1. 2012 SMF CropsFinal Presentation

2. SMF Manager Roles & Responsibilities Provide leadership to the class Support the SMF managers Provide a vision for and direction for SMF 3. SMF Powered By New Holland 10-year, multi-million dollar Deal Wereproud to enter into this agreement with New Holland, a company that shares our passion for education and innovation says Glenn Charlesworth, president of Lakeland College 4. Management Team AmySmith Operations Jared Sapach Marketing Lindsey Stanko Finance Codey Boehm Public Relations Cory Laird - Production 5. Presentation Information InformationPackage Question Period will follow each grouppresentation 6. Agenda Public Relations Operations Marketing Intermission Finance Production 7. PublicRelationsCodey BoehmPublic Relations Manager 8. Members and Roles Group members include: Ashleigh B, Ashley K and Dalyn W Teacher Advisor: Robert Dixon Public Relations is responsible for: Linking SMF with the agriculture industry Building presentations Creating an image for SMF 9. OperationsAmy SmithOperations Manager 10. Members and Roles Group members include: Pearce R, Reid F and Stephen T Teacher Advisor: John Lunty Operations is responsible for: Bin planning Scheduling harvest and trucking Samples and moisture tests 11. Field Manager ProA software program designed to compile chemical and fertilizer used dates of operations field history storage and harvest data 12. Data Input 13. New & Improved Bin Plan 14. Importance of FMP Recordkeeping Communication Keeps our farming operation organized Easy transition from class to class 15. Carbon Credits A carbon credit is a tradable certificate The company selling the carbon credit mustreduce one tonne of carbon to generate thecredit A company can generate one tonne of carbonper credit Main purpose of carbon credits: Reduce Greenhouse Gas emissions Make large industrial companies pay to emitcarbon dioxide/toxic gases Reward farmers for reducing carbonemissions 16. Carbon Credits Reduced or zero tillage practices generate carbon credits Growingcrops take in CO2 and emit O2 through photosynthesis Carboncredits provide added income Farmerswho practice no till will receive more credits than those who practice minimum till 17. Carbon Credits After15 to 30 years it is estimated that thesoil will reach its capacity to hold carbonin a stable state Lakeland College redeemed carboncredits this year Lakeland College received $1/acre over3500 acres There is a $0.30 deduction on the 1dollarwhich made our total earnings $2500 18. Harvest Field information on Prezi 19. Questions? 