COTTON (Roundup Ready Flex® Bollgard II® - Single Skip)

COTTON (Roundup Ready Flex® Bollgard II® - Single Skip) Farm Enterprise Budget Series - North-East NSWSummer 2012-2013

Sample Your1.GROSS MARGIN BUDGET: Budget Budget

INCOME: $/ha $/ha

Lint - 4.00 bales/ha at $380 */bale (at gin).................................. $1,520.00Seed - 1.44 tonnes/ha at $190 /tonne (at gin).................................. $273.60* $20/bale reduction assumed due to quality reduction compared to irrigated cottonCrop prices were correct at the time of writing (Aug 2012), world market volatility makes estimation of future pricing impractical.

A. TOTAL INCOME $/ha: $1,793.60

VARIABLE COSTS:see following page(s) for details Bollgard II® Your budget

Cultivation..................................................................................... $18.64Sowing........................................................................................... $61.85Crop insurance.............................................................................. $35.16Fertiliser & application................................................................. $120.15Herbicide & application................................................................ $96.47Insecticide & application............................................................... $37.59Contract harvesting........................................................................ $335.19Cartage to gin................................................................................ $67.62Ginning charges............................................................................. $240.00CA and Research Levy............................................................... $18.00Licence fees…………………………………..……………... $244.20Other (e.g. consultant)................................................................... $35.00Unsprayed cotton refuge crop, 10% of RR Bollgard II area……… $34.52

B. TOTAL VARIABLE COSTS $/ha: 1,344.38

C. GROSS MARGIN (A-B) $/ha: $449.22

SENSITIVITY TABLES2. EFFECT OF YIELD AND PRICE ON GROSS MARGIN PER HECTARE:

Lint Seed $320 /bale $350 /bale $380 /bale $410 /bale $440 /bale Lint pricebales/ha t/ha $150 /t $170 /t $190 /t $200 /t $210 /t Seed price

2.00 0.72 -$425 -$351 -$277 -$209 -$1423.00 1.08 -$137 -$25 $86 $187 $288 Gross4.00 1.44 $152 $300 $449 $584 $718 Margin4.00 1.44 $152 $300 $449 $584 $718 ($/ha)4.50 1.62 $296 $463 $631 $782 $9335.00 1.80 $440 $626 $812 $980 $1,148

This budget should be used as a GUIDE ONLY and should be changed by the grower to take account of movements in crop and input prices, changes in seasonal conditions and individual farm characteristics. Estimated prices are GST exclusive.

COTTON (Roundup Ready Flex® Bollgard II® - Single Skip) Farm Enterprise Budget Series - North-East NSW Summer 2012-2013CALENDAR OF OPERATIONS: Machinery Inputs Total

Cost Total Band Cost Total CostOperation Month hrs /ha $/hour $/ha Rate/ha Width $ $/ha $/haHerbicide - ground spray, 450 g/L glyphosate Jul 0.03 56.38 1.69 1.0 L 100% 4.50 4.50 6.19Wetter - non-ionic surfactant Jul with above 0.2 L 100% 6.72 1.34 1.34Herbicide - trifluralin (480 g/L) Aug 0.03 56.38 1.69 2.8 L 100% 6.02 16.86 18.55Plus Incorporation Aug 0.15 62.13 9.32 100% 9.32Urea incorporation Aug 0.17 61.88 10.52 87 kg 100% 0.68 59.13 69.65Fertiliser - MAP plus potassium blend Aug with above 50 Kg 100% 1.01 50.50 50.50Crop insurance Oct Premium depends on various factors 35.16Planting - precision planter Oct 0.14 64.62 9.05 100% 9.05Planting- seed Roundup Ready Flex® Bollgard II® Oct with above 10 kg 66% 8.00 52.80 52.80Herbicide - Roundup Ready® Nov 0.03 56.38 1.69 1.2 kg 100% 8.00 9.60 11.29Cultivation - interrow Nov 0.15 62.13 9.32 100% 9.32Insecticide - fipronil (200 g/L) Nov 0.03 56.38 1.69 0.06 L 66% 349.35 14.53 16.22Herbicide - Roundup Ready® Dec 0.03 56.38 1.69 1.2 kg 100% 8.00 9.60 11.29Herbicide - shielded sprayer Jan 0.09 65.13 5.86 5.86Herbicide - Roundup Ready® Jan with above 1.0 kg 100% 8.00 8.00 8.00Insecticide - fipronil (200 g/L) Jan 0.03 56.38 1.69 0.06 L 66% 349.35 14.53 16.22Insecticide - dimethoate (400 g/L) Feb 0.03 56.38 1.69 0.5 L 66% 10.49 3.46 5.15Bollgard II stacked with Roundup Ready Flex® Licence fee * Feb 66% 370.00 244.20Defoliant - thidiazuron (500 g/L) Mar 0.03 56.38 1.69 0.10 L 66% 58.25 3.84 5.54Defoliant - crop oil Mar with above 2.0 L 66% 3.91 5.16 5.16Defoliant - ethepon (720 g/L) Mar with above 1.5 L 66% 9.33 9.24 9.24Defoliant - ethepon (720 g/L) Mar 0.03 56.38 1.69 2.0 L 66% 9.33 12.32 14.01Contract picking May contract $319/hectare 319.00Contract lifting May contract $85.00 /load @ 21 bales per load 16.19Contract cartage to gin May contract $355 /load @ 50km from gin 67.62Ginning charges May contract $60.00 /bale 240.00Levies May contract $4.50 /bale 18.00Consultant May contract 35.00Refuge crop - unsprayed Roundup Ready Flex® cotton @ 10% 34.52

TOTAL COSTS: 1,344

LABOUR REQUIREMENTS: - labour is not costed in this budget. If labour costs $21.70 /hr, totallabour cost would be $22.24, reducing the gross margin to $427 /ha.

MACHINERY ASSUMPTIONS:Tractor: 170 KW PTO (230 HP) and 200 KW engine (265 HP)Machinery costs refer to variable costs of: fuel, oil, filters, tyres, batteries and repairs.You may need to add overhead costs as well, please refer to the Tractor and Implement Costs Guide

NOTES: MANAGEMENT:- Each grower is required to grow a refuge crop as part of preventative resistance management. Since the refuge crop is an integrated part of growing Bollgard II® cotton, refuge crop costs have been included as part of the gross margin budget. For the purposes of this example, we have used unsprayed (i.e. no insecticides) Roundup Ready Flex® cotton at 10% of the Bollgard II® area. Please refer to the Monsanto Bollgard II® Resistance Management Plan for more information on refuge crops and minimum requirements.For more detailed information, see the Cotton CRC "Cotton Pest Management Guide 2012-13" at www.cottoncrc.org.au

SEED: Seed costs per kg will vary with the time of ordering and the seed treatment chosen.HERBICIDES: Fallow herbicides have been substituted for cultivation during the winter to avoid soil compaction. To reduce the likelihood of

herbicide resistance, rotate herbicide groups and weed management techniques.Use of a particular formulation does NOT imply recommendation of that formulation by NSW DPI.Always read chemical labels and follow directions, as it is your legal responsibility to do so.

