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Annual Report 2016

FARM MANAGER’S

G L O B A L A G R I C U L T U R A L S E R V I C E S

| GLOBAL AGRICULTURAL SERVICES | FARM MANAGERS ANNUAL REPORT 2016

Nearly 40,000 hectares of cropland is

managed in this portfolio

IntroductionWelcome to the 2016 Farm Managers report for the G.A.S. Global Agricultural Services Ltd (GAS) farm portfolio. We are trying to illustrate with this farming report some of the management decisions of the Farm Manager in relationship to the portfolio of 13 farm properties in the north eastern wheat belt of Western Australia. It is important to understand that there is nearly 40,000 hectares of cropland attached to this portfolio and they are individually managed according to where they are located. The portfolio as reported was purchased by GAS in the period 2010 to 2012. Price Sevenson Pty Ltd became the farm manager of the properties in February 2012 and has continued to manage the properties since that time. Price Sevenson changed its name to Sevenson Agriculture Pty Ltd in March 2017 and will continue the management of the farms.

The properties are located from Yuna, which is east of Geraldton, in the northern wheat belt and extend southwards through Mullewa, Morawa, Perenjori and Latham. The attached location map specifically highlights the name of the property and where it is actually located on the attached map. The area where the properties are located has a Mediterranean type climate. This means that it has a winter rainfall pattern where you would normally receive 250 millimetres of rainfall and a dry summer. The annual rainfall of 300 to 350 mils of rain occurs throughout the year with the predominance in the winter months of June, July, August and September. Summer thunderstorms are common from December through to March.

The soil types of the properties range from red loams through to sandy duplex soils. Sandy duplex soils are sand over clay or gravel base. Usually the sand is about 10 to 15 centimetres deep. The red loam soils are particularly useful as they can be fallowed. Fallowing is removing all the vegetation from the soil throughout the previous season and allowing the accumulation of rainfall which results from summer thunderstorms.

In the review of the 2016 farming year I have asked our agronomist Laurence Carslake to write a feature article on why we apply lime sand to enhance our crop yields. Shane Sander from Agvise who is our Grain Marketing consultant has provided us with a concise update of the grain market throughout 2016 and also a bit of a view into what 2017 prices may be like. This will enable you to understand the current prices that we are receiving for grain.

As part of the report we have also provided an agronomy summary which looks at each individual property.

It includes the area of crop that was planted, the rotation that is being used on the property and the yields which were achieved by the tenant or sharefarmer. For those who are more technically interested in what inputs are going into the cropping program we have also included some information on fertilisers and crop sprays or herbicides.

GLOBAL AGRICULTURAL SERVICES | FARM MANAGERS ANNUAL REPORT 2016 | PAGE 3

GERALDTON

Mullewa

Morawa

SparksSt Josephs

Marlingu

Devon

Dervaig

SermonsPrestons

Granada

Golden Valley

Maryvale

Lockyer

DorredaleJust Blocks

LathamEneabba

Moora

Three Springs

PERTH

Wubin

100 Km0 50

LocationThe farmland portfolio as reported was purchased by GAS in the period 2010 to 2012. The properties are located in what is called the north eastern wheat belt of Western Australia. The portfolio currently consists of 13 farms totalling 40,714 hectares.

The physical location of the properties start from Yuna, which is east of Geraldton, in the northern wheat belt and extends southwards through Mullewa, Morawa, Perenjori and Latham. The attached location map specifically highlights the name of the property and where it is located on the attached map.

The properties are located in a farming zone with an annual rainfall of between 300 and 350 mm. The rain usually occurs throughout the year with the predominance in the winter months of June, July, August and September. Thunderstorms occur in the December to March period.

The soil types of the properties range from red loams through to sandy duplex soils. The red loam soils are particularly useful as they can be fallowed.


1 2 3 4 5 6 7 8 9 10 11 12 13 14Neutral

Increasingly alkaline

Scale

AlkalineIdeal pH rangefor plant growth

Acid

Slightly alkalineIncreasing alkalinity

leads to some plant nutirentsbecoming inavailable

Slightly acidIncreasingly too acid for

sensitive plants

Increasingly acid

No plant growth possible below pH3.7

Plant growth and pH (CaCl2)

Aluminium ToxicityIn soils when pH drops Aluminium becomes soluble. Soluble Aluminium retards root growth and reduces nutrient and water availability to the plant. There are many soils in WA with high Aluminium levels requiring higher rates of lime to correct pH but also to reduce levels of Aluminium toxicity. The effects of Aluminium toxicity are more noticeable when dryer conditions are experienced by a cereal crop during grain fill.