20. MarketingJared SapachMarketing Manager 21. Members and Roles WheatTeam: Jake M, Chad K, Michelle B Feed Grains Team: Sven W Peas Team: Kaz D Flax Team: Justin P Canola Team: Stephanie L, Malcolm O, Damian L Teacher Advisor: Tracy Quinton Marketing is responsible for: Finding buyers and selling grain Following trends in the market 22. MarketingWheatJake, Chad & Michelle 23. HRS Summary 105 MT priced under December futures 95 MT priced under March futures 150 MT put in the wheat pool current pro is $309.00/MTor $8.41/bu 24. December Contracts 105MT futures priced by previous SMF in 15MTincrements Basis priced out between October andDecember 2011 by current SMF class Our average price per tonne after deductionsis $7.26/bu 25. December ContractsAdjustment# of Tonnes Futures Price /mt Basis /mtDeductions Net Price /mt Net Price /buFactor15$ 344.12$ (33.92) $0.00 $ 49.50 $ 260.20 $ 7.0815$ 379.63$ (40.51) $0.00 $ 49.50 $ 289.62 $ 7.8815$ 351.26$ (52.45) $0.00 $ 49.50 $ 249.31 $ 6.7915$ 317.47$ (40.92) $0.00 $ 49.50 $ 276.55 $ 7.5315$ 320.87$ (40.92) $0.00 $ 49.50 $ 279.95 $ 7.6215$ 340.42$ (40.92) $0.00 $ 49.50 $ 250.00 $ 6.8015$ 347.13$ (34.83) $0.00 $ 49.50 $ 262.80 $ 7.15 $266.92 $ 7.26 26. ($47.51) 27. March ContractsAdjustment# of Tonnes Futures Price /mt Basis /mtDeductions Net Price /mt Net Price /buFactor20$ 312.39$ (18.18) $12.48 $ 49.50 $ 257.19 $ 7.0010$ 315.51$ (16.12) $10.33 $ 49.50 $ 260.22 $ 7.0810$ 317.62$ (20.49) $ 9.49 $ 49.50 $ 257.12 $ 7.0015$ 288.67$ (20.49) $10.79 $ 49.50 $ 278.97 $ 7.5910$ 306.07$ (10.89) $ 7.86 $ 49.50 $ 253.54 $ 6.9015$ 288.67$ (10.47) $11.93 $ 49.50 $ 290.13 $ 7.90 $ 257.05 $ 7.00 28. ($310.22) 29. ($29.81) 30. SWS Summary 22 MT priced through the pool Current PRO $6.61/bu 10MT priced out fully last march 5MT priced fully on the fixed priceSWS March FuturesAdjustment# of Tonnes Futures Price /mt Basis /mtDeductions Net Price /mt Net Price /bu Factor5$246.13 $(12.78) $7.12 $50.00 $ 190.47 $5.1810 $320.48 $(22.16)0.00 $50.00 $ 248.32 $6.76$229.04 $6.23 31. (U.S. Wheat Associates) 32. (U.S. Wheat Associates) 33. (U.S. Wheat Associates) 34. (U.S. Wheat Associates) 35. (U.S. Wheat Associates) 36. (U.S. Wheat Associates) 37. SWS Forward Pricing Estimated 109 acres seeded Estimated yield of 70 bu/ac 109ac X 70bu = 7630bu 42MT = 1543bu 42MT = 20% of estimated production Targeting $6.00 per bushel 38. HRS Forward Pricing Estimated 100 acres to be seeded Estimated 50 bushel yield 100ac X 50bu = 5000bu 20MT = 735bu 20MT = 14% of estimated production Targeting $7.00 per bushel 39. MarketingFeed GrainsSven 40. Average PriceSource: Prairie Crop Charts 41. Feed Wheat 200MT from 2010 valued at $5.00/bu Sold 86MT for 5.21$/bu F.O.B Sold 86MT for 5.06$/bu F.O.B Averageprice 5.13$/bu Approx. 28MT on inventory 42. Feed Barley Sold to College Farm Ag Value 4.14$/bu F.O.B 1350bu at 4.04$/bu 43. MarketingPeasKaz 44. 10.00 Peas Prices Viterra Lavoy $10.00/bu 9.50$9.03/bu 9.00 8.50 Viterra Average $8.56 $8.50/bu 8.00 7.50 7.00 2010/2011 Average $6.80(Ag Food Canada) 6.50 45. Date Bushels sold Price Freight Price after($/bu)CostFreight ($/bu)September1580bu $9.03 $0.31 $8.72March1200bu $8.50 F.O.B.$8.50March940bu$10.00F.O.B.