WHEAT BUDGET GUIDE 2024

Yield level (t/ha)

Selling price ($/t)
GROSS INCOME ($/ha)
TOTAL VARIABLE COSTS (TVC)
GROSS MARGIN (GM)

VARIABLE COSTS
A. PRIOR TO HARVESTING Unit cost ($)

1. Labour: ld 17 days 2
2. Tractor op., l/ha 70 litres 1.5
3. Seed: kg 125 kg 1.65
4. Fertilizer and Lime:
a. Compd D 0.45 tonnes 680
b. AN 0.35 tonnes 760
c. Agric Lime:t 0.4 tonnes 200
d. Transport costs 1.2 tonnes 20
5. Herbicides:
a. MCPA 1 litres/ha 5
b. Banvel 0.25 litres/ha 20
6. Insecticides
Spike Xtra 0.5 litres/ha 11
7. Fungicide
Shavit 0.5 litres/occassio 6
8. Insurance:
a. Field/floor, 0.35% Gross Income
b. Hail, of GI 1% Gross Income
9. Irrigation, cub m. 6000 cubic metres 0.06

TVC PRIOR TO HARVESTING

B. HARVESTING AND MARKETING

1. Labour: ld/t 0.5 days per tonne 2

2. Tractor op. l/t 1.3 litres per tonne 3.5
3. Contract Combine: 100
 Fuel 20 litres 1.5
4. Packing materials
a. Bags: 20 bags /tonne 0.5
b. T2 Twine:g/t 92 g/tonne
6. Transport out: 20

TVC HARVESTING and MARKETING

TVC
per ha 20
5 100
$ 480 $ 480
$ 2,400 $ 48,000
$ 1,819 $ 36,388
$ 581 $ 11,612

$/ha Total

$ 33 $ 665
$ 105 $ 2,100
$ 206 $ 4,125

$ 306 $ 6,120
$ 266 $ 5,320
$ 80 $ 1,600
$ 24 $ 480
$ -
$ 5 $ 100
$ 5 $ 100
$ -
$ 6 $ 110
$ -
$ 3 $ 60
$ -
$ 8 $ 168
$ 24 $ 480
$ 360 $ 7,200
$ -
$ 1,431 $ 28,628
$ -
$ -
$ -
$ 5 $ 300
$ 23 $ 460
$ 100 $ 2,000
$ 110 $ 2,200
$ -
$ 50 $ 1,000
$ -
$ 100 $ 2,000
$ -
$ 388 $ 7,760
$ -
$ 1,819 $ 36,388