Source NSW DPI Soil Acidity Action.

The pH of a soil affects the

plants ability to absorb

nutirents and access water from the soil

Soil pH By Laurence Carslake, reviewed by Ken SevensonSoil pH is a measure used to describe the acidity or alkalinity of a soil or given soil sample. Th pH scale is logarythmic and goes from 0 to 14, it measures the hydrogen ions in soil solution. The lower the number the more acidic the soil. pH is measured either in water or in calcium chloride. The most common method used in Western Australia (WA) when looking at agricultural production and soil analysis is the calcium chloride method.

The pH of a soil affects the plants ability to absorb nutrients and access water from the soil. In broad terms the more acidic the soil the greater the negative effect on a plants ability to grow or access required nutrients from within the soil. Plants have the ability to extract nutrition from soils within a range of soil pH depending on there level of tolerance to soil acidity. As an example wheat will grow in a wide range of soil types down to a pH of just below 5, but will perform best in a soil with a pH above 5.5 and up to 8. Wheat will grow below this range but production will be compromised by the soil limiting access to nutrients and soil stored water through limited plant root growth.

The table below highlights plant growth and soil pH.

Source NSW DPI Soil Acidity Action.


To reduce soil acidity lime is applied to the soil. In WA the main forms of lime are; lime sand, crushed limestone, crushed dolomite and manufactured limes such as Hi Cal.

Lime is normally applied using a fertiliser spreader. Lime rates can vary from 2t/ha to 8t/ha.

Regular applications relative to production are required.

25

20

15

10

5

03.0 3.5 4.0 4.5 5.0 5.5 6.0

<2 ppm non toxic

pH of soil

2–5 p

pm to

xic to

se

nsitiv

e spe

ciesc

Alum

iniu

m co

ncen

tratio

n (pp

m)

>5 ppm toxic to tolerant species

Aluminium toxicity effects on root growth shown above.

The figure above highlights the tolerance of different plant types to soil acidity.

Source: DAFWA.

The impact of pH on the availability of plant elements

Highly tolerant TOLERANCE TO ACIDITY Highly sensitive

Ceral ry

e

Serrad

ellaRyeg

rass

Subclo

ver

Medics

Lucerne

Tritica

leLupins

Oats

CanolaBarl

eyFab

a bean

s

Tolera

nt wheat

s*Sen

sitive

wheats

Field peas *New varieties become available

regularly; check current varieties

4.5 5.5 7.55.5

Avai

labi

lity

of e

lem

ents

Soil pH

Ca, Mg

N, S, K

Mo

P

Fe, Mn, Cu, Zn, Al

Nutrient availability to plantsFor most of the key nutrients that are required for plant growth their availability improves as the soil pH rises. The exception to this which can have a negative effect on plant growth, particularly cereals in Western Australia, are Manganese, Zinc and to some extent Copper.

No LimepH:4.0Aluminium15 mg/kg

1 t/ha Lime ph: 5.1Aluminium<2 mg/kg

Long term trial data from Department of Agriculture and Food Western Australia (DAFWA) indicate that yield responses, in trials, to an application of 2t/ha of lime have been a 12% increase when measured at sites four to five years after application and over a wide range of soil types. The amount of response is likely to vary depending on the soil type and the soils pH prior to liming. The application of lime to a soil will improve its pH over time. The amount of mechanical incorporation will have a significant effect on how quickly it works. Mechanical cultivation or mixing of the lime into the soil is done by ploughing, spading, mould boarding or knifepoint seeding. All of those methods will incorporate lime to some extent. In general, the more aggressive the mixing of the soil with lime the faster the change in pH within the soil where it can have a positive influence on plant root growth and grain yield.


2016 Snapshot


Seasonal Synopsis

The farming season for the portfolio of properties could be regarded as being average to above average. A number of properties were advantaged by good summer rains which put moisture into fallows and this reflected in the crop yields which were attained on certain properties. Seeding got underway early with good April and May rains which enabled the crop to be well established early in the season. Potential yields looked good early in the growing season and with average to above average rains in spring we were looking forward to an excellent crop. Unfortunately the spring was a bit dryer than average and this resulted in some yields that were less than expected.