LICENCE FEES: * This example uses Monsanto Cotton ChoicesTM Option 1 which provides a discount on the technology licence fees for 2012-13. However you should choose the option which best suits your operation , http://www.cottonchoices.com.au

DEFOLIANT: Good conditions are required to get the best performance. The choice of defoliant and rate used depends on the moisture status of the plant and seasonal conditions.


Farm Enterprise Budget Series - North-East NSW

COTTON (Roundup Ready Flex® - Refuge for Bollgard II®)Farm Enterprise Budget Series - North East NSWSummer 2012-2013

GROSS MARGIN BUDGET: Sample YourBudget Budget

INCOME: $/ha $/haLint: 0.00 bales/ha at /bale (at gin)...................... $0.00Seed: 0.0 tonnes/ha at /tonne (at gin)................... $0.00

A. TOTAL INCOME $/ha: $0.00

VARIABLE COSTS:see Calendar of Operations below for detailsCultivation...................................................................... $43.42Sowing............................................................................ $61.85Crop insurance................................................................ $0.00Fertiliser & application................................................... $69.65Herbicide & application................................................. $120.78Licence fees…………………………………………… $49.50

B. TOTAL VARIABLE COSTS $/ha: $345.20

C. GROSS MARGIN (A-B) $/ha: ($345.20)

CALENDAR OF OPERATIONS: Machinery Inputs TotalCost Total Band Cost Total Cost

Operation Month hrs /ha $/hour $/ha Rate/ha Width $ $/ha $/haHerbicide - ground spray, 450 g/L glyp Jul 0.03 56.38 1.69 1.0 L 100% 4.50 4.50 6.19Wetter - non-ionic surfactant Jul with above 0.2 L 100% 6.72 1.34 1.34Herbicide - trifluralin (480 g/L) Aug 0.03 56.38 1.69 2.8 L 100% 6.02 16.86 18.55Plus Incorporation Aug 0.15 62.13 9.32 100% 9.32Urea incorporation Aug 0.17 61.88 10.52 87 kg 66% 0.68 59.13 69.65Cultivation - scarifier Sep 0.17 61.88 10.52 10.52Herbicide - trifluralin (480 g/L) Sep with above 3.2 L 100% 6.02 19.26 19.26Planting - precision planter Oct 0.14 64.62 9.05 9.05Planting - seed Oct with above 10 kg 66% 8.00 52.80 52.80Herbicide - fluometuron+prometryn (440 & 400 g/L) Oct with above 3.5 L 100% 18.18 63.63 63.63Cultivation - inter-row Nov 0.15 62.13 9.32 9.32Herbicide - shielded sprayer Dec 0.09 65.13 5.86 5.86Herbicide - glyphosate (450 g/L) Dec with above 2.0 L 66% 4.50 5.94 5.94Roundup Ready Flex® Licence fee * Dec 66% 75.00 49.50Slashing Apr 0.20 71.33 14.27 14.27

TOTAL COSTS $/HA: 345TOTAL COSTS for 10% hectare: 34.52

AGRONOMIC NOTES:

MANAGEMENT:- Each grower is required to grow a refuge crop as part of the Resistance Management Plan for the Roundup Ready Flex® Bollgard II® cotton varieties.

* This examples uses Monsanto Cotton ChoicesTM Option 1 which provides a discount on the technology licence fees for 2012-13. However you should choose the option which best suits your farming operation.For the purposes of this example, we have used unsprayed (i.e. no insecticides) conventional cotton at 10% of the Roundup Ready Flex® Bollgard II® area.Please refer to the Monsanto Bollgard II® Resistance Management Plan for more information on refuge crops and minimum requirements.

This budget should be used as a GUIDE ONLY and should be changed by the grower to take account of movements in crop and input prices, changes in seasonal conditions and individual farm characteristics. Estimated prices are GST-exclusive.

DRYLAND COWPEAS (Caloona) (No-till)Farm Enterprise Budget Series - North-East NSWSummer 2012-2013

1.GROSS MARGIN BUDGET: Sample YourBudget Budget

INCOME: $/ha $/haYield 1.00 tonnes/ha

0.85 tonnes/ha at $760.00 /tonne (clean seed, ex-store)...................... $646.000.15 tonnes/ha at $150.00 /tonne (gradings)....................................... $22.50

A grading percentage of 15% is assumed, but it will vary according to crop and harvest conditions.Crop prices were correct at the time of writing (Aug 2012), world market volatility makes estimation of future pricing impractical.


VARIABLE COSTS:see following page(s) for details

Sowing........................................................................... $33.97Fertiliser & application................................................... $45.60Herbicide & application................................................. $112.03Insecticide & application................................................ $25.93harvesting....................................................................... $76.24Levies and insurance...................................................... $35.83Cartage, grading & bagging............................................ $90.00



2. EFFECT OF YIELD AND PRICE ON GROSS MARGIN PER HECTARE:SENSITIVITY TABLE

YIELD t/ha Graded & Bagged Pricegradings $120 /t $135 /t $150 /t $160 /t $170 /t

clean seed $560 /t $660 /t $760 /t $810 /t $860 /t0.08 0.43 -$123 -$80 -$37 -$15 $70.11 0.60 -$44 $17 $77 $108 $138 Gross0.13 0.72 $16 $90 $163 $200 $237 Margin0.15 0.85 $76 $163 $249 $292 $336 ($/ha)0.19 1.06 $176 $284 $392 $446 $5010.23 1.28 $276 $405 $535 $600 $6650.26 1.45 $355 $502 $649 $723 $7970.29 1.62 $435 $599 $763 $846 $929

This budget should be used as a GUIDE ONLY and should be changed by the grower to take account of movements in crop and input prices, changes in seasonal conditions and individual farm characteristics. Estimated prices are GST

exclusive.

DRYLAND COWPEAS (Caloona) (No-till)Farm Enterprise Budget Series - North-East NSWSummer 2012-2013CALENDAR OF OPERATIONS: Machinery Inputs Total

Cost Total Cost Total CostOperation Month hrs /ha $/hour $/ha Rate/ha $ $/ha $/haHerbicide - ground spray, 450 g/L g Jan 0.05 51.87 2.59 1.6 L 4.50 7.20 9.79Wetter - non-ionic surfactant Jan with above 0.2 L 6.72 1.34 1.34Herbicide - paraquat + diquat Jan 0.05 51.87 2.59 2.0 L 9.93 19.86 22.45Herbicide - ground spray, 450 g/L g Mar 0.05 51.87 2.59 1.2 L 4.50 5.40 7.99Wetter - non-ionic surfactant Mar with above 0.2 L 6.72 1.34 1.34Herbicide - paraquat May 0.05 51.87 2.59 1.5 L 5.96 8.94 11.53Herbicide - ground spray, 450 g/L g Sep 0.05 51.87 2.59 1.2 L 4.50 5.40 7.99Wetter - non-ionic surfactant Sep with above 0.2 L 6.72 1.34 1.34Herbicide - ground spray, 450 g/L g Nov 0.05 51.87 2.59 1.6 L 4.50 7.20 9.79Wetter - non-ionic surfactant Nov with above 0.2 L 6.72 1.34 1.34Herbicide - paraquat + diquat Nov 0.05 51.87 2.59 2.0 L 9.93 19.86 22.45Sowing: Seed + inoculum Nov 0.20 67.87 13.57 12 kg 1.70 20.40 33.97Fertiliser - Single super Nov with above 80 kg 0.57 45.60 45.60Herbicide - haloxyfop-R 520 g/L Jan 0.05 51.87 2.59 0.15 L 57.07 8.56 11.15Uptake oil Jan with above 0.50 L 6.97 3.49 3.49Crop insurance ** Jan 4.34% 29.01Insecticide - methomyl 225 g/L Mar 0.05 51.87 2.59 1.5 L 15.56 23.34 25.93harvest Mar contract 76.24 per ha incl fuel 76.24Grains Research Levy 1.0% of farm gate value 6.82Grading & bagging May contract $90 /t 90.00

