Student Managed Farm Crop Final Presentation
SMF Crops Team
Practicum Team
Where we come from?
MB SK
# of Students
AB BC 0
10
20
30
3 Pillars of Sustainability
Opportunity Cost Accounting for: • Land costs
• Machinery costs • Labour
Canola
Canola Yields (Bu/ac)
Cost of Production LC 20 Invigor
LC 1 / 3 Clearfield
LC 19 RR
Seed
$ 91.18
$52.68
$ 75.16
Pesticide
$ 27.62
$40.92
$ 13.32
Fertilizer
$ 69.07
$52.60
$ 50.87
Other
$ 93.94
Opportunity Cost $ 100.00
$101.57 $ 113.30 $100.00 $ 100.00
Total
$347.77
$381.81
$352.65
Returns per Acre Field
LC 20
LC 1 / 3
LC 19
Invigor
Clearfield
RR
Acres
109
76
93
% Damage
20%
18%
79%
Insurance
$100.54
$90.48
$442.37
Grain Sales
487.52
524.39
452.32
Production Cost
381.81
347.77
352.65
$206.25
$267.10
$542.04
Net Profit
LC 1/3 Yield Map
Market
Contract • Camrose Cargill Crusher – Best overall price
• Our last 21 tonnes of canola – Number 1
Research
• Why swath vs. straight cut – What it means to farmers
• Personal preference
What to think about • Key Points – What to take into consideration
• What’s better?
Research Trial Results
Research Trial Results
Weather Affects
July 12th, 2018
July 15th, 2018
2019 Canola Plan •
LC 17
•
LC 18 – Club Root Protection – Straight Cut Compatible
– Excellent Weed Control
Dekalb Tru-flex 94CR
Weed Control On AL01
Production Statistics
Market Outlook
QUESTIONS?
Peas/Soybeans
• Soybeans donated by Richardson Pioneer
Our Soybean Experience
Harvest
Pea Tonnage • 4.6 tons per acre
Environmental Factors • Hail Damage
Cost of Production $ / ac. Peas
Custom Work Pesticides Fertilizer Seed and Treatment Insurance Other Opportunity Cost Total Cost
$ 30.54 44.88 0.00 69.48 27.08 43.55 100.00 $ 315.53
Pea Returns ($/ac) Insurance Proceeds
$159.29
Grain Sales
$165.60
Total Revenue
$324.89
Net Profit $9.36/acre
$1095.12
Cost of Production $ / ac. Soybeans
Custom Work Pesticides Fertilizer Seed and Treatment Insurance Other Opportunity Cost Total Cost
$ 39.67 42.38 9.19 16.00 N/A 43.55 100.00 $ 250.79
Soybean Returns ($/ac) Insurance Proceeds
$ 0
Grain Sales
$ 88
Total Revenue
$ 88
Net Profit
($162.79/ac) ($4,883.70)
Marketing our Peas ● 2017 peas ● 1400 Bu. ● $6.67/ Bu.
Factors
Marketing our Soybean ● $8.80/Bu. ● 300 Bu.
Factors
Marketing Outlook
Marketing Outlook
Simplified Fields • High weed pressure
Field Selections • Fields LC 18 & LC 20
Research Opportunity
Zone 5
Seed Safety / Phosphate Rates Lbs. P2O5 With Seed
30 15 Alberta
Saskatchewan
Seed Safety Rates Treatment #
Seed placed P2O5 lbs/acre
Sideband P2O5 lbs/acre
Total P2O5 lbs/acre
1
0
60
60
2
15
45
60
3
30
30
60
4
45
15
60
5
60
0
60
Phosphorus Rates Treatment #
Seed placed P2O5 lbs/acre
Sideband P2O5 lbs/acre
Total P2O5 lbs/acre
1
0
0
0
2
15
0
15
3
15
15
30
4
15
30
45
5
15
45
60
6
15
60
75
Lakeland Research
QUESTIONS?
