks-to-use Ratio (%)      13              30            16             8

Average Price ($/bu)       6.80             5.03          6.80   7.89 – 8.71
Average
Stock to Use
Ratio 13%
Market Outlook
   Canadian dry pea prices have been
    supported this crop year by a smaller world
    dry pea crop and steady world demand

   Bottom line for 2011-12, the average price is
    expected to rise due in part to a tight
    Canadian and world supply
Marketing
Flax
Justin P
Where is it grown?
 Themajority of the flax (80%) is grown in
 south-eastern Saskatchewan

 Total
     seeded & harvested flax acres have
 been quite low in the 10 year average
Why is Flax Acreage Decreasing?
  Competition   from Kazakhstan & Russia

  Under
       pressure due to lower oilseed and
  vegetable oil prices

  European   Union wanting organic flax
World Producers (2010)



                         Canada

                         China

                         United States

                         Russia
World Exports (2009)



                       Canada


                       Belgium


                       Russia


                       United Kingdom
Main Canadian Flax Importers




                               European Union


                               United States


                               Japan
December 15, 2011 Stats Canada
                          2009    2010     2011
                          -2010   - 2011   - 2012f

Area Seeded (kha)         692     374      281

Area Harvested (kha)      623     353      273

Yield (t/ha)              1.49    1.20     1.35

Production (kt)           930     423      368

Imports (kt) (b)          6       8        5

Total Supply (kt)         1,165   720      567

Exports (kt) (c)          772     404      350

Total Domestic Use
                          104     123      117
(kt) (d)

Carry-out Stocks (kt)     289     194      100

Average Price ($/t) (g)   424     530**    510-550
2012 Viterra Flax Prices
         15.00




         14.00
                                            2011 average ($ 13.42/ bu)



         13.00
$/ bu.




         12.00



                                                                             March
         11.00
                                                2010 average ($ 10.60/ bu)


         10.00

                                                2009 average ($ 9.56/ bu)


          9.00




                         Week of ...
Flax Contracts
         Contracts   Amount in MT      Price/bu


     1               15              13.02

     2               30              12.47

     3               5               12.75

     4               10              12.85

     5               10              13.86

                     Average price   $ 12.95/ bu


                     Break even      $7.58/bu
                     price
Marketing
Canola
Damian, Steph & Malcolm
Dekalb - No. 3 Canola
  213MT      sold to Viterra
        79MT was 16-18% green
        134MT was between 18-20% green



  After     dockage of 10MT
        76MT averaged $423.65 or $9.61/bu
        127MT averaged $413.37 or $9.37/bu



    203mt total averaged $417.29 or $9.46/bu
          Estimated freight at $6/MT or $0.13/bu
          Break even of $5.82/bu
Victory – No.2 Canola

   76MT signed up for basis contract
    on December 14, 2011
   Estimated discount from No.1– No.2
         $21.00/MT
         $0.48/bu
Five Year Basis Average




 Source: George Morris Center
Retracement Lines
Trend-lines
Futures Pricing
Contract Breakdown
                     Tonne          Futures       Basis           Net Price      Net Price      Total


                              15       $538.90        $23.72          $562.62           12.76     8,439.30


                               5       $529.30        $23.72          $553.02           12.54     2,765.10


                              10       $531.60        $23.72          $555.32           12.59     5,553.20


                              10       $536.20        $23.72          $559.92           12.70     5,599.20


                              10       $542.50        $23.72          $566.22           12.84     5,662.20


                               5       $575.50        $23.72          $599.22           13.59     2,996.10


                              16       $533.10        $23.72          $556.82           12.63     8,909.12


                              5.2      $598.90        $23.72          $622.62           14.12     3,237.62


Total                        76.2                                                                43,161.84


        Average per tonne              $548.25        $23.72          $566.43


        Average per bushel               $12.43           $0.54         $12.85
Canadian: Stock-Use ratio
25%
                      23.1%                                    CANDIAN CANOLA S/U
                              21.8%                                   RATIO
                                                              Canola Council of Canada

20%                                   19.4%
      18.0%
                                                                  17.6%



15%                                           14.5%
                                                      13.2%
                                                                                 12.0%


10%
              8.3%




5%




0%
      02-03   03-04   04-05   05-06   06-07   07-08   08-09       09-10          10-11
Forward Pricing
 Estimated   330 acres will be seeded
 Estimated   yield of 35 bushels per acre
 Comfortable    to pre-price 17%

 330   ac X 35 bu = 11550bu

 44MT =1963 bu
 44MT = 17%


 Targeting   12$/bu
Forward Pricing
 Forward   priced 10MT of number 1 canola

 Used November 2012 futures at $557.60
 with a $18.11 under basis

 Net   price is $539.49/MT or $12.23/bu
November 2012 Futures
Questions?
Intermission – 10 minutes
Refreshments in Room MB123
Finance
Lindsay Stanko
Finance Manager
Members and Roles
 Group members include:
     Breann W, Tara W, Harolt W, Justin K
 Teacher Advisor: Kelsey Dodsworth


 Finance   is responsible for:
    Enter transactions into QuickBooks
    Calculate Cost & Return Spread Sheets
    Present weekly financial reports
    Organize budget for next year
Finance
Field Summary
Harolt & Justin K
LC14 – 130 acres
  Canola   – Dekalb
  Yield – 39.9 bu/ac


  Income
      Price              $9.46/bu
      Total Income       $377.45/ac
      Total Expense      $302.54/ac

      Break Even Yield   31.98bu
      Break Even Price   $7.58/bu

  Net   Margin           $74.91/ac
LC17A – 98 acres
 Canola   - Dekalb
 Yield - 36.4 bu/ac


 Income
     Price              $9.46/bu
     Total Income       $344.34/ac
     Total Expense      $293.29/ac

     Break Even Yield   31.00bu
     Break Even Price   $8.06/bu

 Net   Margin           $51.05/ac
LC17B – 78 acres
 Canola   – Victory
 Yield – 43.1 bu/ac


 Income
     Price              $12.70/bu
     Total Income       $547.37/ac
     Total Expense      $325.09/ac

     Break Even Yield   25.59bu
     Break Even Price   $7.54/bu

 Net   Margin           $222.28/ac
LC05, Intercrop – 28 acres
 Canola   – Clearfield
 Yield – 23.8 bu/ac


 Income
     Price               $9.46/bu
     Total Income        $225.15/ac
     Total Expense       $219.92/ac

     Break Even Yield    23.24bu
     Break Even Price    $9.24/bu

 Net   Margin            $5.23/ac
LC05, Intercrop – 28 acres
  Peas  – CDC Meadow
  Yield – 33.4 bu/ac


  Income
     Price              $10.00/bu
     Total Income       $334.00/ac
     Total Expense      $211.88/ac

     Break Even Yield   21.18bu
     Break Even Price   $6.34/bu

  Net   Margin          $122.12/ac
LC04&06 – 96 acres
  Peas  – CDC Meadow
  Yield – 62.1 bu/ac


  Income
     Price              $8.80/bu
     Total Income       $546.48/ac
     Total Expense      $293.23/ac

     Break Even Yield   33.32bu
     Break Even Price   $4.72/bu

  Net   Margin          $253.25/ac
LC12 – 18 acres
 SWS  Wheat – AC Andrew
 Yield – 80.4 bu/ac


 Income
    Price              $5.75/bu
    Total Income       $462.30/ac
    Total Expense      $276.04/ac

