2012 SMF CropsFinal Presentation
SMF Manager Roles & Responsibilities    Provide leadership to the class    Support the SMF managers    Provide a vision...
SMF – Powered By New Holland 10-year,   multi-million dollar Deal “We’reproud to enter into this agreement with New Holl...
Management Team Amy  Smith – Operations Jared Sapach – Marketing Lindsey Stanko – Finance Codey Boehm – Public Relatio...
Presentation Information InformationPackage Question Period will follow each group  presentation
Agenda Public Relations Operations Marketing Intermission Finance Production
PublicRelationsCodey BoehmPublic Relations Manager
Members and Roles Group members include:     Ashleigh B, Ashley K and Dalyn W Teacher Advisor: Robert Dixon Public   Re...
OperationsAmy SmithOperations Manager
Members and Roles Group members include:     Pearce R, Reid F and Stephen T Teacher Advisor: John Lunty Operations   is...
Field Manager ProA   software program designed to    compile chemical and fertilizer used    dates of operations    fi...
Data Input
New & Improved Bin Plan
Importance of FMP Record  keeping Communication Keeps our farming operation organized Easy transition from class to cl...
Carbon Credits   A carbon credit is a tradable certificate   The company selling the carbon credit must    reduce one to...
Carbon Credits Reduced or zero tillage practices generate carbon credits Growingcrops take in CO2 and emit O2 through ph...
Carbon Credits After  15 to 30 years it is estimated that the  soil will reach its capacity to hold carbon  in a stable s...
Harvest Field   information on Prezi
Questions?
MarketingJared SapachMarketing Manager
Members and Roles  Wheat  Team: Jake M, Chad K, Michelle B  Feed Grains Team: Sven W  Peas Team: Kaz D  Flax Team: Jus...
MarketingWheatJake, Chad & Michelle
HRS Summary  105 MT priced under December futures  95 MT priced under March futures  150 MT put in the wheat pool    c...
December Contracts   105MT futures priced by previous SMF in 15MT    increments   Basis priced out between October and  ...
December Contracts                                              Adjustment# of Tonnes Futures Price /mt   Basis /mt       ...
($47.51)
March Contracts                                            Adjustment# of Tonnes Futures Price /mt   Basis /mt            ...
($310.22)
($29.81)
SWS Summary        22 MT priced through the pool            Current PRO $6.61/bu        10MT priced out fully last marc...
(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...
HRS Forward Pricing Estimated 100 acres to be seeded Estimated 50 bushel yield 100ac   X 50bu = 5000bu 20MT = 735bu 2...
MarketingFeed GrainsSven
Average PriceSource: 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$/bu F.O.B Average ...
Feed Barley Sold   to College Farm Ag   Value 4.14$/bu F.O.B 1350bu   at 4.04$/bu
MarketingPeasKaz
10.00                               Peas Prices –Viterra Lavoy   $10.00/bu 9.50              $9.03/bu 9.00 8.50           ...
Date         Bushels sold Price     Freight   Price after                          ($/bu)    Cost      Freight ($/bu)Septe...
Canadian Peas   Canadian peas production fell by 30% largely    due to lower harvested area in Saskatchewan   Exports ar...
Dry Peas: December 15, 2011                           2008            2009          2010         2011                     ...
AverageStock to UseRatio 13%
Market Outlook   Canadian dry pea prices have been    supported this crop year by a smaller world    dry pea crop and ste...
MarketingFlaxJustin P
Where is it grown? Themajority of the flax (80%) is grown in south-eastern Saskatchewan Total     seeded & harvested fla...
Why is Flax Acreage Decreasing?  Competition   from Kazakhstan & Russia  Under       pressure due to lower oilseed and  ...
World Producers (2010)                         Canada                         China                         United States ...
World Exports (2009)                       Canada                       Belgium                       Russia              ...
Main Canadian Flax Importers                               European Union                               United States     ...