The other confounding issue for some farms was the extent of frost which affects the flowering of the wheat plant and stops grain fill. This can either be a flower frost or a stem frost which truncates the main stem and prevents grain fill. A combination of these appears to have hurt crop yields in 2016. Although yield loss from frost is a common event in the south eastern wheat belt it is not a common event in the north eastern wheat belt. Crops or farms to the west of our portfolio were badly affected by frost; this is virtually unheard of in the immediate history of cropping in the northern wheat belt.

The profitability of cropping in 2016 was also affected by some issues to do with grain quality. Protein levels generally were 1 to 1.5 percent lower than normal when harvest took place in November 2016. The other aspect of grain quality was because of the lack of filling rain, there was a lot of light weight grain and frost affected grain in the samples and this resulted in price discounts being applied to a lot of grain that was sold.

The other issue was the decline in wheat price. If you read the article by our Grain Marketing consultants “Agvise” they will detail the movement of grain prices throughout the year and the resulting lower prices at harvest in 2016. The combination of grain quality and price did have an adverse effect on the

profitability of a number of our crops in 2016. This was compensated slightly by the better yields obtained on some properties. The properties which were adversely affected were ones which had quiet severe frost damage resulting in below average crop yields.

To help you better understand the way that the properties are operated in any farming year there are a number of properties which are share farmed and therefore the effect of grain quality and grain yield has an effect on profitability. The remaining properties are leased and the tenant farmer takes the risk of adverse seasons with poor yields and lower grain prices. With our lease properties the income is stable and fixed for that particular lease period , be it for a year or 3 years and hence we do know in advance what sort of financial return we are going to receive in any year. A combination of share farming and lease does give us the potential to benefit from better cropping years and achieve a higher EBIT on those share farming properties which in turn benefits the performance of the whole portfolio.

A number of properties were advantaged by good summer

rains which put moisture into

fallows


1998

500

600

400

300

200

100

02000 2002 2004 2006 2008 2010 2012 2014 2016

Year

Rain

fall

(mm

)

medianno datax

xxx

2016

1998

500

400

300

200

100

02000 2002 2004 2006 2008 2010 2012 2014 2016

Year

Rain

fall

(mm

)

medianno datax

x

2016

Latham (008072) Annual rainfall

Mullewa (008095) Annual rainfall

Bowgada (008013) Annual rainfall

1998

500

400

300

200

100

02000 2002 2004 2006 2008 2010 2012 2014 2016

Year

Rain

fall

(mm

)

medianno datax

xxxx x

2016


Market Overview

By Shane Sander, Agvise Management Consultants

Overview• Australia will carry increased stocks of wheat, barley and canola into 17/18

following a record winter crop in 16/17.

• Grain and oilseed prices were relatively soft throughout March and April before rallying to season highs in early June. Large crops in key northern hemisphere producing regions resulted in excessive stocks of all major crops with values pressured to 10 year lows.

• Global stocks of wheat remain elevated and prices are expected to remain weak – refer Figure 1, Australian Wheat Production since 2007/08.

0%5%10%15%20%25%30%35%40%

05

10152025303540

07/0808/09

09/1010/11

11/1212/13

13/1414/15

15/1616/17

Mill

ion t

onne

s

Australian Wheat Production (Source: ACF, ABARE, USDA)

Australia (ABARE) World stocks to useWAAustralia ACF)

280

350

300

350

275

250

225

200Oct ‘14 Jan ‘15 Apr ‘15

17 W Kwi APW1 FIS 16 W Kwi APW1 FIS 15 W Kwi APW1 FIS 14 W Kwi APW1 FIS

Jul ‘15 Oct ‘15 Jan ‘16 Apr ‘16 Jul ‘16 Oct ‘16 Jan ‘17

280

Figure 1: Australian Wheat Production since 2007/08

• Increased global end stocks has been reflected in a steady reduction in prices since July 2015, refer Figure 2 – Wheat Prices in Western Australia since October 2014.

• The International Grains Councils (IGC) forecasts a small reduction (-0.3%) in 17/18 wheat harvested area. Global production is projected to fall 2% on average yields. This is potentially the first production decrease in five years and will limit further price falls.