    Break Even Yield   48.00bu
    Break Even Price   $3.43/bu

 Net   Margin          $186.26/ac
LC12 – 97 acres
 HRS Wheat – Kane
 Yield – 47.3 bu/ac


 Income
     Price              $6.20/bu
     Total Income       $293.26/ac
     Total Expense      $288.11/ac

     Break Even Yield   46.46bu
     Break Even Price   $6.09/bu

 Net   Margin           $5.15/ac
AL01 – 133 acres
  HRS Wheat – Harvest
  Yield – 62.6 bu/ac


  Income
     Price              $6.20/bu
     Total Income       $388.12/ac
     Total Expense      $278.96/ac

     Break Even Yield   44.99bu
     Break Even Price   $4.46/bu

  Net   Margin          $109.16/ac
LC18 – 98 acres
 Flax – Hanley
 Yield – 28.3 bu/ac


 Income
     Price              $12.50/bu
     Total Income       $353.75/ac
     Total Expense      $214.42/ac

     Break Even Yield   17.15bu
     Break Even Price   $7.58/bu

 Net    Margin          $139.33/ac
LC11 – 15 acres
 Feed  Barley – Ranger
 Yield – 90 bu/ac


 Income
     Price               $4.04/bu
     Total Income        $363.60/ac
     Total Expense       $179.89/ac

     Break Even Yield    44.52bu
     Break Even Price    $2.00/bu

 Net   Margin            $183.71/ac
LC01&03 – 76 acres
 Barley Silage – Ranger
 Yield – 12 MT


 Income
     Price                $25.50/MT
     Total Income         $306.00/ac
     Total Expense        $186.79/ac

     Break Even Yield     7.32MT
     Break Even Price     $15.57/MT

 Net   Margin             $119.21/ac
LC10 – 30 acres
 Barley Silage – Ranger
 Yield – 12 MT


 Income
     Price                $25.50/MT
     Total Income         $306.00/ac
     Total Expense        $187.19/ac

     Break Even Yield     7.34MT
     Break Even Price     $15.60/MT

 Net   Margin             $118.81/ac
Finance
Farm Financial Summary
Taralynn & Breann
Crop Inventory
   Commodity         Tonnes Bushels Target Price    Estimated
                                       ($/bu)         Value
HRS Wheat clean       170     6246      $ 7.00       $ 43,722.00
FD Wheat               44     1617      $ 5.00        $ 8,085.00
SWS Wheat              35     1286      $ 6.00        $ 7,716.00
Barley                 29     1332      $ 4.04        $ 5,381.28
Peas                   15     533       $ 8.50        $ 4,530.50
Clean Peas             19     700       $ 9.50        $ 6,650.00
Victory Canola         76     3351      $ 12.75      $ 42,725.25
Flax                   35     1378      $ 12.50      $ 17,225.00
screenings             18     660       $ 3.00        $ 1,980.00
             TOTAL    441    17,103                 $ 138,015.03
                                 As of March 22, 2012 (in handout)
Total Income
                                       Apr '11 - Mar 12
   Incom e
      4000 · Sales
             4020 · Canola Sales           135,221.38
             4030 · Wheat Sales              81,384.96
             4050 · Pea Sales                59,135.53
      Total 4000 · Sales                   275,741.87


      4120 · Change in Crop Inventory        40,873.19
      4900 · Miscellaneous Incom e             273.60
      Total Incom e                        316,888.66

                                   As of March 22, 2012 (in handout)
Expenses
4850 · Interest Expense            71.34 5310 · Insurance                17,397.44
5010 · Custom Seeding           23,100.00 5400 · Seed Treatm ent          1,589.70
5020 · Custom Spraying          14,918.50 5500 · Custom Seed Treating      397.50
5030 · Custom Soil Testing        890.00 5610 · Rentals - Outside         4,702.00
5040 · Custom Trucking           9,669.58 5700 · Seed & Seed Cleaning    39,889.19
5060 · Custom Crop Scouting       455.00 5850 · Tools                       49.30
5100 · Equipment Repair          8,444.97 5900 · Depreciation             4,539.00
5110 · Facility Maintenance      6,132.06 6000 · Unallocated Expense       967.40
5120 · Fertilizer & Inoculant   50,295.65 69810 · Com bine Lease         26,591.94
5130 · Fuel, Oil. Filters        5,933.14 69820 · Grain Truck Rent        5,000.00
5200 · Herbicide                21,891.25 Total Expense                 242,924.96




                                             As of March 22, 2012 (in handout)
Net Margin       $73, 963.70




             As of March 22, 2012 (in handout)
Year     Net Margin (Before Depreciation)
1996-97             $60, 412.39
1997-98             ($15, 128.00)
1998-99             ($7, 475.00)
1999-00             $13, 536.00
2000-01              $3049.38
2001-02              $5629.00
2002-03              $8327.00
2003-04             $24, 713.00
2004-05              $4739.64
2005-06             $46, 001.36
2006-07             $52, 585.39
2007-08             $58, 585.14
2008-09             ($18, 777.31)
2010-11             $49, 566.94
2011-12             $78, 502.70
Questions?
Production
Cory Laird
Production Manager
Members and Roles
   Canola: Dalyn W
   Barley silage: Tara W, Reid F
   Peas: Chad K and Justin P
   Flax: Justin K
   Wheat: Michelle B
   Teacher Advisors: John Lunty & Peter Walsh

   Production is responsible for:
       Planning crops and inputs for 12/13
       Soil testing
       Pre pricing of seed and fertilizer
Production Planning Considerations
   Field   History
       Crop Rotation
       Chemical Rotation

   Economics      (Budgets)

   Fertilizer   Blends
       Target Yields
       Uptake Nutrients Required
       Soil Sample Results

   Industry     and Advisor Advice
Fertilizer Calculator
 Crop Uptake and Removal Chart
                   Uptake                                                         Removal
       lbs/ac unit yield (BU)                                          lbs/ac unit yield (BU)
Crop        N      P      K             S                       Crop        N      P      K                S
Canola 3.30 1.45 2.30                 0.60                      Canola 1.92 1.05 0.52                    0.34
Wheat 2.30 0.80 2.00                  0.25                      Wheat 1.60 0.60 0.45                     0.13
Barley    1.40 0.55 1.35              0.16                      Barley    1.00 0.42 0.32                 0.09
Oats      1.10 0.40 1.45              0.13                      Oats      0.62 0.26 0.19                 0.05
Flax      3.00 0.85 1.80              0.56                      Flax      2.20 0.65 0.60                 0.23
Peas      3.00 0.83 2.75              0.25                      Peas      2.35 0.70 0.71                 0.13


Uptake = Total Nutrient taken up by crop to
grow and develop
Removal = Nutrient removed in harvested
portion of the crop

The guidelines in this chart are estimates and based on typical nutrient concentrations and yields for
good growing conditions in western Canada
References: CFI Nutrient Uptake and Removal - Western Canada 2001, Eastern Canada
2001, A&L Agronomy Handbook
Nutrient Content, Uptake pattern and Carbon: Nitrogen Ratios of Prairie Crops, Manitoba
Agriculture, Food and Rural Initiatives 2007
Canola Example

Uptake    Target Yield:60
Crop       N      P     K     S
Canola    198    87    138   36

