Farmanco Facts August 2019
We hope you enjoyed the August edition of Farmanco Facts. If you have signed up for a package and don’t think you’re receiving a monthly newsletter, please contact Mundaring on (08) 295 0940 and ask the helpful office ladies to check for you.You can subscribe to Farmanco Facts only, to one of our packages that could include the Profit Series (benchmarking) and/or our annual Pestbook. All products are available printed and/or electronically, via the Farmanco App.
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Greg Easton, celebrated 10 years with Farmanco in 2019 and he has written the Editorial for August. Before introducing this month’s articles, Greg touches on the new world of regulation and reporting, and in part says
I believe that we as an industry are far more safety conscious than we were in the eighties and therefore rather than resist the regulation and reporting, look at it as a chance to improve the process and productivity of your business. Applying critical thinking to the job of compliance can be used to incorporate a longer-term strategic plan.
Farmanco contributors this month include Richard Brake, Peter Borstel and Ben Curtis. Listed below are key points of their articles.
The Profit Series 2019 – ‘one in forever’ for some, by Richard Brake, Farm Management Consultant
|The 2019 Profit Series saw a change from the traditional operating return on production assets (ORPA) to the return on assets managed (ROAM) which accounts for the capital value of leases and sharefarming land||In 2018 the five-year average ROAM reduced to 6.15% with the good 2013 season dropping off|
|The ROAM result for 2018 increased significantly to 10.56%||Operating profit per effective hectare, for the average business was $136/wgha for the sheep enterprise and $262/crop hectare for the crop enterprise|
|Average fertiliser spend in 2018 was $36/cropped ha/100mm effective rainfall, the top 25% spent $33/cropped ha/100mm effective rainfall||Average chemical spend in 2018 was $26/cropped ha/100mm effective rainfall, the top 25% spent $27/ha|
Beneficial Insects worth Protecting, by Peter Borstel, Agronomist
|Beneficial insects slow the development of insect damage to crops||Insecticides can be damaging to beneficial insect populations|
|Developing an Integrated Management Program (IMP) is important to reduce the impact of insect damage||Identifying beneficial insects is the first stage in developing an IMP|
Pulse Storage Options & Marketing, by Ben Curtis, Farm Management Consultant
|Storing grain on farm can be cost effective||Before building purpose-built storage, be confident that pulses will remain a reliable part of your rotations|
|Develop a sound strategy for selling pulses so you can take advantage of price changes when they occur|
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