AGRONOMIC NOTES:

Use of a particular brand name does NOT imply recommendation of that brand by NSW DPI. Always read chemical labels and follow directions, as it is your legal responsibility to do so.harvest: harvest management is crucial to ensure a high quality, high proportion clean seed yield. Grading losses may vary substantially and depend upon harvesting management.LABOUR REQUIREMENTS: - labour is not costed in this budget. If labour costs $21.70 /hr, total

labour cost would be $16.28, reducing the gross margin to $233 /ha.MACHINERY ASSUMPTIONS:Tractor: 130-140 KW PTO (173-180 HP)Machinery costs refer to variable costs of: fuel, oil, filters, tyres, batteries and repairs.You may need to add overhead costs as well, please refer to the Tractor and Implement Costs Guide

Insects: Closely monitor crops for thrips, mirids (particularly at budding and flowering), heliothis and green vegetable bug.Weeds: To reduce the likelihood of herbicide resistance, rotate herbicide groups and weed management techniques. Ensure weed escapes are controlled before they can set seed.Sowing: Can be sown by direct drill into cereal stubble. Banjo (black-eye) cowpeas should only be grown under very favourable dryland conditions, they are a larger seed than Caloona so seed rate 25-40 kg/ha. Seed price used includes inoculant, ensure cowpeas are well inoculated to ensure nitrogen fixation.Fertiliser: Fertiliser requirements should be based on paddock records and soil tests.Soil: Best suited to sandy and loam soils.Price: Accurate price prediction is difficult as price can vary greatly with supply and demand.The price indicated is delivered ex-store on a clean seed basis (i.e. you will need to add cartage).Price will vary with the variety grown and grade achieved.Insurance: ** Varies with local government area and postcode, check with your insurer.For further information, refer to the NSW DPI Agfact "Cowpea, lab lab and pigeon pea" P4.2.21


exclusive.

DRYLAND MAIZE (No-till, feed)Farm Enterprise Budget Series - North-East NSWSummer 2012-20131.GROSS MARGIN BUDGET: Sample Your

Budget BudgetINCOME: $/ha $/ha

3.75 tonnes/ha at $240.00 /tonne (on farm)............... $900.005.5 t/ha is achievable on the Liverpool Plains, but an average range of 3-4 t/ha is more likely. Yields in other areasare on average 2.5-3.5 t/ha. Cartage costs vary, so have not been included. The on-farm price used is after cartage.Crop prices were correct at the time of writing (Aug 2012), world market volatility makes estimation of future pricing impractical.



Sowing.................................................................................. $174.37Fertiliser & application......................................................... $176.17Herbicide & application....................................................... $109.69Insecticide & application...................................................... $0.00harvesting.............................................................................. $78.74Levies and insurance............................................................ $44.37



2. EFFECT OF YIELD AND PRICE ON GROSS MARGIN PER HECTARE:

SENSITIVITY TABLE

YIELD On Farm Pricetonnes/ha $200 /t $220 /t $240 /t $270 /t $320 /t $370 /t

1.75 -$217 -$182 -$147 -$95 -$8 $1452.25 -$118 -$73 -$28 $39 $150 $3282.75 -$21 $34 $88 $170 $307 $5123.25 $73 $138 $203 $299 $461 $6963.75 $168 $242 $317 $428 $614 $8794.10 $234 $315 $397 $519 $722 $1,0084.45 $300 $388 $476 $609 $830 $1,1374.80 $366 $461 $556 $699 $938 $1,2655.15 $432 $534 $636 $790 $1,045 $1,3945.50 $498 $607 $716 $880 $1,153 $1,522


DRYLAND MAIZE (No-till, feed)Farm Enterprise Budget Series - North-East NSWSummer 2012-2013CALENDAR OF OPERATIONS: Machinery Inputs Total

Cost Total Cost Total CostOperation Month hrs /ha $/hour $/ha Rate/ha $ $/ha $/haHerbicide - ground spray, 450 g/L glyphosate Jan 0.05 51.87 2.59 1.6 L 4.50 7.20 9.79Wetter - non-ionic surfactant Jan with above 0.2 L 6.72 1.34 1.34Herbicide - paraquat + diquat Jan 0.05 51.87 2.59 2.0 L 9.93 19.86 22.45Herbicide - ground spray, 450 g/L glyphosate Apr 0.05 51.87 2.59 1.2 L 4.50 5.40 7.99Wetter - non-ionic surfactant Apr with above 0.2 L 6.72 1.34 1.34Herbicide - paraquat 250 g/L Jul 0.05 51.87 2.59 1.2 L 5.96 7.15 9.75Fertiliser - anhydrous ammonia Aug 0.20 67.87 13.57 118 kg 0.90 106.20 119.77Herbicide - ground spray, 450 g/L glyphosate Sep 0.05 51.87 2.59 1.2 L 4.50 5.40 7.99Wetter - non-ionic surfactant Sep with above 0.2 L 6.72 1.34 1.34Sowing - thiamethoxam treated seed Sep 0.20 67.87 13.57 12.0 kg 13.40 160.80 174.37Fertiliser-* Granulock SuPreme Z Sep with above 60 kg 0.94 56.40 56.40Herbicide - ground spray PSPE Sep 0.05 51.87 2.59 2.59Herbicide - s-metolachlor + atrazine Sep with above 3.2 L 14.09 45.09 45.09Crop insurance ** Jan 4.21% 37.89harvest # Apr contract 78.74 per ha incl fuel 78.74Grains Research Levy 0.72% of farm gate value 6.48

AGRONOMIC NOTES:

Use of a particular brand name does NOT imply recommendation of that brand by NSW DPI. Always read chemical labels and follow directions, as it is your legal responsibility to do so.