Removal   Target Yield:60
Crop       N      P     K     S
Canola    115    63     31   20
Fertilizer Blend Agronomics
   Organic Matter – 7lb of N per 1% of O.M will
    be released
   Nitrogen – Multiply by 0.7 (to account for
    losses)
   Potassium ideally above 150ppm (300lb/ac)
   High Aluminum (600+ppm) can tie up
    Phosphorus
   Sulphur levels can not be trusted as the
    nutrient is so mobile
   Sulphur N:S Ratio should be 5:1 in blends
   Copper Levels should be above 1ppm
   Boron Levels should be above 1ppm
Law of Minimum - Liebig
   The law of
    minimum
    developed by
    Liebig in 1862
    states that crop
    production can
    be no higher than
    that allowed by
    the most limiting
    plant growth
    factor
Variable Rate
Technology
Allied 01
Variable Rate Technology
 Variable
         Rate Technology or VRT
 combines GPS, electronic controllers and
 geographical information system in the
 cab to change the rate of any product
 being applied in the field
VRT Possibilities
 Fertilizer
 Herbicide
 Insecticide
 Fungicide
 Others?
VRT Implementation
   Map‐based
       Prescription maps
   Sensor‐based
       Real‐time crop or field assessment
        controlling
   Manual
       Operator controlled
Map Layers
 Field History
 EC Map
 Topography
 Yield Maps
Al 01
Yield Map 2011
Topography
Topography With Yield Map 2011
Profit Loss Map 2011
EC Map
3 Year Yield Average
Zone Prescriptions
                Zone 1     Target Yield:50
                Crop       N      P       K    S
                Canola    110     30     10   22

                Zone: 2    Target Yield:55
                Crop       N      P       K    S
                Canola    120     30     10   24

                Zone: 3    Target Yield:60
                Crop       N      P       K    S
                Canola    130     30     10   26
Zone 4
Zone 3          Zone: 4    Target Yield:65
Zone 2          Crop       N      P       K    S
Zone 1          Canola    140    30      10   28
Production
Canola
Dalyn
Varieties
 Invigor   L150
     $480/bag-10ac/bag-$48.00/ac
 Invigor   L130
     $480/bag-10ac/bag-$47.00/ac
 High  Yield Potential
 Break up Canola herbicide Systems used
  in the past
Location and Seeding
  Total      of 360 acres of seed purchased
        L150
          -AL01 – variable rate fertilizer
        L130
          -LC12, LC01 and LC03
        Both seeded on cereal stubble in May

  Seeding
         5  lbs/ac rate
          10 plants/ft2


    Dekalb canola variety trials
Fertilizer
 LC   1&3
    120-25-0-25 – $98/ac
 LC12
    135-20-10-30 - $105/ac


 UptakeRates(60bu/ac)-198-87-138-36
 Removal Rates(60bu/ac)-115-63-31-20
Crop Protection
 Herbicide   – Pre seed
    Cleanstart $7.10/ac
 Herbicide   – In crop
    Liberty Herbicide two pass system
       -1st pass at 1.6L/ac @ $11.98/ac
       -2nd pass at 1.35L/ac @ $9.95/ac
       -quack grass
       -thistles
 Tank   mix 1st pass with Centurion
    $2.36 -$4.73/ac
    grassy weed control
Crop Protection
 Fungicide
  Proline
     -sclerotinia control
     -126-147 mL/ac
     -$17-$25/ac
     - Saving 25% - Bayer value program
Crop Protection
 Insecticide
  Sevin  XLR
     -flea beetles
     -$4-28/ac
  Decis
     -Bertha Army Worms
     -$4-8/ac
  Lorsban ($5-23) or Matador ($5-6)
     -Cutworms
CROP INFORMATION                 Canola         Canola         Canola
Variety                          L150           L130           L130
Field                            AL01           LC 12          LC 1 & 3
Acres                                      133            115               76
Yield (Bu)                                   58             60              60
Projected Price($/Bu)             $      11.50 $        11.50 $         11.50
TOTAL INCOME                      $     667.00 $       690.00 $        690.00
EXPENSES
Custom Work                       $      62.25 $        56.25 $         56.25
Crop Protection Productions       $      73.76 $        73.76 $         73.76
Fertilizer                        $     109.40 $       105.00 $         98.00
Seed and Seed Treatments          $      44.80 $        44.70 $         44.70
Other                             $        -     $        -     $         -
Insurance                         $      23.45 $        23.45 $         23.45
Equipment, Buildings, Etc         $      30.04 $        30.04 $         30.04
TOTAL EXPENSES                    $     343.40 $       333.20 $        326.20
NET MARGIN                        $     323.30 $       356.80 $        363.80
Break Even Yield at Budget Price             29             29              28
Break Even Price at Budget Yield $        5.56 $         5.55 $          5.44
Gross Margin for Field            $ 47,441.10 $ 41,032.00 $ 27,648.80
Production
Barley Silage
Taralynn & Reid
Variety
 Trochu
    Smooth awned
    Six row
    Dual purpose
    High silage yield
    Common root rot resistance
    Scald resistance genes
    Low lodging resistance
Seeding
 Will   be grown on
       LC 17 A, B and C
       LC 10
       LC 11
   Will be seeded
       Mid May to early June
       100 lbs/ac rate
       24 plants/ft2
       1.5- inch depth
Nutrients and Crop Protection
 Fertilizer
     70-25-0-10


 Herbicide     – Pre Seed
     Round Up Transorb plus Express Pro
 Herbicide     – In crop
     Frontline XL plus Axial
CROP INFORMATION                   Barley Silage     Barley Silage     Barley Silage  Barley Silage
Variety                            Trochu            Trochu            Trochu         Trochu
Field                              LC 17 A           LC 17 B           LC 17 C        LC 11 + 10
Acres                                           98               78                88              45
Yield (MT)                                       8                8                 8               8
Projected Price($/MT)              $        26.00 $          26.00 $           26.00 $         26.00
TOTAL INCOME                       $       208.00 $         208.00 $          208.00 $       208.00
EXPENSES
Custom Work                        $        44.00    $        44.00    $        44.00    $    44.00
Crop Protection Productions        $        35.00    $        35.00    $        35.00    $    35.00
Fertilizer                         $        55.88    $        55.88    $        55.88    $    55.88
Seed and Seed Treatments           $        22.50    $        22.50    $        22.50    $    22.50
Other                              $          -      $          -      $          -      $      -
Insurance                          $         8.87    $         8.87    $         8.87    $     8.87
Equipment, Buildings, Etc          $        23.19    $        23.19    $        23.19    $    23.19
TOTAL EXPENSES                     $       189.44    $       189.44    $       189.44    $   189.44
NET MARGIN                         $        18.56    $        18.56    $        18.56    $    18.56
Break Even Yield at Budget Price                 7                 7                 7             7
Break Even Price at Budget Yield   $        23.68    $        23.68    $        23.68    $    23.68
Gross Margin for Field             $     1,818.88    $     1,447.68    $     1,633.28    $   835.20
Production
Peas
Chad & Justin P
Variety
 CDC   Meadow
    Seed from last years pea crop
    It is a proven variety that performs well in
     the Vermilion area
    Price of seed determined by current market
     price
Seeding
 Will   be grown on
     LC 14
 Will   be seeded
     Early May
     180 lbs/ac rate
     9 plants/ft2
     2 inch depth
 Post   emergent rolling
     Start rolling after seeding but no later than
      5-6 nodes
Nutrients
 Fertilizer
     13-20-10-10

