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Cover of Oilseeds Focus Vol 5 No 2 March 2019
INCOME AND COST BUDGETS 2018/2019 SUMMER CROPS IRRIGATION KwaZulu-Natal
PLEASE CLICK ON THE LINKS BELOW TO VIEW INDIVIDUAL FILES
 KWAZULU-NATAL LIMPOPO (LOSKOP) NORTH WEST (BRITS) NORTHERN CAPE
2018/2019 Income and Cost Budgets

KwaZulu-Natal (Bergville) – irrigation

Income and cost budgets for maize and soybeans for KwaZulu-Natal (Bergrivier)
Area KwaZulu-Natal: Bergrivier
Crop Maize Soybeans
Production system Irrigation

1. Income

Yield: deterministic Ton/ha 12.00 4.00
SAFEX simulated price / producer price: 2019 R/ton 2 494 5 250
Total deductions R/ton 357 59
– Transport differential R/ton 297
– Grade differential R/ton
– Marketing and handling R/ton 60 59
Price premiums R/ton
Net farm gate price R/ton 2 137 5 191
Gross income R/ha R25 649 R20 766

2. Variable expenditures

Contracting R/ha
Crop insurance R/ha 975 2 533
Fertilizer R/ha 7 731 3 137
Lime R/ha 600
Seed R/ha 3 880 1 668
Fuel R/ha 1 129 431
Herbicide R/ha 1 007 1 051
Insecticide R/ha 42 259
Fungicides R/ha 602 530
Marketing costs R/ha
Repairs and maintenance R/ha 672 376
Casual labour R/ha 256
Aerial spray R/ha
Irrigation electricity R/ha 2 271 1 858
Water R/ha 1 617 1 323
Other expenditure: scheduling/irrigation equipment R&M R/ha 572 572
Total variable expenditure R/ha R21 353 R13 739
Total variable expenditure R/ton R1 779 R3 435
3.1 Gross margin R/ha R4 295 R7 026
3.2 Gross margin R/ton R358 R1 757
Source: BFAP, GSA and individual farmers – 2018.
Gross margin comparison – baseline: KwaZulu-Natal (Bergrivier)
Gross margin comparison - Baseline: KwaZulu-Natal: Bergrivier

Gross margin per hectare: KwaZulu-Natal (Bergville)

Soybeans sensitivity analysis
Yield (t/ha)
Producers price 3.25 3.50 3.75 4.00 4.25 4.50 4.75
R4 791 1 833 3 381 4 229 5 426 6 624 7 822 9 020
R4 891 2 158 3 381 4 604 5 826 7 049 8 272 9 495
R4 991 2 483 3 731 4 979 6 226 7 474 8 722 9 970
R5 091 2 808 4 081 5 354 6 626 7 899 9 172 10 445
R5 191 3 133 4 431 5 729 7 026 8 324 9 622 10 920
R5 291 3 458 4 781 6 104 7 426 8 749 10 072 11 395
R5 391 3 783 5 131 6 479 7 826 9 174 10 522 11 870
R5 491 4 108 5 481 6 854 8 226 9 599 10 972 12 345
R5 591 4 433 5 831 7 229 8 626 10 024 11 422 12 820
Soybeans margin above/below maize
Yield Price (R/ton)
R4 891 R4 991 R5 091 R5 191 R5 291 R5 391 R5 491
3.00 -3 360 -3 060 -2 760 -2 460 - 2 160 -1 860 -1 560
3.25 -2 138 -1 813 -1 488 -1 163 -838 -513 -188
3.50 -915 -565 -215 135 485 835 1 185
3.75 308 683 1 058 1 433 1 808 2 183 2 558
4.00 1 531 1 931 2 331 2 731 3 131 3 531 3 931
4.25 2 754 3 179 3 604 4 029 4 454 4 879 5 304
4.50 3 977 4 427 4 877 5 327 5 777 6 227 6 677
4.75 5 200 5 675 6 150 6 625 7 100 7 575 8 050
5.00 6 422 6 922 7 422 7 922 8 422 8 922 9 422

Notes

  • The cost items reflect the input allocation based on the target yield for the respective crops.
  • Although some expenditure items are zero, it is reflected in the budgets to allow for individual inclusion.
  • The cost of fuel includes pre-harvest and harvesting costs with the assumption that own machinery is used.
  • The cost for soybean seed reflects a combination of own and purchased seed.
  • There will be large fluctuations for insurance cost (hail) based on the associated risk in respective areas. It is advised that producers adjust this cost based on their individual premiums.
  • It is important to note that overhead costs are not included and should be accounted for.
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