MACHINERY ASSUMPTIONS:Tractor: 130-140 KW PTO (173-180 HP)Machinery costs refer to variable costs of: fuel, oil, filters, tyres, batteries and repairs.Note: harvest requires a corn front. You may need to add overhead costs as well, please refer to the Tractor and Implement Costs Guide

Sowing: Maize can be sown when soil temperatures at 10 cm reach 12oC at 9am (EDST) and on a rising plane, and when the risk of frost is over. Dryland maize should only be grown in the most favourable slopes areas or where higher than average district sorghum yields are consistently achieved. Seed price is assumed to include pre-treatment with insecticide.Weeds: To reduce the likelihood of herbicide resistance, rotate herbicide groups and weed management techniques.Fertiliser: Fertiliser requirements should be based on paddock records and soil tests. * Maize is sensitive to zinc deficiency. Insurance: ** Varies with Local Government Area and postcode, check with your insurer.# Harvest costs based on $60/ha for a crop up to 2.5 t/ha with estimated increment of $1.00 per extra 100 kg/ha above 2.5 t/ha.For further information refer to the NSW Department of Primary Industries "Summer Crop Production Guide 2012-13".


DRYLAND MUNGBEANS (No-till, Double-crop)Farm Enterprise Budget Series - North-East NSWSummer 2012-2013


INCOME: $/ha $/haYield 1.20 tonnes/ha

1.06 tonnes/ha at $850.00 /tonne (clean seed, processing grade)........ $897.600.14 tonnes/ha at $160.00 /tonne (gradings)....................................... $23.04

Crop prices were correct at the time of writing (Aug 2012), world market volatility makes estimation of future pricing impractical.A grading percentage of 12% is assumed, but it will vary according to crop and harvest conditions.



Sowing........................................................................... $66.07Fertiliser & application................................................... $50.50Herbicide & application................................................. $40.87Insecticide & application................................................ $35.86harvesting....................................................................... $76.24Levies and insurance...................................................... $49.35Grading & bagging..................................................…… $108.00



2. EFFECT OF YIELD AND PRICE ON GROSS MARGIN PER HECTARE:SENSITIVITY TABLE

YIELD t/ha Pricegradings $140 /t $150 /t $160 /t $170 /t $180 /t $190 /t

clean seed $750 /t $800 /t $850 /t $900 /t $950 /t $1,000 /t0.08 0.62 $96 $128 $159 $190 $222 $2530.11 0.79 $212 $253 $293 $333 $373 $4140.13 0.92 $299 $346 $393 $440 $487 $5340.14 1.06 $386 $440 $494 $547 $601 $6550.17 1.23 $502 $565 $628 $690 $753 $8160.19 1.41 $618 $690 $762 $833 $905 $9760.20 1.50 $676 $752 $828 $904 $981 $1,057

This budget should be used as a GUIDE ONLY and should be changed by the grower to take account of movements in crop and input prices, changes in seasonal conditions and individual farm characteristics. Estimated

prices are GST exclusive.

DRYLAND MUNGBEANS (No-till, Double-crop)Farm Enterprise Budget Series - North-East NSWSummer 2012-2013

CALENDAR OF OPERATIONS: Machinery Inputs TotalCost Total Cost Total Cost

Operation Month hrs /ha $/hour $/ha Rate/ha $ $/ha $/haharvest winter cereal crop NovHerbicide - ground spray, 450 g/L gl Nov 0.05 51.87 2.59 1.6 L 4.50 7.20 9.79Wetter - non-ionic surfactant with above 0.2 L 6.72 1.34 1.34Sowing: Seed + inoculum Dec 0.20 67.87 13.57 25 kg 2.10 52.50 66.07Fertiliser - Granulock SuPreme Z Dec with above 50 kg 1.01 50.50 50.50Herbicide - haloxyfop-R 520 g/L Jan 0.05 51.87 2.59 0.15 L 57.07 8.56 11.15Uptake oil Jan with above 0.50 L 6.97 3.49 3.49Crop insurance ** Jan 4.34% 39.96Insecticide - indoxacarb Jan 0.05 51.87 2.59 0.4 L 69.15 27.66 30.25Insecticide - alpha cypermethrin 100 Feb 0.05 51.87 2.59 0.4 L 7.54 3.02 5.61Desiccant- Roundup AttackTM 570 g Mar 0.05 51.87 2.59 1.6 L 7.81 12.50 15.09harvest Mar contract 76.24 per ha incl fuel 76.24Grains Research Levy 1.02% of farm gate value 9.39Grading & bagging May contract $90 /t 108.00

AGRONOMIC NOTES:

Always read chemical labels and follow directions, as it is your legal responsibility to do so.Use of a particular brand name does NOT imply recommendation of that brand by NSW DPI.

PRICE: - The price given is for processing grade mungbeans at the time of writing. Consult marketing sources for more up to date price information.LABOUR REQUIREMENTS: - labour is not costed in this budget. If labour costs $21.70 /hr, total


Mungbeans can be an ideal opportunity double crop following winter cereals. Soil moisture profiles must be replenished if satisfactory yields of high quality beans are to be produced. Best suited to loam and heavier soils. Weeds: Select a paddock free of broadleaf weeds. Good weed control is essential. To reduce the likelihood of herbicide resistance, rotate herbicide groups and weed management techniques. Ensure weed escapes are controlled before they can set seed.Pests: Closely monitor crops for thrips, mirids (from pre-budding and flowering), heliothis and green vegetable bug. Fertiliser: If applying phosphate fertiliser, use a fertiliser that contains good levels of sulfur as well, e.g. single superphosphate. Fertiliser requirements should be based on paddock records and soil tests.Desiccation: Usually required to even up crop maturity across a paddock and to prevent additional flowering.Harvest: Use air assist headers to reduce losses at harvest. Harvest costs based on $70/ha for a crop up to 2.5 t/ha. Communicate with your buyer throughout the season and have storage options available.Insurance: ** Varies with Local Government Area and postcode, check with your insurer.For further information, refer to the NSW DPI Agfact, "Mungbeans" P4.2.19 and the NSW DPI "Summer Crop Production Guide 2012-13", "Mungbean management guide 2011" http://www.daff.qld.gov.au/26_19754.htm and the Australian Mungbean Association http://www.mungbean.org.au/

This budget should be used as a GUIDE ONLY and should be changed by the grower to take account of movements in crop and input prices, changes in seasonal conditions and individual farm characteristics. Estimated

prices are GST exclusive.

PERENNIAL TROPICAL GRASS PASTURE Farm Enterprise Budget Series - Northern NSW Vertosols (black soils)Summer 2012-2013 1. ESTABLISHMENT - Prepared SeedbedVARIABLE COSTS: Sample Your Budget BudgetMachinery Operations $/ha $/haMonth Operation Tractor time Cost

(hrs/ha) ($/unit)July Chisel plough 0.22 56.32 $/hr $12.39September Scarify 0.17 54.07 $/hr $9.19

harrow 0.17 54.07 $/hr $9.19October Herbicide, pre-sowing 0.05 51.87 $/hr $2.59

Glyphosate 450g/L 1.2 L 4.50 /L $5.40Wetter with glyphosate 0.2 L 6.72 /L $1.34Sow 0.17 64.47 $/hr $10.96Single Super 150 kg/ha 0.42 /kg $63.00

Bare seed (coated seed will require a higher rate per ha)Bambatsi Panic 2.0 kg/ha @ $12.60 /kg $25.20Rhodes grass 1.0 kg/ha @ $10.10 /kg $10.10Purple Pigeon grass 1.0 kg/ha @ $12.50 /kg $12.50

B. Total Variable Costs $161.87

2. MAINTENANCE (every 2 years)VARIABLE COSTS: Sample Your Budget BudgetMachinery Operations $/ha $/haMonth OperationApril Topdress fertiliser contract spread @ $80/t $16.00

Fertiliser - Sulphate of Ammonia 200 kg/ha @ $0.28 /kg $56.00

Cost every 2 years $72.00B. Total Variable Costs $/ha/year $36.00

NOTES: Use of a particular brand name does NOT imply a recommendation of that brand by NSW DPI. Preparation: This budget does not allow for costs prior to pasture establishment, such as forage oats crops.