December 15, 2011 Stats Canada                          2009    2010     2011                          -2010   - 2011   - ...
2012 Viterra Flax Prices         15.00         14.00                                            2011 average ($ 13.42/ bu)...
Flax Contracts         Contracts   Amount in MT      Price/bu     1               15              13.02     2             ...
MarketingCanolaDamian, Steph & Malcolm
Dekalb - No. 3 Canola  213MT      sold to Viterra        79MT was 16-18% green        134MT was between 18-20% green  ...
Victory – No.2 Canola   76MT signed up for basis contract    on December 14, 2011   Estimated discount from No.1– No.2  ...
Five Year Basis Average Source: George Morris Center
Retracement Lines
Trend-lines
Futures Pricing
Contract Breakdown                     Tonne          Futures       Basis           Net Price      Net Price      Total   ...
Canadian: Stock-Use ratio25%                      23.1%                                    CANDIAN CANOLA S/U             ...
Forward Pricing Estimated   330 acres will be seeded Estimated   yield of 35 bushels per acre Comfortable    to pre-pri...
Forward Pricing Forward   priced 10MT of number 1 canola Used November 2012 futures at $557.60 with a $18.11 under basis...
November 2012 Futures
Questions?
Intermission – 10 minutesRefreshments in Room MB123
FinanceLindsay StankoFinance Manager
Members and Roles Group members include:     Breann W, Tara W, Harolt W, Justin K Teacher Advisor: Kelsey Dodsworth Fin...
FinanceField SummaryHarolt & Justin K
LC14 – 130 acres  Canola   – Dekalb  Yield – 39.9 bu/ac  Income      Price              $9.46/bu      Total Income   ...
LC17A – 98 acres Canola   - Dekalb Yield - 36.4 bu/ac Income     Price              $9.46/bu     Total Income       $...
LC17B – 78 acres Canola   – Victory Yield – 43.1 bu/ac Income     Price              $12.70/bu     Total Income      ...
LC05, Intercrop – 28 acres Canola   – Clearfield Yield – 23.8 bu/ac Income     Price               $9.46/bu     Total...
LC05, Intercrop – 28 acres  Peas  – CDC Meadow  Yield – 33.4 bu/ac  Income     Price              $10.00/bu     Total...
LC04&06 – 96 acres  Peas  – CDC Meadow  Yield – 62.1 bu/ac  Income     Price              $8.80/bu     Total Income  ...
LC12 – 18 acres SWS  Wheat – AC Andrew Yield – 80.4 bu/ac Income    Price              $5.75/bu    Total Income      ...
LC12 – 97 acres HRS Wheat – Kane Yield – 47.3 bu/ac Income     Price              $6.20/bu     Total Income       $29...
AL01 – 133 acres  HRS Wheat – Harvest  Yield – 62.6 bu/ac  Income     Price              $6.20/bu     Total Income   ...
LC18 – 98 acres Flax – Hanley Yield – 28.3 bu/ac Income     Price              $12.50/bu     Total Income       $353....
LC11 – 15 acres Feed  Barley – Ranger Yield – 90 bu/ac Income     Price               $4.04/bu     Total Income      ...
LC01&03 – 76 acres Barley Silage – Ranger Yield – 12 MT Income     Price                $25.50/MT     Total Income   ...
LC10 – 30 acres Barley Silage – Ranger Yield – 12 MT Income     Price                $25.50/MT     Total Income      ...
FinanceFarm Financial SummaryTaralynn & Breann
Crop Inventory   Commodity         Tonnes Bushels Target Price    Estimated                                       ($/bu)  ...
Total Income                                       Apr 11 - Mar 12   Incom e      4000 · Sales             4020 · Canola S...
Expenses4850 · Interest Expense            71.34 5310 · Insurance                17,397.445010 · Custom Seeding           ...
