Farmanco Facts – August 2020
Chris Robinson, Agronomist writes this month’s Editorial. Chris is based at Kojonup and consults to clients throughout the Western Australian great southern high rainfall zone.
Keith Symondson introduces us to Aglytica, a spin off company that deals with our Profit Series via the Profit Analyser Platform. It allows non-client businesses both Australian and internationally to add their farm business data into our benchmarking product.
Keith says, “it’s early days for the new company and at the moment we are working through business plans and branding, at the same time as looking into more opportunities to increase the number of datasets and ways to improve the analysis of the data, so we can give more value back to the businesses who contribute their data.”
Greg Easton talks through the 2020 Profit Series, Farmanco’s benchmarking product that has been benchmarking our client data for over 21 years.
In part, Greg says “… long term “Return on Assets” demonstrates that the average farm business has been generating an average return above 5%, making the investment in farming competitive with many other investment opportunities.”
Key points of other articles in Farmanco Facts August, include:
Drought loans that you would be crazy not to apply for, by Ben Curtis
|This loan could save you almost $600,000 over 10 years||Applicant success rate is high||Five hours completing the application process might provide you with the highest return for effort that you will ever get paid|
Diamondback Moth 2020, by Peter Borstel
|Diamondback Moth flights have occurred in canola growing areas||Monitor for early build up before flowering||Check thresholds for increasing numbers and grub sizes|
|Use a control method suited to your situation||Be aware of synthetic pyrethroid insecticide resistance|
Precision Preparation – collecting improved data today, to apply Precision tomorrow, by Blake O’Meagher
|Why implementing steps now towards Precision Ag applications can help boost returns when we take that step to Variable Rate (VR) on farm||Yield maps are yielding more tangible data||Building soil maps from existing and easily accessible data sources|
Omethoate (Le Mat) and ISCC Accreditation, by Mae Connelly
|The EU certified sustainable canola market is a large and premium-paying market that can take over 90% of Australian canola exports||The International Sustainability and Carbon Certification Scheme (ISCC) are moving Omethoate to the Prohibited Chemical list from 1st January 2023||When selling ISCC canola to CBH for 2020/21, you must declare on your ISCC form that you will phase out Omethoate by the 2023 deadline|
|It is unclear if you can continue to use Omethoate in 2021 and 2022||It is also yet to be announced how all the of the other buyers (who use the NGR ISCC program) will deal with the issue|
Water supply options, by Greg Easton
|Scheme water is currently $2.65/kilolitre plus annual fees||Dam storage ranges from $0.49¢ to $1.00/ kilolitre||Bore water will cost from $0.12¢ to $0.94¢/ kilolitre|
|Big dams and high flow bores are the most cost-effective sources of stock water||Covering dams can reduce evaporation by up to 90%||Tank storage gives greater flexibility and better quality at around $2.00/kilolitre|
|Carting water ranges from $2.56 to $8.35/ kilolitre so is costly and can be logistically challenging||Desalination will result in similar water costs to scheme but requires careful planning|
Every Farmanco Facts edition includes: WA Wool & Livestock Market Report and NSW / VIC Wool & Livestock Market Report
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