Fertiliser: Fertiliser requirements should be based on paddock records and soil tests. Nitrogen fertiliser may need to be used if there is no legume in the pasture being sown. Costs vary widely across the region, depending on the objective of the enterprise, sowing time or location. Different soils have different requirements in terms of fertiliser rates.

Pasture varieties: The varieties in the budget are an example only, check pasture variety recommendations for your rainfall zone and soil type.For detailed information please refer to other publications on pasture production, including "Pasture Production for Livestock" or the "Pasture Planner" on the NSW DPI website (www.dpi.nsw.gov.au/agriculture), which has extensive information on varieties and their suitability to each zone of NSW.

Suggested average planting establishment success rates:High rainfall zone (east of Moree/Newell Highway) 2 in 3 years Medium rainfall zone (west of Moree/Newell Highway) 2 in 3 years Low rainfall zone (Walgett) 1 in 4 years

Machinery - Tractor pto power: 57 KW PTO (76 HP) AND 63 KW ENGINE (86 HP) Machinery costs refer to variable costs of: fuel, oil, filters, tyres, batteries and repairs.

You may need to add overhead costs as well.


PERENNIAL TROPICAL GRASS PASTURE Farm Enterprise Budget Series - Northern NSW Chromosols (red soils)Summer 2012-20131. ESTABLISHMENT - Prepared SeedbedVARIABLE COSTS: Sample Your Budget BudgetMachinery Operations $/ha $/haMonth Operation Tractor time Cost

(hrs/ha) ($/unit)July Chisel plough 0.22 56.32 $/hr $12.39September Scarify 0.17 54.07 $/hr $9.19

harrow 0.17 54.07 $/hr $9.19October Herbicide, pre-sowing 0.05 51.87 $/hr $2.59

Glyphosate 450g/L 1.2 L 4.50 /L $5.40Wetter with glyphosate 0.2 L 6.72 /L $1.34Sow 0.17 64.47 $/hr $10.96SF25 150 kg/ha 0.50 /kg $75.00

Bare seed (coated seed will require a higher rate per ha)Premier Digit grass 2.0 kg/ha @ $17.99 /kg $35.98Rhodes grass 1.0 kg/ha @ $10.10 /kg $10.10

B. Total Variable Costs $172.15

2. MAINTENANCE (every 2 years)VARIABLE COSTS: Sample Your Budget BudgetMachinery Operations $/ha $/haMonth OperationApril Topdress fertiliser contract spread @ $80/t $10.00$0.00Fertiliser - Sulphate of Ammonia 125 kg/ha @ $0.28 /kg $35.00

Cost every 2 years $45.00B. Total Variable Costs $/ha/year $22.50

NOTES: Use of a particular brand name does NOT imply a recommendation of that brand by NSW DPI.Preparation: This budget does not allow for costs prior to pasture establishment, such as forage oats crops.

Fertiliser: Fertiliser requirements should be based on paddock records and soil tests. Nitrogen fertiliser may need to be used if there is no legume in the pasture being sown. Costs vary widely across the region, depending on the objective of the enterprise, sowing time or location. Different soils have different requirements in terms of fertiliser rates.

Pasture varieties: The varieties in the budget are an example only, check pasture variety recommendations for your rainfall zone and soil type.For detailed information please refer to other publications on pasture production, including "Pasture Production for Livestock" or the "Pasture Planner" on the NSW DPI website (www.dpi.nsw.gov.au/agriculture), which has extensive information on varieties and their suitability to each zone of NSW.

Suggested average planting establishment success rates:High rainfall zone (east of Moree/Newell Highway) 2 in 3 years Medium rainfall zone (west of Moree/Newell Highway) 2 in 3 years Low rainfall zone (Walgett) 1 in 4 years Machinery - Tractor pto power: 57 KW PTO (76 HP) AND 63 KW ENGINE (86 HP) Machinery costs refer to variable costs of: fuel, oil, filters, tyres, batteries and repairs. You may need to add overhead costs as well.


DRYLAND GRAIN SORGHUM (No-till)Farm Enterprise Budget Series - North-East NSWSummer 2012-2013


INCOME: $/ha $/ha4.50 tonnes/ha at $210.00 /tonne (on farm)............. $945.00

8 t/ha is achievable on the Liverpool Plains, but an average range of 4-5 t/ha is more likely. Yields in other areasare on average 3.5-4 t/ha. Cartage costs vary, so have not been included. The on-farm price used is after cartage.Crop prices were correct at the time of writing (Aug 2012), world market volatility makes estimation of future pricing impractical.



Sowing............................................................................ $45.76Fertiliser & application .................................................. $132.37Herbicide & application.................................................. $120.23Insecticide & application................................................ $34.12harvesting........................................................................ $86.24Levies and insurance...................................................... $49.42



SENSITIVITY TABLE

YIELD On Farm Pricetonnes/ha $170 /t $190 /t $210 /t $230 /t $250 /t $270 /t $290 /t

2.50 -$39 $11 $60 $110 $159 $209 $2583.00 $40 $100 $159 $219 $278 $337 $3974.00 $199 $278 $357 $436 $515 $595 $6744.50 $278 $367 $456 $545 $634 $723 $8125.00 $357 $456 $555 $654 $753 $852 $9516.00 $515 $634 $753 $871 $990 $1,109 $1,2287.00 $673 $812 $951 $1,089 $1,228 $1,366 $1,5058.00 $832 $990 $1,148 $1,307 $1,465 $1,624 $1,7829.00 $990 $1,168 $1,346 $1,524 $1,703 $1,881 $2,059

his budget should be used as a GUIDE ONLY and should be changed by the grower to take account of movements in crop and input prices, changes in seasonal conditions and individual farm characteristics. Estimated prices are GST exclusive.