     Uptake Rates (50bu/ac) -150-42-138-13
     Removal Rates (50bu/ac) -118-35-36-7
Crop Protection
 Seed     Treatment
     Trilex
      - used for seedling blight and root rot
        control
      - $4.06/bu
 Inoculant
     Inoculator XL peat based
        - $2.54/bu
Crop Protection
  Herbicide   – Pre seed
     Roundup Weathermax plus Heat
        - Canada thistle, Wild oat and Volunteer
          canola control
        - Glyphosate - $4.50/ac
        - Heat - $5.21/ac
  Herbicide   – In crop
     Odyssey DLX
       - longer residual control on multiple flushes
         of weeds
Crop Protection
 Fungicide
     Headline EC


 Desiccant
     Reglone


 Insecticide
     Matador 120 EC
CROP INFORMATION                   Peas
Variety                            CDC Meadow
Field                              LC 14
Acres                                       130
Yield (Bu)                                    50
Projected Price($/Bu)               $      7.50
TOTAL INCOME                        $    375.00
EXPENSES
Custom Work                        $       56.25
Crop Protection Productions        $       61.36
Fertilizer                         $       28.00
Seed and Seed Treatments           $       40.20
Other                              $        8.00
Insurance                          $       20.78
Equipment, Buildings, Etc          $       38.04
TOTAL EXPENSES                     $      252.63
NET MARGIN                         $      122.37
Break Even Yield at Budget Price               34
Break Even Price at Budget Yield   $        5.05
Gross Margin for Field             $   15,908.10
Production
Wheat
Michelle
Varieties
  CDC    Utmost – HRS
     LC04
  Alvena    – HRS
     LC05 & LC06
  AC   Andrew – SWS
     LC18

  Each   variety will be seeded
     1 inch depth
  Target    Plant Population
     HRS - 25 plants/ft2
     SWS - 20plants/ft2
Fertilizer
 LC18   – SWS
    120-30-25-10 plus 1 lb of Cu
       -Foliar Cu
    Uptake Rates(85bu/ac): 196-68-170-21
    Removal Rates(85bu/ac): 136-51-38-11

 LC04,   05 & 06 – HRS
    90-30-15-10 plus 1 lb of Cu
       -Foliar Cu
       -ESN trial
    Uptake Rates(60bu/ac): 138-48-120-15
    Removal Rates(60bu/ac): 96-36-27-7.8
Crop Protection
 Herbicide   – Pre seed
    LC18
       –Prepare plus Pre-pass (with glyphosate)
    LC 04, 05 & 06
       -Glyphosate
 Herbicide   – In crop
    LC18
       –Prestige
       –Everest (follow up on Prepare)
    LC 04, 05 & 06
       –Tandem
       –MCPA Ester
Crop Protection
 Dual   Action Seed treatment
     Raxil WW
 Fungicide      - Foliar
     Prosaro 250 EC
 Insecticide
     Lorsban 4E
Possible Buyers
   SWS
       Ethanol
         -Husky Energy
       Feed and Ethanol
          -Highland Feeders Ltd.
   HRS
       Milling
        -CWB
        -Viterra
        -Cargill
CROP INFORMATION                   SWS              HRS              HRS
Variety                            AC Andrew        Utmost           Alvena
Field                              LC 18            LC 4             LC 5 & 6
Acres                                         98                  70             55
Yield (Bu)                                    85                  60             60
Projected Price($/Bu)              $       5.20 $              7.00 $         7.00
TOTAL INCOME                       $     442.00 $            420.00 $       420.00
EXPENSES
Custom Work                        $       56.25    $       56.25    $       56.25
Crop Protection Productions        $       60.00    $       60.00    $       60.00
Fertilizer                         $      108.00    $       88.00    $       88.00
Seed and Seed Treatments           $       27.00    $       27.15    $       31.88
Other                              $         -      $         -      $         -
Insurance                          $       14.91    $       12.92    $       15.03
Equipment, Buildings, Etc          $       30.04    $       30.04    $       30.04
TOTAL EXPENSES                     $      296.20    $      274.36    $      281.20
NET MARGIN                         $      145.80    $      145.64    $      138.80
Break Even Yield at Budget Price               57               39               40
Break Even Price at Budget Yield   $        3.48    $        4.57    $        4.69
Gross Margin for Field             $   14,288.40    $   10,194.80    $    7,634.00
Production
Flax
Justin K
Flax Production Overview
   Grown on LC14
   Variety – Hanley
       Target of 30 bu/ac
   Fertilizer
       45-20-0-5
   Herbicide – Pre seed
       Cleanstart
   Herbicide – In crop
       FlaxMax
   Fungicide – Optional
       Headline
   Desiccant
       Reglone
 Why   we did not choose to grow flax
    competition for acres
    had a large silage commitment with
     livestock SMF (100 acres more than
     originally expected)
    not a good fit in rotation
        –Not ideal after canola, as it has
         allelopathic residues
Questions?
Thank you!
Closing Video

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Student Managed Farm Crops Final Presentation 2012