$10.00Average $9.07Total Sold 3720buStarted out with 4720buOf remaining 1000bu, 700bu are cleaned for seed and 300bu are bin run 46. Canadian Peas Canadian peas production fell by 30% largelydue to lower harvested area in Saskatchewan Exports are expected to fall to 2.1 milliontonnes Other major markets are in China andBangladesh Market support may come from a smaller UScrop 47. Dry Peas: December 15, 2011 200820092010 2011-2009 -2010 - 2011 - 2012Area Seeded (kha) 1,6171,5221,396 942Area Harvested (kha)1,5821,4871,322 914Yield (t/ha) 2.26 2.272.28 2.31Production (thousand3,5713,3793,018 2,116tonnes-kt)Imports (kt) 15553340Total Supply (kt) 3,8413,8803,951 2,691Exports (kt)2,8262,1783,012 2,100Total Domestic Use (kt) 571 802 404 391Carry-out Stocks (kt) 445 900 535 200Stocks-to-use Ratio (%)133016 8Average Price ($/bu) 6.80 5.036.80 7.89 8.71 48. AverageStock to UseRatio 13% 49. Market Outlook Canadian dry pea prices have beensupported this crop year by a smaller worlddry pea crop and steady world demand Bottom line for 2011-12, the average price isexpected to rise due in part to a tightCanadian and world supply 50. MarketingFlaxJustin P 51. Where is it grown? Themajority of the flax (80%) is grown in south-eastern Saskatchewan Total seeded & harvested flax acres have been quite low in the 10 year average 52. Why is Flax Acreage Decreasing? Competition from Kazakhstan & Russia Under pressure due to lower oilseed andvegetable oil prices European Union wanting organic flax 53. World Producers (2010) Canada China United States Russia 54. World Exports (2009) Canada Belgium Russia United Kingdom 55. Main Canadian Flax Importers European Union United States Japan 56. December 15, 2011 Stats Canada20092010 2011-2010 - 2011 - 2012fArea Seeded (kha) 692 374281Area Harvested (kha)623 353273Yield (t/ha)1.491.20 1.35Production (kt) 930 423368Imports (kt) (b)6 85Total Supply (kt) 1,165 720567Exports (kt) (c)772 404350Total Domestic Use104 123117(kt) (d)Carry-out Stocks (kt) 289 194100Average Price ($/t) (g) 424 530**510-550 57. 2012 Viterra Flax Prices 15.00 14.002011 average ($ 13.42/ bu) 13.00$/ bu. 12.00 March 11.002010 average ($ 10.60/ bu) 10.002009 average ($ 9.56/ bu)9.00 Week of ... 58. Flax Contracts Contracts Amount in MTPrice/bu 1 1513.02 2 3012.47 3 5 12.75 4 1012.85 5 1013.86 Average price $ 12.95/ bu Break even$7.58/bu price 59. MarketingCanolaDamian, Steph & Malcolm 60. Dekalb - No. 3 Canola 213MTsold to Viterra 79MT was 16-18% green 134MT was between 18-20% green After dockage of 10MT 76MT averaged $423.65 or $9.61/bu 127MT averaged $413.37 or $9.37/bu 203mt total averaged $417.29 or $9.46/buEstimated freight at $6/MT or $0.13/buBreak even of $5.82/bu 61. Victory No.2 Canola 76MT signed up for basis contracton December 14, 2011 Estimated discount from No.1 No.2 $21.00/MT $0.48/bu 62. Five Year Basis Average Source: George Morris Center 63. Retracement Lines 64. Trend-lines 65. Futures Pricing 66. Contract Breakdown TonneFutures Basis Net PriceNet PriceTotal15 $538.90$23.72$562.62 12.76 8,439.30 5 $529.30$23.72$553.02 12.54 2,765.1010 $531.60$23.72$555.32 12.59 5,553.2010 $536.20$23.72$559.92 12.70 5,599.2010 $542.50$23.72$566.22 12.84 5,662.20 5 $575.50$23.72$599.22 13.59 2,996.1016 $533.10$23.72$556.82 12.63 8,909.125.2$598.90$23.72$622.62 