Figure 2: Wheat Price in Western Australia since October 2014

Grain and oilseed prices

were relatively soft throughout March and April

before rallying to season highs

in early June


2016 ReviewCrop EnterpriseProduction and Quality SummaryTable 1 below summarises the quality profile delivered by farm in

Table 1: Wheat Quality by Farm and Grade

Grade Sermons Sparks Dervaig Devon Preston %

APW1 41.76 107.67 7.99 21.35 193.70 32%

APW2 67.07 181.94 - 42.25 4.46 25%

ASW1 78.46 55.43 113.16 112.25 125.00 41%

H2 - - - - 25.48 2%

Total Tonnes 187.29 345.04 121.15 175.85 348.64 100%

• Overall Grain quality was good with 57% of production graded as APW1 and APW2

• 42% of production was delivered as ASW1 due to protein levels being below 10%

• All wheat was sold via fixed grade cash contracts at the completion of harvest• Average sale price achieved across all farms and all grades was $240.92/t FIS.

2017 Forecast• Global stocks of wheat remain elevated but lower prices have done enough to

encourage the commencement of reduced acreages in 17/18. Initial estimates on the US spring wheat planting show a reduction in sown area year-on-year of 8.30%

• The International Grains Council (IGC) sees overall world wheat area down marginally, but average yields will see global production fall 2%. IGC predicts a modest reduction in ending stocks in 17/18.

• Despite reductions in sown area we believe that any upside in values remain capped while global stocks remain elevated, however, further price movement to the downside should be limited.

• In recent times, drier than normal conditions in the Mid-West USA, Canada, Ukraine and Western Australia in combination with reduced plantings have seen significant improvements in all wheat markets. The AUD price of wheat in the Kwinana port zone of Western Australia has improved to $330/t – more than $100/t from the seasonal lows of 2016

• Despite this recent market improvement in prices the market will need to see ongoing reductions to global supply in order for these higher prices to be sustained.


Property Lessee or share farmer

Lease or sharefarm

Total hectares

Arable hectares

Area cropped wheat (ha)

Wheat variety Sowing date of the crop Fertiliser chosen Herbicides Final harvest

result Area cropped barley

Fertiliser chosen Herbicides

Final Harvest Result

Fallowed Budgeted Income (%)

Estimated EBIT

Prestons Centergate Holdings and Styleside Investments

Share Farm 4120 3655 1827 Mace 18th April 16 MAP 28kg, Urea 30kg, P6 P4 P3 Flexi N 30 litres P1 P2 Sprayed

Glyphosate 1.5 l/ha, Ester 80 0.5l/ha, Oxyfluorfen 0.08 l/ha, Ally 3.5 g/ha, Glypsosate 0.8 l/ha, Trifluralin 1.0 l/ha, Oxyfluorfen 0.8 l/ha

1.87 t/ha N/A 1815ha chemical fallow

4.94% 1.48%

Dorre Dale Kevin and Helen Bradford

Lease 2777 2507 975 Mace, Wyalktachem

1st May 16 Agras 50kg/ha, Urea 50kg/ha Top dressed

Treflan 1.2 litre/ha, Roundup 1.5 litre/ha, Esther 680 300ml/ha, Jaguar 800ml/ha, LVE/MCPA 500ml/ha

1.7 t/ha 1057ha Litmus Barley, 269ha Birito Canola

Agras 50 kg/ha, Urea 50 kg/ha, Top dressed


Barley 1.06 t/ha Canola 0.90 t/ha

250ha 7.09% 4.00%

Lockyers DL and VM Moulton

Lease 1641 1397 1000 Wyalkatchem 5th May 16 Whityield 40kg/ha, Urea 40kg/ha

Garlon 100ml/ha, Round-up 1L/ha, Ally and Hasten 6 grams/ha, Triflur 2L/ha, Round-up 1L/ha, Diuron Ester 680 3 kg/ha, Ester680 0.5L/ha, Ester 680 0.5L/ha

1.41875 t/ha 360ha Litmus Barley

Whitfield 40kg/ha, Urea 40kg/ha Topdressed

Garlon 100ml/ha, Roundup 1 litre/ha, Hasten Triflur 2litre/ha, Roundup 1 litre/ha, Diuron 3 kg/ha, Esther 680 0.5 l/ha, Esther 680 0.8 l/ha

