Saskatchewan Farm Accounting is an essential part of farming in Saskatchewan. Whether you grow corn, canola, oats, or barley, you’ll need to keep records of your expenses. The good news is that the government offers free software for this purpose. This is great news for farmers and makes farm accounting easy.
Canola
Canola is one of Canada’s most widely grown crops, accounting for nearly one-fourth of farm receipts. Despite its popularity, canola is also one of the most high-risk investments in the agricultural industry. This means that revenue protection is essential to the long-term resilience of farm businesses. Farmers must carefully monitor the growing season and plan their operations accordingly. Delay in planting, for instance, increases the risk of yield loss due to heat exposure.
To measure canola yields, yield monitor data were used. Yield data were log-transformed to meet the assumptions of normality and homogeneity of variance. Parameters were then calculated using the mixed model and maximum likelihood methods in statistical software. For each field, the yield was calculated and the resulting yield was plotted.
Canola is the largest field crop in Saskatchewan, followed by spring wheat and lentils. These three crops represent over 40% of the province’s total agri-food exports. In 2016, Saskatchewan farmers exported over $4.7 billion in oilseeds to 71 different countries. Canola production accounted for 53.7% of all Saskatchewan farms and nearly half of its total farm receipts.
The results of this study indicate that the spatial patterns of yields and NRs vary widely across provinces. Moreover, canola yields varied greatly across regions, with differences in yield between locations and growing seasons. The results suggest that the growing-season precipitation in Manitoba was significantly higher than that in Saskatchewan. Similarly, the coefficients for location and N were significant for both provinces.
The results also indicated that nitrogen rates significantly affected canola yield. A high nitrogen rate resulted in a higher yield and NR, while a low nitrogen rate resulted in lower yield. However, NR and yield varied considerably between management zones. For example, nitrogen rates were much higher in the high zone than those in the low zone.
The results of the study also demonstrated that variable fertilizer rates based on management zones were not effective on all fields. The application of nitrogen fertilizer in the ten fields combined resulted in an average increase of $28 to $65 ha-1 in net revenue for the farmers. The impacts were also site-specific, reflecting factors such as the type of farm and the soil and environment. Moreover, nitrogen application rates under MZs were reduced by eight to ten percent compared to uniform rates.
Oats
Oats are one of Saskatchewan’s major crops. These grains were first grown in the Middle East, but they also have a long history in China and Greece. It was the Greeks who were the first to use oats to make porridge. In the early 17th century, settlers from Europe brought oats to Canada, making them an important crop for the settlers on the Prairies. Oats grow best in regions with warm, dry weather and just the right amount of moisture. As a result, oats are primarily grown in the eastern part of Saskatchewan.
Oats have been grown in Canada since the earliest settlers. They were originally used as feed for livestock. Today, however, oats are used for human consumption and other uses. In addition to being used for animal feed, they are also used in pharmaceuticals and as birdseed. However, oats are not a cheap crop. AAFC has studied the trend of oat production in Canada and the use of this crop.
Oats can be challenging to track because their price fluctuates depending on their quality. They are also dependent on the specifications of the buyers. Generally, most grain companies base their prices on the Chicago Board of Trade oat futures and Minneapolis cash oat market. However, they will adjust these prices to reflect Canadian dollar exchange rates. This means that Alberta oat prices can differ significantly from Chicago oat prices.
As a result of these conditions, oat prices are increasing across the world. While major food companies haven’t yet announced any price increases for their oat products, the rising costs of oats are likely to increase the costs of other foods and products. In addition to oats, other grains have also seen significant increases.
Oats are sold into two different markets: the cash market and the spot market. In the cash market, farmers can sell their oats to local elevators, a neighbor, or a grain company. These buyers will quote a cash price for oats delivered within a short period of time. Sometimes, companies will purchase oats directly at the farm gate. The quoted price includes freight to the final destination.
The breadbasket of Canada, Saskatchewan is a leading producer of grains, oilseeds, and pulses. The province has over 60 million acres of cultivated farmland. Its agricultural industry is the fifth largest in Canada and contributes nearly one-third of the province’s total GDP.
Lentils are an important crop on the prairies. They can replace summer fallow, which is an essential part of the crop rotation. Additionally, seeding lentils into wheat stubble will help to restore nutrients in the soil and fix nitrogen. That is great news for Saskatchewan farmers. The next time you go shopping for grains, consider adding lentils to your next order. This is a healthy, protein-rich crop for your family.
Barley
The Canadian Barley Board reports that Saskatchewan farmers are on track to grow about nine million tonnes of barley in 2018 – a modest increase compared to the 7.9 million tonnes produced in 2017. The projected increase is due to an 11.5 per cent increase in harvested area to 5.8 million acres, and a 9.1 per cent decrease in yields. Meanwhile, oats will be cut by 6.2 per cent to 2.4 million acres, according to the report. The decline in yields is expected to lead to higher prices and fewer exports, but it is still a substantial amount of barley.
Barley is a cereal grain that is harvested for several uses. It is commonly ground into flour and used in a variety of food products. It is available in two forms: pearled and unhulled. In addition to barley, Saskatchewan farmers also grow oats, wheat, and canary seed. In 2019, Saskatchewan farmers will plant about 1.275 million hectares (3.15 million acres) of barley.
Bill Cooper is an 82-year-old farmer from Saskatchewan. He is the interim chair of the Saskatchewan Barley Development Commission and serves on the Barley Council of Canada. He also runs a grain business, Farm West Management Inc., in Regina. Cooper, known as “The Godfather of Barley”, is one of the most respected figures in the Canadian grain industry.
Barley and wheat have taken up more than 40 per cent of Saskatchewan’s cultivated land. Other cereals have taken over an additional 7% of the province’s land. While spring wheat is still the dominant crop on the prairies, it is losing ground to oilseeds and specialty crops.
Canadian soybean production is expected to drop slightly this year. Saskatchewan farmers’ harvest is expected to fall by ten per cent, and yields are expected to decrease by 1.5 bushels per acre. However, Ontario and Quebec are expecting to increase soybean production by more than one million tonnes. This decline is mainly due to lower yields and less harvested area.
Barley was included in a variety of rotations, including summerfallow, monoculture, and continuous cropping. The increase in yield in continuous cropping was about 1.3Vo higher than in summer fallow or stubble. In all other rotation sequences, fertilization was used to enhance barley.