Net Margin       $73, 963.70             As of March 22, 2012 (in handout)
Year     Net Margin (Before Depreciation)1996-97             $60, 412.391997-98             ($15, 128.00)1998-99          ...
Questions?
ProductionCory LairdProduction Manager
Members and Roles   Canola: Dalyn W   Barley silage: Tara W, Reid F   Peas: Chad K and Justin P   Flax: Justin K   Wh...
Production Planning Considerations   Field   History       Crop Rotation       Chemical Rotation   Economics      (Bud...
Fertilizer Calculator Crop Uptake and Removal Chart                   Uptake                                              ...
Canola ExampleUptake    Target Yield:60Crop       N      P     K     SCanola    198    87    138   36Removal   Target Yiel...
Fertilizer Blend Agronomics   Organic Matter – 7lb of N per 1% of O.M will    be released   Nitrogen – Multiply by 0.7 (...
Law of Minimum - Liebig   The law of    minimum    developed by    Liebig in 1862    states that crop    production can  ...
Variable RateTechnologyAllied 01
Variable Rate Technology Variable         Rate Technology or VRT combines GPS, electronic controllers and geographical in...
VRT Possibilities Fertilizer Herbicide Insecticide Fungicide Others?
VRT Implementation   Map‐based       Prescription maps   Sensor‐based       Real‐time crop or field assessment        ...
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              ...
ProductionCanolaDalyn
Varieties Invigor   L150     $480/bag-10ac/bag-$48.00/ac Invigor   L130     $480/bag-10ac/bag-$47.00/ac High  Yield P...
Location and Seeding  Total      of 360 acres of seed purchased        L150          -AL01 – variable rate fertilizer   ...
Fertilizer LC   1&3    120-25-0-25 – $98/ac LC12    135-20-10-30 - $105/ac UptakeRates(60bu/ac)-198-87-138-36 Remova...
Crop Protection Herbicide   – Pre seed    Cleanstart $7.10/ac Herbicide   – In crop    Liberty Herbicide two pass syst...
Crop Protection Fungicide  Proline     -sclerotinia control     -126-147 mL/ac     -$17-$25/ac     - Saving 25% - Bayer ...
Crop Protection Insecticide  Sevin  XLR     -flea beetles     -$4-28/ac  Decis     -Bertha Army Worms     -$4-8/ac  Lo...
CROP INFORMATION                 Canola         Canola         CanolaVariety                          L150           L130 ...
ProductionBarley SilageTaralynn & Reid
Variety Trochu    Smooth awned    Six row    Dual purpose    High silage yield    Common root rot resistance    Sca...
Seeding Will   be grown on       LC 17 A, B and C       LC 10       LC 11   Will be seeded       Mid May to early Ju...
Nutrients and Crop Protection Fertilizer     70-25-0-10 Herbicide     – Pre Seed     Round Up Transorb plus Express Pr...
CROP INFORMATION                   Barley Silage     Barley Silage     Barley Silage  Barley SilageVariety                ...
ProductionPeasChad & Justin P
Variety CDC   Meadow    Seed from last years pea crop    It is a proven variety that performs well in     the Vermilion...
Seeding Will   be grown on     LC 14 Will   be seeded     Early May     180 lbs/ac rate     9 plants/ft2     2 inch...
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/b...
Crop Protection  Herbicide   – Pre seed     Roundup Weathermax plus Heat        - Canada thistle, Wild oat and Volunteer...
Crop Protection Fungicide     Headline EC Desiccant     Reglone Insecticide     Matador 120 EC
CROP INFORMATION                   PeasVariety                            CDC MeadowField                              LC ...
ProductionWheatMichelle
Varieties  CDC    Utmost – HRS     LC04  Alvena    – HRS     LC05 & LC06  AC   Andrew – SWS     LC18  Each   variet...
Fertilizer LC18   – SWS    120-30-25-10 plus 1 lb of Cu       -Foliar Cu    Uptake Rates(85bu/ac): 196-68-170-21    Re...