2.11 t/ha 7.76% 3.97%

Golden Valley James Case and John Rose

Lease 3633 3288 2000 Mace 25th April 16 Agstar 40kg/ha, Urea 20 kg/ha Glyphosate 2.0l/ha, Monza 25gms/ha, MCPA LVE 500mls/ha, Velcity 600mls/ha, Esther 680 1 l/ha, Metsulfuron 5gms/ha, Jaguar 800mls/ha

1.1 t/ha frost affected

. Pasture 1187ha

7.86% 3.37%

Just Block Malindelle Nominees

Lease 770 628 600 Calingari, Justica,Mace

4th May 16 MAP 45kg/ha, SOA 60 kg Top dressed, Urea 50 kg/ha P5 P6 50% of P7

Roundup 2.0 l/ha, Ally 5g/ha, 300 Ester 800, 1.5 Treflan, Logran 30, Alpha Cypermethryn 40mls

388 ha 0.9t/ha, 206ha 1.4 t/ha

N/A 5.38% 2.19%

Marlingu Town View and GL Mullns

Lease 6587 5049 2000 Mace 25th May 16 DAP 50kg/ha, Urea 40kg/ha Glyphosate 1 litre/ha, Treflan 1 litre/ha, Logran 30 grams/ha, Velocity 500 ml/ha, LVE 300 ml/ha

1.4 t/ha 2135ha 5.74% 3.72%

Dervaig GT and JC Burges

Share Farm 2689 2179 1465 Mace, Cobra 15th to 31st May DAP 50kg/ha, SOA 50kg/ha Top dressed

Glyphosate 1.5 l/ha, Trifluralin 2.0 l/ha, Jaguar 0.8 l/ha

1.13t/ha N/A 714ha 10.54% 3.88%

DEVON FARM Total holding 6503 5784 2.84% 1.82%

Devon – Olmans and Kevins

Poyners Agricultural Services

Lease 0 Pasture 2406ha

Devon – Frizzles Creasy Nominees Pty Ltd

Lease 300 Corack 10th May 16 Maxamstar 56kg, Urea 60kg, Urea 25kg Top dressed

Trifluralin 1.6/ha, Glyphosate 2.3 litres/ha

3.15 t/ha

Devon – Boetells Batten Farms Share Farm 353 Mace 3rd May 16 DAP 40kg/ha, Flexi N 45l/ha Sprayed

Glyphosate 450 1.8l/ha, Garlon 600 0.08l/ha, Metsulfuron 5gm/ha, 24D Esther 0.35/ ha Velocity 0.71/ha

2.01 t/ha 346ha

Devon – Outback Farm

Batten Farms Grazing lease

Devon – Exten Farm

Batten Farms Share Farm 475 Wyalkatchem Mace

2nd to 20th May DAP 40kg/ha, Flexi N 35 to 50 l/ha Jaguar 1.0l/ha, MCPA (LVE) 0.44l/ha, Glyphosate450 2.0l/ha, 24D Esther 0.51l/ha, Garlon 600 0.1 t/ha

1.58t/ha

Sparks Powerace Pty Ltd Share Farm 2021 1536 1524 Mace Early May Ag Star 50kg/ha, Flexi N 20litre/ha Glyphosate, Trifluralin , Logran, Ally 1.54t/ha N/A 10.00% 3.08%Sermons Jock and Corrina

WilsonShare Farm 1838 1588 396 656 Corack Mace 15th May 16 Agstar Xtra 40kg, Urea 30kg, Flexi

N 30l/ha Sprayed, Urea 40 kgGarlon 20 litres, Glyphosate 1/1.5 litres, Trifluralin 1.5 litres, Gleen Logran, Glyphosate 1/1.5 litres

1.36t/ha N/A 241ha 7.89% 3.29%

Granada Claire-Loch Gold Pty Ltd

Lease 1954 1646 760 560 Mace Corack

Early May DAP Xtra 45kg/ha, Flexi-N 50l/ha Sprayed

Glyphosate 1.2l/ha, Ester 80 300ml/ha, Trifluralin 480 1.7 l/ha, Roundup 1.6 l/ha

1.82 t/ha N/A 5.14% 3.14%

St Josephs Powerace Pty Ltd Lease 4070 3216 3000 Mace Early May Ag Star 50 kg/ha, Urea 50 kg/ha, Top dressed, Flexi N 20 litre/ha Sprayed