14.12 3,237.62Total76.243,161.84Average per tonne$548.25$23.72$566.43Average per bushel $12.43 $0.54 $12.85 67. Canadian: Stock-Use ratio25%23.1%CANDIAN CANOLA S/U21.8% RATIOCanola Council of Canada20% 19.4%18.0%17.6%15% 14.5%13.2% 12.0%10%8.3%5%0%02-03 03-04 04-05 05-06 06-07 07-08 08-09 09-1010-11 68. Forward Pricing Estimated 330 acres will be seeded Estimated yield of 35 bushels per acre Comfortableto pre-price 17% 330 ac X 35 bu = 11550bu 44MT =1963 bu 44MT = 17% Targeting 12$/bu 69. Forward Pricing Forward priced 10MT of number 1 canola Used November 2012 futures at $557.60 with a $18.11 under basis Net price is $539.49/MT or $12.23/bu 70. November 2012 Futures 71. Questions? 72. Intermission 10 minutesRefreshments in Room MB123 73. FinanceLindsay StankoFinance Manager 74. Members and Roles Group members include: Breann W, Tara W, Harolt W, Justin K Teacher Advisor: Kelsey Dodsworth Finance is responsible for: Enter transactions into QuickBooks Calculate Cost & Return Spread Sheets Present weekly financial reports Organize budget for next year 75. FinanceField SummaryHarolt & Justin K 76. LC14 130 acres Canola Dekalb Yield 39.9 bu/ac Income Price$9.46/bu Total Income $377.45/ac Total Expense$302.54/ac Break Even Yield 31.98bu Break Even Price $7.58/bu Net Margin $74.91/ac 77. LC17A 98 acres Canola - Dekalb Yield - 36.4 bu/ac Income Price$9.46/bu Total Income $344.34/ac Total Expense$293.29/ac Break Even Yield 31.00bu Break Even Price $8.06/bu Net Margin $51.05/ac 78. LC17B 78 acres Canola Victory Yield 43.1 bu/ac Income Price$12.70/bu Total Income $547.37/ac Total Expense$325.09/ac Break Even Yield 25.59bu Break Even Price $7.54/bu Net Margin $222.28/ac 79. LC05, Intercrop 28 acres Canola Clearfield Yield 23.8 bu/ac Income Price $9.46/bu Total Income$225.15/ac Total Expense $219.92/ac Break Even Yield23.24bu Break Even Price$9.24/bu Net Margin$5.23/ac 80. LC05, Intercrop 28 acres Peas CDC Meadow Yield 33.4 bu/ac Income Price$10.00/bu Total Income $334.00/ac Total Expense$211.88/ac Break Even Yield 21.18bu Break Even Price $6.34/bu Net Margin$122.12/ac 81. LC04&06 96 acres Peas CDC Meadow Yield 62.1 bu/ac Income Price$8.80/bu Total Income $546.48/ac Total Expense$293.23/ac Break Even Yield 33.32bu Break Even Price $4.72/bu Net Margin$253.25/ac 82. LC12 18 acres SWSWheat AC Andrew Yield 80.4 bu/ac Income Price$5.75/bu Total Income $462.30/ac Total Expense$276.04/ac Break Even Yield 48.00bu Break Even Price $3.43/bu Net Margin$186.26/ac 83. LC12 97 acres HRS Wheat Kane Yield 47.3 bu/ac Income Price$6.20/bu Total Income $293.26/ac Total Expense$288.11/ac Break Even Yield 46.46bu Break Even Price $6.09/bu Net Margin $5.15/ac 84. AL01 133 acres HRS Wheat Harvest Yield 62.6 bu/ac Income Price$6.20/bu Total Income $388.12/ac Total Expense$278.96/ac Break Even Yield 44.99bu Break Even Price $4.46/bu Net Margin$109.16/ac 85. LC18 98 acres Flax Hanley Yield 28.3 bu/ac Income Price$12.50/bu Total Income $353.75/ac Total Expense$214.42/ac Break Even Yield 17.15bu