Crop Protection Herbicide   – Pre seed    LC18       –Prepare plus Pre-pass (with glyphosate)    LC 04, 05 & 06       -...
Crop Protection Dual   Action Seed treatment     Raxil WW Fungicide      - Foliar     Prosaro 250 EC Insecticide    ...
Possible Buyers   SWS       Ethanol         -Husky Energy       Feed and Ethanol          -Highland Feeders Ltd.   HRS...
CROP INFORMATION                   SWS              HRS              HRSVariety                            AC Andrew      ...
ProductionFlaxJustin K
Flax Production Overview   Grown on LC14   Variety – Hanley       Target of 30 bu/ac   Fertilizer       45-20-0-5   ...
 Why   we did not choose to grow flax    competition for acres    had a large silage commitment with     livestock SMF ...
Questions?
Thank you!
Closing Video
Student Managed Farm Crops Final Presentation 2012
Student Managed Farm Crops Final Presentation 2012
Student Managed Farm Crops Final Presentation 2012
Student Managed Farm Crops Final Presentation 2012
Student Managed Farm Crops Final Presentation 2012
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Student Managed Farm Crops Final Presentation 2012

  1. 1. 2012 SMF CropsFinal Presentation
  2. 2. SMF Manager Roles & Responsibilities  Provide leadership to the class  Support the SMF managers  Provide a vision for and direction for SMF
  3. 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. 4. Management Team Amy Smith – Operations Jared Sapach – Marketing Lindsey Stanko – Finance Codey Boehm – Public Relations Cory Laird - Production
  5. 5. Presentation Information InformationPackage Question Period will follow each group presentation
  6. 6. Agenda Public Relations Operations Marketing Intermission Finance Production
  7. 7. PublicRelationsCodey BoehmPublic Relations Manager
  8. 8. 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
  9. 9. OperationsAmy SmithOperations Manager
  10. 10. 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
  11. 11. Field Manager ProA software program designed to  compile chemical and fertilizer used  dates of operations  field history  storage and harvest data
  12. 12. Data Input
  13. 13. New & Improved Bin Plan
  14. 14. Importance of FMP Record keeping Communication Keeps our farming operation organized Easy transition from class to class
  15. 15. 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
  16. 16. 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
  17. 17. 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
  18. 18. Harvest Field information on Prezi
  19. 19. Questions?
  20. 20. MarketingJared SapachMarketing Manager
  21. 21. 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
  22. 22. MarketingWheatJake, Chad & Michelle
  23. 23. 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
  24. 24. 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
  25. 25. 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
  26. 26. ($47.51)
  27. 27. 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
  28. 28. ($310.22)
  29. 29. ($29.81)
  30. 30. 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
  31. 31. (U.S. Wheat Associates)
  32. 32. (U.S. Wheat Associates)
  33. 33. (U.S. Wheat Associates)
  34. 34. (U.S. Wheat Associates)
  35. 35. (U.S. Wheat Associates)
  36. 36. (U.S. Wheat Associates)
  37. 37. 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
  38. 38. 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
  39. 39. MarketingFeed GrainsSven
  40. 40. Average PriceSource: Prairie Crop Charts