DRYLAND GRAIN SORGHUM (No-till)Farm Enterprise Budget Series - North-East NSWSummer 2012-2013CALENDAR OF OPERATIONS: Machinery Inputs Total

Cost Total Cost Total CostOperation Month hrs /ha $/hour $/ha Rate/ha $ $/ha $/haHerbicide - ground spray, 450 g/L glyphosate Jan 0.05 51.87 2.59 1.6 L 4.50 7.20 9.79Wetter - non-ionic surfactant Jan with above 0.2 L 6.72 1.34 1.34Herbicide - paraquat + diquat Jan 0.05 51.87 2.59 2.0 L 9.93 19.86 22.45Herbicide - ground spray, 450 g/L glyphosate Apr 0.05 51.87 2.59 0.8 L 4.50 3.60 6.19Herbicide - 2,4-D i.p.a. 300 g/L Apr with above 0.8 L 4.20 3.36 3.36Wetter - non-ionic surfactant Apr with above 0.2 L 6.72 1.34 1.34Herbicide - ground spray, 450 g/L glyphosate Jun 0.05 51.87 2.59 1.2 L 4.50 5.40 7.99Wetter - non-ionic surfactant Jun with above 0.2 L 6.72 1.34 1.34Herbicide - ground spray, 450 g/L glyphosate Sep 0.05 51.87 2.59 1.2 L 4.50 5.40 7.99Wetter - non-ionic surfactant Sep with above 0.2 L 6.72 1.34 1.34Fertiliser - anhydrous ammonia Sep 0.20 67.87 13.57 84 kg 0.90 75.60 89.17Seed - thiamethoxam + Concep II treated Oct 0.20 67.87 13.57 2.6 kg 12.38 32.19 45.76Fertiliser - Granulock SuPreme Z Oct with above 40.0 kg 1.08 43.20 43.20Herbicide - metolachlor, PSPE Oct 0.05 51.87 2.59 2.0 L 6.91 13.82 16.41Herbicide - atrazine 600 g/L Oct with above 3.0 L 6.97 20.91 20.91Wetter - non-ionic surfactant Oct with above 0.2 L 6.72 1.34 1.34Herbicide - fluroxypyr 333 g/L Nov 0.05 51.87 2.59 0.3 L 25.00 7.50 10.09Wetter - non-ionic surfactant Nov with above 0.1 L 6.72 0.67 0.67Insecticide - ground spray (contract) Jan 16.00 16.00Nuclear polyhedrosis virus (NPV) Jan with above 0.375 L 48.33 18.12 18.12Crop insurance * Jan 4.21% 39.78Desiccant - aerial spray, 450 g/L glyphosate Feb/Mar 20.00 1.6 L 4.50 7.20 27.20Wetter - non-ionic surfactant Feb/Mar with above 0.2 L 6.72 1.34 1.34harvest # Mar/Apr contract 86.24 per ha incl fuel 86.24Grains Research Levy 1.020% of farm gate value 9.64 9.64

AGRONOMIC NOTES:

Use of a particular brand name does NOT imply recommendation of that brand by NSW DPI. Always read chemical labels and follow directions, as it is your legal responsibility to do so.LABOUR REQUIREMENTS: - labour is not costed in this budget. If labour costs $21.70 /hr, total

labour cost would be $18.99/ha, reducing the gross margin to $458 /ha.

MACHINERY ASSUMPTIONS: Tractor assumption: 130-140 KW PTO (173-180 HP)Machinery costs refer to variable costs of: fuel, oil, filters, tyres, batteries and repairs.You may need to add overhead costs as well, please refer to the Tractor and Implement Costs Guide

No-Till sorghum requires a high level of management and greater input of herbicide and fertiliser than "conventional tillage" sorghum. However, it results in higher yields (often 15%) and allows more planting opportunities (due to longer retention of sowing moisture). It is also an excellent means of reducing soil erosion through stubble retention.Insects: Heliothis control assumed to be required every year.Fertiliser: Fertiliser requirements should be based on paddock records, soil tests and planting region.Sowing: Seed price is assumed to include pre-treatment with insecticide and seed safener.Planting time: Planting sorghum after the end of December significantly increases the risk of sorghum ergot, which can cause a substantial decline in yields and unsaleable grain. It also results in slower drydown time and the possible need for aeration to dry grain.Weeds: To reduce the likelihood of herbicide resistance, rotate herbicide groups and weed management techniques. Wetter rate assumes spray rate of 100 L/ha. Paraquat + diquat is included as a double-knock for herbicide resistance management.Insurance: * Varies with Local Government Area and postcode, check with your insurer.# Harvest costs based on $60/ha for a crop up to 2.5 t/ha with estimated increment of $1.00 per extra 100 kg/ha above 2.5 t/ha.For further information refer to the NSW DPI "Summer Crop Production Guide 2012-13" and the Grain Sorghum Agfact, P3.3.5.

his budget should be used as a GUIDE ONLY and should be changed by the grower to take account of movements in crop and input prices, changes in seasonal conditions and individual farm characteristics. Estimated prices are GST exclusive.

Dryland Hybrid Forage Sorghum/Sudan GrassFarm Enterprise Budget Series - North East NSW Summer 2012-2013Steers purchase weight and price

$2.00 per kg live @ 260 kg = $520.00 per headSteers finished weight and price

$2.10 per kg live @ 330 kg = $693.00 per headDry matter t/ha 5.2

Steers/ha 5.0Sample Your

GROSS MARGIN BUDGET: Budget BudgetINCOME - GRAZING $/ha $/haGrazing (will vary substantially depending on stock type, seasonal conditions, crop growth & grazing period)

5.0 hd/ha @ 0.90 kg/day x $2.10/kg liveweight $3,465.00 i.e. 330 kg/hd @ $693/hd

A. TOTAL INCOME $/ha: $3,465.00

VARIABLE COSTS: see following page for detailsEstablishment cost (seed, fertiliser, herbicides).......................................................................................... $298.41Cattle Variable costs - Purchase store steers, 260 kg @ $2.00/kg = $520/hd..................................... $2,600.00Drench, 5-in-1 vaccine, sulphur blocks.................................... 4.64$ $/hd $23.18Supplement................................................................................ -$ $/hd -$ Commission............................................................................... 5.0% of cattle sales $173.25Industry Levies....................................................................... 5.50$ $/hd $27.50Yard Dues.................................................................................. 3.00$ $/hd $15.00Freight........................................................................................ 20.00$ $/hd $100.00Interest on up-front costs........................................................... 10.0% 78 days $62.26

B. TOTAL VARIABLE COSTS $/ha: $3,299.60

C. GROSS MARGIN (A-B) $/ha: $165.40D. GROSS MARGIN (A-B) $/head: $33.08

SENSITIVITY TABLE: Effect of livestock prices on gross margin per hectarePurchase Selling PricePrice $/kg $2.00 /kg $2.05 /kg $2.10 /kg $2.15 /kg $2.20 /kg

1.85 $195 $278 $360 $443 $5251.90 $130 $213 $295 $378 $4601.95 $65 $148 $230 $313 $3952.00 $0 $83 $165 $248 $3302.05 - $65 $18 $100 $183 $2652.10 - $130 - $47 $35 $118 $2002.15 - $195 - $112 - $30 $53 $135

SENSITIVITY TABLE: Effect of weight gain and selling price on gross margin per hectareWeight gain Selling Price

kg/day $2.00 /kg $2.05 /kg $2.10 /kg $2.15 /kg $2.20 /kg0.75 - $116 - $37 $43 $122 $2020.80 - $77 $3 $84 $164 $2450.85 - $38 $43 $125 $206 $2880.90 $0 $83 $165 $248 $3300.95 $39 $123 $206 $290 $3731.00 $78 $163 $247 $332 $4161.05 $117 $202 $288 $373 $459