Wheat
Wheat Yields
AL01 •
Heavy weed pressure
•
Change in variety
•
Seeding challenges
Crop: HRS Wheat (AAC Brandon) Area: 135 acres
Yield: 41.95 bu/ac
LC 17 • Wheat variety • Hail damage • Wild oats • Disease pressure
Crop:
HRS Wheat (CDC Plentiful)
Area:
102.99 acres
Yield:
35.73 bu/ac
Cost of Production ($/ac) AL 01 Seed
LC 17 $ 32.95
Seed
$ 39.32
Fertilizer
61.16
Fertilizer
44.40
Pesticide
46.41
Pesticide
54.78
Other
110.31
Opportunity Cost 100.00
Total Cost $ 350.83
Other
117.67
Opportunity Cost
100.00
Total Cost $ 356.17
Wheat Returns ($/ac) AL 01
LC 17
$ 344.06
Wheat Sales
$ 344.06
102.74 $ 446.80
Insurance Payout Total Revenue
251.74 $ 595.80
Net Profit $ 95.97/ac
$ 239.63/ac
$ 12,955.95
$ 22,764.85
Wheat Contracts Bushels
Marketing
Marketing
Wheat Market Outlook • Canadian wheat acres to increase 9% • Canadian exports are at a strong pace
Source: https://www.producer.com/2019/01/small-u-s-winter-wheat-crop-likely/
http://wegrowfortheworld.com/2019/03/ag-canada-forecasting-more-corn-and-wheat-acres-for-2019-20/
World Stock to use ratio 2018 -2019 stock to use ratio
35.8%
2019 – Production • CDC Landmark HRS Wheat • Treated with Insure Cereal
• Pre burn. LC12 - Glyphosate and Blackhawk, LC 19 - Prepass XC • In crop. Velocity, Prosaro, Weathermax • LC 12 - 117 ac.100-25-10-0
• LC 19 - 93 ac. 100-25-10-0
2018 – Crop LC 12 – Carver Peas
LC 10 and 19 – RR Canola
Choice #1: Canola Growing
Growing HRS Wheat
HRS Wheat
QUESTIONS?
Zone 5
Intermission
Corn & Barley
LC 11
LC 14 LC 18 LC 10
LC 4/5
LC 1/3
History of Corn Production
Corn Yields
2018 Corn Production • LC14- DKL 23-21
• 100 acres • 8.5 tons/ac yield
2018 Corn Production • LC 4/5 – DKL P7202 • 70 acres • 8.5 tons/ac yield
Cost of Production ($/ac) LC 4/5
LC 14 Seed
$ 124.00
Seed
$127.00
Fertilizer
73.00
Fertilizer
90.00
Pesticide
31.00
Pesticide
31.00
Other
102.00
Other
102.00
Opportunity Cost
100.00
Opportunity Cost
100.00
Total Cost
$430.00
Total Cost
$450.00
Corn Returns LC 14
LC 4/5
Breakeven $51.00/ac
Breakeven
Sold for
Sold for
$36.00/ton
Net Loss:
$53.00/ac $36.00/ton
Net Loss:
($124.00)/ac
($144.00)/ac
($12,400)
($10,800)
2019 Corn Plan • LC 14 • MAIZEX MS 6902R • 130 acres
2019 Corn Budget • Production Cost $440.00/ac • Target Yield
16 tons/ac
• Target Price
$30.00/ton
• Projected Profit
$40.00/ac
History of Barley Production
Barley Yields ton/ac 15 10 5
0 2016
2017
2018
2017 Feed Barley • Carry over from 2017 • 376 bushels • Sold for $4.15/bu
2018 Barley Production • LC 18, 10, 4/5, & 11
• Austenson Barley • 147 acres • 7.7 tons/ac
Cost of Production ($/ac) LC 4/5
LC 18 Fertilizer
$41.00
Fertilizer
$50.00
Pesticide
41.00
Pesticide
37.00
Custom
38.00
Custom
30.00
Other
57.00
Other
57.00
Opportunity Cost
100.00 Opportunity Cost
Total Cost $276.00
100.00
Total Cost $274.00
Cost of Production ($/ac) LC 11
LC 10 Fertilizer
$32.00 Fertilizer
$16.00
Pesticide
7.00 Pesticide
3.00
Custom
23.00 Custom
16.00
Other
56.00 Other
57.00
Opportunity Cost
100.00 Opportunity Cost
Total Cost $218.00
100.00
Total Cost $192.00
2018 Barley Net Profit LC 18
LC 4/5
Breakeven $ 35.95/ac Breakeven $ 35.60/ac $ 36.00/ton Sold for $ 36.00/ton Sold for Net Profit: Net Profit: $ 3.20/ ac $ 0.40 / ac $73.60 $32.00
2018 Barley Net Profit LC 10
LC 11
Breakeven $ 28.00/ac Breakeven $ 25.00/ac $ 36.00/ton Sold for $ 36.00/ton Sold for Net Profit: Net Profit: $85.00 ac $59.00/ ac $935.00 $1,947.00
2019 Barley Plan • LC 4/5 & LC 1/3 • 169 acres • CDC Austenson
2019 Barley Plan • LC 20 • 109 acres • CDC Austenson
2019 Barley Budget • Production Costs $320.00/ac • Target Yield
10 tons/ac
• Target Price
$34.00/ton
• Projected Profit
$20.00/ac
2019 Barley Budget • Production Costs $320.00/ac • Target Yield
85 bu/ac
• Target Price
$4.25/bu
• Projected Profit
$41.25/ac
• Trending future prices for barley • Estimated price for next year’s grain barley
Summary ●
Best management practices ○
Clean fields
○
Spring field preparation
○
Pesticide plan
○
Crop rotation
QUESTIONS?