Break Even Price $7.58/bu NetMargin$139.33/ac 86. LC11 15 acres FeedBarley Ranger Yield 90 bu/ac Income Price $4.04/bu Total Income$363.60/ac Total Expense $179.89/ac Break Even Yield44.52bu Break Even Price$2.00/bu Net Margin$183.71/ac 87. LC01&03 76 acres Barley Silage Ranger Yield 12 MT Income Price$25.50/MT Total Income $306.00/ac Total Expense$186.79/ac Break Even Yield 7.32MT Break Even Price $15.57/MT Net Margin $119.21/ac 88. LC10 30 acres Barley Silage Ranger Yield 12 MT Income Price$25.50/MT Total Income $306.00/ac Total Expense$187.19/ac Break Even Yield 7.34MT Break Even Price $15.60/MT Net Margin $118.81/ac 89. FinanceFarm Financial SummaryTaralynn & Breann 90. Crop Inventory Commodity Tonnes Bushels Target PriceEstimated ($/bu) ValueHRS Wheat clean 170 6246$ 7.00 $ 43,722.00FD Wheat 44 1617$ 5.00$ 8,085.00SWS Wheat35 1286$ 6.00$ 7,716.00Barley 29 1332$ 4.04$ 5,381.28Peas 15 533 $ 8.50$ 4,530.50Clean Peas 19 700 $ 9.50$ 6,650.00Victory Canola 76 3351$ 12.75$ 42,725.25Flax 35 1378$ 12.50$ 17,225.00screenings 18 660 $ 3.00$ 1,980.00 TOTAL44117,103 $ 138,015.03 As of March 22, 2012 (in handout) 91. Total Income Apr 11 - Mar 12 Incom e4000 Sales 4020 Canola Sales 135,221.38 4030 Wheat Sales81,384.96 4050 Pea Sales59,135.53Total 4000 Sales 275,741.874120 Change in Crop Inventory40,873.194900 Miscellaneous Incom e 273.60Total Incom e316,888.66 As of March 22, 2012 (in handout) 92. Expenses4850 Interest Expense71.34 5310 Insurance17,397.445010 Custom Seeding 23,100.00 5400 Seed Treatm ent1,589.705020 Custom Spraying14,918.50 5500 Custom Seed Treating397.505030 Custom Soil Testing890.00 5610 Rentals - Outside 4,702.005040 Custom Trucking 9,669.58 5700 Seed & Seed Cleaning39,889.195060 Custom Crop Scouting 455.00 5850 Tools 49.305100 Equipment Repair8,444.97 5900 Depreciation 4,539.005110 Facility Maintenance6,132.06 6000 Unallocated Expense 967.405120 Fertilizer & Inoculant 50,295.65 69810 Com bine Lease 26,591.945130 Fuel, Oil. Filters5,933.14 69820 Grain Truck Rent5,000.005200 Herbicide21,891.25 Total Expense 242,924.96 As of March 22, 2012 (in handout) 93. Net Margin $73, 963.70 As of March 22, 2012 (in handout) 94. Year Net Margin (Before Depreciation)1996-97 $60, 412.391997-98 ($15, 128.00)1998-99 ($7, 475.00)1999-00 $13, 536.002000-01$3049.382001-02$5629.002002-03$8327.002003-04 $24, 713.002004-05$4739.642005-06 $46, 001.362006-07 $52, 585.392007-08 $58, 585.142008-09 ($18, 777.31)2010-11 $49, 566.942011-12 $78, 502.70 95. Questions? 96. ProductionCory LairdProduction Manager 97. Members and Roles Canola: Dalyn W Barley silage: Tara W, Reid F Peas: Chad K and Justin P Flax: Justin K Wheat: Michelle B Teacher Advisors: John Lunty & Peter Walsh Production is responsible for: Planning crops and inputs for 12/13 Soil testing Pre pricing of seed and fertilizer 98. Production Planning Considerations Field History Crop Rotation Chemical Rotation Economics(Budgets) Fertilizer Blends Target Yields Uptake Nutrients Required Soil Sample Results Industry and Advisor Advice 