  • 1. 2012 SMF Crops Final Presentation
  • 2. SMF Manager Roles & Responsibilities  Provide leadership to the class  Support the SMF managers  Provide a vision for and direction for SMF
  • 3. SMF – Powered By New Holland  10-year, multi-million dollar Deal  “We’reproud to enter into this agreement with New Holland, a company that shares our passion for education and innovation” says Glenn Charlesworth, president of Lakeland College
  • 4. Management Team  Amy Smith – Operations  Jared Sapach – Marketing  Lindsey Stanko – Finance  Codey Boehm – Public Relations  Cory Laird - Production
  • 5. Presentation Information  InformationPackage  Question Period will follow each group presentation
  • 6. Agenda  Public Relations  Operations  Marketing  Intermission  Finance  Production
  • 7.
  • 9. Members and Roles  Group members include: Ashleigh B, Ashley K and Dalyn W  Teacher Advisor: Robert Dixon  Public Relations is responsible for:  Linking SMF with the agriculture industry  Building presentations  Creating an image for SMF
  • 11. Members and Roles  Group members include: Pearce R, Reid F and Stephen T  Teacher Advisor: John Lunty  Operations is responsible for:  Bin planning  Scheduling harvest and trucking  Samples and moisture tests
  • 12. Field Manager Pro A software program designed to  compile chemical and fertilizer used  dates of operations  field history  storage and harvest data
  • 14. New & Improved Bin Plan
  • 15. Importance of FMP  Record keeping  Communication  Keeps our farming operation organized  Easy transition from class to class
  • 16. Carbon Credits  A carbon credit is a tradable certificate  The company selling the carbon credit must reduce one tonne of carbon to generate the credit  A company can generate one tonne of carbon per credit  Main purpose of carbon credits:  Reduce Greenhouse Gas emissions  Make large industrial companies pay to emit carbon dioxide/toxic gases  Reward farmers for reducing carbon emissions
  • 17. Carbon Credits  Reduced or zero tillage practices generate carbon credits  Growingcrops take in CO2 and emit O2 through photosynthesis  Carbon credits provide added income  Farmers who practice no till will receive more credits than those who practice minimum till
  • 18. Carbon Credits  After 15 to 30 years it is estimated that the soil will reach its capacity to hold carbon in a stable state  Lakeland College redeemed carbon credits this year  Lakeland College received $1/acre over 3500 acres  There is a $0.30 deduction on the 1dollar which made our total earnings $2500
  • 19. Harvest  Field information on Prezi
  • 22. Members and Roles  Wheat Team: Jake M, Chad K, Michelle B  Feed Grains Team: Sven W  Peas Team: Kaz D  Flax Team: Justin P  Canola Team: Stephanie L, Malcolm O, Damian L  Teacher Advisor: Tracy Quinton  Marketing is responsible for:  Finding buyers and selling grain  Following trends in the market
  • 24. HRS Summary  105 MT priced under December futures  95 MT priced under March futures  150 MT put in the wheat pool  current pro is $309.00/MT or $8.41/bu
  • 25. December Contracts  105MT futures priced by previous SMF in 15MT increments  Basis priced out between October and December 2011 by current SMF class  Our average price per tonne after deductions is $7.26/bu
  • 26. December Contracts Adjustment # of Tonnes Futures Price /mt Basis /mt Deductions Net Price /mt Net Price /bu Factor 15 $ 344.12 $ (33.92) $0.00 $ 49.50 $ 260.20 $ 7.08 15 $ 379.63 $ (40.51) $0.00 $ 49.50 $ 289.62 $ 7.88 15 $ 351.26 $ (52.45) $0.00 $ 49.50 $ 249.31 $ 6.79 15 $ 317.47 $ (40.92) $0.00 $ 49.50 $ 276.55 $ 7.53 15 $ 320.87 $ (40.92) $0.00 $ 49.50 $ 279.95 $ 7.62 15 $ 340.42 $ (40.92) $0.00 $ 49.50 $ 250.00 $ 6.80 15 $ 347.13 $ (34.83) $0.00 $ 49.50 $ 262.80 $ 7.15 $ 266.92 $ 7.26
  • 28. March Contracts Adjustment # of Tonnes Futures Price /mt Basis /mt Deductions Net Price /mt Net Price /bu Factor 20 $ 312.39 $ (18.18) $ 12.48 $ 49.50 $ 257.19 $ 7.00 10 $ 315.51 $ (16.12) $ 10.33 $ 49.50 $ 260.22 $ 7.08 10 $ 317.62 $ (20.49) $ 9.49 $ 49.50 $ 257.12 $ 7.00 15 $ 288.67 $ (20.49) $ 10.79 $ 49.50 $ 278.97 $ 7.59 10 $ 306.07 $ (10.89) $ 7.86 $ 49.50 $ 253.54 $ 6.90 15 $ 288.67 $ (10.47) $ 11.93 $ 49.50 $ 290.13 $ 7.90 $ 257.05 $ 7.00
  • 31. SWS Summary  22 MT priced through the pool  Current PRO $6.61/bu  10MT priced out fully last march  5MT priced fully on the fixed price SWS March Futures Adjustment # of Tonnes Futures Price /mt Basis /mt Deductions Net Price /mt Net Price /bu Factor 5 $ 246.13 $ (12.78) $ 7.12 $ 50.00 $ 190.47 $ 5.18 10 $ 320.48 $ (22.16) 0.00 $ 50.00 $ 248.32 $ 6.76 $ 229.04 $ 6.23
  • 32.
  • 33.
  • 40. SWS Forward Pricing  Estimated 109 acres seeded  Estimated yield of 70 bu/ac  109ac X 70bu = 7630bu  42MT = 1543bu  42MT = 20% of estimated production  Targeting $6.00 per bushel
  • 41. HRS Forward Pricing  Estimated 100 acres to be seeded  Estimated 50 bushel yield  100ac X 50bu = 5000bu  20MT = 735bu  20MT = 14% of estimated production  Targeting $7.00 per bushel
  • 44. Feed Wheat  200MT from 2010 valued at $5.00/bu  Sold 86MT for 5.21$/bu F.O.B  Sold 86MT for 5.06$/bu F.O.B  Average price 5.13$/bu  Approx. 28MT on inventory
  • 45. Feed Barley  Sold to College Farm  Ag Value 4.14$/bu F.O.B  1350bu at 4.04$/bu
  • 47. 10.00 Peas Prices –Viterra Lavoy $10.00/bu 9.50 $9.03/bu 9.00 8.50 Viterra Average $8.56 $8.50/bu 8.00 7.50 7.00 2010/2011 Average $6.80 (Ag Food Canada) 6.50
  • 48. Date Bushels sold Price Freight Price after ($/bu) Cost Freight ($/bu) September 1580bu $9.03 $0.31 $8.72 March 1200bu $8.50 F.O.B. $8.50 March 940bu $10.00 F.O.B. $10.00 Average $9.07 Total Sold 3720bu  Started out with 4720bu  Of remaining 1000bu, 700bu are cleaned for seed and 300bu are bin run
  • 49. Canadian Peas  Canadian peas production fell by 30% largely due to lower harvested area in Saskatchewan  Exports are expected to fall to 2.1 million tonnes  Other major markets are in China and Bangladesh  Market support may come from a smaller US crop
