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E CONOMIC C OMPARISON OF S PRING C ANOLA AND C AMELINA P RODUCTION Kathleen Painter and Stephen Guy University of Idaho & Washington State University.

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Presentation on theme: "E CONOMIC C OMPARISON OF S PRING C ANOLA AND C AMELINA P RODUCTION Kathleen Painter and Stephen Guy University of Idaho & Washington State University."— Presentation transcript:

1 E CONOMIC C OMPARISON OF S PRING C ANOLA AND C AMELINA P RODUCTION Kathleen Painter and Stephen Guy University of Idaho & Washington State University

2 C OMMODITY P RICES R ETURN TO L ONG -R UN A VERAGES

3 S LIMMER M ARGINS REQUIRE SHARPER PENCILS ! Unprofitable rotational crops pull down overall profitability However, rotations are critical to maintaining resilient, healthy crops Diversify your cropping systems in order to spread risk Right now, grain prices are low but dry peas, lentils, and canola prices are well above long-run averages

4 C AMELINA : A C OLD -T OLERANT O ILSEED

5 S UMMARY OF R ETURNS BY C ROP F OR >18” R AINFALL ($/ ACRE ): C ONV T ILL

6 S UMMARY OF R ETURNS BY C ROP F OR >18” R AINFALL ($/ ACRE ): N O -T ILL

7 S UMMARY OF R ETURNS BY C ROP F OR < 18” R AINFALL, C ONV. T ILL ($/ ACRE )

8 C AMELINA G ROWER Y IELD E XPECTATIONS Annual cropping area, >18” ppt per year 1800 lb per acre Intermediate cropping zone, 16” rainfall 1400 – 1500 lb per acre Low rainfall zone, 14” rainfall 1200 lb per acre

9 C AMELINA P RODUCTION Early-seeded crop Can be drilled or broadcast seeded Valmar applicator can be used to broadcast seed and fertilizer Low input costs $15 per acre for seed 50 lb N, 10 lb S is typical (less than $40/ac) $16 per acre for Poast plus COC Few pest problems Rotational crop for grains in areas with few alternatives

10 O PERATIONS FOR D IRECT S EED OR B ROADCAST P LANTING OF C AMELINA March Spray weeds (e.g. Roundup) Mid-March to early April 4-5 lb camelina 50 lb N, 10 lb S typical fertilizer application Use broadcast spreader such as a Valmar applicator or a direct seed drill May Poast plus 2 pt COC ($16/ac) August Direct combine (shattering not a problem)

11 O PERATIONS FOR C ONVENTIONAL T ILLAGE C AMELINA P RODUCTION October Heavy harrow March Cultivate with harrow Chisel/harrow/fertilize with ripper shooter 50 lb N, 10 lb S typical fertilizer application Mid-March to early April Cultivate Drill 4-5 lb camelina seed per acre May Apply Poast plus 2 pt COC ($16/ac) August Direct combine (shattering not a problem)

12 C OSTS B Y N ON -G RAIN A LTERNATIVE C ROPS : C ONVENTIONAL T ILLAGE

13 N ON -G RAIN A LTERNATIVE C ROPS : R EVENUE, C OSTS, & N ET R ETURNS

14 C OOK F ARM N O -T ILL T RIALS

15 R OUNDUP R EADY C ANOLA L OSES L EAST …

16 R OUNDUP R EADY N O -T ILL C ANOLA Y IELDS B Y G RIDPOINT & Y EAR Mean: 2011 lb/ac Standard Deviation: 754 lb/ac lb per acre

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18 C OOK F ARM : E FFECT OF A LTERNATIVE C ROP S ELECTION ON W INTER W HEAT Y IELDS Years:

19 R OUNDUP R EADY C ANOLA IS E CONOMICALLY C OMPETITIVE WITH A LTERNATIVE C ROPS Reduces herbicide costs & weed pressure Prices were very strong earlier this year Prices are recovering from a large decline last fall

20 C AMELINA & C ANOLA AS A LTERNATIVE C ROPS FOR D RYLAND C ROPPING S YSTEMS Camelina yields are generally less volatile than canola yields Input costs are lower for camelina Few insect pests Lower fertility requirements With contracts prices of $0.18 per lb, net returns were higher than for grains in the intermediate cropping zone Rotation may need to flex to accommodate rainfall Winter wheat/spring grain/camelina/(fallow) OR Winter wheat/camelina/fallow

21 L IMITED R ESEARCH ON C AMELINA IN U.S. Camelina results are based on just a few years of research and growers’ experiences in this country Estimates of production levels and input usage will be further refined as more information becomes available

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27 R ESOURCES EM 8953-E Camelina by Ehrensing and Guy, January 2008, Oregon State University Great Plains Oil Co. website: Canola price data: Northern Canola Growers’ Assoc. Budgets: Economics.htm

28 C ONTACT I NFORMATION : Kate Painter, PhD Ag Economics Analyst UI AERS Moscow ID Office: (208) Cell: (509)


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