99. Fertilizer Calculator Crop Uptake and Removal Chart Uptake Removal lbs/ac unit yield (BU)lbs/ac unit yield (BU)CropNPK S CropNPKSCanola 3.30 1.45 2.30 0.60Canola 1.92 1.05 0.520.34Wheat 2.30 0.80 2.000.25Wheat 1.60 0.60 0.45 0.13Barley1.40 0.55 1.350.16Barley1.00 0.42 0.32 0.09Oats1.10 0.40 1.450.13Oats0.62 0.26 0.19 0.05Flax3.00 0.85 1.800.56Flax2.20 0.65 0.60 0.23Peas3.00 0.83 2.750.25Peas2.35 0.70 0.71 0.13Uptake = Total Nutrient taken up by crop togrow and developRemoval = Nutrient removed in harvestedportion of the cropThe guidelines in this chart are estimates and based on typical nutrient concentrations and yields forgood growing conditions in western CanadaReferences: CFI Nutrient Uptake and Removal - Western Canada 2001, Eastern Canada2001, A&L Agronomy HandbookNutrient Content, Uptake pattern and Carbon: Nitrogen Ratios of Prairie Crops, ManitobaAgriculture, Food and Rural Initiatives 2007 100. Canola ExampleUptakeTarget Yield:60Crop NP K SCanola19887138 36Removal Target Yield:60Crop NP K SCanola11563 31 20 101. Fertilizer Blend Agronomics Organic Matter 7lb of N per 1% of O.M willbe released Nitrogen Multiply by 0.7 (to account forlosses) Potassium ideally above 150ppm (300lb/ac) High Aluminum (600+ppm) can tie upPhosphorus Sulphur levels can not be trusted as thenutrient is so mobile Sulphur N:S Ratio should be 5:1 in blends Copper Levels should be above 1ppm Boron Levels should be above 1ppm 102. Law of Minimum - Liebig The law ofminimumdeveloped byLiebig in 1862states that cropproduction canbe no higher thanthat allowed bythe most limitingplant growthfactor 103. Variable RateTechnologyAllied 01 104. Variable Rate Technology Variable Rate Technology or VRT combines GPS, electronic controllers and geographical information system in the cab to change the rate of any product being applied in the field 105. VRT Possibilities Fertilizer Herbicide Insecticide Fungicide Others? 106. VRT Implementation Mapbased Prescription maps Sensorbased Realtime crop or field assessmentcontrolling Manual Operator controlled 107. Map Layers Field History EC Map Topography Yield Maps 108. Al 01 109. Yield Map 2011 110. Topography 111. Topography With Yield Map 2011 112. Profit Loss Map 2011 113. EC Map 114. 3 Year Yield Average 115. Zone PrescriptionsZone 1 Target Yield:50Crop NP KSCanola110 30 10 22Zone: 2Target Yield:55Crop NP KSCanola120 30 10 24Zone: 3Target Yield:60Crop NP KSCanola130 30 10 26Zone 4Zone 3Zone: 4Target Yield:65Zone 2Crop NP KSZone 1Canola1403010 28 116. ProductionCanolaDalyn 117. Varieties Invigor L150 $480/bag-10ac/bag-$48.00/ac Invigor L130 $480/bag-10ac/bag-$47.00/ac HighYield Potential Break up Canola herbicide Systems usedin the past 118. Location and Seeding Totalof 360 acres of seed purchased L150-AL01 variable rate fertilizer L130-LC12, LC01 and LC03 Both seeded on cereal stubble in May Seeding 5lbs/ac rate 10 plants/ft2 Dekalb canola variety trials 119. Fertilizer LC 1&3 120-25-0-25 $98/ac LC12 135-20-10-30 - $105/ac UptakeRates(60bu/ac)-198-87-138-36 