The presentation covers operations at Lakeland College's Student Managed Fund fields. It discusses duties of various managers in areas like operations, marketing, and finance. Bin inventories and yields are provided for each field. Market trends and prices are presented for crops grown, including canola, barley, wheat, and flax. Forward pricing strategies and outlooks are also reviewed.
4. Assistant General Manager Duties
•Collect and record time sheets
•Total harvest hours: 900
•First semester meeting hours: 982
•Second semester hours to date: 781
•Record meeting minutes
•Fill in for general manager when absent
•Create a succession plan
33. Duties
Manager
• Record weekly prices (Futures, Basis, Cash Prices)
• Help team members when making grain sales
• Chair weekly meetings & prepare presentations
Team
• Sell the SMF Crops commodities
• Contact grain buyers
• Deliver samples to potential grain buyers
• Watch daily market trends
• Read market commentary
• Give production team a market outlook when deciding on next years
crop plan.
45. Outlook
• Barley acres will be down for 2014 crop year.
• With current commodity prices and rail backlog,
the basis for barley (and all grains) is currently
very wide and negative.
• The barley movement isn’t fully dependent on
rail.
50. Future Outlook on Peas
•Field peas (yellow and green) acres are
expected to remain about the same or be less
as the previous year. (3.1 million acres)
•Yellow pea market will be paying attention to
what happens in India.
•Canadian production for Green and Yellow peas
is up over last year.
52. What's Been Sold
• Break Even price $5.06/Bu
• Started with 520 MT or 19,841 Bu
• Remaining 86 MT or 3160 Bu not yet sold
Month
delivered
MT
sold
Price
($/Bu)
Price
($/MT)
Freight Cost
($/MT)
Price after
Freight ($/MT)
Sold To
January 264 7.29 267.83 9.00 258.83
Pioneer
Lavoy
February 126 6.62 243.22 6.60 236.62
Cargill
Vermilion
February 44 7.83 287.67 6.60 281.07
Cargill
Vermilion
55. Outlook
•Canada is going into the new crop year with 41.5%
carryover of the market demand already in the bins
•This plus what will be produced next year will result
a large supply
•It is not likely prices will increase in Canada, but it
depends on what happens with other countries
wheat supplies
66. Outlook
•Large projected increase in flax acres
•The EU is re-emerging as a major buyer
•Suspected that flax production will be down in the
Black Sea region
http://www.producer.com/2014/01/flax-price-rebound-coming-analyst/
69. Duties
Manager
•Weekly meetings
•Over see that all tasks are completed
•Ensure presentations are completed
Team
•Keep track of expenses and income
–QuickBooks
–Cost and Returns
•Create a projected budget
•Filing all SMF files
74. Cost to Break Even Prices
Crop Cost per Acre Break Even
(per bushel)
Actual (per
bushel)
Peas $339.70 $5.02 $7.92
HRS Wheat $391.13 $5.06 $7.15
SW Wheat $324.05 $3.50 $4.94
Flax $238.31 $5.62 $13.21
Canola $334.35 $6.22 $10.42
Barley $323.51 $3.64 $3.25
Silage $302.69 $0.01(per
pound)
$0.02(per
pound)
75. Actual Income
Sold Commodities
Barley $9,702.55
Peas $60,455.20
HRS Wheat $129,439.94
Canola $114,750.00
SW Wheat $43,351.70
Flax $34,935.60
Silage $90,000.00
Straw Bales $5,390.00
Total $488,024.99
Net Income
Total Income $488,024.99
Total Expenses $323,038.39
$164,986.60
76. Budgets
Actual Spent in 2013-
2014
Projected for 2014-
2015
Finance $500.00 $500.00
Public Relations $5,637.69 $5,700.00
Production $258,017.59 $233,180.00
Operations $56,519.90 $59,500.00
Marketing $1,131.32 $1,300.00
Research *working off of research grant from NSERC
Kassidy Geiger
81. Duties
Manager
• Run weekly meetings
• Assign crop to each member
• Ensure weekly tasks are completed
Team
• Field Scouting in the fall
• Organize soil testing
• Make a crop rotation
• Make production sheets
• Secure all inputs
82. Field Considerations
•Manure Application:
–South half of LC4/5 with dairy lagoon
–LC14 and LC11 with beef manure
•Remove fence running north/south between Allied
and LC12
•Disc and cultivate sloughs in Allied
•Plan to heavy harrow
83. Fall Tillage
•Used a vertical tillage unit (Salford) to help with
residue management on half of LC17 and LC18
−LC17 pea stubble (chaff rows)
−LC18 barley silage residue
85. Post-Harvest Spray
•LC17 (pea stubble), LC18 and LC12 (both
silage barley stubble) were sprayed with
1L/acre of Roundup to control perennial
weeds, mostly Canada Thistle.
118. New Team this year
•College’s mandate was changed to include applied
research
•Funded from NSERC for 5 years for a program of
research in agriculture (livestock/crops)
•Requirement to include students – SMF was the
ideal structure
119. Duties and Responsibilities
•Planning and preparation of plots for SMF land
•Assist with logistical planning of plots and data
collection
•Maintain records of plans and history
120. Activities this year
•Planning trials for summer 2014
•Met industry companies interested in cooperating
in crop research with SMF
•Hosted a research steering committee meeting to
plan our field trials in peas
•Creating a logistical plan for plots
•Field Day
121. Industry Trials in 2014
•Cargill
–2400 small plot variety trials
•Syngenta
–Non-replicated strip trials
–6 wheat varieties
•Pulse Growers
–20 acres Fababeans
•Brett Young and Dekalb
–5 acres soybeans
126. Duties
Manager
• Report at weekly meetings
• Organize presentations
• Delegate tasks for each week
• Promotional items
Team
• Capture and record visual records
• Make connections with the media
• Keep crop board updated
127. Activities
Adam McMillan
•Prepared PowerPoint presentations
•Create feature videos at presentations
Austin Kemp
–Social media
•Created twitter account
—@LC_SMF_Crops
–Social interactions
–Kept assured deadline for presentations