  41. 41. 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
  42. 42. Feed Barley Sold to College Farm Ag Value 4.14$/bu F.O.B 1350bu at 4.04$/bu
  43. 43. MarketingPeasKaz
  44. 44. 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 $6.80 (Ag Food Canada) 6.50
  45. 45. Date Bushels sold Price Freight Price after ($/bu) Cost Freight ($/bu)September 1580bu $9.03 $0.31 $8.72March 1200bu $8.50 F.O.B. $8.50March 940bu $10.00 F.O.B. $10.00Average $9.07Total Sold 3720bu  Started out with 4720bu  Of remaining 1000bu, 700bu are cleaned for seed and 300bu are bin run
  46. 46. Canadian Peas Canadian peas production fell by 30% largely due to lower harvested area in Saskatchewan Exports are expected to fall to 2.1 million tonnes Other major markets are in China and Bangladesh Market support may come from a smaller US crop
  47. 47. Dry Peas: December 15, 2011 2008 2009 2010 2011 -2009 -2010 - 2011 - 2012Area Seeded (kha) 1,617 1,522 1,396 942Area Harvested (kha) 1,582 1,487 1,322 914Yield (t/ha) 2.26 2.27 2.28 2.31Production (thousand 3,571 3,379 3,018 2,116tonnes-kt)Imports (kt) 15 55 33 40Total Supply (kt) 3,841 3,880 3,951 2,691Exports (kt) 2,826 2,178 3,012 2,100Total Domestic Use (kt) 571 802 404 391Carry-out Stocks (kt) 445 900 535 200Stocks-to-use Ratio (%) 13 30 16 8Average Price ($/bu) 6.80 5.03 6.80 7.89 – 8.71
  48. 48. AverageStock to UseRatio 13%
  49. 49. 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
  50. 50. MarketingFlaxJustin P
  51. 51. 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
  52. 52. Why is Flax Acreage Decreasing?  Competition from Kazakhstan & Russia  Under pressure due to lower oilseed and vegetable oil prices  European Union wanting organic flax
  53. 53. World Producers (2010) Canada China United States Russia
  54. 54. World Exports (2009) Canada Belgium Russia United Kingdom
  55. 55. Main Canadian Flax Importers European Union United States Japan
  56. 56. December 15, 2011 Stats Canada 2009 2010 2011 -2010 - 2011 - 2012fArea Seeded (kha) 692 374 281Area Harvested (kha) 623 353 273Yield (t/ha) 1.49 1.20 1.35Production (kt) 930 423 368Imports (kt) (b) 6 8 5Total Supply (kt) 1,165 720 567Exports (kt) (c) 772 404 350Total Domestic Use 104 123 117(kt) (d)Carry-out Stocks (kt) 289 194 100Average Price ($/t) (g) 424 530** 510-550
  57. 57. 2012 Viterra Flax Prices 15.00 14.00 2011 average ($ 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 ...
  58. 58. 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
  59. 59. MarketingCanolaDamian, Steph & Malcolm
  60. 60. 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
  61. 61. 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
  62. 62. Five Year Basis Average Source: George Morris Center
  63. 63. Retracement Lines
  64. 64. Trend-lines
  65. 65. Futures Pricing
  66. 66. 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 3,237.62Total 76.2 43,161.84 Average per tonne $548.25 $23.72 $566.43 Average per bushel $12.43 $0.54 $12.85
  67. 67. Canadian: Stock-Use ratio25% 23.1% CANDIAN CANOLA S/U 21.8% RATIO Canola Council of Canada20% 19.4% 18.0% 17.6%15% 14.5% 13.2% 12.0%10% 8.3%5%0% 02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-10 10-11
  68. 68. Forward Pricing Estimated 330 acres will be seeded Estimated yield of 35 bushels per acre Comfortable to pre-price 17% 330 ac X 35 bu = 11550bu 44MT =1963 bu 44MT = 17% Targeting 12$/bu
  69. 69. 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
  70. 70. November 2012 Futures
  71. 71. Questions?
