Starting my farming career again

[malleefarmer]

apologies if you are not interested trying to get off politics and people.

Above is 2t ha budget ps i like to hope for 2.4t ha up to 3. And yes i realize these yields are pathetic in your eyes but land is worth $400 to 800 per acre higher value l;and would maybe average 3t

But budgeting always go lower.

Currently i can get $210 on farm for harvest dec 18 feed barley.

Can put up my wheat and canola if you wish but probably boring you shitless how i do things here in poverty corner.

May be confusing no freight on farm price and hopefully you understand the inputs

And i do not expect you guys to do the same if you want thats fine

[malleefarmer]

Curious, whats your pounds per horsepower needs?

not quite sure about question were in easy pulling country above tractor will pull 60ft seeder with 14000 lt cart

[malleefarmer]

can do sheep as well sheepwheat

[malleefarmer]

And before you pick holes in it made a couple of errors.

Avadex should be added at 2l per ha.
And a spike of possibly lontrel with mcpa.

And made a mistake with soa sulphate of ammonia zero

Will redo spreadsheet for ya some time make sure no bo boobs on wheat and canola spreadsheet

[malleefarmer]

As you can see frost comes along and lowers it to 1.2 t ha not much joy not even on sensitivity table.

Be interested if you guys view the figures and farming here as high risk.

Not a huge amount of fat for machinery repayments etc.

But but last 3 yrs yields have been 2.8t 3.4t and 2.3t ha so bit of a snap shot there

[Bowerpower]

Just having a quick glance I’d say you are in an area where land prices still make sense. Low cost low inputs low risk. Avg 2.5t at 200. Gross of 500. Close to profit of 200-250 hectare??? Land can be paid for in 10 years by itself.
No chance of that where I am. Land over 4000 per acre. Gross 5/600 per acre if it doesn’t drown..... Net 200 if it doesn’t drown out..... lucky to have land paid for in 30 years with interest rates where they are at.

[Guest]

You have to pay gst on farm euip ?
Do you get it back ?
Is it 10% gst ? Any other sales tax ?
We have 5% fed gst and 6 % sask pst but a lot of farm stuff exempt or get it back (gst)

[farmaholic]

It's interesting how everyone's profitability level is different. Our two highest expenses lately have been salaries(which can be easily adjusted, meaning I work for less money....I wonder how many operators/managers would take less pay from the arms-length company they work for if margins are tight?...because of issues beyond their control!) The other one is asset depreciation which is a bit of a phoney number....that number is quite real in the first 2-3 years after the purchase of a "new" piece of equipment, but if it's sold or traded later.....alot of times there's a net increase to the asset class it came out of based on the amount of depreciation expense used against it.

[GDR]

Interesting to see your projection numbers. Things that caught my eye are MAP (around 550/t) quite a bit cheaper than ours. Fertility rates are super low, does it not pay to increase rates or you just limited by water? If you go with those rates why do you spread the application? Spread the risk I Assume incase crop expectations decrease?

If I wasn't so lazy I should do projections too, I would add interest, cost of land even if owned, crop insurance and repairs.

Are those machinery/acre costs going custom rates or just what you figure your costs are? They look like they'd pay our fuel but that's about it. Custom combiners around here are $45 plus per acre seeding around $20 and spraying around $8. (or $111/ $49 / $19 on a per hectare basis) Sounds high but you gotta cover a pile of acres to make it pay custom farming.

Incase anyone wondering looks like CAD and AUD are pretty much equal these days.

Thanks for the info.

[malleefarmer]

Thanks for the pick up gdr.
Dap its now $610 was done a while back.
Wage component is factored to a degree.

Rates taxes electricity car payments phone,machinery repayments, allsorts has be paid out of surplus so maybe not quite as rosy.

Dap may be increased to 60kg yet.

Urea always spread once crop is up and away 3 leaf stage onwards.

If year is shit and crop struggling may not be applied.
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