Glyphosate, Trifluralin, Logran, Ally, Jaguar, LVE MCPA

2.05 t/ha N/A 250ha 6.25% 2.95%

Maryvale Wayne and Rebekah Counsel

Lease 2111 1908 916 Mace Wheat 5th May 16, Barley 1st May 16, Oats 24th April 16

MAP 50 kg/ha, Urea 70kg/ha Roundup 2 l/ha, Garlon 100ml/ha, Roundup 1.2 l/ha, Treflan 1.2l/ha, Logran 25g/ha

1.90 t/ha 212ha Barley, 200ha, Palinup Oats

MAP 50kg/ha, Urea 70kg/ha

Roundup 2l/ha, Garlon 100ml/ha, Roundup 1.2l/ha, Treflan 1.2l/ha, Logran 25g/ha

Barley 2.2t/ha

Pasture 511ha

4.55% 2.77%

Global Agricultural Services Properties (GAS) 2016 – share farming and leased farmlands


Property Lessee or share farmer

Lease or sharefarm

Total hectares

Arable hectares

Area cropped wheat (ha)

Wheat variety Sowing date of the crop Fertiliser chosen Herbicides Final harvest

result Area cropped barley

Fertiliser chosen Herbicides

Final Harvest Result

Fallowed Budgeted Income (%)

Estimated EBIT

Prestons Centergate Holdings and Styleside Investments

Share Farm 4120 3655 1827 Mace 18th April 16 MAP 28kg, Urea 30kg, P6 P4 P3 Flexi N 30 litres P1 P2 Sprayed

Glyphosate 1.5 l/ha, Ester 80 0.5l/ha, Oxyfluorfen 0.08 l/ha, Ally 3.5 g/ha, Glypsosate 0.8 l/ha, Trifluralin 1.0 l/ha, Oxyfluorfen 0.8 l/ha

1.87 t/ha N/A 1815ha chemical fallow

4.94% 1.48%

Dorre Dale Kevin and Helen Bradford

Lease 2777 2507 975 Mace, Wyalktachem

1st May 16 Agras 50kg/ha, Urea 50kg/ha Top dressed


1.7 t/ha 1057ha Litmus Barley, 269ha Birito Canola

Agras 50 kg/ha, Urea 50 kg/ha, Top dressed


Barley 1.06 t/ha Canola 0.90 t/ha

250ha 7.09% 4.00%

Lockyers DL and VM Moulton

Lease 1641 1397 1000 Wyalkatchem 5th May 16 Whityield 40kg/ha, Urea 40kg/ha

Garlon 100ml/ha, Round-up 1L/ha, Ally and Hasten 6 grams/ha, Triflur 2L/ha, Round-up 1L/ha, Diuron Ester 680 3 kg/ha, Ester680 0.5L/ha, Ester 680 0.5L/ha

1.41875 t/ha 360ha Litmus Barley

Whitfield 40kg/ha, Urea 40kg/ha Topdressed

Garlon 100ml/ha, Roundup 1 litre/ha, Hasten Triflur 2litre/ha, Roundup 1 litre/ha, Diuron 3 kg/ha, Esther 680 0.5 l/ha, Esther 680 0.8 l/ha

2.11 t/ha 7.76% 3.97%

Golden Valley James Case and John Rose

Lease 3633 3288 2000 Mace 25th April 16 Agstar 40kg/ha, Urea 20 kg/ha Glyphosate 2.0l/ha, Monza 25gms/ha, MCPA LVE 500mls/ha, Velcity 600mls/ha, Esther 680 1 l/ha, Metsulfuron 5gms/ha, Jaguar 800mls/ha

1.1 t/ha frost affected

. Pasture 1187ha

7.86% 3.37%

Just Block Malindelle Nominees

Lease 770 628 600 Calingari, Justica,Mace

4th May 16 MAP 45kg/ha, SOA 60 kg Top dressed, Urea 50 kg/ha P5 P6 50% of P7

Roundup 2.0 l/ha, Ally 5g/ha, 300 Ester 800, 1.5 Treflan, Logran 30, Alpha Cypermethryn 40mls

388 ha 0.9t/ha, 206ha 1.4 t/ha

N/A 5.38% 2.19%

Marlingu Town View and GL Mullns

Lease 6587 5049 2000 Mace 25th May 16 DAP 50kg/ha, Urea 40kg/ha Glyphosate 1 litre/ha, Treflan 1 litre/ha, Logran 30 grams/ha, Velocity 500 ml/ha, LVE 300 ml/ha