Removal Rates(60bu/ac)-115-63-31-20 120. Crop Protection Herbicide Pre seed Cleanstart $7.10/ac Herbicide In crop Liberty Herbicide two pass system -1st pass at 1.6L/ac @ $11.98/ac -2nd pass at 1.35L/ac @ $9.95/ac -quack grass -thistles Tank mix 1st pass with Centurion $2.36 -$4.73/ac grassy weed control 121. Crop Protection Fungicide Proline -sclerotinia control -126-147 mL/ac -$17-$25/ac - Saving 25% - Bayer value program 122. Crop Protection Insecticide SevinXLR -flea beetles -$4-28/ac Decis -Bertha Army Worms -$4-8/ac Lorsban ($5-23) or Matador ($5-6) -Cutworms 123. CROP INFORMATION Canola Canola CanolaVarietyL150 L130 L130FieldAL01 LC 12LC 1 & 3Acres133115 76Yield (Bu) 58 6060Projected Price($/Bu) $11.50 $11.50 $ 11.50TOTAL INCOME$ 667.00 $ 690.00 $690.00EXPENSESCustom Work $62.25 $56.25 $ 56.25Crop Protection Productions $73.76 $73.76 $ 73.76Fertilizer$ 109.40 $ 105.00 $ 98.00Seed and Seed Treatments$44.80 $44.70 $ 44.70Other $- $- $ -Insurance $23.45 $23.45 $ 23.45Equipment, Buildings, Etc $30.04 $30.04 $ 30.04TOTAL EXPENSES$ 343.40 $ 333.20 $326.20NET MARGIN$ 323.30 $ 356.80 $363.80Break Even Yield at Budget Price 29 2928Break Even Price at Budget Yield $5.56 $ 5.55 $5.44Gross Margin for Field$ 47,441.10 $ 41,032.00 $ 27,648.80 124. ProductionBarley SilageTaralynn & Reid 125. Variety Trochu Smooth awned Six row Dual purpose High silage yield Common root rot resistance Scald resistance genes Low lodging resistance 126. Seeding Will be grown on LC 17 A, B and C LC 10 LC 11 Will be seeded Mid May to early June 100 lbs/ac rate 24 plants/ft2 1.5- inch depth 127. Nutrients and Crop Protection Fertilizer 70-25-0-10 Herbicide Pre Seed Round Up Transorb plus Express Pro Herbicide In crop Frontline XL plus Axial 128. CROP INFORMATION Barley Silage Barley Silage Barley SilageBarley SilageVarietyTrochuTrochuTrochu TrochuFieldLC 17 A LC 17 B LC 17 CLC 11 + 10Acres 98 788845Yield (MT) 88 8 8Projected Price($/MT)$26.00 $26.00 $ 26.00 $ 26.00TOTAL INCOME $ 208.00 $ 208.00 $208.00 $ 208.00EXPENSESCustom Work$44.00$44.00$44.00$44.00Crop Protection Productions$35.00$35.00$35.00$35.00Fertilizer $55.88$55.88$55.88$55.88Seed and Seed Treatments $22.50$22.50$22.50$22.50Other$-$-$-$-Insurance$ 8.87$ 8.87$ 8.87$ 8.87Equipment, Buildings, Etc$23.19$23.19$23.19$23.19TOTAL EXPENSES $ 189.44$ 189.44$ 189.44$ 189.44NET MARGIN $18.56$18.56$18.56$18.56Break Even Yield at Budget Price 7 7 7 7Break Even Price at Budget Yield $23.68$23.68$23.68$23.68Gross Margin for Field $ 1,818.88$ 1,447.68$ 1,633.28$ 835.20 129. ProductionPeasChad & Justin P 130. Variety CDC Meadow Seed from last years pea crop It is a proven variety that performs well in the Vermilion area Price of seed determined by current market price 131. Seeding Will be grown on LC 14 Will be seeded Early May 180 lbs/ac rate 9 plants/ft2 2 inch depth Post emergent rolling Start rolling after seeding but no later than5-6 nodes 132. Nutrients Fertilizer 13-20-10-10 Uptake Rates (50bu/ac) -150-42-138-13 Removal Rates (50bu/ac) -118-35-36-7 