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Farmanco Facts - May 2022

An introduction to the May edition of Farmanco Facts. You can subscribe to this monthly newsletter through the website store.

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Key points:

High fertiliser, herbicide, fuel and seed costs were a common theme for 2022 budgets

Breakeven Prices

(Greg Easton, Management Consultant)

  • 2022 cost of production is higher than average

  • Breakeven prices are higher than normal; and

  • Update costs and yield potential to recalculate breakeven prices.

As fertiliser becomes more expensive, many growers have reconsidered their strategies for 2022

Nitrogen top-up in 2022

(Ben Curtis, Management Consultant)

  • Fertiliser price has risen by 170% compared to potential income this season

  • The top 25% of Farmanco clients spend less than $37 on fertiliser per tonne of wheat produced. For the average farmer, this year it will be as high as $115

  • Spending more on nitrogen may still be your best option, but you will need to assess the likely efficiency of the nitrogen result

  • Leverage the skill and knowledge of your agronomist and consultant to make good decisions.

  • Manage fertiliser inputs and especially nitrogen top-ups to ensure your fertiliser is placed where it will provide the biggest returns; and

  • Consider a hedge against the fertiliser price by talking to your Grain Marketer and securing some price protection.

Growers are urged to be proactive about implementing a baiting program to not only minimise this season crop damage, but also to reduce the likelihood of a mouse outbreak next spring, if numbers on their farm are on the increase

Mouse control – autumn update

(Chris Robinson, Agronomist)

  • Being proactive is still the key to successful mouse control

  • Aim to apply the higher strength 50 g/kg zinc phosphide baits at 1 kg/ha; and

  • Baiting last spring has proven to reduce numbers significantly.

Post the disbanding of the wheat single desk and the creation of the Port Terminal Access (Bulk Wheat) Code of Conduct in 2014, we have seen increased competition and capacity for bulk grain exports out of Australia

A rethink on port capacity

(Adrian Clancy, Grain Marketing Consultant)

  • Deregulation of the wheat export market has resulted in increased port capacity

  • Production variation ensures shrewd investment; and

  • A different view challenges existing export infrastructure.


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