  72. 72. Intermission – 10 minutesRefreshments in Room MB123
  73. 73. FinanceLindsay StankoFinance Manager
  74. 74. 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
  75. 75. FinanceField SummaryHarolt & Justin K
  76. 76. 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
  77. 77. 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
  78. 78. 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
  79. 79. 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
  80. 80. 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
  81. 81. 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
  82. 82. 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
  83. 83. 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
  84. 84. 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
  85. 85. 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
  86. 86. 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
  87. 87. 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
  88. 88. 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 $118.81/ac
  89. 89. FinanceFarm Financial SummaryTaralynn & Breann
  90. 90. Crop Inventory Commodity Tonnes Bushels Target Price Estimated ($/bu) ValueHRS Wheat clean 170 6246 $ 7.00 $ 43,722.00FD Wheat 44 1617 $ 5.00 $ 8,085.00SWS Wheat 35 1286 $ 6.00 $ 7,716.00Barley 29 1332 $ 4.04 $ 5,381.28Peas 15 533 $ 8.50 $ 4,530.50Clean Peas 19 700 $ 9.50 $ 6,650.00Victory Canola 76 3351 $ 12.75 $ 42,725.25Flax 35 1378 $ 12.50 $ 17,225.00screenings 18 660 $ 3.00 $ 1,980.00 TOTAL 441 17,103 $ 138,015.03 As of March 22, 2012 (in handout)
  91. 91. 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)
  92. 92. Expenses4850 · Interest Expense 71.34 5310 · Insurance 17,397.445010 · Custom Seeding 23,100.00 5400 · Seed Treatm ent 1,589.705020 · Custom Spraying 14,918.50 5500 · Custom Seed Treating 397.505030 · Custom Soil Testing 890.00 5610 · Rentals - Outside 4,702.005040 · Custom Trucking 9,669.58 5700 · Seed & Seed Cleaning 39,889.195060 · Custom Crop Scouting 455.00 5850 · Tools 49.305100 · Equipment Repair 8,444.97 5900 · Depreciation 4,539.005110 · Facility Maintenance 6,132.06 6000 · Unallocated Expense 967.405120 · Fertilizer & Inoculant 50,295.65 69810 · Com bine Lease 26,591.945130 · Fuel, Oil. Filters 5,933.14 69820 · Grain Truck Rent 5,000.005200 · Herbicide 21,891.25 Total Expense 242,924.96 As of March 22, 2012 (in handout)
  93. 93. Net Margin $73, 963.70 As of March 22, 2012 (in handout)
  94. 94. Year Net Margin (Before Depreciation)1996-97 $60, 412.391997-98 ($15, 128.00)1998-99 ($7, 475.00)1999-00 $13, 536.002000-01 $3049.382001-02 $5629.002002-03 $8327.002003-04 $24, 713.002004-05 $4739.642005-06 $46, 001.362006-07 $52, 585.392007-08 $58, 585.142008-09 ($18, 777.31)2010-11 $49, 566.942011-12 $78, 502.70
  95. 95. Questions?
  96. 96. ProductionCory LairdProduction Manager
  97. 97. 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
  98. 98. 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
  99. 99. 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 SCanola 3.30 1.45 2.30 0.60 Canola 1.92 1.05 0.52 0.34Wheat 2.30 0.80 2.00 0.25 Wheat 1.60 0.60 0.45 0.13Barley 1.40 0.55 1.35 0.16 Barley 1.00 0.42 0.32 0.09Oats 1.10 0.40 1.45 0.13 Oats 0.62 0.26 0.19 0.05Flax 3.00 0.85 1.80 0.56 Flax 2.20 0.65 0.60 0.23Peas 3.00 0.83 2.75 0.25 Peas 2.35 0.70 0.71 0.13Uptake = Total Nutrient taken up by crop togrow and developRemoval = Nutrient removed in harvestedportion of the cropThe guidelines in this chart are estimates and based on typical nutrient concentrations and yields forgood growing conditions in western CanadaReferences: CFI Nutrient Uptake and Removal - Western Canada 2001, Eastern Canada2001, A&L Agronomy HandbookNutrient Content, Uptake pattern and Carbon: Nitrogen Ratios of Prairie Crops, ManitobaAgriculture, Food and Rural Initiatives 2007
  100. 100. Canola ExampleUptake Target Yield:60Crop N P K SCanola 198 87 138 36Removal Target Yield:60Crop N P K SCanola 115 63 31 20
  101. 101. 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
  102. 102. 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
  103. 103. Variable RateTechnologyAllied 01
  104. 104. 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
  105. 105. VRT Possibilities Fertilizer Herbicide Insecticide Fungicide Others?