  • 50. Dry Peas: December 15, 2011 2008 2009 2010 2011 -2009 -2010 - 2011 - 2012 Area Seeded (kha) 1,617 1,522 1,396 942 Area Harvested (kha) 1,582 1,487 1,322 914 Yield (t/ha) 2.26 2.27 2.28 2.31 Production (thousand 3,571 3,379 3,018 2,116 tonnes-kt) Imports (kt) 15 55 33 40 Total Supply (kt) 3,841 3,880 3,951 2,691 Exports (kt) 2,826 2,178 3,012 2,100 Total Domestic Use (kt) 571 802 404 391 Carry-out Stocks (kt) 445 900 535 200 Stocks-to-use Ratio (%) 13 30 16 8 Average Price ($/bu) 6.80 5.03 6.80 7.89 – 8.71
  • 52.
  • 53. Market Outlook  Canadian dry pea prices have been supported this crop year by a smaller world dry pea crop and steady world demand  Bottom line for 2011-12, the average price is expected to rise due in part to a tight Canadian and world supply
  • 55. Where is it grown?  Themajority of the flax (80%) is grown in south-eastern Saskatchewan  Total seeded & harvested flax acres have been quite low in the 10 year average
  • 56. Why is Flax Acreage Decreasing?  Competition from Kazakhstan & Russia  Under pressure due to lower oilseed and vegetable oil prices  European Union wanting organic flax
  • 57. World Producers (2010) Canada China United States Russia
  • 58. World Exports (2009) Canada Belgium Russia United Kingdom
  • 59. Main Canadian Flax Importers European Union United States Japan
  • 60. December 15, 2011 Stats Canada 2009 2010 2011 -2010 - 2011 - 2012f Area Seeded (kha) 692 374 281 Area Harvested (kha) 623 353 273 Yield (t/ha) 1.49 1.20 1.35 Production (kt) 930 423 368 Imports (kt) (b) 6 8 5 Total Supply (kt) 1,165 720 567 Exports (kt) (c) 772 404 350 Total Domestic Use 104 123 117 (kt) (d) Carry-out Stocks (kt) 289 194 100 Average Price ($/t) (g) 424 530** 510-550
  • 61. 2012 Viterra Flax Prices 15.00 14.00 2011 average ($ 13.42/ bu) 13.00 $/ bu. 12.00 March 11.00 2010 average ($ 10.60/ bu) 10.00 2009 average ($ 9.56/ bu) 9.00 Week of ...
  • 62. Flax Contracts Contracts Amount in MT Price/bu 1 15 13.02 2 30 12.47 3 5 12.75 4 10 12.85 5 10 13.86 Average price $ 12.95/ bu Break even $7.58/bu price
  • 64. Dekalb - No. 3 Canola  213MT sold to Viterra  79MT was 16-18% green  134MT was between 18-20% green  After dockage of 10MT  76MT averaged $423.65 or $9.61/bu  127MT averaged $413.37 or $9.37/bu  203mt total averaged $417.29 or $9.46/bu  Estimated freight at $6/MT or $0.13/bu  Break even of $5.82/bu
  • 65. Victory – No.2 Canola  76MT signed up for basis contract on December 14, 2011  Estimated discount from No.1– No.2  $21.00/MT  $0.48/bu
  • 66. Five Year Basis Average Source: George Morris Center
  • 70. Contract Breakdown Tonne Futures Basis Net Price Net Price Total 15 $538.90 $23.72 $562.62 12.76 8,439.30 5 $529.30 $23.72 $553.02 12.54 2,765.10 10 $531.60 $23.72 $555.32 12.59 5,553.20 10 $536.20 $23.72 $559.92 12.70 5,599.20 10 $542.50 $23.72 $566.22 12.84 5,662.20 5 $575.50 $23.72 $599.22 13.59 2,996.10 16 $533.10 $23.72 $556.82 12.63 8,909.12 5.2 $598.90 $23.72 $622.62 14.12 3,237.62 Total 76.2 43,161.84 Average per tonne $548.25 $23.72 $566.43 Average per bushel $12.43 $0.54 $12.85
  • 71. Canadian: Stock-Use ratio 25% 23.1% CANDIAN CANOLA S/U 21.8% RATIO Canola Council of Canada 20% 19.4% 18.0% 17.6% 15% 14.5% 13.2% 12.0% 10% 8.3% 5% 0% 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11
  • 72. Forward Pricing  Estimated 330 acres will be seeded  Estimated yield of 35 bushels per acre  Comfortable to pre-price 17%  330 ac X 35 bu = 11550bu  44MT =1963 bu  44MT = 17%  Targeting 12$/bu
  • 73. Forward Pricing  Forward priced 10MT of number 1 canola  Used November 2012 futures at $557.60 with a $18.11 under basis  Net price is $539.49/MT or $12.23/bu
  • 76. Intermission – 10 minutes Refreshments in Room MB123
  • 78. Members and Roles  Group members include: Breann W, Tara W, Harolt W, Justin K  Teacher Advisor: Kelsey Dodsworth  Finance is responsible for:  Enter transactions into QuickBooks  Calculate Cost & Return Spread Sheets  Present weekly financial reports  Organize budget for next year
  • 80. LC14 – 130 acres  Canola – Dekalb  Yield – 39.9 bu/ac  Income  Price $9.46/bu  Total Income $377.45/ac  Total Expense $302.54/ac  Break Even Yield 31.98bu  Break Even Price $7.58/bu  Net Margin $74.91/ac
  • 81. LC17A – 98 acres  Canola - Dekalb  Yield - 36.4 bu/ac  Income  Price $9.46/bu  Total Income $344.34/ac  Total Expense $293.29/ac  Break Even Yield 31.00bu  Break Even Price $8.06/bu  Net Margin $51.05/ac
  • 82. LC17B – 78 acres  Canola – Victory  Yield – 43.1 bu/ac  Income  Price $12.70/bu  Total Income $547.37/ac  Total Expense $325.09/ac  Break Even Yield 25.59bu  Break Even Price $7.54/bu  Net Margin $222.28/ac
  • 83. LC05, Intercrop – 28 acres  Canola – Clearfield  Yield – 23.8 bu/ac  Income  Price $9.46/bu  Total Income $225.15/ac  Total Expense $219.92/ac  Break Even Yield 23.24bu  Break Even Price $9.24/bu  Net Margin $5.23/ac
  • 84. LC05, Intercrop – 28 acres  Peas – CDC Meadow  Yield – 33.4 bu/ac  Income  Price $10.00/bu  Total Income $334.00/ac  Total Expense $211.88/ac  Break Even Yield 21.18bu  Break Even Price $6.34/bu  Net Margin $122.12/ac
  • 85. LC04&06 – 96 acres  Peas – CDC Meadow  Yield – 62.1 bu/ac  Income  Price $8.80/bu  Total Income $546.48/ac  Total Expense $293.23/ac  Break Even Yield 33.32bu  Break Even Price $4.72/bu  Net Margin $253.25/ac
  • 86. LC12 – 18 acres  SWS Wheat – AC Andrew  Yield – 80.4 bu/ac  Income  Price $5.75/bu  Total Income $462.30/ac  Total Expense $276.04/ac  Break Even Yield 48.00bu  Break Even Price $3.43/bu  Net Margin $186.26/ac
  • 87. LC12 – 97 acres  HRS Wheat – Kane  Yield – 47.3 bu/ac  Income  Price $6.20/bu  Total Income $293.26/ac  Total Expense $288.11/ac  Break Even Yield 46.46bu  Break Even Price $6.09/bu  Net Margin $5.15/ac
  • 88. AL01 – 133 acres  HRS Wheat – Harvest  Yield – 62.6 bu/ac  Income  Price $6.20/bu  Total Income $388.12/ac  Total Expense $278.96/ac  Break Even Yield 44.99bu  Break Even Price $4.46/bu  Net Margin $109.16/ac
  • 89. LC18 – 98 acres  Flax – Hanley  Yield – 28.3 bu/ac  Income  Price $12.50/bu  Total Income $353.75/ac  Total Expense $214.42/ac  Break Even Yield 17.15bu  Break Even Price $7.58/bu  Net Margin $139.33/ac
  • 90. LC11 – 15 acres  Feed Barley – Ranger  Yield – 90 bu/ac  Income  Price $4.04/bu  Total Income $363.60/ac  Total Expense $179.89/ac  Break Even Yield 44.52bu  Break Even Price $2.00/bu  Net Margin $183.71/ac
