Soybeans and maize 2010/2011 Sojabone en mielies

Mpumalanga (dryland / droëland)

Area / Gebied		Kinross		Middelburg
Crop / Gewas		Soybeans Sojabone RR	Maize Mielies	Soybeans Sojabone RR	Maize Mielies
Cultivation system / Bewerkingstelsel		No-till / Geen	Minimum	Conventional / Konvensioneel
Date SAFEX future price / Datum SAFEX termynkontrakprys		05/2011	07/2011	05/2011	07/2011
Yield / Opbrengs	T/ha	2.00	5.30	2.50	5.60
Nett price at silo / Netto siloprys	R/ton	2 465	960	2 457	936
Safex	R/ton	2 600	1 215	2 600	1 215
Transport differential / Vervoerdifferensiaal	R/ton	0	120	0	136
Other marketing costs / Ander (i)	R/ton	135	135	143	143
Gross income at silo / Bruto inkomste by silo	R/ha	4 930	5 087	6 142	5 241
Variable costs / Veranderlike koste
Pre harvest cost / Vooroeskoste
Seed / Saad (ii)	R/ha	407	1 320	611	1 320
Own / Eie	R/ha	246	0	229	0
Purchased / Gekoop	R/ha	161	1 320	382	1 320
Fertilizer / Bemesting (iii)	R/ha	575	1 733	745	1 854
Lime / Kalk	R/ha	71	71	61	61
Herbicides / Onkruiddoders	R/ha	224	472	276	353
Pesticides and fungicides / Plaag- en swambeheermiddels	R/ha	28	79	16	28
Casual labour / Los arbeid	R/ha	0	68	0	76
Aero spray (contract) / Lugbespuiting (kontrak)	R/ha	0	0	0	0
Crop insurance / Oesversekering	R/ha	505	315	447	123
Mechanisation costs / Meganisasiekoste
Fuel / Brandstof	R/ha	90	223	318	301
Repair and maintenance / Herstel en onderhoud	R/ha	140	257	250	297
Interest on working capital (iv) / Rente op bedryfskapitaal (iv)	R/ha	129	272	166	263
Harvesting costs / Oeskoste (v)	R/ha	198	199	165	170
Total variable costs / Totaal veranderlike koste	R/ha	2 367	5 011	3 054	4 844
Gross margin / Bruto marge	R/ha	2 563	76	3 088	397
Labour costs / Gereelde arbeidskoste	R/ha	200	200	213	200
Margin above labour costs / Marge na gereelde arbeidskoste	R/ha	2 363	-124	2 875	197

Source: group discussions 2009. Adjusted with Aug 2010 prices.
Bron: groepsbesprekings 2009. Aangepas met Aug 2010 pryse.

• Includes handling fee, commission, transport to silo, hedging and drying cost, if applicable.
  Sluit hanteringsfooi, kommissie, vervoer na silo, verskansings- en drogingskoste waar van toepassing in.
• Includes cost of innoculants.
  Sluit saadbehandeling in.
• Includes trace elements if applied.
  Sluit spoorelemente in, indien toegedien.
• Interest calculated for part of production year. Interest rate: 11.50%.
  Rente bereken vir gedeelte van produksiejaar. Koers: 11.50%.
• Includes self combine harvesting (fuel and repairs only).
  Eie stroper (slegs brandstof en reparasies).

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Sensitivity analysis / Sensitiwiteitsanalises
Mpumalanga (dryland / droëland)

Kinross

Yield / Opbrengs (ton/ha)	1.60	1.80	2.00	2.20	2.40
SAFEX price / SAFEX prys (R/ton)	Gross margin per ha (excluding permanent labour) / Bruto marge per ha (gereelde arbeid uitgesluit)
	R/ha
2 200	937	1 350	1 765	2 176	2 589
2 400	1 257	1 710	2 163	2 616	3 069
2 600	1 577	2 070	2 563	3 057	3 549
2 800	1 897	2 435	2 963	3 496	4 029
3 000	2 217	2 700	3 363	3 936	4 504

Middelburg

Yield / Opbrengs (ton/ha)	2.20	2.30	2.50	2.70	2.90
SAFEX price / SAFEX prys (R/ton)	Gross margin per ha (excluding permanent labour) / Bruto marge per ha (gereelde arbeid uitgesluit)
	R/ha
2 200	1 471	1 676	2 088	2 500	2 911
2 400	1 911	2 136	2 588	3 040	3 490
2 600	2 351	2 596	3 088	3 579	4 070
2 800	2 791	3 056	3 588	4 120	4 650
3 000	3 231	3 517	4 088	4 660	5 230