  106. 106. VRT Implementation Map‐based  Prescription maps Sensor‐based  Real‐time crop or field assessment controlling Manual  Operator controlled
  107. 107. Map Layers Field History EC Map Topography Yield Maps
  108. 108. Al 01
  109. 109. Yield Map 2011
  110. 110. Topography
  111. 111. Topography With Yield Map 2011
  112. 112. Profit Loss Map 2011
  113. 113. EC Map
  114. 114. 3 Year Yield Average
  115. 115. 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 26Zone 4Zone 3 Zone: 4 Target Yield:65Zone 2 Crop N P K SZone 1 Canola 140 30 10 28
  116. 116. ProductionCanolaDalyn
  117. 117. 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
  118. 118. 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
  119. 119. 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
  120. 120. 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
  121. 121. Crop Protection Fungicide  Proline -sclerotinia control -126-147 mL/ac -$17-$25/ac - Saving 25% - Bayer value program
  122. 122. Crop Protection Insecticide  Sevin XLR -flea beetles -$4-28/ac  Decis -Bertha Army Worms -$4-8/ac  Lorsban ($5-23) or Matador ($5-6) -Cutworms
  123. 123. CROP INFORMATION Canola Canola CanolaVariety L150 L130 L130Field AL01 LC 12 LC 1 & 3Acres 133 115 76Yield (Bu) 58 60 60Projected Price($/Bu) $ 11.50 $ 11.50 $ 11.50TOTAL INCOME $ 667.00 $ 690.00 $ 690.00EXPENSESCustom Work $ 62.25 $ 56.25 $ 56.25Crop Protection Productions $ 73.76 $ 73.76 $ 73.76Fertilizer $ 109.40 $ 105.00 $ 98.00Seed and Seed Treatments $ 44.80 $ 44.70 $ 44.70Other $ - $ - $ -Insurance $ 23.45 $ 23.45 $ 23.45Equipment, Buildings, Etc $ 30.04 $ 30.04 $ 30.04TOTAL EXPENSES $ 343.40 $ 333.20 $ 326.20NET MARGIN $ 323.30 $ 356.80 $ 363.80Break Even Yield at Budget Price 29 29 28Break Even Price at Budget Yield $ 5.56 $ 5.55 $ 5.44Gross Margin for Field $ 47,441.10 $ 41,032.00 $ 27,648.80
  124. 124. ProductionBarley SilageTaralynn & Reid
  125. 125. Variety Trochu  Smooth awned  Six row  Dual purpose  High silage yield  Common root rot resistance  Scald resistance genes  Low lodging resistance
  126. 126. 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
  127. 127. 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
  128. 128. CROP INFORMATION Barley Silage Barley Silage Barley Silage Barley SilageVariety Trochu Trochu Trochu TrochuField LC 17 A LC 17 B LC 17 C LC 11 + 10Acres 98 78 88 45Yield (MT) 8 8 8 8Projected Price($/MT) $ 26.00 $ 26.00 $ 26.00 $ 26.00TOTAL INCOME $ 208.00 $ 208.00 $ 208.00 $ 208.00EXPENSESCustom Work $ 44.00 $ 44.00 $ 44.00 $ 44.00Crop Protection Productions $ 35.00 $ 35.00 $ 35.00 $ 35.00Fertilizer $ 55.88 $ 55.88 $ 55.88 $ 55.88Seed and Seed Treatments $ 22.50 $ 22.50 $ 22.50 $ 22.50Other $ - $ - $ - $ -Insurance $ 8.87 $ 8.87 $ 8.87 $ 8.87Equipment, Buildings, Etc $ 23.19 $ 23.19 $ 23.19 $ 23.19TOTAL EXPENSES $ 189.44 $ 189.44 $ 189.44 $ 189.44NET MARGIN $ 18.56 $ 18.56 $ 18.56 $ 18.56Break Even Yield at Budget Price 7 7 7 7Break Even Price at Budget Yield $ 23.68 $ 23.68 $ 23.68 $ 23.68Gross Margin for Field $ 1,818.88 $ 1,447.68 $ 1,633.28 $ 835.20