133. Crop Protection Seed Treatment Trilex- used for seedling blight and root rotcontrol- $4.06/bu Inoculant Inoculator XL peat based- $2.54/bu 134. Crop Protection Herbicide Pre seed Roundup Weathermax plus Heat- Canada thistle, Wild oat and Volunteercanola control- Glyphosate - $4.50/ac- Heat - $5.21/ac Herbicide In crop Odyssey DLX - longer residual control on multiple flushes of weeds 135. Crop Protection Fungicide Headline EC Desiccant Reglone Insecticide Matador 120 EC 136. CROP INFORMATION PeasVarietyCDC MeadowFieldLC 14Acres 130Yield (Bu)50Projected Price($/Bu) $7.50TOTAL INCOME$375.00EXPENSESCustom Work$ 56.25Crop Protection Productions$ 61.36Fertilizer $ 28.00Seed and Seed Treatments $ 40.20Other$8.00Insurance$ 20.78Equipment, Buildings, Etc$ 38.04TOTAL EXPENSES $252.63NET MARGIN $122.37Break Even Yield at Budget Price 34Break Even Price at Budget Yield $5.05Gross Margin for Field $ 15,908.10 137. ProductionWheatMichelle 138. Varieties CDCUtmost HRS LC04 Alvena HRS LC05 & LC06 AC Andrew SWS LC18 Each variety will be seeded 1 inch depth TargetPlant Population HRS - 25 plants/ft2 SWS - 20plants/ft2 139. Fertilizer LC18 SWS 120-30-25-10 plus 1 lb of Cu -Foliar Cu Uptake Rates(85bu/ac): 196-68-170-21 Removal Rates(85bu/ac): 136-51-38-11 LC04, 05 & 06 HRS 90-30-15-10 plus 1 lb of Cu -Foliar Cu -ESN trial Uptake Rates(60bu/ac): 138-48-120-15 Removal Rates(60bu/ac): 96-36-27-7.8 140. Crop Protection Herbicide Pre seed LC18 Prepare plus Pre-pass (with glyphosate) LC 04, 05 & 06 -Glyphosate Herbicide In crop LC18 Prestige Everest (follow up on Prepare) LC 04, 05 & 06 Tandem MCPA Ester 141. Crop Protection Dual Action Seed treatment Raxil WW Fungicide- Foliar Prosaro 250 EC Insecticide Lorsban 4E 142. Possible Buyers SWS Ethanol -Husky Energy Feed and Ethanol-Highland Feeders Ltd. HRS Milling-CWB-Viterra-Cargill 143. CROP INFORMATION SWSHRSHRSVarietyAC AndrewUtmost AlvenaFieldLC 18LC 4 LC 5 & 6Acres 9870 55Yield (Bu)8560 60Projected Price($/Bu)$ 5.20 $7.00 $ 7.00TOTAL INCOME $ 442.00 $420.00 $ 420.00EXPENSESCustom Work$ 56.25$ 56.25$ 56.25Crop Protection Productions$ 60.00$ 60.00$ 60.00Fertilizer $108.00$ 88.00$ 88.00Seed and Seed Treatments $ 27.00$ 27.15$ 31.88Other$ -$ -$ -Insurance$ 14.91$ 12.92$ 15.03Equipment, Buildings, Etc$ 30.04$ 30.04$ 30.04TOTAL EXPENSES $296.20$274.36$281.20NET MARGIN $145.80$145.64$138.80Break Even Yield at Budget Price 57 39 40Break Even Price at Budget Yield $3.48$4.57$4.69Gross Margin for Field $ 14,288.40$ 10,194.80$7,634.00 144. ProductionFlaxJustin K 145. Flax Production Overview Grown on LC14 Variety Hanley Target of 30 bu/ac Fertilizer 45-20-0-5 Herbicide Pre seed Cleanstart Herbicide In crop FlaxMax Fungicide Optional Headline Desiccant Reglone 146. Why we did not choose to grow flax competition for acres had a large silage commitment with livestock SMF (100 acres more than originally expected) not a good fit in rotationNot ideal after canola, as it has allelopathic residues 147. Questions? 148. Thank you! 149. Closing Video