Assumptions* 5.2 t/ha of dry matter is enough for 5 steers/ha* 0.9 kg/day weight gain assumed, with benefit from sulphur blocksReference: K. A. Archer and J. L. Wheder (1978) "Response by cattle grazing sorghum to salt-sulphur supplements", Australian Journal of Experimental Agriculture and Animal Husbandry, Volume 18.An experiment is reported in which cattle grazed fertilized sorghum x sudangrass. Liveweight gain was increased by approximately200 g/head/day by the provision of salt blocks containing 18 per cent sulphur (P .= 0.01 ) and to a lesser extent by salt alone.* Costs per head: 5-in-1 vaccine $0.33, drench $2.75, $1.56/head for sulphur block (25g/day for 90 days → 2.25 kg/hd @ $0.80/kg)


Dryland Hybrid Forage Sorghum/Sudan Grass No tillSummer 2012-2013

CALENDAR OF OPERATIONS: Machinery Inputs TotalCost Total Cost Total Cost

Operation Month hrs /ha $/hour $/ha Rate/ha $ $/ha $/haHerbicide - ground spray, 450 g/L glyphosate Jan 0.05 51.87 2.59 1.6 L 4.50 7.20 9.79Wetter - non-ionic surfactant Jan with above 0.2 L 6.72 1.34 1.34Herbicide - paraquat + diquat Jan 0.05 51.87 2.59 2.0 L 9.93 19.86 22.45Herbicide - ground spray, 450 g/L glyphosate Apr 0.05 51.87 2.59 1.2 L 4.50 5.40 7.99Herbicide - 2,4-D i.p.a. 300 g/L Apr with above 0.8 L 4.20 3.36 3.36Wetter - non-ionic surfactant Apr with above 0.2 L 6.72 1.34 1.34Herbicide - ground spray, 450 g/L glyphosate Jun 0.05 51.87 2.59 1.0 L 4.50 4.50 7.09Wetter - non-ionic surfactant Jun with above 0.2 L 6.72 1.34 1.34Herbicide - ground spray, 450 g/L glyphosate Sep 0.05 51.87 2.59 1.2 L 4.50 5.40 7.99Wetter - non-ionic surfactant Sep with above 0.2 L 6.72 1.34 1.34Fertiliser - Urea (bulk) Oct with above 180 kg 0.68 122.70 122.70Seed - thiamethoxam Nov 0.20 67.87 13.57 2.6 kg 12.38 32.19 45.76Fertiliser - Granulock SuPreme Z Nov with above 40.0 kg 1.08 43.20 43.20Herbicide - ground spray Nov 0.05 51.87 2.59 2.59Herbicide - atrazine 600 g/L Nov with above (PSPE) 3.0 L 6.70 20.10 20.1025g/day over 78 days" Total $/ha $298.41

Steers on forage sorghum (with $3,300/ha variable costs)Purchase Selling PricePrice $/kg $2.00 /kg $2.10 /kg $2.20 /kg$1.85 /kg $195 $360 $525$2.00 /kg $0 $165 $330$2.15 /kg - $195 - $30 $135

- $300

- $200

- $100

$0

$100

$200

$300

$400

$500

$600

$2.00 /kg $2.10 /kg $2.20 /kg

Gro

ss M

argi

n $/

ha

Selling Price

Steers on forage sorghum (with $3,300/ha variable costs)

$1.85 /kg

$2.00 /kg

$2.15 /kg

Purchase Price


DRYLAND SOYBEANS (No-till)Farm Enterprise Budget Series - North-East NSWSummer 2012-2013


INCOME: $/ha $/ha1.50 tonnes/ha at $475.00 /tonne ................................. $712.50

Cartage costs will vary with distance, so have not been included. The on-farm price is after cartage.Higher yields may be possible in more eastern areas (e.g. Inverell)Crop prices were correct at the time of writing (Aug 2012), world market volatility makes estimation of future pricing impractical.



Sowing......................................................................... $48.57Fertiliser & application................................................ $50.50Herbicide & application............................................... $100.62Insecticide & application............................................. $78.49harvesting..................................................................... $76.24Levies and insurance.................................................... $38.19



2. EFFECT OF YIELD AND PRICE ON GROSS MARGIN PER HECTARE:(A)SENSITIVITY TABLE

YIELD Pricetonnes/ha $385 /t $415 /t $445 /t $475 /t $505 /t $535 /t $565 /t

0.80 -$80 -$57 -$33 -$9 $15 $38 $621.00 -$4 $25 $55 $85 $114 $144 $1741.25 $91 $128 $165 $202 $239 $277 $3141.50 $186 $231 $275 $320 $364 $409 $4541.75 $282 $333 $385 $437 $489 $541 $5932.00 $377 $436 $496 $555 $614 $674 $7332.25 $472 $539 $606 $672 $739 $806 $8732.60 $605 $683 $760 $837 $914 $991 $1,069


exclusive.

DRYLAND SOYBEANS (No-till)Farm Enterprise Budget Series - North-East NSWSummer 2012-2013CALENDAR OF OPERATIONS: Machinery Inputs Total

Cost Total Cost Total CostOperation Month hrs /ha $/hour $/ha Rate/ha $ $/ha $/haHerbicide - ground spray, 450 g/L gly Jan 0.05 51.87 2.59 1.6 L 4.50 7.20 9.79Wetter - non-ionic surfactant Jan with above 0.2 L 6.72 1.34 1.34Herbicide - paraquat + diquat Jan 0.05 51.87 2.59 2.0 L 9.93 19.86 22.45Herbicide - ground spray, 450 g/L gly Mar 0.05 51.87 2.59 1.5 L 4.50 6.75 9.34Herbicide - 2,4-D i.p.a 300 g/L Mar with above 0.8 L 4.20 3.36 3.36Wetter - non-ionic surfactant Mar with above 0.2 L 6.72 1.34 1.34Herbicide - paraquat 250 g/L May 0.05 51.87 2.59 1.6 L 5.96 9.54 12.13Herbicide - ground spray, 450 g/L gly Aug 0.05 51.87 2.59 1.0 L 4.50 4.50 7.09Wetter - non-ionic surfactant Aug with above 0.2 L 6.72 1.34 1.34Herbicide - ground spray, 450 g/L gly Sep 0.05 51.87 2.59 1.0 L 4.50 4.50 7.09Wetter - non-ionic surfactant Sep with above 0.2 L 6.72 1.34 1.34Herbicide - ground spray, 450 g/L gly Nov 0.05 51.87 2.59 1.2 L 4.50 5.40 7.99Wetter - non-ionic surfactant Nov with above 0.2 L 6.72 1.34 1.34Sowing: Seed + inoculum Dec 0.20 67.87 13.57 20 kg 1.75 35.00 48.57Fertiliser - Granulock SuPreme Z Dec with above 50 kg 1.01 50.50 50.50Herbicide - haloxyfop-R 520 g/L Jan 0.05 51.87 2.59 0.15 L 57.07 8.56 11.15Uptake oil Oct with above 0.50 L 6.97 3.49 3.49Crop insurance ** Jan 4.34% 30.92Insecticide - deltamethrin ULV Feb 0.05 51.87 2.59 2.5 L 11.18 27.95 30.54Insecticide - deltamethrin ULV Mar aerial spray 20.00 2.5 L 11.18 27.95 47.95harvest (contract) # Apr contract 76.24 per ha incl fuel 76.24Grains Research Levy 1.02% of farm gate value 7.27