  • 91. LC01&03 – 76 acres  Barley Silage – Ranger  Yield – 12 MT  Income  Price $25.50/MT  Total Income $306.00/ac  Total Expense $186.79/ac  Break Even Yield 7.32MT  Break Even Price $15.57/MT  Net Margin $119.21/ac
  • 92. LC10 – 30 acres  Barley Silage – Ranger  Yield – 12 MT  Income  Price $25.50/MT  Total Income $306.00/ac  Total Expense $187.19/ac  Break Even Yield 7.34MT  Break Even Price $15.60/MT  Net Margin $118.81/ac
  • 94. Crop Inventory Commodity Tonnes Bushels Target Price Estimated ($/bu) Value HRS Wheat clean 170 6246 $ 7.00 $ 43,722.00 FD Wheat 44 1617 $ 5.00 $ 8,085.00 SWS Wheat 35 1286 $ 6.00 $ 7,716.00 Barley 29 1332 $ 4.04 $ 5,381.28 Peas 15 533 $ 8.50 $ 4,530.50 Clean Peas 19 700 $ 9.50 $ 6,650.00 Victory Canola 76 3351 $ 12.75 $ 42,725.25 Flax 35 1378 $ 12.50 $ 17,225.00 screenings 18 660 $ 3.00 $ 1,980.00 TOTAL 441 17,103 $ 138,015.03 As of March 22, 2012 (in handout)
  • 95. Total Income Apr '11 - Mar 12 Incom e 4000 · Sales 4020 · Canola Sales 135,221.38 4030 · Wheat Sales 81,384.96 4050 · Pea Sales 59,135.53 Total 4000 · Sales 275,741.87 4120 · Change in Crop Inventory 40,873.19 4900 · Miscellaneous Incom e 273.60 Total Incom e 316,888.66 As of March 22, 2012 (in handout)
  • 96. Expenses 4850 · Interest Expense 71.34 5310 · Insurance 17,397.44 5010 · Custom Seeding 23,100.00 5400 · Seed Treatm ent 1,589.70 5020 · Custom Spraying 14,918.50 5500 · Custom Seed Treating 397.50 5030 · Custom Soil Testing 890.00 5610 · Rentals - Outside 4,702.00 5040 · Custom Trucking 9,669.58 5700 · Seed & Seed Cleaning 39,889.19 5060 · Custom Crop Scouting 455.00 5850 · Tools 49.30 5100 · Equipment Repair 8,444.97 5900 · Depreciation 4,539.00 5110 · Facility Maintenance 6,132.06 6000 · Unallocated Expense 967.40 5120 · Fertilizer & Inoculant 50,295.65 69810 · Com bine Lease 26,591.94 5130 · Fuel, Oil. Filters 5,933.14 69820 · Grain Truck Rent 5,000.00 5200 · Herbicide 21,891.25 Total Expense 242,924.96 As of March 22, 2012 (in handout)
  • 97. Net Margin $73, 963.70 As of March 22, 2012 (in handout)
  • 98. Year Net Margin (Before Depreciation) 1996-97 $60, 412.39 1997-98 ($15, 128.00) 1998-99 ($7, 475.00) 1999-00 $13, 536.00 2000-01 $3049.38 2001-02 $5629.00 2002-03 $8327.00 2003-04 $24, 713.00 2004-05 $4739.64 2005-06 $46, 001.36 2006-07 $52, 585.39 2007-08 $58, 585.14 2008-09 ($18, 777.31) 2010-11 $49, 566.94 2011-12 $78, 502.70
  • 101. Members and Roles  Canola: Dalyn W  Barley silage: Tara W, Reid F  Peas: Chad K and Justin P  Flax: Justin K  Wheat: Michelle B  Teacher Advisors: John Lunty & Peter Walsh  Production is responsible for:  Planning crops and inputs for 12/13  Soil testing  Pre pricing of seed and fertilizer
  • 102. Production Planning Considerations  Field History  Crop Rotation  Chemical Rotation  Economics (Budgets)  Fertilizer Blends  Target Yields  Uptake Nutrients Required  Soil Sample Results  Industry and Advisor Advice
  • 103. Fertilizer Calculator Crop Uptake and Removal Chart Uptake Removal lbs/ac unit yield (BU) lbs/ac unit yield (BU) Crop N P K S Crop N P K S Canola 3.30 1.45 2.30 0.60 Canola 1.92 1.05 0.52 0.34 Wheat 2.30 0.80 2.00 0.25 Wheat 1.60 0.60 0.45 0.13 Barley 1.40 0.55 1.35 0.16 Barley 1.00 0.42 0.32 0.09 Oats 1.10 0.40 1.45 0.13 Oats 0.62 0.26 0.19 0.05 Flax 3.00 0.85 1.80 0.56 Flax 2.20 0.65 0.60 0.23 Peas 3.00 0.83 2.75 0.25 Peas 2.35 0.70 0.71 0.13 Uptake = Total Nutrient taken up by crop to grow and develop Removal = Nutrient removed in harvested portion of the crop The guidelines in this chart are estimates and based on typical nutrient concentrations and yields for good growing conditions in western Canada References: CFI Nutrient Uptake and Removal - Western Canada 2001, Eastern Canada 2001, A&L Agronomy Handbook Nutrient Content, Uptake pattern and Carbon: Nitrogen Ratios of Prairie Crops, Manitoba Agriculture, Food and Rural Initiatives 2007
  • 104. Canola Example Uptake Target Yield:60 Crop N P K S Canola 198 87 138 36 Removal Target Yield:60 Crop N P K S Canola 115 63 31 20
  • 105. Fertilizer Blend Agronomics  Organic Matter – 7lb of N per 1% of O.M will be released  Nitrogen – Multiply by 0.7 (to account for losses)  Potassium ideally above 150ppm (300lb/ac)  High Aluminum (600+ppm) can tie up Phosphorus  Sulphur levels can not be trusted as the nutrient is so mobile  Sulphur N:S Ratio should be 5:1 in blends  Copper Levels should be above 1ppm  Boron Levels should be above 1ppm
  • 106.
  • 107. Law of Minimum - Liebig  The law of minimum developed by Liebig in 1862 states that crop production can be no higher than that allowed by the most limiting plant growth factor
  • 109. Variable Rate Technology  Variable Rate Technology or VRT combines GPS, electronic controllers and geographical information system in the cab to change the rate of any product being applied in the field
  • 110. VRT Possibilities  Fertilizer  Herbicide  Insecticide  Fungicide  Others?
  • 111. VRT Implementation  Map‐based  Prescription maps  Sensor‐based  Real‐time crop or field assessment controlling  Manual  Operator controlled
  • 112. Map Layers  Field History  EC Map  Topography  Yield Maps
  • 113. Al 01
  • 118. EC Map
  • 119. 3 Year Yield Average
  • 120. Zone Prescriptions Zone 1 Target Yield:50 Crop N P K S Canola 110 30 10 22 Zone: 2 Target Yield:55 Crop N P K S Canola 120 30 10 24 Zone: 3 Target Yield:60 Crop N P K S Canola 130 30 10 26 Zone 4 Zone 3 Zone: 4 Target Yield:65 Zone 2 Crop N P K S Zone 1 Canola 140 30 10 28
  • 122. Varieties  Invigor L150  $480/bag-10ac/bag-$48.00/ac  Invigor L130  $480/bag-10ac/bag-$47.00/ac  High Yield Potential  Break up Canola herbicide Systems used in the past
  • 123. Location and Seeding  Total of 360 acres of seed purchased  L150 -AL01 – variable rate fertilizer  L130 -LC12, LC01 and LC03  Both seeded on cereal stubble in May  Seeding 5 lbs/ac rate  10 plants/ft2  Dekalb canola variety trials
  • 124. Fertilizer  LC 1&3  120-25-0-25 – $98/ac  LC12  135-20-10-30 - $105/ac  UptakeRates(60bu/ac)-198-87-138-36  Removal Rates(60bu/ac)-115-63-31-20