Special Projects
Capital Purchases Options for Each Proposal
Quotes with Prices
Considerations
Choose the Best Option
Describe the Benefits
Bin Hoppers + Fan
Unloading Auger
Frost Fighters
Grain Drying Bushels
Moisture Content Comparison
Wheat 17-19% m.c.
Canola 12-13% m.c.
Commodity
Canola <10% m.c.
Frost Fighters â&#x20AC;˘ Renting over Purchase
â&#x20AC;˘ Fit with Marketing Strategy
Seed Drill
Seed Drill Options â&#x20AC;¢ Precision Hoe Drill P2075
Seed Drill Options â&#x20AC;¢ Precision Double Shoot Disc Drill P2082
Seed Drill Options â&#x20AC;¢ Balloon payment on current P2050 Hoe Drill
Student Recommendation
Seed Drill Outcome • Balloon payment on New Holland P2050 Hoe Drill • Compare in field demo: – Precision Hoe Drill – Double Shoot Disc Drill
– P2050 Hoe Drill
Agronomist
Agronomist
Manure Management
Manure Management
Watershed Project
QUESTIONS?
Practicum
Overview •
Summer jobs
•
First semester
•
Analyzing data & recommendations
Production Analysis •
•
Rotation –
Crop
–
Pesticide
Fertility
Crop Rotation LC 17 Year 2015
Crop Canola
Variety Clearfield
2016 2017
Barley CDC Austenson Silage Yellow Peas CDC Meadow
2018
Wheat
Plentiful HR
Herbicide Rotation LC 17 Year
Herbicide Name
Group
2015
Clean Start
9 & 14
Ares
2
Roundup Transorb
9
Priority
2
Infinity
4, 6 & 27
2016
Year 2017
2018
Herbicide Name Roundup Transorb
Group 9
Viper ADV
2&6
Roundup Transorb
9
Prepass XC
2&9
Cirpreme
2&4
Simplicity
2
Roundup Transorb
9
Soil Fertility - Phosphorus LC 4/5
LC 14 Excess
Excess
Optimum
Optimum
Marginal
Marginal
Deficient
Deficient
0-6 ppm
9
28
260
6
0-6 ppm 28
150 590 14
Soil Fertility - Potassium •
LC 4/5 –
•
manure over application
Milk fever
Soil Fertility - Sulfur AL01 Excess Optimum Marginal Deficient N 0-6 ppm 30 6-24 ppm 78 (Canola Council, 2019)
P 84
K 680
S 102 960
Finance â&#x20AC;˘
Partial and Projected budget
â&#x20AC;˘
Capital Purchases
LC 20 â&#x20AC;&#x201C; Partial Budget
LC 20 â&#x20AC;&#x201C; Projected Budget
Capital Purchase â&#x20AC;&#x201C; Bin Yard Becky Scott Trail
Barr Farm Yard
Capital Purchase – Weigh Scale •
Data Management
•
Accurate Records
•
Livestock Use
SMF Recommendations & Compass •
Data collection issues
•
Possible solutions –
Data collection group
–
SMF teams take turns
Summary • Rotation • Data management • Change manure management • New bin yard • Weigh scale
QUESTIONS?
Sustainability of the Industry Relationship
Return on Investment
Soil health Self sustaining
Commodities
Sustainability of the Industry Relationship
Secure profit
Efficiency of land and resources
Special Projects
Net Profit Income
$471,333.84
Expense
$282,050.30
Profit
$189,283.54
QUESTIONS?
THANK-YOU!