AGRONOMIC NOTES:

Use of a particular brand name does NOT imply recommendation of that brand by NSW DPI. Always read chemical labels and follow directions, as it is your legal responsibility to do so.LABOUR REQUIREMENTS: - labour is not costed in this budget. If labour costs $21.70 /hr, total


Sowing: Dryland soybeans can be a risky crop to grow. Sow only in most favoured areas on full sub-soil moisture profiles.Fertiliser: Fertiliser requirements should be based on paddock records and soil tests.Insects: Closely monitor for green vegetable bug and heliothis. Deltamethrin is used for green vegetable bug control in this example. Weeds: Select a paddock free of broadleaf weeds. To reduce the likelihood of herbicide resistance, rotate herbicide groups and weed management techniques. Ensure weed escapes are controlled before they can set seed. Paraquat + diquat is included as a double-knock for herbicide resistance management.Insurance: ** Varies with Local Ggovernment area and postcode, check with your insurer.Harvest: Crops that have poor grain prospects at flowering can be turned into good quality hay.# Harvest costs based on $70/ha for a crop up to 2.5 t/ha.Insurance: ** Varies with local government area and postcode, check with your insurer.For further information, refer to the the NSW DPI "Summer Crop Production Guide 2012-13", the NSW DPI Agfact, "Soybeans" P5.2.6 and Primefact- Soybeans: Inland Northern NSW Planting Guide


exclusive.

DRYLAND SUNFLOWERS (No-till, mono-unsaturated)Farm Enterprise Budget Series - North-East NSWSummer 2012-20131.GROSS MARGIN BUDGET: Sample Your

Budget BudgetINCOME: $/ha $/ha

1.60 tonnes/ha at $520.00 /tonne (on farm)............... $832.00Cartage costs will vary with distance, so have not been included. The on-farm price is after cartage.Crop prices were correct at the time of writing (Aug 2012), world market volatility makes estimation of future pricing impractical.



Sowing........................................................................ $65.31Fertiliser & application............................................... $162.80Herbicide & application.............................................. $77.21Insecticide & application............................................. $46.03harvesting................................................................... $66.24Levies and insurance................................................... $43.51



2. EFFECT OF YIELD AND PRICE ON GROSS MARGIN PER HECTARE:

(A)SENSITIVITY TABLEYIELD On Farm Price

tonnes/ha $460 /t $480 /t $500 /t $520 /t $550 /t $580 /t $610 /t0.70 -$134 -$120 -$106 -$92 -$72 -$51 -$301.00 $3 $22 $42 $62 $92 $121 $1511.30 $139 $165 $191 $216 $255 $294 $3321.60 $276 $308 $339 $371 $418 $466 $5131.85 $390 $426 $463 $500 $555 $609 $6642.10 $504 $545 $587 $628 $691 $753 $8152.35 $617 $664 $710 $757 $827 $896 $966


DRYLAND SUNFLOWERS (No-till, mono-unsaturated)Farm Enterprise Budget Series - North-East NSWSummer 2012-2013CALENDAR OF OPERATIONS: Machinery Inputs Total

Cost Total Cost Total CostOperation Month hrs /ha $/hour $/ha Rate/ha $ $/ha $/haHerbicide - ground spray, 450 g/L glyphosate Jan 0.05 51.87 2.59 1.6 L 4.50 7.20 9.79Wetter - non-ionic surfactant Jan with above 0.2 L 6.72 1.34 1.34Herbicide - paraquat + diquat Jan 0.05 51.87 2.59 2.0 L 9.93 19.86 22.45Herbicide - ground spray, 450 g/L glyphosate Mar 0.05 51.87 2.59 1.2 L 4.50 5.40 7.99Wetter - non-ionic surfactant Mar with above 0.2 L 6.72 1.34 1.34Herbicide - ground spray, 450 g/L glyphosate Jun 0.05 51.87 2.59 1.0 L 4.50 4.50 7.09Herbicide - 2,4-D i.p.a. 300 g/L Jun with above 0.66 L 4.20 2.77 2.77Wetter - non-ionic surfactant Jun with above 0.2 L 6.72 1.34 1.34Fertiliser - Urea (bulk) Aug with above 160 kg 0.68 ##### 108.80Herbicide - ground spray, 450 g/L glyphosate Sep 0.05 51.87 2.59 1.0 L 4.50 4.50 7.09Wetter - non-ionic surfactant Sep with above 0.2 L 6.72 1.34 1.34Sowing - sunflower seed, treated Sep 0.20 67.87 13.57 2.7 kg 19.16 51.73 65.31

Fertiliser - Granulock SuPreme Z Sep with above 50 kg 1.08 54.00 54.00Herbicide - haloxyfop-R 520 g/L Oct 0.05 51.87 2.59 0.15 L 57.07 8.56 11.15Uptake oil Oct with above 0.50 L 6.97 3.49 3.49Insecticide - alpha-cypermethrin 100 g/L EC Dec aerial spray 20.00 0.4 L 7.54 3.02 23.02Insecticide - alpha-cypermethrin 100 g/L EC Jan aerial spray 20.00 0.4 L 7.54 3.02 23.02Crop insurance ** Jan 4.21% 35.03harvest (contract) # Mar contract 66.24 per ha incl fuel 66.24Grains Research Levy 1.02% of farm gate value 8.49

AGRONOMIC NOTES:

Use of a particular brand name does NOT imply recommendation of that brand by NSW DPI. Always read chemical labels and follow directions, as it is your legal responsibility to do so.


MACHINERY ASSUMPTIONS:Tractor: 130-140 KW PTO (173-180 HP)Machinery costs refer to variable costs of: fuel, oil, filters, tyres, batteries and repairs.You may need to add overhead costs as well, please refer to the Tractor and Implement Costs Guide

Sowing: Early spring sowings allow crops to flower before high temperatures cause heat stress.Seed price is assumed to include appropriate treatments.Insects: Alpha-cypermethrin used to control Rutherglen bug or heliothis.Weeds: To reduce the likelihood of herbicide resistance, rotate herbicide groups and weed management techniques. Paraquat + diquat is included as a double-knock for herbicide resistance management.Fertiliser: Fertiliser requirements should be based on paddock records and soil tests. Any rates given are examples only.Harvest: In a limited number of years sunflowers may need to be desiccated before harvest. Check labels and permits are current. # Harvest costs based on $60/ha for a crop up to 2.5 t/ha with estimated increments of $1.00 per extra 100 kg/ha above 2.5 t/ha.Insurance: ** Varies with local government area and postcode, check with your insurer.Marketing Issues: Sunflowers are recommended to be grown under a contract. Price deductions will occur if quality standards are not met. Three sunflowers markets are available, mono-unsaturated, poly-unsaturated and confectionery. Check with buyers prior to planting to ensure understanding of contract specifications.

For further information refer to NSW DPI "Summer Crop Production Guide 2012-13".


COTTON (Roundup Ready Flex® Bollgard II® - Single Skip)

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