1.4 t/ha 2135ha 5.74% 3.72%

Dervaig GT and JC Burges

Share Farm 2689 2179 1465 Mace, Cobra 15th to 31st May DAP 50kg/ha, SOA 50kg/ha Top dressed

Glyphosate 1.5 l/ha, Trifluralin 2.0 l/ha, Jaguar 0.8 l/ha

1.13t/ha N/A 714ha 10.54% 3.88%

DEVON FARM Total holding 6503 5784 2.84% 1.82%

Devon – Olmans and Kevins

Poyners Agricultural Services

Lease 0 Pasture 2406ha

Devon – Frizzles Creasy Nominees Pty Ltd

Lease 300 Corack 10th May 16 Maxamstar 56kg, Urea 60kg, Urea 25kg Top dressed

Trifluralin 1.6/ha, Glyphosate 2.3 litres/ha

3.15 t/ha

Devon – Boetells Batten Farms Share Farm 353 Mace 3rd May 16 DAP 40kg/ha, Flexi N 45l/ha Sprayed

Glyphosate 450 1.8l/ha, Garlon 600 0.08l/ha, Metsulfuron 5gm/ha, 24D Esther 0.35/ ha Velocity 0.71/ha

2.01 t/ha 346ha

Devon – Outback Farm

Batten Farms Grazing lease

Devon – Exten Farm

Batten Farms Share Farm 475 Wyalkatchem Mace

2nd to 20th May DAP 40kg/ha, Flexi N 35 to 50 l/ha Jaguar 1.0l/ha, MCPA (LVE) 0.44l/ha, Glyphosate450 2.0l/ha, 24D Esther 0.51l/ha, Garlon 600 0.1 t/ha

1.58t/ha

Sparks Powerace Pty Ltd Share Farm 2021 1536 1524 Mace Early May Ag Star 50kg/ha, Flexi N 20litre/ha Glyphosate, Trifluralin , Logran, Ally 1.54t/ha N/A 10.00% 3.08%Sermons Jock and Corrina

WilsonShare Farm 1838 1588 396 656 Corack Mace 15th May 16 Agstar Xtra 40kg, Urea 30kg, Flexi

N 30l/ha Sprayed, Urea 40 kgGarlon 20 litres, Glyphosate 1/1.5 litres, Trifluralin 1.5 litres, Gleen Logran, Glyphosate 1/1.5 litres

1.36t/ha N/A 241ha 7.89% 3.29%

Granada Claire-Loch Gold Pty Ltd

Lease 1954 1646 760 560 Mace Corack

Early May DAP Xtra 45kg/ha, Flexi-N 50l/ha Sprayed

Glyphosate 1.2l/ha, Ester 80 300ml/ha, Trifluralin 480 1.7 l/ha, Roundup 1.6 l/ha

1.82 t/ha N/A 5.14% 3.14%

St Josephs Powerace Pty Ltd Lease 4070 3216 3000 Mace Early May Ag Star 50 kg/ha, Urea 50 kg/ha, Top dressed, Flexi N 20 litre/ha Sprayed

Glyphosate, Trifluralin, Logran, Ally, Jaguar, LVE MCPA

2.05 t/ha N/A 250ha 6.25% 2.95%

Maryvale Wayne and Rebekah Counsel

Lease 2111 1908 916 Mace Wheat 5th May 16, Barley 1st May 16, Oats 24th April 16

MAP 50 kg/ha, Urea 70kg/ha Roundup 2 l/ha, Garlon 100ml/ha, Roundup 1.2 l/ha, Treflan 1.2l/ha, Logran 25g/ha

1.90 t/ha 212ha Barley, 200ha, Palinup Oats

MAP 50kg/ha, Urea 70kg/ha

Roundup 2l/ha, Garlon 100ml/ha, Roundup 1.2l/ha, Treflan 1.2l/ha, Logran 25g/ha

Barley 2.2t/ha

Pasture 511ha

4.55% 2.77%

Global Agricultural Services Properties (GAS) 2016 – share farming and leased farmlands

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http://www.sevensonagriculture.com.au

FARM MANAGER’S Annual Reportgasglobalagriculturalservices.com/files/GAS2016AnnualFarmReport...

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Transcript of FARM MANAGER’S Annual Reportgasglobalagriculturalservices.com/files/GAS2016AnnualFarmReport...