  • 125. Crop Protection  Herbicide – Pre seed  Cleanstart $7.10/ac  Herbicide – In crop  Liberty Herbicide two pass system -1st pass at 1.6L/ac @ $11.98/ac -2nd pass at 1.35L/ac @ $9.95/ac -quack grass -thistles  Tank mix 1st pass with Centurion  $2.36 -$4.73/ac  grassy weed control
  • 126. Crop Protection  Fungicide  Proline -sclerotinia control -126-147 mL/ac -$17-$25/ac - Saving 25% - Bayer value program
  • 127. Crop Protection  Insecticide  Sevin XLR -flea beetles -$4-28/ac  Decis -Bertha Army Worms -$4-8/ac  Lorsban ($5-23) or Matador ($5-6) -Cutworms
  • 128. CROP INFORMATION Canola Canola Canola Variety L150 L130 L130 Field AL01 LC 12 LC 1 & 3 Acres 133 115 76 Yield (Bu) 58 60 60 Projected Price($/Bu) $ 11.50 $ 11.50 $ 11.50 TOTAL INCOME $ 667.00 $ 690.00 $ 690.00 EXPENSES Custom Work $ 62.25 $ 56.25 $ 56.25 Crop Protection Productions $ 73.76 $ 73.76 $ 73.76 Fertilizer $ 109.40 $ 105.00 $ 98.00 Seed and Seed Treatments $ 44.80 $ 44.70 $ 44.70 Other $ - $ - $ - Insurance $ 23.45 $ 23.45 $ 23.45 Equipment, Buildings, Etc $ 30.04 $ 30.04 $ 30.04 TOTAL EXPENSES $ 343.40 $ 333.20 $ 326.20 NET MARGIN $ 323.30 $ 356.80 $ 363.80 Break Even Yield at Budget Price 29 29 28 Break Even Price at Budget Yield $ 5.56 $ 5.55 $ 5.44 Gross Margin for Field $ 47,441.10 $ 41,032.00 $ 27,648.80
  • 130. Variety  Trochu  Smooth awned  Six row  Dual purpose  High silage yield  Common root rot resistance  Scald resistance genes  Low lodging resistance
  • 131. Seeding  Will be grown on  LC 17 A, B and C  LC 10  LC 11  Will be seeded  Mid May to early June  100 lbs/ac rate  24 plants/ft2  1.5- inch depth
  • 132. Nutrients and Crop Protection  Fertilizer  70-25-0-10  Herbicide – Pre Seed  Round Up Transorb plus Express Pro  Herbicide – In crop  Frontline XL plus Axial
  • 133. CROP INFORMATION Barley Silage Barley Silage Barley Silage Barley Silage Variety Trochu Trochu Trochu Trochu Field LC 17 A LC 17 B LC 17 C LC 11 + 10 Acres 98 78 88 45 Yield (MT) 8 8 8 8 Projected Price($/MT) $ 26.00 $ 26.00 $ 26.00 $ 26.00 TOTAL INCOME $ 208.00 $ 208.00 $ 208.00 $ 208.00 EXPENSES Custom Work $ 44.00 $ 44.00 $ 44.00 $ 44.00 Crop Protection Productions $ 35.00 $ 35.00 $ 35.00 $ 35.00 Fertilizer $ 55.88 $ 55.88 $ 55.88 $ 55.88 Seed and Seed Treatments $ 22.50 $ 22.50 $ 22.50 $ 22.50 Other $ - $ - $ - $ - Insurance $ 8.87 $ 8.87 $ 8.87 $ 8.87 Equipment, Buildings, Etc $ 23.19 $ 23.19 $ 23.19 $ 23.19 TOTAL EXPENSES $ 189.44 $ 189.44 $ 189.44 $ 189.44 NET MARGIN $ 18.56 $ 18.56 $ 18.56 $ 18.56 Break Even Yield at Budget Price 7 7 7 7 Break Even Price at Budget Yield $ 23.68 $ 23.68 $ 23.68 $ 23.68 Gross Margin for Field $ 1,818.88 $ 1,447.68 $ 1,633.28 $ 835.20
  • 135. Variety  CDC Meadow  Seed from last years pea crop  It is a proven variety that performs well in the Vermilion area  Price of seed determined by current market price
  • 136. Seeding  Will be grown on  LC 14  Will be seeded  Early May  180 lbs/ac rate  9 plants/ft2  2 inch depth  Post emergent rolling  Start rolling after seeding but no later than 5-6 nodes
  • 137. Nutrients  Fertilizer  13-20-10-10  Uptake Rates (50bu/ac) -150-42-138-13  Removal Rates (50bu/ac) -118-35-36-7
  • 138. Crop Protection  Seed Treatment  Trilex - used for seedling blight and root rot control - $4.06/bu  Inoculant  Inoculator XL peat based - $2.54/bu
  • 139. Crop Protection  Herbicide – Pre seed  Roundup Weathermax plus Heat - Canada thistle, Wild oat and Volunteer canola control - Glyphosate - $4.50/ac - Heat - $5.21/ac  Herbicide – In crop  Odyssey DLX - longer residual control on multiple flushes of weeds
  • 140. Crop Protection  Fungicide  Headline EC  Desiccant  Reglone  Insecticide  Matador 120 EC
  • 141. CROP INFORMATION Peas Variety CDC Meadow Field LC 14 Acres 130 Yield (Bu) 50 Projected Price($/Bu) $ 7.50 TOTAL INCOME $ 375.00 EXPENSES Custom Work $ 56.25 Crop Protection Productions $ 61.36 Fertilizer $ 28.00 Seed and Seed Treatments $ 40.20 Other $ 8.00 Insurance $ 20.78 Equipment, Buildings, Etc $ 38.04 TOTAL EXPENSES $ 252.63 NET MARGIN $ 122.37 Break Even Yield at Budget Price 34 Break Even Price at Budget Yield $ 5.05 Gross Margin for Field $ 15,908.10
  • 143. Varieties  CDC Utmost – HRS  LC04  Alvena – HRS  LC05 & LC06  AC Andrew – SWS  LC18  Each variety will be seeded  1 inch depth  Target Plant Population  HRS - 25 plants/ft2  SWS - 20plants/ft2
  • 144. Fertilizer  LC18 – SWS  120-30-25-10 plus 1 lb of Cu -Foliar Cu  Uptake Rates(85bu/ac): 196-68-170-21  Removal Rates(85bu/ac): 136-51-38-11  LC04, 05 & 06 – HRS  90-30-15-10 plus 1 lb of Cu -Foliar Cu -ESN trial  Uptake Rates(60bu/ac): 138-48-120-15  Removal Rates(60bu/ac): 96-36-27-7.8
  • 145. Crop Protection  Herbicide – Pre seed  LC18 –Prepare plus Pre-pass (with glyphosate)  LC 04, 05 & 06 -Glyphosate  Herbicide – In crop  LC18 –Prestige –Everest (follow up on Prepare)  LC 04, 05 & 06 –Tandem –MCPA Ester
  • 146. Crop Protection  Dual Action Seed treatment  Raxil WW  Fungicide - Foliar  Prosaro 250 EC  Insecticide  Lorsban 4E
  • 147. Possible Buyers  SWS  Ethanol -Husky Energy  Feed and Ethanol -Highland Feeders Ltd.  HRS  Milling -CWB -Viterra -Cargill
  • 148. CROP INFORMATION SWS HRS HRS Variety AC Andrew Utmost Alvena Field LC 18 LC 4 LC 5 & 6 Acres 98 70 55 Yield (Bu) 85 60 60 Projected Price($/Bu) $ 5.20 $ 7.00 $ 7.00 TOTAL INCOME $ 442.00 $ 420.00 $ 420.00 EXPENSES Custom Work $ 56.25 $ 56.25 $ 56.25 Crop Protection Productions $ 60.00 $ 60.00 $ 60.00 Fertilizer $ 108.00 $ 88.00 $ 88.00 Seed and Seed Treatments $ 27.00 $ 27.15 $ 31.88 Other $ - $ - $ - Insurance $ 14.91 $ 12.92 $ 15.03 Equipment, Buildings, Etc $ 30.04 $ 30.04 $ 30.04 TOTAL EXPENSES $ 296.20 $ 274.36 $ 281.20 NET MARGIN $ 145.80 $ 145.64 $ 138.80 Break Even Yield at Budget Price 57 39 40 Break Even Price at Budget Yield $ 3.48 $ 4.57 $ 4.69 Gross Margin for Field $ 14,288.40 $ 10,194.80 $ 7,634.00
  • 150. Flax Production Overview  Grown on LC14  Variety – Hanley  Target of 30 bu/ac  Fertilizer  45-20-0-5  Herbicide – Pre seed  Cleanstart  Herbicide – In crop  FlaxMax  Fungicide – Optional  Headline  Desiccant  Reglone
  • 151.  Why we did not choose to grow flax  competition for acres  had a large silage commitment with livestock SMF (100 acres more than originally expected)  not a good fit in rotation –Not ideal after canola, as it has allelopathic residues