  129. 129. ProductionPeasChad & Justin P
  130. 130. 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
  131. 131. 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
  132. 132. Nutrients Fertilizer  13-20-10-10  Uptake Rates (50bu/ac) -150-42-138-13  Removal Rates (50bu/ac) -118-35-36-7
  133. 133. Crop Protection Seed Treatment  Trilex - used for seedling blight and root rot control - $4.06/bu Inoculant  Inoculator XL peat based - $2.54/bu
  134. 134. Crop Protection  Herbicide – Pre seed  Roundup Weathermax plus Heat - Canada thistle, Wild oat and Volunteer canola control - Glyphosate - $4.50/ac - Heat - $5.21/ac  Herbicide – In crop  Odyssey DLX - longer residual control on multiple flushes of weeds
  135. 135. Crop Protection Fungicide  Headline EC Desiccant  Reglone Insecticide  Matador 120 EC
  136. 136. CROP INFORMATION PeasVariety CDC MeadowField LC 14Acres 130Yield (Bu) 50Projected Price($/Bu) $ 7.50TOTAL INCOME $ 375.00EXPENSESCustom Work $ 56.25Crop Protection Productions $ 61.36Fertilizer $ 28.00Seed and Seed Treatments $ 40.20Other $ 8.00Insurance $ 20.78Equipment, Buildings, Etc $ 38.04TOTAL EXPENSES $ 252.63NET MARGIN $ 122.37Break Even Yield at Budget Price 34Break Even Price at Budget Yield $ 5.05Gross Margin for Field $ 15,908.10
  137. 137. ProductionWheatMichelle
  138. 138. 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
  139. 139. 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
  140. 140. 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
  141. 141. Crop Protection Dual Action Seed treatment  Raxil WW Fungicide - Foliar  Prosaro 250 EC Insecticide  Lorsban 4E
  142. 142. Possible Buyers SWS  Ethanol -Husky Energy  Feed and Ethanol -Highland Feeders Ltd. HRS  Milling -CWB -Viterra -Cargill
  143. 143. CROP INFORMATION SWS HRS HRSVariety AC Andrew Utmost AlvenaField LC 18 LC 4 LC 5 & 6Acres 98 70 55Yield (Bu) 85 60 60Projected Price($/Bu) $ 5.20 $ 7.00 $ 7.00TOTAL INCOME $ 442.00 $ 420.00 $ 420.00EXPENSESCustom Work $ 56.25 $ 56.25 $ 56.25Crop Protection Productions $ 60.00 $ 60.00 $ 60.00Fertilizer $ 108.00 $ 88.00 $ 88.00Seed and Seed Treatments $ 27.00 $ 27.15 $ 31.88Other $ - $ - $ -Insurance $ 14.91 $ 12.92 $ 15.03Equipment, Buildings, Etc $ 30.04 $ 30.04 $ 30.04TOTAL EXPENSES $ 296.20 $ 274.36 $ 281.20NET MARGIN $ 145.80 $ 145.64 $ 138.80Break Even Yield at Budget Price 57 39 40Break Even Price at Budget Yield $ 3.48 $ 4.57 $ 4.69Gross Margin for Field $ 14,288.40 $ 10,194.80 $ 7,634.00
  144. 144. ProductionFlaxJustin K
  145. 145. 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
  146. 146.  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
  147. 147. Questions?
  148. 148. Thank you!
  149. 149. Closing Video

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